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AGL
ANAAL
AGL - Anglo American Plc - Anglo American plc notification: Anglo American
Platinum Limited year end results 2011
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: Anglo American Platinum Limited year end
results 2011
Anglo American wishes to draw attention to Anglo American Platinum Limited`s
announcement of its results for the year ended 31 December 2011. Anglo American
Platinum Limited reported headline earnings of ZAR3,566 million.
Anglo American will report underlying earnings in respect of Anglo American
Platinum Limited of US$410 million for the year ended 31 December 2011, which
takes into account certain adjustments.
$m 2011 2010
IFRS headline earnings(1) 527 674
Exploration 5 11
Operating and financing remeasurements (27) (21)
(net of tax)
Restructuring costs included in headline 6 28
earnings (net of tax)
BEE transactions and related charges 141 -
Other adjustments - (1)
652 691
Non-controlling interests (132) (140)
Elimination of intercompany interest (1) 29
Depreciation of assets fair valued on (55) (102)
acquisition (net of tax)
Corporate cost allocation (54) (53)
Contribution to Anglo American plc 410 425
underlying earnings
(1) 2011 includes a $36 million exchange rate adjustment to the US dollar IFRS
headline earnings published by Anglo American Platinum Limited to reflect
translation of the movement each month at the average exchange rate for the
month.
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.
13 February 2012
Sponsor: UBS South Africa (Pty) Ltd
Date: 13/02/2012 08:32:01 Produced by the JSE SENS Department.
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