Form
20-F
|
X
|
Form
40-F
|
Yes
|
No
|
X
|
|
AstraZeneca
PLC
|
|
INDEX
TO
EXHIBITS
|
1.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 2 April
2007.
|
2.
|
Press
release
entitled, “Dealing by Directors Companies Act 1985 Sections
324/329
|
Transaction
by
Persons Discharging Managerial Responsibilities Disclosure Rules
DR
3.1.2R”, dated 2 April 2007.
|
|
3.
|
Press
release
entitled, “Dealing by Directors Companies Act 1985 Sections
324/329
|
Transaction
by
Persons Discharging Managerial Responsibilities Disclosure Rules
DR
3.1.2R”, dated 2 April 2007.
|
|
4.
|
Press
release
entitled, “Transaction by Persons Discharging Managerial Responsibilities
Disclosure Rules DR 3.1.2R”, dated 2 April 2007.
|
5.
|
Press
release
entitled, “Transaction by Persons Discharging Managerial Responsibilities
Disclosure Rules DR 3.1.2R”, dated 2 April 2007.
|
6.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 3 April
2007.
|
7.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 4 April
2007.
|
8.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 5 April
2007.
|
9.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 10 April
2007.
|
10.
|
Press
release
entitled, “TR-1: Notification of Major Interests in Shares”, dated 10
April 2007.
|
11.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 11 April
2007.
|
12.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 12 April
2007.
|
13.
|
Press
release
entitled, “Directorate Change”, dated 12 April 2007.
|
14.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 13 April
2007.
|
15.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 16 April
2007.
|
16.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 17 April
2007.
|
17.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 18 April
2007.
|
18.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC” dated 19 April
2007.
|
19.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC” dated 20 April
2007.
|
20.
|
Press
release
entitled, “AstraZeneca PLC First Quarter Results 2007” (front half), dated
23 April 2007.
|
21.
|
Press
release
entitled, “AstraZeneca PLC First Quarter Results 2007 Consolidated Income
Statement” (back half), dated 23 April 2007.
|
22.
|
Press
release
entitled, “AstraZeneca announces decision to discontinue collaboration
with AtheroGenics regarding AGI-1067”, dated 23 April
2007.
|
23.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 23 April
2007.
|
24.
|
Press
release
entitled, “AstraZeneca to acquire MedImmune for $58 per share in a fully
recommended, all-cash transaction with a total enterprise value
of $15.2
billion”, dated 23 April 2007.
|
25.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 24 April
2007.
|
26.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 25 April
2007.
|
27.
|
Press
release
entitled, “Transaction by Person Discharging Managerial Responsibilities
Disclosure Rules 3.1.2R”, dated 25 April 2007.
|
28.
|
Press
release
entitled, “AstraZeneca PLC Annual General Meeting:
|
26
April
2007”, dated 26 April 2007.
|
|
29.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 26 April
2007.
|
30.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 27 April
2007.
|
31.
|
Press
release
entitled, “Repurchase of Shares in AstraZeneca PLC”, dated 30 April
2007.
|
AstraZeneca
PLC
|
||||||
Date:
|
02
May
2007
|
By:
|
/s/
Justin W. Hoskins
|
|||
Name:
|
Justin
W.
Hoskins
|
|||||
Title:
|
Assistant
Secretary
|
Name
of
Director
|
Number
of
shares over
which option is granted |
Exercise
price
per share
|
Period
when
exercisable
|
Total
number
of
shares under option |
D
R
Brennan
|
128,462
|
2744p
|
30.3.10-29.3.17
|
See
below
|
J
R
Symonds
|
60,349
|
2744p
|
30.3.10-29.3.17
|
423,769
|
J
S
Patterson
|
44,142
|
2744p
|
30.3.10-29.3.17
|
236,716
|
Name
of
Director
|
Target
number
of shares awarded |
Award
price
per share
|
Normal
vesting
date
|
Total
interest
in
shares after this award |
Percentage
of
shares in issue |
D
R
Brennan
|
107,051
|
2744p
|
30
March
2007
|
See
below
|
See
below
|
J
R
Symonds
|
50,291
|
2744p
|
30
March
2007
|
165,212
|
0.010%
|
J
S
Patterson
|
36,785
|
2744p
|
30
March
2007
|
131,287
|
0.009%
|
Name
of
individual
|
Number
of
shares over
which option is granted |
Exercise
price
per share
|
Period
when
exercisable
|
B
Angelici
|
32,887
|
2744p
|
30.3.10-29.3.17
|
A
P
Bloxham
|
18,122
|
2744p
|
30.3.10-29.3.17
|
J
Lundberg
|
22,659
|
2744p
|
30.3.10-29.3.17
|
M
Nicklasson
|
29,268
|
2744p
|
30.3.10-29.3.17
|
D
Smith
|
21,865
|
2744p
|
30.3.10-29.3.17
|
A
Zook
|
54,423
|
US$53.80
|
30.3.10-29.3.17
|
Name
of
individual
|
Target
number
of shares awarded
|
Award
price
per share
|
Normal
vesting
date
|
B
Angelici
|
24,665
|
2744p
|
30
March
2010
|
A
P
Bloxham
|
13,591
|
2744p
|
30
March
2010
|
J
Lundberg
|
16,994
|
2744p
|
30
March
2010
|
M
Nicklasson
|
21,951
|
2744p
|
30
March
2010
|
D
Smith
|
16,399
|
2744p
|
30
March
2010
|
A
Zook
|
40,817
|
US$53.80
|
30
March
2010
|
1.
|
Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
AstraZeneca
PLC
|
|
2.
|
Reason
for the notification (place
an X
inside the appropriate bracket/s)
|
|
An acquisition or disposal of voting rights: ( X ) |
An
acquisition
or disposal of financial instruments which may result in the acquisition
of shares already issued to which voting rights are attached: (
)
|
|
An
event
changing the breakdown of voting rights: (
)
|
|
Other
(please
specify) : (
)
|
|
3.
|
Full
name of person(s) subject to the notification
obligation:
|
Capital
Group
International, Inc.
|
|
4.
|
Full
name of shareholder(s) (if
different
from 3.) :
|
……………..
|
|
5.
|
Date
of the transaction (and date on which the threshold is crossed
or reached
if different):
|
2
April
2007
|
|
6.
|
Date
on which issuer notified:
|
3
April
2007
|
|
7.
|
Threshold(s)
that is/are crossed or reached:
|
5%
|
|
|
|
8.
|
Notified
details:
|
……………..
|
|
A:
|
Voting
rights attached to shares
|
Class/type
of shares if
possible
using the ISIN CODE
|
Situation
previous to the Triggering transaction
|
|
Number
of shares
|
Number
of voting Rights
|
|
Ordinary
Shares
|
53,224,200
|
53,224,200
|
American
Depositary Receipt
|
22,423,094
|
22,423,094
|
Class/type
of shares if
possible
using the ISIN CODE
|
Number
of shares
|
Number
of voting rights
|
%
of
voting rights
|
|||
Direct
|
Indirect
|
Direct
|
Indirect
|
Direct
|
Indirect
|
|
Ordinary
Shares
|
|
52,948,266
|
|
52,948,266
|
|
3.4856%
|
American
Depositary Receipt
|
22,438,544
|
22,438,544
|
1.4771%
|
Type
of financial instrument
|
Expiration
Date
|
Exercise/Conversion
Period/ Date
|
Number
of voting rights that
may be acquired if the instrument is exercised/ converted. |
%
of
voting rights
|
N/A
|
|
|
|
|
Number
of voting rights
|
%
of
voting rights
|
75,386,810
|
4.9627%
|
9. | Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
…………….. | |
Proxy Voting: | |
10.
|
Name
of the proxy holder:
|
……………..
|
|
11.
|
Number
of voting rights proxy holder will cease to
hold:
|
……………..
|
|
12.
|
Date
on which proxy holder will cease to hold voting
rights:
|
……………..
|
|
13.
|
Additional
information:
|
Commencing
20
January 2007, The Capital Group Companies, Inc., no longer reports
ownership of securities. Capital Group International, Inc. and
Capital
Research and Management Company now report relevant holdings separately
for the purposes of the new DTR Handbook.
|
|
14.
|
Contact
name:
|
Justin
Hoskins
- Assistant Secretary
|
|
15.
|
Contact
telephone number:
|
020
7304
5112
|
Financial Highlights |
Group
|
1st
Quarter
2007
$m
|
1st
Quarter
2006
$m
|
Actual
%
|
CER
%
|
Sales
|
6,966
|
6,180
|
+13
|
+9
|
Operating
Profit
|
2,170
|
1,976
|
+10
|
+10
|
Profit
before
Tax
|
2,267
|
2,044
|
+11
|
+11
|
Earnings
per
Share
|
$1.02*
|
$0.90
|
+13
|
+14
|
Adjusted
to exclude
|
||||
Toprol-XLTM
in
US**
|
||||
Sales
|
6,635
|
5,826
|
+14
|
+10
|
Earnings
per
Share
|
$0.89*
|
$0.79
|
+14
|
+14
|
· | Earnings per Share, before restructuring charges, were $1.06 ($0.93 adjusted to exclude Toprol-XL™). |
·
|
First
quarter
sales increased by 9 percent to $6,966 million and operating profit
increased by 10 percent to $2,170 million. Excluding the $82 million
charge to cost of sales associated with the previously announced
supply
chain productivity initiative, operating profit increased by 15
percent.
|
·
|
Combined
sales
of five key growth products (Nexium™,
Seroquel™, Crestor™,
Arimidex™
and
Symbicort™)
increased
by
17 percent to $3,614 million.
|
·
|
Free
cash flow
of $1,907 million in the first quarter. Cash distributions to
shareholders, including net share repurchases of $1,151 million,
totalled
$3,029 million in the quarter.
|
·
|
The
Company
expects to launch Symbicort™
in the US
around the middle of this year.
|
·
|
On
25 March at
the Scientific Sessions of the American College of Cardiology,
data from
the METEOR trial of Crestor™
was
presented, demonstrating that Crestor™
treatment
slowed progression of atherosclerosis in people with early signs
of
carotid artery disease and at low risk of coronary artery disease.
|
·
|
As
previously
announced, the ARISE trial did not meet its primary endpoint. After
completion of the final study analysis, and under the terms of
the
licensing and collaboration agreement, the Company has confirmed
to
AtheroGenics Inc. that it has decided to terminate the licensing
and
collaboration agreement. Charges totalling $83 million have been
taken in
conjunction with this decision.
|
·
|
On
23 April,
the Company announced it is to acquire MedImmune, Inc. for $58
per share
in an all cash transaction with a total enterprise value of $15.2
billion.
|
Media
Enquiries:
|
Steve
Brown/Edel McCaffrey (London)
|
(020)
7304
5033/5034
|
Staffan
Ternby
(Södertälje)
|
(8)
553
26107
|
|
Emily
Denney
(Wilmington)
|
(302)
886
3451
|
|
Analyst/Investor
Enquiries:
|
Mina
Blair
(London)/Karl Hard (London)
|
(020)
7304
5084/5322
|
Jonathan
Hunt
(London)
|
(020)
7304
5087
|
|
Staffan
Ternby
(Södertälje)
|
(8)
553
26107
|
|
Ed
Seage/Jörgen Winroth (US)
|
(302)
886
4065/(212) 579 0506
|
AstraZeneca
PLC
|
AstraZeneca
PLC
|
AstraZeneca
PLC
|
Sales |
First
Quarter
|
CER
%
|
||
2007
|
2006
|
||
Nexium™
|
1,308
|
1,189
|
+8
|
Losec™/
Prilosec™
|
279
|
344
|
-22
|
Total
|
1,607
|
1,551
|
+1
|
·
|
In
the US,
Nexium™
sales in the
first quarter were $862 million, a 9 percent increase that was
broadly in
line with the increase in dispensed tablet volume. Realised prices
were
broadly unchanged. In contrast, other branded PPI’s declined by 1 percent
in volume terms.
|
·
|
Nexium™
sales in
other markets increased 5 percent, as a 28 percent increase in
Emerging
Markets helped mitigate the significant price erosion and declining
volumes in Germany.
|
·
|
Prilosec™
sales in the
US were down 2 percent in the first quarter. Losec™
sales in
other markets were down 26 percent on declining sales in Canada
and
Western Europe.
|
First
Quarter
|
CER
%
|
||
2007
|
2006
|
||
Seloken™
/
Toprol-XL™
|
444
|
456
|
-4
|
Crestor™
|
628
|
387
|
+59
|
Atacand™
|
296
|
254
|
+11
|
Plendil™
|
65
|
72
|
-14
|
Zestril™
|
80
|
75
|
+1
|
Total
|
1,653
|
1,390
|
+16
|
· | In the US, Crestor™ sales in the first quarter were $343 million, a 56 percent increase over last year. Total prescriptions in the US statin market increased by 11 percent in the first quarter; Crestor™ prescriptions were up 46 percent. Crestor™ share of total prescriptions in the US statin market was 8.8 percent in March 2007. |
· | Crestor™ sales in other markets were up 62 percent to $285 million. Sales in Western Europe were up 46 percent; sales in Emerging Markets increased by 88 percent. Volume share of the statin market for Crestor™ is now 18.5 percent in Canada; 11.6 percent in the Netherlands; 20.2 percent in Italy; and 13.6 percent in France. |
· | Data from the METEOR clinical trial were presented at the American College of Cardiology meeting on 25 March. This is the first study to show positive benefit on atherosclerosis for people with early signs of diseased arteries. The data show that Crestor™ treatment slowed the progression of atherosclerosis in people at low risk of coronary artery disease. Atherosclerosis regulatory submissions are under review in the European Union and the United States. |
· | US sales of the Toprol-XL™ product range, which includes sales of the authorised generic to Par, were $331 million, down 7 percent compared to the first quarter last year. Generic competition was confined to the 25mg dose during the quarter; these generic products accounted for 20 percent of dispensed prescriptions across the entire product range. |
· | Sales of Seloken™ in other markets were up 6 percent as a result of an 11 percent increase in Emerging Markets. |
· | Atacand™ sales in the US were up 12 percent; sales in other markets were up 11 percent. |
AstraZeneca
PLC
|
First
Quarter
|
CER
%
|
||
2007
|
2006
|
||
Pulmicort™
|
401
|
328
|
+20
|
Symbicort™
|
354
|
277
|
+19
|
Rhinocort™
|
92
|
85
|
+6
|
Oxis™
|
23
|
22
|
-5
|
Accolate™
|
19
|
18
|
+6
|
Total
|
931
|
765
|
+17
|
· | Sales of Symbicort™ increased 19 percent to $354 million as a result of share gains in a growing market. Sales in Western Europe were up 18 percent and sales in Emerging Markets were up 28 percent in the first quarter. |
· | The Company expects to launch Symbicort™ in the US for the maintenance treatment of asthma in patients aged 12 and above around the middle of this year. |
· | Pulmicort™ sales in the US were up 29 percent in the first quarter, to $270 million. Volume growth for Pulmicort™ Respules™ in the US was 16 percent. US sales in the first quarter also included initial stocking sales for the new Pulmicort™ Flexhaler™ dry powder inhaler. The introduction of Pulmicort™ Flexhaler™ will be accompanied by the phasing out of Pulmicort™ Turbuhaler™ in the US as supplies run down in the market. |
· | Pulmicort™ sales in other markets were up 4 percent as a result of sales growth in Japan and China. |
First
Quarter
|
CER
%
|
||
2007
|
2006
|
||
Arimidex™
|
401
|
335
|
+15
|
Casodex™
|
310
|
274
|
+9
|
Zoladex™
|
249
|
231
|
+4
|
Iressa™
|
52
|
50
|
+4
|
Faslodex™
|
49
|
44
|
+7
|
Nolvadex™
|
19
|
21
|
-10
|
Total
|
1,096
|
958
|
+11
|
· | In the US, sales of Arimidex™ were up 27 percent in the first quarter, to $162 million. Total prescriptions for Arimidex™ increased 11 percent over the first quarter last year, and Arimidex™ market share of total prescriptions reached 37.8 percent in March. The reported sales growth rate benefited from some inventory destocking in the first quarter 2006. |
· | Arimidex™ sales in other markets were up 8 percent. Sales in Western Europe increased by 4 percent, as double-digit volume growth was offset by lower prices. Sales in Japan were up 19 percent. |
· | US sales of Casodex™ were up 11 percent in the first quarter. Sales in other markets were up 9 percent, on a 10 percent increase in Western Europe and a 17 percent sales increase in Japan. |
· | Iressa™ sales were up 4 percent to $52 million. Sales in Japan were up 14 percent and sales increased 50 percent in China. |
· | The 7 percent sales increase for Faslodex™ in the quarter was a result of the 16 percent increase in sales outside the US. US sales were unchanged in the quarter as a small increase in volume was offset by inventory movements and movements in returns reserves. |
AstraZeneca
PLC
|
First
Quarter
|
CER
%
|
||
2007
|
2006
|
||
Seroquel™
|
923
|
807
|
+13
|
Zomig™
|
107
|
93
|
+11
|
Total
|
1,227
|
1,136
|
+6
|
·
|
In
the US,
Seroquel™
sales were up
11 percent to $655 million. Total prescriptions were up 12 percent
in the
first quarter, and Seroquel™
market share
of total prescriptions in the US antipsychotic market was 31 percent
in
March, up a further 0.5 percentage points from December 2006. Usage
in
bipolar disorder continues to increase, fuelled by the approval
for
bipolar depression late last year, although the dollar value per
prescription for bipolar depression is lower as a result of the
lower
doses prescribed for this
indication.
|
·
|
Seroquel™
sales in
other markets were up 17 percent, in line with sales growth rates
in
Western Europe and in Emerging
Markets.
|
·
|
In
March,
clinical trial data for Seroquel™
sustained
release formulation were presented at the European Congress of
Psychiatry
in Madrid. These data demonstrated that the Seroquel™
sustained
release formulation, administered once daily, significantly improved
symptoms associated with schizophrenia and increased the time to
psychiatric relapse, when administered through a three-step dose
titration
aimed at reaching the effective dose range on the second day of
treatment.
Regulatory filings for the treatment of schizophrenia with
Seroquel™
sustained
release formulation were submitted to authorities in the US, European
Union, and other markets in 2006.
|
·
|
Sales
of
Zomig™
in the first
quarter were up 18 percent in the US and were up 6 percent in other
markets.
|
First
Quarter
|
CER
%
|
||
2007
|
2006
|
||
North
America
|
3,488
|
3,132
|
+11
|
US
|
3,234
|
2,882
|
+12
|
Established
ROW*
|
2,664
|
2,355
|
+5
|
Emerging
ROW
|
814
|
693
|
+14
|
· | The sales increase in North America was driven by the 12 percent increase in sales in the US, with Crestor™, Seroquel™ and Nexium™ the three largest contributors to the increase. |
· | Sales in the Established Rest of World segment are in line with the 4 percent increase in Western Europe. Sales in Japan were up 12 percent compared with the first quarter last year, which experienced destocking ahead of the April price decreases. |
·
|
Within
the
Emerging Markets segment, sales in Emerging Europe were unchanged.
Sales
in China were up 25 percent.
|
AstraZeneca
PLC
|
Operating Review |
AstraZeneca
PLC
|
Productivity Initiatives |
AstraZeneca
PLC
|
Share Repurchase Programme |
R&D
Update
|
Calendar
|
26
July
2007
|
Announcement
of second quarter and half year 2007 results
|
1
November
2007
|
Announcement
of third quarter and nine months 2007 results
|
For
the
quarter
ended
31 March
|
2007 $m |
2006
$m |
|||||
Sales
|
6,966 |
6,180
|
|||||
Cost
of
sales
|
(1,486 | ) |
(1,251
|
)
|
|||
Distribution
costs
|
(61 | ) |
(54
|
)
|
|||
Research
and
development
|
(1,170 | ) |
(861
|
)
|
|||
Selling,
general and administrative costs
|
(2,217 | ) |
(2,115
|
)
|
|||
Other
operating income
|
138 |
77
|
|||||
Operating
profit
|
2,170 |
1,976
|
|||||
Finance
income
|
247 |
200
|
|||||
Finance
expense
|
(150 | ) |
(132
|
)
|
|||
Profit
before tax
|
2,267 |
2,044
|
|||||
Taxation
|
(703 | ) |
(620
|
)
|
|||
Profit
for the period
|
1,564 |
1,424
|
|||||
Attributable
to:
|
|||||||
Equity
holders
of the Company
|
1,560 |
1,425
|
|||||
Minority
interests
|
4 |
(1
|
)
|
||||
1,564 |
1,424
|
||||||
Basic
earnings
per $0.25 Ordinary Share
|
$1.02 |
$0.90
|
|||||
Diluted
earnings per $0.25 Ordinary Share
|
$1.02 |
$0.90
|
|||||
Weighted
average number of Ordinary Shares in issue (millions)
|
1,527 |
1,579
|
|||||
Diluted
average number of Ordinary Shares in issue (millions)
|
1,531 |
1,582
|
|
At
31
March
2007
$m
|
At
31
Dec
2006
$m
|
|||||
ASSETS
Non-current
assets
|
|||||||
Property,
plant and equipment
|
7,420
|
7,453
|
|||||
Intangible
assets, including goodwill
|
4,447
|
4,204
|
|||||
Other
investments
|
116
|
119
|
|||||
Deferred
tax
assets
|
1,296
|
1,220
|
|||||
13,279
|
12,996
|
||||||
Current
assets
|
|||||||
Inventories
|
2,294
|
2,250
|
|||||
Trade
and
other receivables
|
6,238
|
5,561
|
|||||
Other
investments
|
849
|
657
|
|||||
Income
tax
receivable
|
1,338
|
1,365
|
|||||
Cash
and cash
equivalents
|
5,567
|
7,103
|
|||||
16,286
|
16,936
|
||||||
Total
assets
|
29,565
|
29,932
|
|||||
LIABILITIES
Current
liabilities
|
|||||||
Interest
bearing loans and borrowings
|
(59
|
)
|
(136
|
)
|
|||
Trade
and
other payables
|
(7,012
|
)
|
(6,334
|
)
|
|||
Income
tax
payable
|
(3,278
|
)
|
(2,977
|
)
|
|||
(10,349
|
)
|
(9,447
|
)
|
||||
Non-current
liabilities
|
|||||||
Interest
bearing loans and borrowings
|
(1,087
|
)
|
(1,087
|
)
|
|||
Deferred
tax
liabilities
|
(1,695
|
)
|
(1,559
|
)
|
|||
Retirement
benefit obligations
|
(1,772
|
)
|
(1,842
|
)
|
|||
Provisions
|
(384
|
)
|
(327
|
)
|
|||
Other
payables
|
(256
|
)
|
(254
|
)
|
|||
(5,194
|
)
|
(5,069
|
)
|
||||
Total
liabilities
|
(15,543
|
)
|
(14,516
|
)
|
|||
Net
assets
|
14,022
|
15,416
|
|||||
EQUITY
|
|||||||
Capital
and reserves attributable to equity holders of the
Company
|
|||||||
Share
capital
|
378
|
383
|
|||||
Share
premium
account
|
1,704
|
1,671
|
|||||
Other
reserves
|
1,884
|
1,902
|
|||||
Retained
earnings
|
9,941
|
11,348
|
|||||
13,907
|
15,304
|
||||||
Minority
equity interests
|
115
|
112
|
|||||
Total
equity
|
14,022
|
15,416
|
For the quarter ended 31 March | 2006 $m |
2007 $m |
|||||
Cash
flows from operating activities
|
|||||||
Profit
before
taxation
|
2,267
|
2,044
|
|||||
Finance
income
and expense
|
(97
|
)
|
(68
|
)
|
|||
Depreciation,
amortisation and impairment
|
370
|
282
|
|||||
Increase
in
working capital
|
(61
|
)
|
(365
|
)
|
|||
Other
non-cash
movements
|
88
|
41
|
|||||
Cash
generated
from operations
|
2,567
|
1,934
|
|||||
Interest
paid
|
(2
|
)
|
(12
|
)
|
|||
Tax
paid
|
(378
|
)
|
(410
|
)
|
|||
Net
cash inflow from operating activities
|
2,187
|
1,512
|
|||||
Cash
flows from investing activities
|
|||||||
Acquisition
of
businesses*
|
(143
|
)
|
(203
|
)
|
|||
Movement
in
short term investments and fixed deposits*
|
(193
|
)
|
(1,524
|
)
|
|||
Purchase
of
property, plant and equipment
|
(222
|
)
|
(181
|
)
|
|||
Disposal
of
property, plant and equipment
|
13
|
12
|
|||||
Purchase
of
intangible assets
|
(183
|
)
|
(108
|
)
|
|||
Purchase
of
non-current asset investments
|
-
|
(14
|
)
|
||||
Disposal
of
non-current asset investments
|
-
|
54
|
|||||
Interest
received
|
113
|
65
|
|||||
Dividends
paid
by subsidiaries to minority interests
|
(1
|
)
|
(4
|
)
|
|||
Net
cash outflow from investing activities
|
(616
|
)
|
(1,903
|
)
|
|||
Net
cash inflow/(outflow) before financing
activities*
|
1,571
|
(391
|
)
|
||||
Cash
flows from financing activities
|
|||||||
Proceeds
from
issue of share capital
|
33
|
362
|
|||||
Repurchase
of
shares
|
(1,184
|
)
|
(564
|
)
|
|||
Dividends
paid
|
(1,878
|
)
|
(1,442
|
)
|
|||
Movement
in
short term borrowings
|
(10
|
)
|
2
|
||||
Net
cash outflow from financing activities
|
(3,039
|
)
|
(1,642
|
)
|
|||
Net
decrease in cash and cash equivalents in the
period
|
(1,468
|
)
|
(2,033
|
)
|
|||
Cash
and cash
equivalents at the beginning of the period
|
6,989
|
4,895
|
|||||
Exchange
rate
effects
|
(1
|
)
|
7
|
||||
Cash
and cash equivalents at the end of the period
|
5,520
|
2,869
|
|||||
Cash
and cash equivalents consists of:
|
|||||||
Cash
and cash
equivalents
|
5,567
|
2,954
|
|||||
Overdrafts
|
(47
|
)
|
(85
|
)
|
|||
5,520
|
2,869
|
Note:
Free
Cash Flow (*) of $1,907 million (2006: $1,336 million) is calculated
as;
net cash inflow/(outflow) before financing activities, adjusted for:
acquisition of businesses, movements in short term investments and
fixed
deposits.
|
Consolidated
Statement of Recognised Income and Expense
|
For the quarter ended 31 March | 2007 $m |
2006 $m |
|||||
Profit
for the
period
|
1,564
|
1,424
|
|||||
Foreign
exchange adjustments on consolidation
|
(22
|
)
|
87
|
||||
Available
for
sale (losses)/gains taken to equity
|
(2
|
)
|
18
|
||||
Actuarial
gains for the period
|
84
|
151
|
|||||
Tax
on items
taken directly to reserves
|
(16
|
)
|
(33
|
)
|
|||
44
|
223
|
||||||
Total
recognised income and expense for the period
|
1,608
|
1,647
|
|||||
Attributable
to:
|
|||||||
Equity
holders
of the Company
|
1,605
|
1,647
|
|||||
Minority
interests
|
3
|
-
|
|||||
1,608
|
1,647
|
1 | BASIS OF PREPARATION AND ACCOUNTING POLICIES |
2 |
NET
CASH FUNDS
|
At 1
Jan
flow $m |
|
|
$m |
|
|
Acquisitions
$m |
Non-cash movements $m |
movements $m |
At
31 March 2007 $m |
||||||||||
Loans
due
after 1 year
|
(1,087
|
)
|
-
|
-
|
-
|
-
|
(1,087
|
)
|
|||||||||||
Other
investments - current
|
657
|
193
|
-
|
(1
|
)
|
-
|
849
|
||||||||||||
Cash
and cash
equivalents
|
7,103
|
(1,535
|
)
|
-
|
-
|
(1
|
)
|
5,567
|
|||||||||||
Overdrafts
|
(114
|
)
|
67
|
-
|
-
|
-
|
(47
|
)
|
|||||||||||
Short
term
borrowings
|
(22
|
)
|
10
|
-
|
-
|
-
|
(12
|
)
|
|||||||||||
7,624
|
(1,265
|
)
|
-
|
(1
|
)
|
(1
|
)
|
6,357
|
|||||||||||
Net
funds
|
6,537
|
(1,265
|
)
|
-
|
(1
|
)
|
(1
|
)
|
5,270
|
3
|
LEGAL
PROCEEDINGS
AND
COMMITMENTS
|
%
Growth
|
|||||||||||||
1st
Quarter 2007 |
1st
Quarter
2006
$m
|
Actual |
Constant Currency |
||||||||||
US
|
3,234
|
2,882
|
12
|
12
|
|||||||||
Canada
|
254
|
250
|
2
|
2
|
|||||||||
North
America
|
3,488
|
3,132
|
11
|
11
|
|||||||||
Western
Europe
|
2,200
|
1,934
|
14
|
4
|
|||||||||
Japan
|
331
|
304
|
9
|
12
|
|||||||||
Other
Established ROW
|
133
|
117
|
14
|
7
|
|||||||||
Established
ROW*
|
2,664
|
2,355
|
13
|
5
|
|||||||||
Emerging
Europe
|
246
|
238
|
3
|
-
|
|||||||||
China
|
92
|
72
|
28
|
25
|
|||||||||
Emerging
Asia
Pacific
|
169
|
149
|
13
|
8
|
|||||||||
Other
Emerging
ROW
|
307
|
234
|
31
|
29
|
|||||||||
Emerging
ROW
|
814
|
693
|
17
|
14
|
|||||||||
Total
Sales
|
6,966
|
6,180
|
13
|
9
|
5
|
FIRST
QUARTER PRODUCT SALES ANALYSIS
|
World
|
US
|
||||||||||||||||||
|
1st
Quarter 2007 |
1st
Quarter 2006 |
Actual Growth % |
Constant
Currency Growth % |
Quarter 2007 |
Actual
Growth% |
|||||||||||||
Gastrointestinal: | |||||||||||||||||||
Nexium
|
1,308
|
1,189
|
10
|
8
|
862
|
9
|
|||||||||||||
Losec/Prilosec
|
279
|
344
|
(19
|
)
|
(22
|
)
|
54
|
(2
|
)
|
||||||||||
Others
|
20
|
18
|
11
|
6
|
7
|
-
|
|||||||||||||
Total
Gastrointestinal
|
1,607
|
1,551
|
4
|
1
|
923
|
9
|
|||||||||||||
Cardiovascular:
|
|||||||||||||||||||
Seloken/Toprol
|
444
|
456
|
(3
|
)
|
(4
|
)
|
331
|
(7
|
)
|
||||||||||
Crestor
|
628
|
387
|
62
|
59
|
343
|
56
|
|||||||||||||
Atacand
|
296
|
254
|
17
|
11
|
65
|
12
|
|||||||||||||
Tenormin
|
71
|
76
|
(7
|
)
|
(9
|
)
|
5
|
(29
|
)
|
||||||||||
Zestril
|
80
|
75
|
7
|
1
|
8
|
33
|
|||||||||||||
Plendil
|
65
|
72
|
(10
|
)
|
(14
|
)
|
7
|
17
|
|||||||||||
Others
|
69
|
70
|
(1
|
)
|
(7
|
)
|
1
|
-
|
|||||||||||
Total
Cardiovascular
|
1,653
|
1,390
|
19
|
16
|
760
|
17
|
|||||||||||||
Respiratory:
|
|||||||||||||||||||
Pulmicort
|
401
|
328
|
22
|
20
|
270
|
29
|
|||||||||||||
Symbicort
|
354
|
277
|
28
|
19
|
-
|
-
|
|||||||||||||
Rhinocort
|
92
|
85
|
8
|
6
|
63
|
3
|
|||||||||||||
Oxis
|
23
|
22
|
5
|
(5
|
)
|
-
|
-
|
||||||||||||
Accolate
|
19
|
18
|
6
|
6
|
14
|
17
|
|||||||||||||
Others
|
42
|
35
|
20
|
11
|
-
|
-
|
|||||||||||||
Total
Respiratory
|
931
|
765
|
22
|
17
|
347
|
23
|
|||||||||||||
Oncology:
|
|||||||||||||||||||
Arimidex
|
401
|
335
|
20
|
15
|
162
|
27
|
|||||||||||||
Casodex
|
310
|
274
|
13
|
9
|
73
|
11
|
|||||||||||||
Zoladex
|
249
|
231
|
8
|
4
|
22
|
(8
|
)
|
||||||||||||
Iressa
|
52
|
50
|
4
|
4
|
3
|
(25
|
)
|
||||||||||||
Others
|
84
|
68
|
24
|
21
|
39
|
50
|
|||||||||||||
Total
Oncology
|
1,096
|
958
|
14
|
11
|
299
|
21
|
|||||||||||||
Neuroscience:
|
|||||||||||||||||||
Seroquel
|
923
|
807
|
14
|
13
|
655
|
11
|
|||||||||||||
Local
anaesthetics
|
126
|
132
|
(5
|
)
|
(9
|
)
|
8
|
(67
|
)
|
||||||||||
Zomig
|
107
|
93
|
15
|
11
|
47
|
18
|
|||||||||||||
Diprivan
|
59
|
89
|
(34
|
)
|
(36
|
)
|
9
|
(74
|
)
|
||||||||||
Others
|
12
|
15
|
(20
|
)
|
(27
|
)
|
2
|
(50
|
)
|
||||||||||
Total
Neuroscience
|
1,227
|
1,136
|
8
|
6
|
721
|
4
|
|||||||||||||
Infection
and
Other:
|
|||||||||||||||||||
Merrem
|
178
|
141
|
26
|
21
|
35
|
21
|
|||||||||||||
Other
Products
|
74
|
68
|
9
|
3
|
38
|
15
|
|||||||||||||
Total
Infection and Other
|
252
|
209
|
21
|
15
|
73
|
18
|
|||||||||||||
Aptium
Oncology
|
98
|
88
|
11
|
11
|
98
|
11
|
|||||||||||||
Astra
Tech
|
102
|
83
|
23
|
13
|
13
|
44
|
|||||||||||||
Total
|
6,966
|
6,180
|
13
|
9
|
3,234
|
12
|
ANNOUNCEMENTS AND MEETINGS |
Annual
General
Meeting
|
26
April
2007
|
Announcement
of second quarter and half year 2007 results
|
26
July
2007
|
Announcement
of third quarter and nine months 2007 results
|
1
November
2007
|
DIVIDENDS |
Future dividends will normally be paid as follows: | |
First
interim
|
Announced
in
July and paid in September
|
Second
interim
|
Announced
in
January/February and paid in March
|
TRADEMARKS |
ADDRESSES FOR CORRESPONDENCE |
Registrar
and
Transfer
Office
The
AstraZeneca Registrar
Lloyds
TSB
Registrars
The
Causeway
Worthing
West
Sussex
BN99
6DA
UK
Tel
(freephone
in UK):
0800
389
1580
Tel
(outside
UK):
+44
(0)121 415
7033
|
Depositary
for
ADRs
JPMorgan
Chase
Bank
JPMorgan
Service Center
PO
Box
3408
South
Hackensack
NJ
07606-3408
US
Tel
(toll free
in US):
888
697
8018
Tel:
+1 (201)
680 6630
|
Registered
Office
15
Stanhope
Gate
London
W1K
1LN
UK
Tel:
+44 (0)20
7304 5000
|
Swedish
Securities Registration Centre
VPC
AB
PO
Box
7822
SE-103
97
Stockholm
Sweden
Tel:
+46 (0)8
402 9000
|
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS |
23rd April 2007 |
· |
Expands
and
diversifies AstraZeneca’s science base by
establishing an international platform capable of delivering a
greater
flow of new medicines in AstraZeneca’s prioritised disease areas,
embracing small molecules, monoclonal antibodies, next generation
biologics and vaccines
|
· |
Natural
fit
between CAT and MedImmune
|
· |
Complementary
with existing AstraZeneca therapeutic area strengths in Oncology,
Infection and Respiratory &
Inflammation
|
· |
Provides
entry
into vaccines; through proprietary live attenuated vaccines
capability
|
· |
Brings
significant regulatory experience in making Biologics License
Applications
|
· |
Enhanced
biologics capability positions AstraZeneca as a more compelling
licensing
partner, improving AstraZeneca’s externalisation
position
|
· |
MedImmune
is a
leader in protein engineering and biologics manufacturing, with
a
production capacity of over 30,000L planned by 2010 and world leading
cell
line productivity levels. Through further modest investment, capacity
could be increased to over 60,000L. This would secure production
requirements for the long-term and avoid the need for major near-term
‘green-field’ manufacturing investment by AstraZeneca to support its
biologics strategy
|
· |
Adds
2
late-stage assets: the next generation follow-on to ‘Synagis’,
‘Numax’ and refrigerated formulation ‘FluMist’ with an anticipated US
launch for 2007-2008 influenza season
|
· |
Increases
the
proportion of biologics in AstraZeneca’s pipeline from 7 percent to 27
percent and enlarges the total pipeline by 45 projects to 163
projects
|
· |
Diversifies
and expands R&D capability to deliver a greater flow of new biologic
products
|
· |
Synergies
from
the acquisition of MedImmune and from related AstraZeneca activities
are
expected to be towards $500m per annum by
2009
|
· |
The
acquisition is expected to be cash earnings enhancing in
2009
|
· |
The
acquisition will be fully funded in cash, bringing improved financial
efficiency through balance sheet leverage. Previously announced
$4bn share
buyback programme for 2007 unchanged
|
· |
Addition
of
attractive marketed products including ‘Synagis’ and ‘FluMist’ to
AstraZeneca’s portfolio adds $1.2bn in sales. Consensus sales growth for
this portfolio is forecast at 12% CAGR to
2010
|
· |
Provides
AstraZeneca with several other substantial assets, including a
royalty
stream on the sales of the HPV vaccines with estimated consensus
peak
sales of $5.5bn, potential milestones and royalties on MedImmune’s other
licensed products and $1.5bn cash, including $89.4m relating to
MedImmune
Ventures investments at book value
|
· |
Strong
desire
to retain employees and maintain culture, with emphasis on retaining
key
talent and critical skills
|
· |
One-time
retention grant for employees
|
· |
David
M. Mott,
the Chief Executive Officer and President of MedImmune, and James
F.
Young, Ph.D., the President, Research and Development of MedImmune,
have
committed to remain with MedImmune and it is expected that other
members
of MedImmune’s senior management will stay with the company following the
closing
|
· |
David
M. Mott
will take a leadership role within
AstraZeneca
|
AstraZeneca
|
|
Media
Enquiries:
|
|
Steve
Brown /
Edel McCaffrey (London)
|
(020)
7304
5033/5034
|
Staffan
Ternby
(Sweden)
|
(8)
553
26107
|
Emily
Denney
(Wilmington)
|
(302)
885
3451
|
Analyst/Investor
Enquiries:
|
|
Jonathan
Hunt
/ Mina Blair / Karl Hård (London)
|
(020)
7304
5087/5084/5322
|
Staffan
Ternby
(Sweden)
|
(8)
553
26107
|
Ed
Seage /
Jorgen Winroth (US)
|
(302)
886
4065/(212) 579 0506
|
Merrill
Lynch (Financial Adviser to AstraZeneca)
|
+44
(0) 20
7628 1000
|
Richard
Girling
|
|
Deutsche
Bank (Joint Corporate Broker to AstraZeneca)
|
+44
(0) 20
7545 8000
|
Charlie
Foreman
|
|
Goldman
Sachs (Joint Corporate Broker to AstraZeneca)
|
+44
(0) 20
7774 1000
|
Phil
Raper
|
|
MedImmune
|
|
Media
Enquiries:
|
|
Lori
Weiman
|
240-372-4829
|
Jamie
Lacey
|
301-398-4035
|
Analyst/Investor
Enquiries:
|
|
Pete
Vozzo
|
301-398-4358
|
UK
freephone
|
0800
559
3272
|
US
freephone
|
+1
886 239
0753
|
Sweden
freephone
|
0200
887
737
|
International
|
+44
(0)207 138
0815
|
Journalists
are invited to listen only on
|
+44
(0)207 138
0810
|
UK
freephone
|
0800
559
3271
|
US
freephone
|
+1
866 239
0765
|
Sweden
freephone
|
0200
887
740
|
International
|
+44
(0)207 806
1970
|
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