Anglo American plc notification: Kumba Resources Limited's interim results 2006
02 August, 2006
Anglo American wishes to draw attention to Kumba's announcement of their interim results for the period ended 30 June 2006.
Anglo American will report underlying earnings in respect of Kumba of US$147 million for the period ended 30 June 2006, which takes into account certain adjustments.
| Kumba Resources Limited | $m |
|---|---|
| IFRS headline earnings (US$ equivalent of published) | 247 |
| Exchange rate adjustment | (14) |
| Depreciation on assets fair valued on acquisition (net of tax) | (8) |
| Exploration | 6 |
| Other adjustments | (7) |
| 224 | |
| Minority interest | (77) |
| Contribution to Anglo American plc underlying earnings | 147 |
Anglo American will report interim results for the period ended 30 June 2006 on 4 August 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 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.