REG - Anglo American PLC - Annual Financial Report and Notice of AGM
07/03/2022 09:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220307:nRSG7689Da&default-theme=true
RNS Number : 7689D Anglo American PLC 07 March 2022
Anglo American plc
(the "Company")
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
7 March 2022
ANNUAL FINANCIAL REPORT AND NOTICE OF AGM
In accordance with Listing Rule 9.6 and Disclosure Guidance and Transparency
Rule ("DTR") 4.1, the Company announces that the following documents are today
published on its website: www.angloamerican.com
· Integrated Annual Report for the year ended 31 December 2021 (the
"2021 Annual Report")
· Notice of the 2022 Annual General Meeting ("AGM") to be held on
19 April 2022
· Sustainability Report 2021
· Ore Reserves and Mineral Resources Report 2021
· Tax and Economic Contribution Report 2021
The 2021 Annual Report, Notice of the 2022 AGM and the 2022 AGM proxy form
("Proxy Form") have been submitted to the Financial Conduct Authority via the
National Storage Mechanism and will shortly be made available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The above mentioned documents (except for the Proxy Form) are available on our
website at www.angloamerican.com/investors/annual-reporting and
www.angloamerican.com/investors/shareholder-information/agm/agm2022
respectively, and will be posted to shareholders on 17 March 2022.
Shareholders can obtain additional copies of the Proxy Form from our
Registrar, Equiniti Limited at Aspect House, Spencer Road, Lancing, West
Sussex BN99 6DA or view online at www.shareview.co.uk
(http://www.shareview.co.uk) .
This announcement should be read in conjunction with the Company's Preliminary
Results announcement issued on 24 February 2022. Together these constitute the
material required by DTR 6.3.5 to be communicated to the media in full
unedited text through a Regulatory Information Service. This material is not a
substitute for reading the Company's 2021 Annual Report. Page references and
references to notes to the financial statements, refer to those contained in
the 2021 Annual Report.
An indication of the important events that occurred in 2021 and their impact
on the consolidated financial statements and the consolidated financial
statements themselves were announced to the London Stock Exchange on 24
February 2022, forming part of the Preliminary Results announcement for the
year ended 31 December 2021. Additional content forming part of the management
report are set out in the appendices to this announcement.
Clare Davage
Deputy Company Secretary
Anglo American is a leading global mining company and our products are the
essential ingredients in almost every aspect of modern life. Our portfolio of
world-class competitive operations, with a broad range of future development
options, provides many of the future-enabling metals and minerals for a
cleaner, greener, more sustainable world and that meet the fast growing every
day demands of billions of consumers. With our people at the heart of our
business, we use innovative practices and the latest technologies to discover
new resources and to mine, process, move and market our products to our
customers - safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum
group metals, premium quality iron ore and metallurgical coal for steelmaking,
and nickel - with crop nutrients in development - we are committed to being
carbon neutral across our operations by 2040. More broadly, our Sustainable
Mining Plan commits us to a series of stretching goals to ensure we work
towards a healthy environment, creating thriving communities and building
trust as a corporate leader. We work together with our business partners and
diverse stakeholders to unlock enduring value from precious natural resources
for the benefit of the communities and countries in which we operate, for
society as a whole, and for our shareholders. Anglo American is re-imagining
mining to improve people's lives. www.angloamerican.com
Forward-looking statements and third-party information
This announcement includes forward-looking statements. All statements other
than statements of historical facts included in this document, including,
without limitation, those regarding Anglo American's financial position,
business, acquisition and divestment strategy, dividend policy, plans and
objectives of management for future operations, prospects and projects
(including development plans and objectives relating to Anglo American's
products, production forecasts and Ore Reserve and Mineral Resource positions)
and sustainability performance related (including environmental, social and
governance) goals, ambitions, targets, visions, milestones and aspirations,
are forward-looking statements. By their nature, such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Anglo American or industry results to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding
Anglo American's present and future business strategies and the environment
in which Anglo American will operate in the future. Important factors that
could cause Anglo American's actual results, performance or achievements to
differ materially from those in the forward-looking statements include, among
others, levels of actual production during any period, levels of global demand
and commodity market prices, mineral resource exploration and project
development capabilities and delivery, recovery rates and other operational
capabilities, safety, health or environmental incidents, the effects of global
pandemics and outbreaks of infectious diseases, natural catastrophes or
adverse geological conditions, climate change and extreme weather events, the
outcome of litigation or regulatory proceedings, the availability of mining
and processing equipment, the ability to produce and transport products
profitably, the availability of transport infrastructure, the development,
efficacy and adoption of new technology, the impact of foreign currency
exchange rates on market prices and operating costs, the availability of
sufficient credit, the effects of inflation, political uncertainty, tensions
and disputes and economic conditions in relevant areas of the world, evolving
societal and stakeholder requirements and expectations, the actions of
competitors, activities by courts, regulators and governmental authorities
such as in relation to permitting or forcing closure of mines and ceasing of
operations or maintenance of Anglo American's assets and changes in taxation
or safety, health, environmental or other types of regulation in the countries
where Anglo American operates, conflicts over land and resource ownership
rights and such other risk factors identified in Anglo American's most recent
Annual Report. Forward-looking statements should, therefore, be construed in
light of such risk factors and undue reliance should not be placed on
forward-looking statements. These forward-looking statements speak only as of
the date of this document. Anglo American expressly disclaims any obligation
or undertaking (except as required by applicable law, the City Code on
Takeovers and Mergers, the UK Listing Rules, the Disclosure and Transparency
Rules of the Financial Conduct Authority, the Listings Requirements of the
securities exchange of the JSE Limited in South Africa, the SIX Swiss
Exchange, the Botswana Stock Exchange and the Namibian Stock Exchange and any
other applicable regulations) to release publicly any updates or revisions to
any forward-looking statement contained herein to reflect any change in
Anglo American's expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
Nothing in this document should be interpreted to mean that future earnings
per share of Anglo American will necessarily match or exceed its historical
published earnings per share. Certain statistical and other information about
Anglo American included in this document is sourced from publicly available
third party sources. As such it has not been independently verified and
presents the views of those third parties, but may not necessarily correspond
to the views held by Anglo American and Anglo American expressly disclaims
any responsibility for, or liability in respect of, such information.
APPENDIX A - Principal risks
We define a principal risk as a risk or combination of risks that would
threaten the business model, future performance, solvency or liquidity of
Anglo American. In addition to these principal risks, we continue to be
exposed to other risks related to currency, inflation, community relations,
environment, litigation and regulatory proceedings, changing societal
expectations, infrastructure and human resources. These risks are subject to
our normal procedures to identify, implement and oversee appropriate
mitigation actions, supported by internal audit work to provide assurance over
the status of controls or mitigating actions. These principal risks are
considered over the next three years as a minimum, but we recognise that many
of them will be relevant for a longer period.
For more on Principal risks see pages 62 - 67
Catastrophic risks
We also face certain risks that we deem catastrophic risks. These are very
high severity, very low likelihood events that could result in multiple
fatalities or injuries, an unplanned fundamental change to strategy or the way
we operate, and have significant financial consequences. We do not consider
likelihood when assessing these risks, as the potential impacts mean these
risks must be treated as a priority. Catastrophic risks are included as
principal risks.
For more on catastrophic risks see page 62
Risk appetite
We define risk appetite as 'the nature and extent of risk Anglo American is
willing to accept in relation to the pursuit of its objectives'. We look at
risk appetite from the context of severity of the consequences should the risk
materialise, any relevant internal or external factors influencing the risk,
and the status of management actions to mitigate or control the risk. A scale
is used to help determine the limit of appetite for each risk, recognising
that risk appetite will change over time.
If a risk exceeds appetite, it will threaten the achievement of objectives and
may require a change to strategy. Risks that are approaching the limit of the
Group's risk appetite may require management actions
to be accelerated or enhanced to ensure the risks remain within appetite
levels.
For catastrophic and operational risks, our risk appetite for exceptions or
deficiencies in the status of our controls that have safety implications is
very low. Our internal audit programme evaluates these controls with technical
experts at operations and the results of that audit work will determine the
risk appetite evaluation, along with the management response to any issues
identified.
For more on the risk management and internal control systems and the review of
their effectiveness See pages 133-134
Summary
Our risk profile evolved in 2021. The global economy partly recovered from the
negative impacts of the Covid-19 pandemic, which helped ease macro-economic
risks. Conversely, we consider political risks to have increased as a result
of the potential for armed conflict involving major world powers as well as
national political tensions in certain countries, elevated partly due to the
Covid-19 pandemic. An outcome of our periodic reviews of risks impacting the
business was that we elevated two risks to Principal Risks - (1) community and
social relations and (2) regulatory and permitting, both of which are
influenced by an evolving socio-political landscape and stakeholder
expectations. Climate change is the defining challenge of our era and our
unequivocal commitment to being part of the global response presents both
opportunities and risks. A number of our Principal Risks are directly or
indirectly related to climate change and our strategies to reduce its impact
on our business and the planet.
Our catastrophic risks are the highest priority risks, given the potential
consequences.
1. Catastrophic risks
We are exposed to the following risks we deem as potentially catastrophic: Impact: Multiple fatalities and injuries, damage to assets, environmental Risk appetite: Operating within the limits of our appetite.
tailings dam failure; slope wall failure; mineshaft failure; and fire and damage, production loss, reputational damage and loss of licence to operate.
explosion. Financial costs associated with recovery and liability claims may be
significant. Regulatory issues may result and community relations may be
affected. Commentary: These very high impact but very low frequency risks are treated
with the highest priority.
Root cause: Any of these risks may result from inadequate design or
construction, adverse geological conditions, shortcomings in operational
performance, natural events such as seismic activity or flooding, and failure Mitigation: Technical standards exist that provide minimum criteria for design
of structures or machinery and equipment. and operational performance requirements, the implementation of which is
regularly inspected by technical experts. Additional assurance work is
conducted to assess the adequacy of controls associated with these risks.
2. Product prices
Global macro-economic conditions leading to sustained low product prices Impact: Low product prices can result in lower levels of cash flow, Risk appetite: Operating within the limits of our appetite.
and/or volatility. profitability and valuation. Debt costs may rise owing to ratings agency
downgrades and the possibility of restricted access to funding. The Group may
be unable to complete any divestment programme within the desired timescales
or achieve expected values. The capacity to invest in growth projects is Commentary: We believe macro-economic uncertainty has reduced in 2021 as a
Root cause: Factors that could contribute to this risk include armed conflict constrained during periods of low product prices - which may, in turn, affect result of partial global economic recovery following the Covid-19 pandemic.
involving major world powers, trade war between major economies, economic future performance. However, future uncertainties remain that may result in price volatility in
slowdown in a leading economy and a disrupted recovery from the Covid-19
the products mined, and marketed, by Anglo American.
pandemic as a result of new variants being resistant to vaccines.
Mitigation: Maintaining a conservative balance sheet and proactive management
of debt facilities and the delivery of cash improvement and operational
performance targets are the key mitigation strategies for this risk. Regular
updates of economic analysis and product price assumptions are discussed with
executive management and the Board.
3. Cyber security
Loss or harm to our technical infrastructure and the use of technology within Impact: Theft or loss of intellectual property, financial losses, increased Risk appetite: Operating within the limits of our appetite.
the organisation from malicious or unintentional sources. costs, reputational damage and operational disruption.
Commentary: During 2021, we further strengthened our control environment. Our
Root cause: Attacks motivated by fraud and/or access to sensitive data or Mitigation: We have a dedicated Global Information Management Security team controls responded as planned and no cyber attack attempt resulted in negative
information. with appropriate specialist third-party support to oversee our network impacts for Anglo American.
security. We have achieved UK Cyber Essentials Certification and an ongoing
cyber awareness programme is in place across the Group.
4. Political
Global, regional and Impact: Global supply chains may be impacted by the threat of or actual Risk appetite: Operating within the limits of our appetite.
disputes between major economies. Regional and national political tensions may
national political tensions and disputes may negatively impact our business. result in social unrest affecting our operations and employees. Uncertainty
over future business conditions leads to a lack of confidence in making Commentary: Global economic conditions can have a significant impact on
investment decisions, which can influence future financial performance. countries whose economies are exposed to commodities, placing greater pressure
Root cause: Geo-political disputes between major economic countries, regional Increased costs can be incurred through additional regulations or resource on governments to find alternative means of raising revenues, and increasing
and national political tensions. The effectiveness of national governance in taxes, while the ability to execute strategic initiatives that reduce costs or the risk of social and labour unrest.
countries in which we operate may be compromised by corruption, weak policy divest assets may also be restricted, all of which may reduce profitability
framework and ineffective enforcement of the law. and affect future performance. These may adversely affect the Group's
operations or performance of those operations.
Mitigation: Anglo American has an active engagement strategy with
governments, regulators and other stakeholders within the countries in which
we operate, or plan to operate, as well as at an international level. We make
significant efforts to contribute to public policy objectives such as
socio-economic development to demonstrate the broader value of our presence.
We assess portfolio capital investments against political risks and avoid or
minimise exposure to jurisdictions with unacceptable risk levels. We actively
monitor regulatory and political developments at a national level, as well as
global themes and international policy trends, on a continuous basis. See page
15 for more detail on how we engage with our key stakeholders.
5. Community and Social Relations
Failure to maintain healthy Impact: A breakdown in trust with local communities and society at large Risk appetite: Operating within the limits of our appetite.
threatens Anglo American's 'licence to operate', potentially leading to
relationships with local increased costs, future growth being impacted, business interruption and
reputational damage.
communities and society
Commentary: Through the Social Way, we ensure that policies and systems are in
place at all Anglo American managed sites to support effective engagement
at large.
with communities, avoid or minimise adverse social impacts, and maximise
Mitigation: The Anglo American Social Way is our integrated management system development opportunities. For further information on how we engage with key
for social performance, adopted and implemented at all managed sites. stakeholders, see page 15.
Root cause: Failure to identify, understand and respond to community and
societal needs and expectations.
6. Safety
Failure to eliminate fatalities. Impact: A fatal incident is devastating for the bereaved family, friends and Risk appetite: Operating within the limits of our appetite.
colleagues. Over the longer term, failure to provide a safe working
environment threatens our licence to operate.
Root cause: Fatalities may result from operational leaders, employees and Commentary: We continue to experience an overall improvement in our safety
contractors failing to apply safety rules and poor hazard identification
performance. During 2021, there was one work-related fatality in our managed
Mitigation: All operations continue to implement safety improvement plans, operations, compared with two in 2020. Management remains fully committed to
and control, including non compliance with critical controls. with a focus on: effective management of critical controls required to manage the elimination of fatalities.
significant safety risks; learning from high potential incidents and hazards;
embedding a safety culture; and leadership engagement and accountability. Our
Elimination of Fatalities Taskforce oversees targeted improvement initiatives
to further improve safety performance.
7. Climate change
Climate change is the Impact: Potential loss of stakeholder confidence, Risk appetite: Operating within the limits of our appetite.
defining challenge of our era and our commitment to being part of the global negative impact on reputation, financial performance and valuation.
response presents both
Commentary: For more information on our Sustainable Mining Plan and climate
opportunities and risks.
change policy, see pages 38-39 and 43-44, and for further information on how
Mitigation: We have articulated our climate change plans, policies and we engage with key stakeholders, see page 15.
progress and engage with key stakeholders to ensure they understand them. Our
Sustainable Mining Plan includes operation-specific and Group targets for
Root cause: We are committed to the alignment of our portfolio with the needs reductions in carbon emissions, power and water usage.
of a low carbon world in a responsible manner; however, different stakeholder
expectations continue to evolve and are not always aligned. Long term demand
for metals and minerals mined and marketed by Anglo American may deviate from
assumptions based on climate change abatement initiatives. Changing weather
patterns and an increase in extreme weather events may impact operational
stability and our local communities. Our Scopes 1 and 2 carbon emission
reduction targets are partly reliant on new technologies that are at various
stages of development, and our Scope 3 reduction ambition is reliant on the
adoption of greener technologies in the steel making industry.
8. Regulatory and permitting
Failure to comply with permitting and other mining regulations. Impact: Delays to projects and disruption to existing operations, delays in Risk appetite: Operating within the limits of our appetite.
deploying new technologies that support future growth and sustainability
objectives, legal claims and regulatory actions, fines and reputational
damage.
Root cause: Regulations impacting the mining industry are evolving as a result
Commentary: Annual assessments of compliance with the Anglo American Minimum
of political developments, changes in societal expectations and the public Permitting Requirements are undertaken, as well as periodic
perception of mining activities. Failure to comply with management processes
will threaten the ability to adhere to regulations and permits. Mitigation: All operations must comply with our Minimum Permitting independent audits.
Requirements, which is a management system to ensure necessary permits and
other regulatory requirements are identified and embedded in life of asset
plans and management routines. Through our Sustainable Mining Plan we make
considerable efforts to meet community aspirations for socio-economic
development and carefully manage the environmental impacts of our business to
avoid causing harm and nuisance
9. Operational Performance
Unplanned operational Impact: : Inability to achieve production, cash flow or profitability targets. Risk appetite: Operating within the limits of our appetite.
There are potential safety-related risks associated with unplanned operational
stoppages affecting production and profitability. stoppages, along with a loss of investor confidence.
Commentary: There were no material unplanned operational incidents in 2021.
Root cause: Failure to implement and embed our Operating Model, maintain Mitigation: Implementation of our Operating Model and compliance with
critical plant, machinery and infrastructure, and operate in compliance with Technical Standards, supported by operational risk management
Anglo American's Technical Standards will affect our performance levels. We
are also exposed to risks of interruptions of power supply and the failure of and assurance processes, is the key mitigation against this risk. Regular
third-party-owned and -operated infrastructure, e.g. rail networks and ports. tracking and monitoring of progress against the underlying production and
Our operations may also be exposed to natural catastrophes and extreme weather EBITDA targets is undertaken
events.
10. Pandemic
Large scale outbreak Impact: As has been witnessed by the Covid-19 pandemic, widespread Risk appetite: Operating within the limits of our appetite.
consequences include the physical and mental health and well-being of our
of infectious disease people and local communities; economic shocks and disruption; social unrest;
an increase in political stresses and tensions, a rise in criminal acts and
increasing morbidity and the potential for increased resource nationalism. Commentary: For more information on our response to the Covid-19 pandemic see
page 55.
mortality over a wide
geographic area. Mitigation: Anglo American actively monitors global pandemic-potential
diseases. In the event of a pandemic, our Group Crisis Management Team is
activated at an early stage to direct the Group's response, prioritising the
well-being of our people, their families and our host communities, and
Root cause: Human population growth, urbanisation, changes in land use, loss ensuring the continuity of the operations.
of biodiversity, exploitation of the natural environment, viral disease from
animals, and increased global travel and integration are all contributory
causes of health pandemics.
11. Corruption
Bribery or other forms of corruption committed by an employee or agent of Impact: Potential criminal investigations, adverse media attention and Risk appetite: Operating within the limits of our appetite.
Anglo American. reputational damage. A possible negative impact on licensing processes
and valuation.
Commentary: Group Compliance Committee oversees the organisation's
Root cause: Anglo American has operations in some countries where there is a anti-bribery management system to ensure its continuing suitability, adequacy
higher prevalence of corruption.
and effectiveness.
Mitigation: A comprehensive anti-bribery and corruption policy and programme,
including risk assessment, training and awareness, with active monitoring, are
in place.
12. Water
Inability to obtain or sustain the level of water security needed to support Impact: Loss of production and inability to achieve cash flow or volume Risk appetite: Operating within the limits of our appetite.
operations over the current life of mine plan or future growth options. improvement targets. Damage to stakeholder relationships or reputational
damage can result from failure to manage this critical resource.
Commentary: This continues to be a risk to the majority of our operations. For
Root cause: Poor water resource management or inadequate on-site storage,
more information on our Sustainable Mining Plan, see pages 38-39.
combined with reduced water supply at some operations as weather patterns Mitigation: Various projects have been implemented at operations most exposed
change, can affect production. Water is a shared resource with local to this risk, focused on: water efficiency; water security; water treatment;
communities and permits to use water in our operations are at risk if we do and discharge management; as well as alternative supplies. New technologies
not manage the resource in a responsible and sustainable manner. are being developed that will reduce water demand.
13. Future demand
Demand for metals and minerals produced and marketed by Anglo American may Impact: Potential for negative impact on revenue, cash flow, profitability and Risk appetite: Operating within the limits of our appetite.
deviate from our assumptions. value.
Commentary: We monitor new business opportunities in line with our strategy to
Root cause: Technological developments and/or product substitution leading Mitigation: Regular reviews of production and financial plans, as well as secure, develop and operate a portfolio of high quality and long life mineral
longer term portfolio decisions, are based on extensive research. Our assets, from which we will deliver leading shareholder returns.
to reduced demand, growth in businesses invest in marketing and other activities to enhance the inherent
value of the products we produce, including building consumer confidence in
the circular economy and shifts in consumer preferences. the ethical provenance of our products.
APPENDIX B - Related party transactions
The Group has related party relationships with its subsidiaries, joint
operations, associates and joint ventures (see notes 34 and 35). Members of
the Board and the Group Management Committee are considered to be related
parties.
The Company and its subsidiaries, in the ordinary course of business, enter
into various sale, purchase and service transactions with joint operations,
associates, joint ventures and others in which the Group has a material
interest. These transactions are under terms that are no less favourable to
the Group than those arranged with third parties.
Associates Joint ventures Joint operations
US$ million 2021 2020 2021 2020 2021 2020
Transactions with related parties
Sale of goods and services - - - - 158 87
Purchase of goods and services - (28) (169) (197) (3,466) (1,985)
Balances with related parties
Trade and other receivables from related parties - - 1 1 18 21
Trade and other payables to related parties - (38) (16) (31) (273) (157)
Loans receivable from related parties 2 - 76 154 - -
Balances and transactions with joint operations or joint operation partners
represent the portion that the Group does not have the right to offset against
the corresponding amount recorded by the respective joint operations. These
amounts primarily relate to purchases by De Beers and Platinum Group Metals
from their joint operations in excess of the Group's attributable share of
their production.
Loans receivable from related parties are included in Financial asset
investments on the Consolidated balance sheet.
Remuneration and benefits received by directors are disclosed in the
Remuneration report. Remuneration and benefits of key management personnel,
including directors, are disclosed in note 26. Information relating to pension
fund arrangements is disclosed in note 27.
APPENDIX C - Statement of directors' responsibilities in respect of the
financial statements
The directors are responsible for preparing the Integrated Annual Report and
the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each
financial year. Under that law the directors have prepared the Group financial
statements in accordance with UK-adopted International Accounting Standards
and the Parent Company financial statements in accordance with United Kingdom
Generally Accepted Accounting Practice (United Kingdom Accounting Standards,
comprising FRS 101 "Reduced Disclosure Framework", and applicable law).
Under company law, directors must not approve the financial statements unless
they are satisfied that they give a true and fair view of the state of affairs
of the Group and Parent Company and of the profit or loss of the Group for
that period.
In preparing the financial statements, the directors are required to:
• Select suitable accounting policies and then apply them consistently
• State whether applicable UK-adopted International Accounting Standards have
been followed for the Group financial statements and United Kingdom Accounting
Standards, comprising FRS 101 have been followed for the Parent Company
financial statements, subject to any material departures disclosed and
explained in the financial statements
• Make judgements and accounting estimates that are reasonable and prudent
• Prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the Group and Parent Company will continue in
business
The directors are responsible for safeguarding the assets of the Group and
Parent Company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The directors are also responsible for keeping adequate accounting records
that are sufficient to show and explain the Group's and Parent Company's
transactions and disclose with reasonable accuracy at any time the financial
position of the Group and Parent Company and enable them to ensure that the
financial statements and the Directors' Remuneration Report comply with the
Companies Act 2006.
The directors are responsible for the maintenance and integrity of the Parent
Company's website. Legislation in the United Kingdom governing the preparation
and dissemination of financial statements may differ from legislation in other
jurisdictions.
Directors' responsibility statement
for the year ended 31 December 2021
The directors consider that the Integrated Annual Report and accounts, taken
as a whole, is fair, balanced and understandable and provides the information
necessary for shareholders to assess the Group's and Parent Company's position
and performance, business model and strategy.
We confirm that to the best of our knowledge:
• The Group financial statements, which have been prepared in accordance with
UK-adopted international accounting standards, give a true and fair view of
the assets, liabilities, financial position and profit of the Group
• The Parent Company financial statements, which have been prepared in
accordance with United Kingdom Accounting Standards, comprising FRS 101, give
a true and fair view of the
assets, liabilities and financial position of the Parent Company
• The Strategic Report includes a fair review of the development and performance
of the business and the position of the Group and Parent Company, together
with a description of the principal risks and uncertainties that it faces
By order of the Board
Mark Cutifani Stephen Pearce
Chief Executive Finance Director
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END ACSEAPDLESNAEFARecent news on Anglo American
See all newsREG - Morgan Stanley & Co. Anglo American PLC - Form 8.5 (EPT/RI)- Replacement of Anglo
AnnouncementREG - Morgan Stanley & Co. Anglo American PLC - Form 8.5 (EPT/RI)- Replacement of Anglo American
AnnouncementREG - State Street Global BHP Group Limited Anglo American PLC - Form 8.3 - Anglo American plc
AnnouncementREG - State Street Global Anglo American PLC BHP Group Limited - Form 8.3 - BHP Group Limited
AnnouncementREG - BlackRock Group Anglo American PLC - Form 8.3 - Anglo American plc
Announcement