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AGL
ANAAL
Anglo American plc - Announcement
Anglo American plc
(Incorporated in the United Kingdom)
Registration number: 3564138
Share code: AGL
ISIN: GB0004901517
(the "Company")
Anglo American plc notification:
Anglo Platinum annual results 2006
Anglo American wishes to draw attention to Anglo Platinum`s
announcement of their annual results for the year ended 31 December
2006.
Anglo American will report underlying earnings in respect of Platinum
of US$1,265 million for the year ended 31 December 2006, which takes
into account certain adjustments.
Anglo Platinum Limited
$m
IFRS headline earnings (US dollar equivalent of 1,771
published)
Exchange rate difference (40)
Exploration 30
Adjustment to profit on disposal(1) 16
Other adjustments (6)
1,771
Minority interest (454)
Depreciation on assets fair valued on acquisition (net (52)
of tax)
Contribution to Anglo American plc underlying earnings 1,265
(1) The BEE cost included in the current year transaction in respect of
the disposal of 15% of Union section by Anglo Platinum is calculated in
accordance with IFRS2 "Share-based payment". This is excluded from
Anglo American`s `Underlying earnings` as it is considered to be part
of the profit or loss on disposal, however this amount is included in
Anglo Platinum`s `Headline earnings` as defined by the Johannesburg
Securities Exchange (JSE).
Anglo American will report annual results for the year ended 31
December 2006 on 21 February 2007.
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.
12 February 2007
Sponsor: J.P.Morgan Equities Limited
Date: 12/02/2007 09:01:02 Produced by the JSE SENS Department.
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