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AGL
ANAAL
AGL - Anglo American plc - Anglo American plc notification: De Beers Societe
Anonyme year end results 2011
Anglo American plc ("the Company")
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
Anglo American plc notification: De Beers Societe Anonyme year end results 2011
Anglo American wishes to draw attention to the De Beers Societe Anonyme ("De
Beers") announcement of its results for the year ended 31 December 2011. De
Beers reported Underlying earnings of US$968 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$443 million for the year ended 31 December 2011 from its investment in De
Beers, as reconciled in the table below:
2010
$m 2011
De Beers Underlying earnings (100%) 968 598
Difference in IAS 19 accounting policy 17 53
De Beers underlying earnings - Anglo 985 651
American plc basis (100%)
Anglo American plc`s 45% ordinary share 443 293
interest
Income from preference shares - 9
Contribution to Anglo American plc 443 302
underlying earnings
Anglo American will report results for the year ended 31 December 2011 on 17
February 2012. 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.
10 January 2012
Sponsor: UBS South Africa (Pty) Ltd
Date: 10/02/2012 10:00:01 Produced by the JSE SENS Department.
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