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.