REG - Anglo American PLC - Anglo American Platinum Earnings Reconciliation <Origin Href="QuoteRef">AAL.L</Origin>

Anglo AmericanAnnouncement

25/07/2015 09:30

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20150720:nRST4372Ta


RNS Number : 4372T
Anglo American PLC
20 July 2015 
 
   
 
 
 20 July 2015                                                                          
 Anglo American plc notification:Anglo American Platinum Limited interim results 2015  
                                                                                       
 
 
Anglo American wishes to draw attention to Anglo American Platinum Limited's
announcement of its results for the six months ended 30 June 2015. Anglo
American Platinum Limited reported headline earnings of R2,471 million. 
 
Anglo American will report underlying earnings in respect of Anglo American
Platinum Limited of $175 million for the six months ended 30 June 2015, which
takes into account certain adjustments. 
 
 $ million                                           6 months ended 30.06.15  6 months ended 30.06.14  Year ended 31.12.14  
                                                                                                                            
 IFRS headline earnings                              206                      14                       70                   
 Operating and financing remeasurements              (2)                      (3)                      (16)                 
 Restructuring costs included in headline earnings   11                       -                        6                    
 Other adjustments                                   (2)                      3                        (9)                  
                                                     213                      14                       51                   
                                                                                                                            
 Non-controlling interests                           (43)                     (3)                      (10)                 
 Exploration                                         2                        2                        6                    
 Elimination of intercompany interest                37                       23                       49                   
 Depreciation of assets fair valued on acquisition   (12)                     (9)                      (18)                 
 Corporate cost allocation                           (22)                     (28)                     (53)                 
                                                                                                                            
 Contribution to Anglo American underlying earnings  175                      (1)                      25                   
 
 
Anglo American will report results for the six months ended 30 June 2015 on 24
July 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 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. 
 
Operating special items principally include impairment charges and
restructuring costs. Non-operating special items include costs in relation to
closure of operations, 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 financial assets and liabilities are recorded in underlying earnings
in the same year as the underlying transaction for which the instruments
provide the economic hedge. 
 
This information is provided by RNS
The company news service from the London Stock Exchange