Anglo American Annual Report 2012

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FINANCIAL STATEMENTSRESPONSIBILITY STATEMENTfor the year ended 31 December 2012We confirm that to the best of our knowledge:(a) the financial statements, prepared in accordance with the applicable setof accounting standards, give a true and fair view of the assets, liabilities,financial position and loss of Anglo American plc and the undertakingsincluded in the consolidation taken as a whole; and(b) the Operating and financial review includes a fair review of thedevelopment and performance of the business and the position of AngloAmerican plc and the undertakings included in the consolidation taken asa whole, together with a description of the principal risks and uncertaintiesthat they face.By order of the BoardCynthia CarrollChief ExecutiveRené MédoriFinance Director136 Anglo American plc Annual Report 2012
INDEPENDENT AUDITOR’S REPORTTO THE MEMBERS OF ANGLO AMERICAN PLCWe have audited the financial statements of Anglo American plc for theyear ended 31 December 2012 which comprise the Consolidated incomestatement, the Consolidated statement of comprehensive income, theConsolidated balance sheet, the Consolidated cash flow statement, theConsolidated statement of changes in equity, the accounting policies, therelated notes 2 to 39 and the balance sheet of the Company and relatedinformation in note 40. The financial reporting framework that has beenapplied in the preparation of the Group financial statements is applicable lawand International Financial Reporting Standards (IFRSs) as adopted by theEuropean Union. The financial reporting framework that has been applied inthe preparation of the Company financial statements is applicable law andUnited Kingdom Accounting Standards (United Kingdom Generally AcceptedAccounting Practice).This report is made solely to the Company’s members, as a body, inaccordance with Chapter 3 of Part 16 of the Companies Act 2006. Our auditwork has been undertaken so that we might state to the Company’s membersthose matters we are required to state to them in an auditor’s report and forno other purpose. To the fullest extent permitted by law, we do not accept orassume responsibility to anyone other than the Company and the Company’smembers as a body, for our audit work, for this report, or for the opinions wehave formed.Respective responsibilities of directors and auditorAs explained more fully in the Statement of directors’ responsibilities, thedirectors are responsible for the preparation of the financial statements andfor being satisfied that they give a true and fair view. Our responsibility is toaudit and express an opinion on the financial statements in accordance withapplicable law and International Standards on Auditing (UK and Ireland).Those standards require us to comply with the Auditing Practices Board’s(APB’s) Ethical Standards for Auditors.Scope of the audit of the financial statementsAn audit involves obtaining evidence about the amounts and disclosures inthe financial statements sufficient to give reasonable assurance that thefinancial statements are free from material misstatement, whether causedby fraud or error. This includes an assessment of: whether the accountingpolicies are appropriate to the Group’s and the Company’s circumstances andhave been consistently applied and adequately disclosed; the reasonablenessof significant accounting estimates made by the directors; and the overallpresentation of the financial statements. In addition, we read all the financialand non-financial information in the annual report to identify materialinconsistencies with the audited financial statements. If we become awareof any apparent material misstatements or inconsistencies we consider theimplications for our report.Matters on which we are required to report by exceptionWe have nothing to report in respect of the following:Under the Companies Act 2006 we are required to report to you if, in ouropinion:• adequate accounting records have not been kept by the Company, orreturns adequate for our audit have not been received from branches notvisited by us; or• the Company financial statements and the part of the Remunerationreport to be audited are not in agreement with the accounting recordsand returns; or• certain disclosures of directors’ remuneration specified by law are notmade; or• we have not received all the information and explanations we require forour audit.Under the Listing Rules we are required to review:• the directors’ statement contained within the Directors’ report in relationto going concern;• the part of the Corporate governance section relating to the Company’scompliance with the nine provisions of the UK Corporate GovernanceCode specified for our review; and• certain elements of the report to shareholders by the Board on directors’remuneration.Carl D. Hughes (Senior Statutory Auditor)for and on behalf of Deloitte LLPChartered Accountants and Statutory AuditorLondon, United Kingdom14 February 2013Financial statementsOpinion on financial statementsIn our opinion:• the financial statements give a true and fair view of the state of the Group’sand of the Company’s affairs as at 31 December 2012 and of the Group’sloss and the Company’s profit for the year then ended;• the Group financial statements have been properly prepared in accordancewith IFRSs as adopted by the European Union;• the Company financial statements have been properly prepared inaccordance with United Kingdom Generally Accepted AccountingPractice; and• the financial statements have been prepared in accordance with therequirements of the Companies Act 2006; and, as regards the Groupfinancial statements, Article 4 of the IAS Regulation.Opinion on other matters prescribed by the CompaniesAct 2006In our opinion:• the part of the Remuneration report to be audited has been properlyprepared in accordance with the Companies Act 2006; and• the information given in the Directors’ report for the financial year for which thefinancial statements are prepared is consistent with the financial statements.Anglo American plc Annual Report 2012 137
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A BALANCEDPORTFOLIOWITH THE FUTURE
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HeadquartersLondon,United KingdomCo
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OVERVIEW CHAIRMAN’S STATEMENTCHAI
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OVERVIEW MARKETPLACEA BRIGHTER OUTL
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OVERVIEW OUR STRATEGY AND BUSINESS
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OVERVIEW CHIEF EXECUTIVE’S STATEM
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OPERATING AND FINANCIAL REVIEW KEY
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OTHER INFORMATION PRODUCTION STATIS
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OTHER INFORMATIONKEY FINANCIAL DATA
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OTHER INFORMATIONSHAREHOLDER INFORM
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Anglo American plc20 Carlton House
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Anglo American Annual Report 2012

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