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Anglo American PLC (AAL)

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Monday 04 February, 2013

Anglo American PLC

Anglo American update re: Platinum FY12 results

RNS Number : 9741W
Anglo American PLC
04 February 2013
 

 

 

4 February 2013

Anglo American plc notification:

Anglo American Platinum Limited year end results 2012

 

 

Anglo American wishes to draw attention to Anglo American Platinum Limited's announcement of its results for the year ended 31 December 2012. Anglo American Platinum Limited reported a headline loss of R1,468 million.

 

Anglo American will report an underlying loss in respect of Anglo American Platinum Limited of US$225 million for the year ended 31 December 2012, which takes into account certain adjustments.



 

$m

 

 

Year ended 31.12.12

 

Year ended

31.12.11

 

 

 

IFRS headline (loss)/earnings

(170)

527

Exploration

4

5

Operating and financing remeasurements (net of tax)

2

(27)

Restructuring costs included in headline earnings (net of tax)

-

6

BEE transactions and related charges

-

141

 

(164)

652

 

 

 

Non-controlling interests

33

(132)

Elimination of intercompany interest

10

(1)

Depreciation of assets fair valued on acquisition (net of tax)

(41)

(55)

Corporate cost allocation

(63)

(54)

 

 

 

Contribution to Anglo American underlying earnings

(225)

410

 

Anglo American will report results for the year ended 31 December 2012 on 15 February 2013.  The above figures are unaudited.

 

Underlying earnings

 

Underlying earnings is net profit attributable to equity shareholders, adjusted to remove special items and remeasurements, and any related tax and non-controlling interests. Special items are those items of financial performance that the Group believes should be excluded from underlying financial performance. Operating special items include impairment charges and reversals and other exceptional items, including restructuring costs. Non-operating special items include profits and losses on disposals of investments and businesses as well as certain adjustments relating to business combinations. 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 impact arising in US dollar functional currency entities on deferred tax balances.


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