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REG - Anglo American PLC - Anglo Platinum Results

Released: 08/02/2010

 
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RNS Number : 7913G
Anglo American PLC
08 February 2010 
 
 News Release                                                        
 8 February 2010                                                     
 Anglo American plc notification: Anglo Platinum final results 2009  
                                                                     
 
 
Anglo Platinum final results 2009 
 
Anglo American wishes to draw attention to Anglo Platinum Limited's announcement of their final results for the year ended
31 December 2009. 
 
Anglo American will report underlying earnings in respect of Platinum of $44 million for the year ended 31 December 2009,
which takes into account certain adjustments. 
 
                                                                 $m    
                                                                       
 IFRS headline earnings (US dollar equivalent of published)      84    
 Exploration                                                     17    
 Operating and financing remeasurements (net of tax)             27    
 Restructuring costs included in headline earnings (net of tax)  27    
 Other adjustments                                               2     
                                                                 157   
                                                                       
 Minority interests                                              (31)  
 Elimination of intercompany interest                            47    
 Depreciation of assets fair valued on acquisition (net of tax)  (83)  
 Corporate allocation                                            (46)  
                                                                       
 Contribution to Anglo American plc underlying earnings          44    
 
 
Depreciation of assets fair valued on acquisition (net of tax) 
 
(83) 
 
Corporate allocation 
 
(46) 
 
Contribution to Anglo American plc underlying earnings 
 
44 
 
# 
 
# 
 
Anglo American will report results for the year ended 31 December 2009 on 19 February 2010.  The above figures are
unaudited. 
 
Underlying Earnings 
 
Underlying Earnings is net profit attributable to equity shareholders, adjusted for the effect of special items and
remeasurements, and any related tax and minority interests. Special items include those items of financial performance
which the Group believes should be excluded from underlying financial performance, and principally relate to impairment and
significant closure costs, exceptional legal provisions and profit or loss on disposals. Remeasurements include adjustments
to ensure that the unrealised gains or losses on non-hedge derivative instruments are recorded in underlying earnings in
the same period as the underlying transaction against which these instruments provide an economic, but not formally
designated, hedge as well as foreign exchange impacts arising on certain deferred tax balances. 
 
This information is provided by RNS
The company news service from the London Stock Exchange 
 

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