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ANGLO AMERICAN PLC - Anglo American plc notification: Anglo American Platinum Limited year end results 2012

Release Date: 04/02/2013 09:00
Code(s): AGL     PDF:  
Wrap Text
Anglo American plc notification:
Anglo American Platinum Limited year end results 2012

Anglo American plc (“the Company”)
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820

4 February 2013


Anglo American plc notification:
Anglo American Platinum Limited year end results 2012


Anglo American wishes to draw attention to Anglo American Platinum Limited’s announcement
of its results for the year ended 31 December 2012. Anglo American Platinum Limited reported
a headline loss of R1,468 million.

Anglo American will report an underlying loss in respect of Anglo American Platinum Limited of
US$225 million for the year ended 31 December 2012, which takes into account certain
adjustments.


                                                                       Year ended     Year ended
$m                                                                        31.12.12       31.12.11

IFRS headline (loss)/earnings                                               (170)           527
Exploration                                                                     4             5
Operating and financing remeasurements (net of tax)                             2           (27)
Restructuring costs included in headline earnings (net of tax)                  -             6
BEE transactions and related charges                                            -           141
                                                                            (164)           652

Non-controlling interests                                                      33          (132)
Elimination of intercompany interest                                           10            (1)
Depreciation of assets fair valued on acquisition (net of tax)               (41)           (55)
Corporate cost allocation                                                    (63)           (54)

Contribution to Anglo American underlying earnings                          (225)           410

Anglo American will report results for the year ended 31 December 2012 on 15 February 2013.
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.



Sponsor: UBS South Africa (Pty) Ltd

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