Anglo American plc notification: AngloGold Ashanti results for the 6 months ended 30 June 2006
27 July, 2006
Anglo American wishes to draw attention to AngloGold Ashanti's announcement of their interim results for the six months ended 30 June 2006.
Anglo American will report underlying earnings in respect of AngloGold Ashanti of US$102 million for the six months ended 30 June 2006, which takes into account certain adjustments and reflects the change in ownership percentage on 20 April 2006.
| AngloGold Ashanti Limited | $m |
|---|---|
| IFRS adjusted headline earnings | 226 |
| Exploration | 15 |
| Depreciation on assets fair valued on acquisition | (16) |
| Tax on depreciation of assets fair valued on acquisition | 5 |
| Minorities' share of profit during Subsidiary period up to 20 April 2006 | (69) |
| Share of earnings not attributable to Anglo American plc's 41.8% shareholding from 20 April 2006 | (59) |
| Contribution to Anglo American plc underlying earnings | 102 |
Anglo American will report results for the six months ended 30 June 2006
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 performance earnings, 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.