27 July 2006
Anglo American plc notification: Highveld Steel and Vanadium interim results 2006
Anglo American wishes to draw attention to Highveld Steel and Vanadium's announcement
of their interim results for the period ended 30 June 2006.
Anglo American will report underlying earnings in respect of Highveld of US$48
million for the period ended 30 June 2006, which takes into account certain
adjustments.
| Highveld Steel and Vanadium
Corporation Limited |
$m |
| IFRS headline earnings (US dollar equivalent
of published) |
64 |
| Other adjustments |
(3) |
| |
61 |
| Minority interest |
(13) |
| Contribution to Anglo American plc underlying
earnings |
48 |
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.
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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