Changes for page Antofagasta plc
Last modified by Asif Farooqui on 2021/12/22 13:05
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... ... @@ -121,37 +121,35 @@ 121 121 122 122 . 123 123 124 -[[image:ANTO6.png]] 125 125 125 + 126 + 126 126 = Financial Highlights = 127 127 128 -The profit for the financial year attributable to the owners of the parent (including exceptional items and discontinued operations) increased from $501.4 million in 2019 to $506.4 million in the year 2020. Excluding exceptional items and discontinued operations the profit attributable to the owners of the parent increased by $37.9 million to $539.3 million. The $164.8 million increase in revenue from $4,964.5 million in 2019 to $5,129.3 million in the year 2020. {{footnote}}https://www.antofagasta.co.uk/media/4098/antofagasta_2020_annual_report.pdf{{/footnote}}129 +The profit for the financial year attributable to the owners of the parent (including exceptional items and discontinued operations) increased from $501.4 million in 2019 to $506.4 million in the year 2020. Excluding exceptional items and discontinued operations the profit attributable to the owners of the parent increased by $37.9 million to $539.3 million. The $164.8 million increase in revenue from $4,964.5 million in 2019 to $5,129.3 million in the year 2020. 129 129 131 +[[https:~~/~~/www.antofagasta.co.uk/media/4098/antofagasta_2020_annual_report.pdf>>url:https://www.antofagasta.co.uk/media/4098/antofagasta_2020_annual_report.pdf]] 130 130 131 - **Revenue from the Mining division**133 +Revenue from the Mining division 132 132 133 133 Revenue from the Mining division increased by $175.9 million, or 3.7%, to $4,979.9 million, compared with $4,804.0 million in 2019. The increase reflected a $264.8 million improvement in copper sales partly offset by a $88.9 million decrease in by-product revenue. 134 134 137 +Revenue from copper sales 135 135 136 -**Revenue from copper sales** 137 - 138 138 Revenue from copper concentrate and copper cathode sales increased by $264.8 million, or 6.5%, to $4,348.2 million, compared with $4,083.4 million in 2019. The increase reflected the impact of $348.4 million from higher realised prices and $69.7 million from lower treatment and refining charges, partly offset by $153.3 million from lower sales volumes. 139 139 141 +Revenue from the Transport division 140 140 141 -**Revenue from the Transport division** 142 - 143 143 Revenue from the Transport division (FCAB) decreased by $11.1 million or 6.9% to $149.4 million (2019 – $160.5 million), mainly due to the effect of the weaker Chilean peso, and lower sales volumes of freight transported and industrial water. 144 144 145 +EBITDA 145 145 146 -**EBITDA** 147 - 148 148 EBITDA (earnings before interest, tax, depreciation and amortisation) increased by $300.3 million or 12.3% to $2,739.2 million (2019 – $2,438.9 million). EBITDA includes the Group’s proportional share of EBITDA from associates and joint ventures. EBITDA from the Mining division increased by 13.6% from $2,358.1 million in 2019 to $2,678.2 million this year. This reflected the higher revenue and lower mine-site costs, decreased exploration and evaluation expenditure and lower corporate costs, partly offset by higher other mining expenses and lower EBITDA from associates and joint ventures. EBITDA at the Transport division decreased by $19.8 million to $61.0 million in 2020 ($80.8 million – 2019), reflecting the lower revenue and decreased EBITDA from associates and joint ventures, partly offset by the lower operating costs. 149 149 150 150 nterest income decreased from $47.1 million in 2019 to $18.9 million in 2020, mainly due to the decrease in average interest rates partly offset by the higher average cash balance. Interest expense decreased slightly from $111.1 million in 2019 to $77.1 million in 2020, reflecting both a decrease in the average LIBOR rate and also a reduction in the average relevant debt balances. Other finance items were a net loss of $45.2 million, compared with a net gain of $13.0 million in 2019, a variance of $58.2 million. This was mainly due to the foreign exchange impact, which was a $28.9 million loss in 2020 compared with a $35.8 million gain in 2019, due to the retranslation of Chilean peso denominated assets and liabilities. 151 151 151 +Profit before tax 152 152 153 -**Profit before tax** 154 - 155 155 As a result of the factors set out above, profit before tax increased by 4.7% to $1,413.1 million (2019 – $1,349.2 million). 156 156 157 157 ... ... @@ -231,7 +231,6 @@ 231 231 232 232 For the first nine months of the year, transport volumes increased by 3.0% compared to the same period in 2020 as the new transport contract took effect, partially offset by customers’ road transport disruptions. 233 233 234 -{{putFootnotes/}} 235 235 236 236 = References = 237 237
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