(Answered) Question sabmiller plc was formed when us-based miller

Accounting

Question: SABMiller PLC was formed when U.S.-based Miller Brewing Company merged with South African Breweries in 2002. SABMiller uses IFRS in preparing its financial statements. The following is taken from the March 31, 2010, consolidated balance sheet of SABMiller PLC:

Equity	2010 USSm	2009 USSm
Share capital ..........................................................	165	159
Share premium .......................................................	6,312	6,198
Merger relief reserve ..............................................	4,586	3,395
Other reserves .......................................................	1,322	(872)
Retained earnings ...................................................	7.525	6,496
Total shareholders' equity ....................................	19,910	15,376
Mmonty interests in equity ..................................	689	741
Total equity..........................................................	20,599	16 117

Required: Describe the content of each of the line items presented using accounting terminology commonly used in the United States.

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