Anglo Platinum Results

RNS Number : 7913G

Anglo American PLC

08 February 2010

 



News Release

8 February 2010

Anglo American plc notification: Anglo Platinum final results 2009

Anglo American wishes to draw attention to Anglo Platinum Limited's announcement of their final results for the year ended 31 December 2009.

Anglo American will report underlying earnings in respect of Platinum of $44 million for the year ended 31 December 2009, which takes into account certain adjustments.

	$m
IFRS headline earnings (US dollar equivalent of published)	84
Exploration	17
Operating and financing remeasurements (net of tax)	27
Restructuring costs included in headline earnings (net of tax)	27
Other adjustments	2
	157
Minority interests	(31)
Elimination of intercompany interest	47
Depreciation of assets fair valued on acquisition (net of tax)	(83)
Corporate allocation	(46)
Contribution to Anglo American plc underlying earnings	44

Anglo American will report results for the year ended 31 December 2009 on 19 February 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 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 as well as foreign exchange impacts arising on certain deferred tax balances.

 

END

 

 

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