Anglo American Annual Report 2012

FINANCIAL STATEMENTS PRINCIPAL STATEMENTSCONSOLIDATED INCOME STATEMENTfor the year ended 31 December 2012Before specialitems andremeasurementsSpecial items andremeasurements(note 5)2012 2011Before specialitems andremeasurementsSpecial items andremeasurements(note 5)US$ millionNoteTotalTotalGroup revenue 2 28,761 – 28,761 30,580 – 30,580Total operating costs (23,356) (7,093) (30,449) (20,912) (229) (21,141)Operating (loss)/profit from subsidiaries and jointventures 2, 3 5,405 (7,093) (1,688) 9,668 (229) 9,439Non-operating special items and remeasurements 5 – 1,394 1,394 – 183 183Share of net income from associates 2, 17 493 (61) 432 978 (1) 977Total profit from operations and associates 5,898 (5,760) 138 10,646 (47) 10,599Investment income 597 – 597 668 – 668Interest expense (798) – (798) (695) – (695)Other financing (losses)/gains (87) (89) (176) 7 203 210Net finance (costs)/income 9 (288) (89) (377) (20) 203 183(Loss)/profit before tax 5,610 (5,849) (239) 10,626 156 10,782Income tax expense 11a (1,488) 1,113 (375) (2,741) (119) (2,860)(Loss)/profit for the financial year 4,122 (4,736) (614) 7,885 37 7,922Attributable to:Non-controlling interests 1,283 (404) 879 1,765 (12) 1,753Equity shareholders of the Company 2,839 (4,332) (1,493) 6,120 49 6,169(Loss)/earnings per share (US$)Basic 13 2.26 (3.45) (1.19) 5.06 0.04 5.10Diluted 13 2.24 (3.43) (1.19) 4.85 0.04 4.89CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOMEfor the year ended 31 December 2012US$ million Note 2012 2011(Loss)/profit for the financial year (614) 7,922Net gain on revaluation of available for sale investments 173 115Net loss on cash flow hedges – (94)Net exchange difference on translation of foreign operations (including associates) (747) (4,060)Actuarial net gain/(loss) on post employment benefit schemes 165 (214)Share of associates’ expense recognised directly in equity, net of tax (6) (32)Tax on items recognised directly in equity 11c (115) 24Net expense recognised directly in equity (530) (4,261)Transferred to income statement: disposal of available for sale investments (57) (10)Transferred to income statement: impairment of available for sale investments 84 –Transferred to income statement: cash flow hedges 4 5Transferred to initial carrying amount of hedged items: cash flow hedges 5 54Transferred to income statement: net exchange difference on disposal of foreign operations 24 45Share of associate's net expense transferred from equity (10) –Tax on items transferred from equity 11c 29 (14)Total transferred from equity 79 80Total comprehensive (expense)/income for the financial year (1,065) 3,741Attributable to:Non-controlling interests 842 1,142Equity shareholders of the Company (1,907) 2,599138 Anglo American plc Annual Report 2012