Anglo American plc notification:
De Beers Société Anonyme interim results 2012
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 Société Anonyme interim results 2012
Anglo American plc wishes to draw attention to the De Beers Société Anonyme (De Beers)
announcement of its results for the six months ended 30 June 2012. De Beers reported
underlying earnings of $385 million.
Anglo American plc arrives at its underlying earnings in respect of De Beers by accounting for
the interests arising from the ordinary shares it holds. Anglo American plc will therefore report
underlying earnings of $176 million from its investment in De Beers, as reconciled in the table
below:
$m 6 months 6 months Year
ended ended ended
30.06.12 30.06.11 31.12.11
De Beers underlying earnings (100%) 385 666 968
Difference in IAS 19 accounting policy 6 (1) 17
De Beers underlying earnings Anglo American plc
basis (100%) 391 665 985
Contribution to Anglo American plc underlying
earnings(1) 176 299 443
(1) Anglo American plcs 45% ordinary share interest.
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.
20 July 2012
Sponsor: UBS South Africa (Pty) Ltd
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