AngloGold Ashanti Annual Results 2005
10 February, 2006
Anglo American wishes to draw attention to AngloGold Ashanti's announcement of their annual results for the year ended 31 December 2005.
Anglo American will report underlying earnings in respect of AngloGold Ashanti of US$105 million for the year ended 31 December 2005, which takes into account certain adjustments.
| AngloGold Ashanti Limited | $m |
|---|---|
| IFRS adjusted headline earnings (published) | 200 |
| Exploration | 45 |
| Other adjustments | 1 |
| 246 | |
| Minority interest | (121) |
| Depreciation on assets fair valued on acquisition (net of tax) | (20) |
| Contribution to Anglo American plc underlying earnings | 105 |
Anglo American will report annual results for the year ended 31 December 2005 on 22 February 2006.
The above figures are unaudited.
Underlying Earnings
In previous reporting periods the Group has reported Headline Earnings as its
primary earnings measure, using the definition of Headline Earnings which
is required to be disclosed by the Johannesburg Stock Exchange Limited ('JSE
Ltd'), consistent with that given by the Institute of Investment Management
and Research ('IIMR').[1]
Following the adoption of International Financial Reporting Standards, as well as consideration of other restrictions of the definition, the Group believes that an alternative measure would provide a clearer picture of the underlying performance of the Group.
[1]Statement of Investment Practice No. 1, September 1993.