ANGLO AMERICAN PLC - Anglo American plc notification: Anglo American Platinum Limited interim results 2017

Anglo American plc notification: Anglo American Platinum Limited interim results 2017

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


24 July 2017

ANGLO AMERICAN PLC NOTIFICATION:
ANGLO AMERICAN PLATINUM LIMITED INTERIM RESULTS 2017

Anglo American wishes to draw attention to Anglo American Platinum Limited’s announcement of its results 
for the six months ended 30 June 2017. Anglo American Platinum Limited reported headline earnings of 
R747 million.

Anglo American will report underlying earnings in respect of Anglo American Platinum Limited of 
$37 million for the six months ended 30 June 2017, which takes into account certain adjustments. 

                                                           6 months         6 months            Year
                                                              ended            ended           ended
$ million                                                  30.06.17         30.06.16        30.12.16
Anglo American Platinum Headline earnings                        56              107(1)          126
Restructuring costs                                               -               14              14
Other adjustments                                                (6)             (10)            (23)
                                                                 50              111             117
Impact of Anglo American Platinum restatements(2)                 -              (41)            (56)
                                                                 50               70              61
Non-controlling interests                                       (10)             (14)            (12)
Exploration                                                       2                2               5
Elimination of intercompany interest                             35               38              72
Depreciation of assets fair valued on acquisition                (8)              (8)            (16)
Other adjustments                                               (13)               -              (5)
Corporate cost allocation                                       (19)             (20)            (40)
Contribution to Anglo American underlying earnings               37               68              65
(1) Restated. 
(2) During the year ended 31 December 2016, Anglo American Platinum Limited identified certain 
    computational errors affecting its results reported in prior periods, the impact of which was 
    considered material to Anglo American Platinum Limited but was not material to Anglo American. 
    Consequently, the affected results for the years ended 31 December 2015 and earlier, and for the six 
    months ended 30 June 2016, have been restated in the individual financial statements of 
    Anglo American Platinum Limited but have been corrected in the year ended 31 December 2016 in 
    Anglo American’s financial statements.

Anglo American will report results for the six months ended 30 June 2017 on 27 July 2017.  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 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.

www.angloamerican.com 

Registered office                  UK Registrars               South African Transfer Secretaries 
20 Carlton House Terrace           Equiniti                    Link Market Services South Africa (Pty) Limited 
London                             Aspect House                13th Floor, Rennie House 
SW1Y 5AN                           Spencer Road 19             Ameshoff Street 
England                            Lancing                     Braamfontein 2001 
                                   West Sussex                 South Africa 
                                   BN99 6DA                   (PO Box 4844, Johannesburg 2000) 
                                   England

Sponsor:  RAND MERCHANT BANK (A division of FirstRand Bank Limited)

24 July 2017

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