To view the PDF file, sign up for a MySharenet subscription.

ANGLO AMERICAN PLC - Anglo American plc notification: Anglo American Platinum Limited year end results 2013

Release Date: 03/02/2014 09:00
Code(s): AGL     PDF:  
Wrap Text
Anglo American plc notification: Anglo American Platinum Limited year end results 2013

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

Anglo American plc notification:
Anglo American Platinum Limited year end results 2013


Anglo American wishes to draw attention to Anglo American Platinum Limited’s announcement
of its results for the year ended 31 December 2013. Anglo American Platinum Limited reported
headline earnings of R1,451 million.

Anglo American will report underlying earnings in respect of Anglo American Platinum Limited
of US$287 million for the year ended 31 December 2013, which takes into account certain
adjustments.

                                                                                                           Year ended          Year ended
$m                                                                                                             31.12.13           31.12.12

IFRS headline earnings/(loss)                                                                                           152        (170)
Exploration                                                                                                                2          4
Operating and financing remeasurements (net of tax)                                                                      (8)          2
Restructuring costs included in headline earnings (net of                                                               105            -
tax)
BEE transactions and related charges                                                                                    (44)           -
Tax special item included in headline earnings                                                                          188            -
Other adjustments                                                                                                          5           -
                                                                                                                        400        (164)

Non-controlling interests                                                                                               (80)         33
Elimination of intercompany interest                                                                                      67         10
Depreciation of assets fair valued on acquisition                                                                       (36)        (41)
(net of tax)
Corporate cost allocation                                                                                               (64)        (63)

Contribution to Anglo American underlying                                                                               287        (225)
earnings

Anglo American will report results for the year ended 31 December 2013 on 14 February 2014.
The above figures are unaudited.

03 February 2014

Sponsor: UBS South Africa (Pty) Ltd




Anglo American plc
20 Carlton House Terrace London SW1Y 5AN United Kingdom
Tel: +44 (0)20 7968 8888 Fax: +44 (0)20 7968 8500
Registered office as above. Incorporated in England and Wales under the Companies Act 2006. Registered Number 3564138
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.

Date: 03/02/2014 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story