27th Jul 2006 07:10
Anglo American PLC27 July 2006 News Release 27 July 2006 Anglo American plc notification: AngloGold Ashanti results for the 6 months ended 30 June 2006 Anglo American wishes to draw attention to AngloGold Ashanti's announcement oftheir interim results for the six months ended 30 June 2006. Anglo American will report underlying earnings in respect of AngloGold Ashantiof US$102 million for the six months ended 30 June 2006, which takes intoaccount certain adjustments and reflects the change in ownership percentage on20 April 2006. AngloGold Ashanti Limited $m IFRS adjusted headline earnings 226Exploration 15Depreciation on assets fair valued on acquisition (16)Tax on depreciation of assets fair valued on acquisition 5Minorities' share of profit during Subsidiary period up to 20 April (69)2006Share of earnings not attributable to Anglo American plc's 41.8% (59)shareholding from 20 April 2006Contribution to Anglo American plc underlying earnings 102 Anglo American will report results for the six months ended 30 June 2006 on 4August 2006. 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 performance earnings, andprincipally relate to impairment and significant closure costs, exceptionallegal provisions and profit or loss on disposals. Remeasurements includeadjustments 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