Anglo American plc notification: AngloGold Ashanti results for the year ended 31 December 2006
13 February, 2007
Anglo American wishes to draw attention to AngloGold Ashanti's announcement of their year end results for the year ended 31 December 2006.
Anglo American will report underlying earnings in respect of AngloGold Ashanti of US$178 million for the year ended 31 December 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 | 413 |
| Exploration | 16 |
| EPC amortisation | (26) |
| Deferred tax on EPC | 8 |
| Other | 10 |
| Minorities' share of profit during Subsidiary period up to 20 April 2006 | (69) |
| Share of earnings not attributable to Anglo American plc's 41.7% shareholding from 20 April 2006 | (174) |
| Contribution to Anglo American plc underlying earnings | 178 |
Anglo American will report results for the year ended 31 December 2006 on 21 February 2007
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.