11th Feb 2008 07:00
Anglo American PLC11 February 2008 News Release 11 February 2008 Anglo American plc notification: Anglo Platinum annual results 2007 Anglo American wishes to draw attention to Anglo Platinum Limited's announcementof its results for the year ended 31 December 2007. Anglo American will report underlying earnings in respect of Platinum ofUS$1,299 million for the year ended 31 December 2007, which takes into accountcertain adjustments. Anglo Platinum Limited $m IFRS headline earnings (US dollar equivalent of published) 1,748Exploration 36Exchange rate difference 4Other adjustments (10) 1,778Minority interest (443)Depreciation on assets fair valued on acquisition (net of tax) (36) Contribution to Anglo American plc underlying earnings 1,299 Anglo American will report results for the year ended 31 December 2007 on 20February 2008. The above figures are unaudited. Underlying Earnings Underlying Earnings is net profit attributable to equity shareholders, adjustedfor the effect of special items and remeasurements, and any related tax andminority interests. Special items include those items of financial performancewhich the Group believes should be excluded from underlying financialperformance, and principally relate to impairment and significant closure costs,exceptional legal provisions and profit or loss on disposals. Remeasurementsinclude adjustments to ensure that the unrealised gains or losses on non-hedgederivative instruments are recorded in underlying earnings in the same period asthe underlying transaction against which these instruments provide an economic,but not formally designated, hedge. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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