10 February 2006
AngloGold Ashanti Annual Results 2005
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.
Anglo American plc
20 Carlton House Terrace London SW1Y 5AN United Kingdom
Tel: +44 (0)20 7968 8888 Fax: +44 (0)20 7968 8500
www.angloamerican.co.uk
Registered office as above. Incorporated in England and Wales under the Companies Act 1985. Registered Number 3564138
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