Anglo American Annual Report 2012
Anglo American Annual Report 2012
Anglo American Annual Report 2012
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS7. EXPLORATION EXPENDITUREUS$ million <strong>2012</strong> 2011By commodityIron ore 23 5Metallurgical coal 18 5Thermal coal 14 9Copper 39 27Nickel 32 26Platinum group metals 4 5Diamonds 23 –Phosphates and niobium 2 –Central exploration activities 51 44206 1218. EMPLOYEE NUMBERS AND COSTSThe average number of employees, excluding contractors and associates’ employees, and including a proportionate share of employees within joint ventureentities, was:Thousand <strong>2012</strong> 2011By segmentIron Ore and Manganese (1) 8 7Metallurgical Coal 4 3Thermal Coal 9 9Copper 5 5Nickel 2 2Platinum 57 55Diamonds (2) 3 –Other Mining and Industrial (1) 16 17Corporate Activities and Unallocated Costs 2 2106 100(1)In <strong>2012</strong> Amapá has been reclassified from Iron Ore and Manganese to Other Mining and Industrial to align with internal management reporting. Comparatives have been reclassified to align withcurrent year presentation.(2)The average number of employees in Diamonds reflects the acquisition of De Beers from 16 August <strong>2012</strong>.The average number of employees by principal location of employment was:Thousand <strong>2012</strong> 2011South Africa 82 79Other Africa 2 1South America 11 10North America 1 –Australia and Asia 4 4Europe 6 6106 100Payroll costs in respect of the employees included in the tables above were:US$ million <strong>2012</strong> 2011Wages and salaries 4,522 4,201Social security costs 166 142Post employment benefits (1) 378 343Share-based payments (see note 29) 321 260Total payroll costs 5,387 4,946Reconciliation:Less: employee costs capitalised (247) (229)Less: employee costs included within special items (107) (10)Employee costs included in operating costs 5,033 4,707(1)Includes contributions to defined contribution pension and medical plans, and current service costs related to defined benefit pension and medical schemes, and other benefits provided tocertain employees during retirement, see note 28.In accordance with IAS 24 Related Party Disclosures (Amended), key management personnel are those persons having authority and responsibility forplanning, directing and controlling the activities of the Group, directly or indirectly, including any director (executive and non-executive) of the Group.Compensation for key management was as follows:US$ million <strong>2012</strong> 2011Salaries and short term employee benefits 24 23Social security costs 3 2Termination benefits 2 –Post employment benefits 3 8Share-based payments 25 2257 55Key management comprises members of the Board and the Executive Committee.Disclosure of directors’ emoluments, pension entitlements, share options and long term incentive plan awards required by the Companies Act 2006 and thosespecified for audit by Regulation 11 and Schedule 8 of the Large and Medium-Sized Companies and Groups (Accounts and <strong>Report</strong>s) Regulations 2008 areincluded in the Remuneration report.156 <strong>Anglo</strong> <strong>American</strong> plc <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong>