Anglo American Annual Report 2009
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- Production statistics
- Quarterly production statistics
- Exchange rates and commodity prices
- Key financial data
- Summary by business operation
- Reconciliation of earnings by segment
- Reconciliation of subsidiaries' and associate's reported earnings to the Underlying earnings included in the consolidated financial statements
- The business - an overview
- Shareholder information
- Other Anglo American publications
Reconciliation of earnings by segment
The following tables reconcile operating profit and underlying earnings by segment as reported in the 2008 Annual Report to the comparative amounts reported in note 2 and note 3 respectively. The adjustments reflect the portfolio and management structure changes announced in October 2009.
Operating profit
| US$ million | Pre- restructuring | Structural changes | Divisional cost apportionment | Corporate cost allocation | As reported (note 2) | ||
|---|---|---|---|---|---|---|---|
| 2008 | |||||||
| Platinum | 2,226 | - | - | (57) | 2,169 | Platinum | |
| Diamonds | 508 | - | - | - | 508 | Diamonds | |
| Base Metals | 2,505 | ||||||
| Copper | 2,017 | (67) | (5) | (53) | 1,892 | Copper | |
| Codemin, Loma de Níquel | 153 | (19) | (5) | (6) | 123 | Nickel | |
| Catalão, Namakwa Sands, Copebrás, Zinc | 490 | (490) | - | - | - | ||
| Other | (155) | 90 | 65 | - | - | ||
| Ferrous Metals and Industries | 2,935 | ||||||
| Kumba Iron Ore, Iron Ore Brazil, Samancor | 2,590 | - | - | (36) | 2,554 | Iron Ore and Manganese | |
| Scaw, Tongaat Hulett/Hulamin | 366 | (366) | - | - | - | ||
| Other | (21) | 2 | 19 | - | - | ||
| Coal | 2,240 | ||||||
| Australia | 1,144 | (5) | - | (29) | 1,110 | Metallurgical Coal | |
| South Africa | 736 | 372 | (4) | (26) | 1,078 | Thermal Coal | |
| South America | 396 | (396) | - | - | - | ||
| Canada | 8 | (8) | - | - | - | ||
| Projects and corporate | (44) | 16 | 28 | - | - | ||
| Industrial Minerals | 228 | 881 | (6) | (21) | 1,082 | Other Mining and Industrial | |
| Exploration | (212) | - | - | - | (212) | Exploration | |
| Corporate Activities and Unallocated Costs |
(345) | (10) | (92) | 228 | (219) | Corporate Activities and Unallocated Costs | |
| 10,085 | - | - | - | 10,085 |
Underlying earnings
| US$ million | Pre- restructuring | Structural changes | Divisional cost apportionment | Corporate cost allocation | As reported (note 3) | ||
|---|---|---|---|---|---|---|---|
| 2008 | |||||||
| Platinum | 1,313 | - | - | (57) | 1,256 | Platinum | |
| Diamonds | 256 | - | - | - | 256 | Diamonds | |
| Base Metals | 1,369 | ||||||
| Copper | 1,171 | (69) | (5) | (53) | 1,044 | Copper | |
| Codemin, Loma de Níquel | (3) | (21) | (5) | (6) | (35) | Nickel | |
| Catalão, Namakwa Sands, Copebrás, Zinc | 349 | (349) | - | - | - | ||
| Other | (148) | 83 | 65 | - | - | ||
| Ferrous Metals and Industries | 1,396 | ||||||
| Kumba Iron Ore, Iron Ore Brazil, Samancor | 1,186 | - | - | (36) | 1,150 | Iron Ore and Manganese | |
| Scaw, Tongaat Hulett/Hulamin | 218 | (218) | - | - | - | ||
| Other | (8) | (11) | 19 | - | - | ||
| Coal | 1,581 | ||||||
| Australia | 797 | (4) | - | (29) | 764 | Metallurgical Coal | |
| South Africa | 543 | 241 | (4) | (26) | 754 | Thermal Coal | |
| South America | 257 | (257) | - | - | - | ||
| Canada | 11 | (11) | - | - | - | ||
| Projects and corporate | (27) | (1) | 28 | - | - | ||
| Industrial Minerals | 173 | 588 | (6) | (21) | 734 | Other Mining and Industrial | |
| Exploration | (200) | - | - | - | (200) | Exploration | |
| Corporate Activities and Unallocated Costs | (651) | 29 | (92) | 228 | (486) | Corporate Activities and Unallocated Costs | |
| 5,237 | - | - | - | 5,237 |
Annual Report 2009