.
Why mining matters
Find out more
Where we operate
Find out more
Our impact
Find out more
Our difference
Find out more
A world-class portfolio
Download
Mega Nav Image
Sustainability Report 2017
Download
Mega Nav Image
Take a tour of a modern mine
Download
Mega Nav Image
Q3 2018 PRODUCTION REPORT
Download
Mega Nav Image
Graduate professionals and bursaries
Find out more
Careers mega nav image
Annual Report 2017
Download
PLATINUM PERFORMANCE
Read more
Origins
skip to main content

Anglo American Platinum Limited year end results 2015

08 February, 2016

Anglo American wishes to draw attention to Anglo American Platinum Limited’s announcement of its results for the year ended 31 December 2015. Anglo American Platinum Limited reported Headline earnings of R107 million (2014: R786 million).

Anglo American will report underlying earnings in respect of Anglo American Platinum Limited of $168 million for the year ended 31 December 2015, which takes into account certain adjustments.



$ million

 

Year ended
31.12.15

Year ended
31.12.14

 

 

 

 

Anglo American Platinum Headline earnings

 

38

70

Impairment of loans to Plateau Resources Proprietary Limited(1) and Atlatsa Holdings Proprietary Limited

 

119

-

Operating and financing remeasurements

 

(2)

(16)

Restructuring costs

 

55

6

Other adjustments

 

(1)

(9)

 

 

209

51

 

 

 

 

Non-controlling interests

 

(42)

(10)

Exploration

 

6

6

Elimination of intercompany interest

 

67

49

Depreciation of assets fair valued on acquisition

 

(22)

(18)

Corporate cost allocation

 

(50)

(53)

 

 

 

 

Contribution to Anglo American underlying earnings

 

168

25

(1)A wholly owned subsidiary of Atlatsa Resources Corporation.

Anglo American will report results for the year ended 31 December 2015 on 16 February 2016.  The above figures are unaudited.

Underlying earnings

Underlying earnings is profit attributable to equity shareholders before special items and remeasurements, and is therefore presented after net finance costs, income tax and non-controlling interests. Special items are those items of financial performance that the Group believes should be separately disclosed to assist in the understanding of the underlying financial performance achieved by the Group.

Special items that relate to the operating performance of the Group are classified as operating special items and principally include impairment charges and restructuring costs. Remeasurements include unrealised gains and losses on financial assets and liabilities.

For further information, please contact:

Media Investors
UK South Africa UK
James Wyatt-Tilby Pranill Ramchander Paul Galloway
Tel: +44 (0)20 7968 8759 Tel: +27 (0)11 638 2592 Tel: +44 (0)20 7968 8718
Marcelo Esquivel Shamiela Letsoalo Ed Kite
+44 (0)20 7968 8891 Tel: +27 (0)11 638 3112 Tel: +44 (0)20 7968 2178

Notes to editors:

Anglo American is a global and diversified mining business that provides the raw materials essential for economic development and modern life. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products – from bulk commodities and base metals to precious metals and diamonds (through De Beers) – to our customers around the world. Our diversified portfolio of products spans the economic development cycle and, as a responsible miner, we are the custodians of precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate – creating sustainable value and making a real difference. Our mining operations, growth projects and exploration and marketing activities extend across southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com