Discontinued Operations and Disposals (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Results of Discontinued Operations

Below is a summary of the results of the discontinued operation as well as the related assets and liabilities distributed.


	Fiscal Year Ended December 31,
	2013			2012
Product sales		310.7			2,021.2
Costs and expenses		(285.7	)		(1,737.8	)

Income before tax and share of equity investee’s profits		25.0			283.4
Income and mining tax expense		(5.4	)		67.5

Income before share of equity investee’s profits		19.6			350.9
Share of equity investee’s profits		0.9			11.4

Net income		20.5			362.3


Property, plant and equipment, net		1,987.3
Non-current investments		187.0
Current assets		285.4
Current liabilities		(234.8	)
Non-current liabilities		(1,191.2	)

Net carrying value		1,033.7
Net asset value distributed		(1,033.7	)

Profit on distribution		—

Summary of Chucapaca's Assets and Liabilities Sold

Below is a summary of Chucapaca’s assets and liabilities sold in 2014:


	December 31, 2014
Net assets disposed of		8.7
Noncontrolling interest		0.5
Cash received		81.0

Profit on disposal		72.8

Summary of Assets Held for Sale

Following the decision to dispose of non-core projects, Arctic Platinum (fiscal 2013: Arctic Platinum and Yanfolila) is classified as held for sale and valued at the lower of fair value less cost to sell or carrying value. The disposal is expected to be completed during fiscal 2015.


	December 31, 2014		December 31, 2013
Arctic Platinum		31.0		31.0
Yanfolila ^1,2		—		16.0

Total assets held for sale		31.0		47.0

(1)

Refer to note 4 for details on the impairment in fiscal 2013.

(2)

Refer to note 3 for details on the disposal of Yanfolila during fiscal 2014.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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