26 July 2010
Anglo American plc notification: Anglo Platinum interim results 2010
Anglo American wishes to draw attention to Anglo Platinum Limited’s announcement of its interim results for the six months ended 30 June 2010.
Anglo American will report underlying earnings in respect of
Anglo Platinum Limited of US$222 million for the six months ended
30 June 2010, which takes into account certain adjustments.
|
$m |
| IFRS headline earnings (US dollar
equivalent of published) |
340 |
| Exploration |
4 |
| Operating and financing remeasurements
(net of tax) |
(17) |
| Restructuring costs included in headline
earnings (net of tax) |
11 |
| Other adjustments |
(3) |
|
335 |
|
|
| Non-controlling interests |
(68) |
| Elimination of inter-company
interest |
26 |
| Depreciation of assets fair valued on
acquisition (net of tax) |
(47) |
| Corporate allocation |
(24) |
|
|
| Contribution to Anglo American plc
underlying earnings |
222 |
Anglo American will report results for the six months ended 30
June 2010 on 30 July 2010. 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 non-controlling 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 as well as foreign
exchange impacts arising on certain deferred tax balances.
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