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ANGLO AMERICAN PLC - Anglo American plc notification: De Beers Societe Anonyme interim results 2012

Release Date: 20/07/2012 09:51
Code(s): AGL
Wrap Text
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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