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SouthAfricanBrewerie (SAB)

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Thursday 31 May, 2001

SouthAfricanBrewerie

Preliminary Results - Part 4

South African Breweries PLC
31 May 2001

PART 4

                       SUPPLEMENTARY INFORMATION (US$)



1.       Continuing operations



Profit and Loss Accounts
Cash Flow Statements



2. Half yearly reporting (continuing operations)


Profit and Loss Accounts
Cash Flow Statements





South African Breweries plc
Continuing Operations Profit and Loss Accounts
For the years ended 31 March

                                                                2001       2000
                                                           Unaudited  Unaudited
                                                                US$m       US$m
Turnover (including share of associates' turnover)             4,184      4,299
Less:  share of associates' turnover                           (560)      (653)

Group turnover                                                 3,624      3,646
Net operating costs                                          (2,987)    (3,021)

Group operating profit                                           637        625
Share of operating profit of associates                           63         95
Trading profit                                                   700        720
- pre exceptionals                                               700        731
- exceptional items*                                               -       (11)

Profit on disposal of subsidiary                                   -         76
Profit on ordinary activities before interest and                700        796
taxation
Net interest payable                                            (54)       (40)
Group                                                           (43)       (27)
Associates                                                      (11)       (13)

Profit on ordinary activities before taxation                    646        756
Taxation on profit on ordinary activities                      (186)      (176)
- pre-exceptional                                              (186)      (168)
- exceptional item                                                 -          8

Profit on ordinary activities after taxation                     460        580
Equity minority interests                                      (101)       (96)

Profit for the financial year - continuing operations            359        484

* Exceptional items
- Brewery closure costs in SAB International                       -       (11)

Effective tax rate before goodwill amortisation (%)             28.0       24.1









South African Breweries plc
Continuing Operations Cash Flow Statements
For the years ended 31 March
                                                                 2001      2000
                                                            Unaudited Unaudited
                                                                 US$m      US$m

Net cash inflow from operating activities                         859       795

Dividends received from associates                                 15        16

Returns on investments and servicing of finance
Interest received                                                  36        46
Interest paid                                                    (74)      (77)
Interest element of finance lease rental payments                 (2)       (3)
Dividends received  from other investments                          3         2
Dividends paid to minority interests                             (71)      (44)
Net cash outflow from returns on investments
and servicing of finance                                        (108)      (76)

Taxation                                                        (179)     (173)

Capital expenditure and financial investments
Purchase of tangible fixed assets                               (350)     (387)
Sale of tangible fixed assets                                      19        21
Purchase of investments                                          (15)     (570)
Sale of investments                                                22         1
Net cash outflow for capital expenditure
and financial investments                                       (324)     (935)

Acquisitions and disposals
Purchase of subsidiary undertakings                               (4)     (117)
Sale of subsidiary undertakings                                     9       229
Net cash (disposed)/acquired with subsidiary undertakings         (1)        25
Purchase of shares from minorities                              (453)      (67)
Settlement of deferred creditor (PU)                            (230)         -
Purchase of shares in  associates                                (42)         -
Net funding to associates                                        (38)      (23)
Sale of associate                                                  59        13
Net cash (outflow)/inflow for acquisitions and disposals        (700)        60

Dividends paid to ordinary shareholders                         (177)      (50)

Management of liquid resources
Sale of short-term liquid instruments                              50       531
Cash withdrawn from/(placed in) short-term deposits                14      (28)
Net cash inflow  from management of liquid resources               64       503

Financing
Issue of shares                                                     3         3
Issue of shares to minorities                                       1         2
New loans raised                                                  741       117
Repayment of loans                                              (254)      (51)
Net cash inflow from financing                                    491        71
(Decrease)/increase in cash in the year - continuing             (59)       211
operations

Decrease in cash - PGSI                                             -      (19)
(Decrease)/increase in cash in the year - group                  (59)       192









South African Breweries plc
Second Six Months Profit and Loss Accounts (continuing operations)
For the period ended 31 March
                                                                2001       2000
                                                           Unaudited  Unaudited
                                                                US$m       US$m

Turnover (including share of associates' turnover)             2,078      2,199
Less: share of associates' turnover                            (273)      (340)

Group turnover                                                 1,805      1,859
Net operating costs                                          (1,465)    (1,496)

Group operating profit                                           340        363
Share of operating profit of associates                           26         51

Trading profit                                                   366        414
- pre exceptionals                                               366        416
- exceptional items                                                -        (2)

Profit on disposal of subsidiary                                   -         76

Profit on ordinary activities before interest and                366        490
taxation

Net interest payable                                            (30)       (18)
Group                                                           (23)       (10)
Associates                                                       (7)        (8)

Profit on ordinary activities before taxation                    336        472
Taxation on profit on ordinary activities                      (100)      (110)
- pre exceptionals                                             (100)      (102)
-exceptional item                                                  -          8

Profit on ordinary activities after taxation                     236        362
Equity minority interests                                       (54)       (55)

Profit for the financial period - continuing operations          182        307
Profit for the financial period - PGSI                             -       (10)
Profit for the financial period - group                          182        297









South African Breweries plc
Second Six Months Cash Flow Statements (continuing operations)
For the period ended 31 March
                                                                2001       2000
                                                           Unaudited  Unaudited
                                                                US$m       US$m

Net cash inflow from operating activities                        399        411

Dividends received from associates                                12         12

Returns on investments and servicing of finance
Interest received                                                 17         26
Interest paid                                                   (46)       (41)
Interest element of finance lease rental payments                (2)        (3)
Dividends received  from  investments                              1          1
Dividends paid to minority interests                            (27)       (14)
Net cash outflow from returns on investments
and servicing of finance                                        (57)       (31)

Taxation                                                        (73)       (75)

Capital expenditure and financial investments
Purchase of tangible fixed assets                              (155)      (204)
Sale of tangible fixed assets                                     10         13
Purchase of investments                                          (9)      (570)
Sale of investments                                               18        (4)
Net cash outflow for capital expenditure
and  financial investments                                     (136)      (765)

Acquisitions and disposals
Purchase of subsidiary undertakings                              (4)      (110)
Sale of subsidiary undertakings                                    1        229
Net cash acquired with subsidiary undertakings                     -         23
Purchase of shares from minorities                             (404)        (6)
Net purchase of associates                                      (25)        (3)
Net cash (outflow)/inflow for acquisitions and disposals       (432)        133

Dividends paid to ordinary shareholders                         (45)       (50)

Management of liquid resources
Sale of short-term liquid instruments                            137        457
Cash placed in short-term deposits                                 -       (28)
Net cash inflow from management of liquid resources              137        429

Financing
Issue of shares                                                    2          3
Issue of shares to minorities                                      1          1
New loans raised                                                 333       (15)
Repayment of loans                                              (30)          1
Net cash inflow/(outflow) from financing                         306       (10)

Increase in cash in the period - continuing operations           111         54
Decrease in cash - PGSI                                            -       (28)
Increase in cash in the period - group                           111         26