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ANGLO AMERICAN PLC - Notification: Kumba Iron Ore Limited year end results 2014

Release Date: 10/02/2015 09:02
Code(s): AGL     PDF:  
Wrap Text
Notification: Kumba Iron Ore Limited year end results 2014

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

Anglo American plc notification:
Kumba Iron Ore Limited year end results 2014

Anglo American wishes to draw attention to Kumba Iron Ore Limited’s announcement of its
results for the year ended 31 December 2014. Kumba Iron Ore Limited reported headline
earnings of R11,006 million.

Anglo American will report underlying earnings in respect of Kumba Iron Ore Limited of
$693 million for the year ended 31 December 2014, which takes into account certain
adjustments.


                                                                                                                   Year ended    Year ended
$ million                                                                                                             31.12.14     31.12.13

IFRS headline earnings                                                                                                  1,011      1,604
Kumba Envision Trust?¹?                                                                                                    20         33
Other adjustments                                                                                                          (4)         2
                                                                                                                        1,027      1,639

Non-controlling interests                                                                                               (309)       (497)
Exploration                                                                                                                12          10
Elimination of intercompany interest                                                                                       10          12
Depreciation of assets fair valued on acquisition                                                                         (7)         (6)
Corporate cost allocation                                                                                                (40)        (50)

Contribution to Anglo American underlying earnings                                              693         1,108
?¹? The Kumba Envision Trust charge is included in IFRS headline earnings but is a special item so is excluded from
Anglo American underlying earnings.

Anglo American will report results for the year ended 31 December 2014 on 13 February 2015.
The above figures are unaudited.


Underlying earnings

Underlying earnings is profit attributable to equity shareholders before special items and remeasurements,
and is therefore presented after net finance costs, income tax and non-controlling interests. Special items
and remeasurements are those items of financial performance that the Group believes should be
separately disclosed to assist in the understanding of the underlying financial performance achieved by
the Group.



10 February 2015
Sponsor: UBS South Africa (Pty) Ltd

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