Anglo American PLC
14 February 2008
News Release
14 February 2008
Anglo American plc notification:
Kumba Iron Ore Limited results 2007
Anglo American wishes to draw attention to Kumba Iron Ore Limited's announcement
of their results for the year ended 31 December 2007.
Anglo American will report underlying earnings in respect of Kumba Iron Ore
Limited of US$274 million for the year ended 31 December 2007, which takes into
account certain adjustments.
Kumba Iron Ore Limited
$m
IFRS headline earnings (US dollar equivalent of published) 434
Other 7
441
Minority interest (155)
Depreciation of assets fair valued on acquisition (net of tax) (12)
Contribution to Anglo American plc underlying earnings 274
Anglo American will report results for the year ended 31 December 2007 on
20 February 2008. 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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