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f2b9c750-766d-11e2-bbbe-33fbfefef932_RIO (1)

f2b9c750-766d-11e2-bbbe-33fbfefef932_RIO (1)

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Published by Belinda Winkelman

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Published by: Belinda Winkelman on Feb 14, 2013
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(b) Gains and losses on consolidation and disposal of interests in businesses for the year ended 31 December 2012
relate principally to a gain of US$965 million arising on consolidation of Richards Bay Minerals (‘RBM’) with effect
from 3 September 2012 and a US$167 million loss on consolidation of Turquoise Hill Resources Ltd. (formerly
Ivanhoe Mines Limited) on 24 January 2012. Refer to 'Acquisitions and disposals' on pages 40 to 42.

Net profit on disposal of interests in businesses also includes gains and losses arising from the disposal of the
Group's Specialty Alumina Division on 1 August 2012, the Alcan Cable North America and Asia businesses on 5
September 2012 and 3 December 2012 respectively, and the Lynemouth Power Station on 19 December 2012.

Profits arising on the disposal of interests in businesses for the year ended 31 December 2011 relate principally to
the divestment of the Group's talc business and of its Colowyo mine. Refer to 'Acquisitions and disposals' on page
45.

(c) Profits on disposal of interests in undeveloped projects in 2012 relate principally to the disposal of the Group's
investments in Extract Resources Limited and Kalahari Minerals plc.

(d) Taxation is net of a credit of US$1,205 million arising from recognition of a deferred tax asset following introduction
of the Minerals Resource Rent Tax ('MRRT') on 1 July 2012. Refer to 'Prima facie tax reconciliation' on page 39.

(e) For the purposes of calculating basic (loss)/earnings per share, the weighted average number of Rio Tinto plc and
Rio Tinto Limited shares outstanding during the year was 1,849.1 million (31 December 2011: 1,923.1 million),
being the weighted average number of Rio Tinto plc shares outstanding of 1,413.4 million (31 December 2011:
1,487.3 million) and the weighted average number of Rio Tinto Limited shares of 435.8 million (31 December 2011:
435.8 million). In 2012, no Rio Tinto Limited shares were held by Rio Tinto plc (31 December 2011: nil). The
(loss)/profit figure used in the calculation of basic and diluted (loss)/earnings per share is based on the (loss)/profit
for the year attributable to owners of Rio Tinto.

For the purposes of calculating diluted (loss)/earnings per share, the effect of dilutive securities is added to the
weighted average number of shares. This effect is calculated using the treasury stock method.

In accordance with IAS 33 'Earnings per share', the effects of anti-dilutive potential have not been included when
calculating diluted loss per share for the year ended 31 December 2012.

Continues

Page 31 of 47

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