International Financial Reporting Standards (IFRS) restatements for 2004 and update on adoption of IFRS
For 2004 and previous years, Anglo American has prepared its Group financial statements under UK Generally Accepted Accounting Principles (UK GAAP). In accordance with EU regulations, the Group is required to adopt IFRS from 1 January 2005 and prepare its Group financial statements on an IFRS basis. Anglo American will report under IFRS for the first time in its interim results for the six months to 30 June 2005 and the Group's first annual report under IFRS will be for the 2005 financial year. The IFRS results for the six months to 30 June 2005 and the year to 31 December 2005 will include comparative IFRS information for the relevant corresponding period in 2004.
