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

Anglo AmericanAnnouncement

08/02/2016 07:00

RNS Number : 2988O
Anglo American PLC
08 February 2016
8 February 2016
Anglo American plc notification:
Anglo American Platinum Limited year end results 2015
Anglo American wishes to draw attention to Anglo American Platinum Limited's announcement of its results for the year ended 31 December 2015. Anglo American Platinum Limited reported Headline earnings of R107 million (2014: R786 million).
Anglo American will report underlying earnings in respect of Anglo American Platinum Limited of $168 million for the year ended 31 December 2015, which takes into account certain adjustments.

$ million
Year ended 31.12.15
Year ended 31.12.14
Anglo American Platinum Headline earnings
38
70
Impairment of loans to Plateau Resources Proprietary Limited(1) and Atlatsa Holdings Proprietary Limited
     119
-
Operating and financing remeasurements
(2)
(16)
Restructuring costs
55
6
Other adjustments
(1)
(9)
209
51
Non-controlling interests
(42)
(10)
Exploration
6
6
Elimination of intercompany interest
67
49
Depreciation of assets fair valued on acquisition
(22)
(18)
Corporate cost allocation
(50)
(53)
Contribution to Anglo American underlying earnings
168
25
(1) A wholly owned subsidiary of Atlatsa Resources Corporation.
Anglo American will report results for the year ended 31 December 2015 on 16 February 2016. 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. 
Special items that relate to the operating performance of the Group are classified as operating special items and principally include impairment charges and restructuring costs. Remeasurements include unrealised gains and losses on financial assets and liabilities.

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