13th Feb 2007 07:01
Anglo American PLC13 February 2007 News Release 13 February 2007 Anglo American plc notification: AngloGold Ashanti results for the year ended 31 December 2006 Anglo American wishes to draw attention to AngloGold Ashanti's announcement oftheir year end results for the year ended 31 December 2006. Anglo American will report underlying earnings in respect of AngloGold Ashantiof US$178 million for the year ended 31 December 2006, which takes into accountcertain adjustments and reflects the change in ownership percentage on 20 April2006. AngloGold Ashanti Limited $m IFRS adjusted headline earnings 413Exploration 16EPC amortisation (26)Deferred tax on EPC 8Other 10Minorities' share of profit during Subsidiary period up to 20 April 2006 (69)Share of earnings not attributable to Anglo American plc's 41.7% shareholding from 20 April 2006 (174) Contribution to Anglo American plc underlying earnings 178 Anglo American will report results for the year ended 31 December 2006 on 21February 2007 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:
Anglo American