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ANGLO AMERICAN PLC - AngloAmerican notification: Kumba Iron Ore Limited year end results 2012

Release Date: 12/02/2013 09:00
Code(s): AGL     PDF:  
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AngloAmerican notification: Kumba Iron Ore 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

12 February 2013


Anglo American plc notification:
Kumba Iron Ore Limited year end results 2012


Anglo American wishes to draw attention to Kumba Iron Ore Limited’s announcement of its
results for the year ended 31 December 2012. Kumba Iron Ore Limited reported headline
earnings of R12,198 million.

Anglo American will report underlying earnings in respect of Kumba Iron Ore Limited of
US$1,018 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 earnings                                                                               1,499               2,366
Exploration                                                                                             16                   4
Kumba Envision Trust(1)                                                                                 53                   -
Other adjustments                                                                                        3                   3
                                                                                                     1,571               2,373

Non-controlling interests(2)                                                                           (500)              (826)
Elimination of intercompany interest                                                                      4                 (27)
Depreciation of assets fair valued on acquisition (net of tax)                                           (8)                 (9)
Corporate cost allocation                                                                               (49)               (49)

Contribution to Anglo American underlying earnings                                                     1,018               1,462
(1)
    The Kumba Envision Trust charge is included in IFRS headline earnings but is an operating special item and excluded from Anglo
American underlying earnings.
(2)
    On 20 July 2012 Anglo American increased its shareholding in Kumba Iron Ore Limited by 4.5% through the exercise of options
acquired in 2011 and 2012, thereby increasing its shareholding from 65.2% to 69.7% for a total cost of $948 million.


Anglo American plc 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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