Anglo American PLC AAL Anglo American Platinum interim results

  Anglo American PLC (AAL) - Anglo American Platinum interim results

RNS Number : 2069I
Anglo American PLC
23 July 2012

23 July 2012
Anglo American plc notification:

Anglo American Platinum Limited interim results 2012

Anglo American  plc  wishes  to  draw attention  to  Anglo  American  Platinum 
Limited's announcement of its results for  the six months ended 30 June  2012. 
Anglo American Platinum Limited reported headline earnings of R713 million.

Anglo American  plc  will  report  underlying earnings  in  respect  of  Anglo 
American Platinum Limited  of $21  million for the  six months  ended 30  June 
2012, which takes into account certain adjustments.


$m                                    6 months ended 6 months ended Year ended
                                                           30.06.11   31.12.11
IFRS headline earnings                            83            469        527
Exploration                                        2              2          5
Operating and financing                           13
remeasurements (net of tax)                                    (51)       (27)
Restructuring costs included in                    
headline earnings (net of tax)
                                                   -              6          6
BEE transactions and related charges               -              -        141
Other adjustments                                (3)              2          -
                                                 95            428        652
Non-controlling interests                       (19)           (87)      (132)
Elimination of intercompany interest               3            (1)        (1)
Depreciation of assets fair valued on              
acquisition (net of tax)
                                                (25)           (30)       (55)
Corporate cost allocation                       (33)           (25)       (54)
Contribution to Anglo American plc                 
underlying earnings
                                                  21            285        410

Anglo American plc will report results for  the six months ended 30 June  2012 
on 27 July 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.

                     This information is provided by RNS
           The company news service from the London Stock Exchange


IR DMGZNVGFGZZM -0- Jul/23/2012 06:00 GMT
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