14th Feb 2008 07:00
Anglo American PLC14 February 2008 News Release 14 February 2008 Anglo American plc notification: Kumba Iron Ore Limited results 2007 Anglo American wishes to draw attention to Kumba Iron Ore Limited's announcementof their results for the year ended 31 December 2007. Anglo American will report underlying earnings in respect of Kumba Iron OreLimited of US$274 million for the year ended 31 December 2007, which takes intoaccount certain adjustments. Kumba Iron Ore Limited $m IFRS headline earnings (US dollar equivalent of published) 434Other 7 441Minority interest (155)Depreciation of assets fair valued on acquisition (net of tax) (12) Contribution to Anglo American plc underlying earnings 274 Anglo American will report results for the year ended 31 December 2007 on 20 February 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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