|
AGL
ANAAL
AGL - Anglo American plc - Anglo American plc notification: De Beers Societe
Anonyme year end results 2010
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
("Anglo American plc" or "the company")
Anglo American plc notification: De Beers Societe Anonyme year end results
2010
Anglo American wishes to draw attention to the De Beers Societe Anonyme ("De
Beers") announcement of its results for the year ended 31 December 2010. De
Beers reported Underlying earnings of US$598 million.
Anglo American plc ("Anglo American") arrives at its Underlying earnings in
respect of De Beers by accounting for the interests arising from the ordinary
shares it holds. Anglo American will therefore report underlying earnings of
US$302 million for the year ended 31 December 2010 from its investment in De
Beers, as reconciled in the table below:
$m
De Beers Underlying earnings (100%) 598
Difference in IAS 19 accounting policy 53
De Beers Underlying earnings - Anglo 651
American plc basis (100%)
Anglo American plc`s 45% ordinary share 293
interest
Income from preference shares 9
Contribution to Anglo American plc 302
underlying earnings
In the year ended 31 December 2010, Anglo American received US$9 million in
preference share dividends from De Beers. The remaining US$88 million of 10%
non-cumulative redeemable preference shares outstanding at 31 December 2009
were also redeemed during the year.
Anglo American will report results for the year ended 31 December 2010 on 18
February 2011. 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 transactions 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.
11 February 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 11/02/2011 09:16:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
