Xstrata Plc - annual report 2007

Comparison of Pro Forma and Statutory Segmental Analysis

For the year ended 31 December

Events After Balance Sheet Date
	Statutory			Pro Forma
US$m	Before exceptional items	Exceptional items	Total 2007	Before exceptional items	Exceptional items	Total 2006
Revenue
External parties:
Coal	4,201	–	4,201	3,757	–	3,757
Chrome	1,064	–	1,064	748	–	748
Platinum	129	–	129	12	–	12
Vanadium	159	–	159	199	–	199
Copper	12,794	–	12,794	12,508	–	12,508
Nickel	5,252	–	5,252	3,364	–	3,364
Zinc Lead	4,726	–	4,726	4,774	–	4,774
Technology	217	–	217	120	–	120
Revenue (continuing operations)	28,542	–	28,542	25,482	–	25,482
Discontinued operations:
Aluminium	542	–	542	1,395	–	1,395
Total	29,084	–	29,084	26,877	–	26,877
EBITDA
Coal	1,194	–	1,194	1,320	16	1,336
Chrome	310	–	310	141	–	141
Platinum	66	(25)	41	11	–	11
Vanadium	72	–	72	111	–	111
Copper	4,987	–	4,987	5,399	–	5,399
Nickel	2,577	275	2,852	1,386	–	1,386
Zinc Lead	1,822	–	1,822	1,946	–	1,946
Technology	47	–	47	26	–	26
Unallocated	(187)	–	(187)	(185)	63	(122)
EBITDA (continuing operations)	10,888	250	11,138	10,155	79	10,234
Discontinued operations:
Aluminium	120	13	133	286	–	286
Total	11,008	263	11,271	10,441	79	10,520
Depreciation and amortisation
Coal	504	–	504	383	–	383
Chrome	44	–	44	23	–	23
Platinum	7	–	7	–	–	–
Vanadium	8	–	8	6	–	6
Copper	824	–	824	871	–	871
Nickel	405	–	405	455	–	455
Zinc Lead	293	–	293	273	–	273
Technology	4	–	4	4	–	4
Unallocated	7	–	7	8	–	8
Total (continuing operations)	2,096	–	2,096	2,023	–	2,023
Discontinued operations:
Aluminium	31	–	31	78	–	78
Total	2,127	–	2,127	2,101	–	2,101

Events After Balance Sheet Date
	Statutory			Pro Forma
US$m	Before exceptional items	Exceptional items	Total 2007	Before exceptional items	Exceptional items	Total 2006
Profit before interest and taxation (EBIT)
Coal	690	–	690	937	16	953
Chrome	266	–	266	118	–	118
Platinum	59	(25)	34	11	–	11
Vanadium	64	–	64	105	–	105
Copper	4,163	–	4,163	4,528	–	4,528
Nickel	2,172	275	2,447	931	–	931
Zinc Lead	1,529	–	1,529	1,673	–	1,673
Technology	43	–	43	22	–	22
Unallocated	(194)	–	(194)	(193)	63	(130)
EBIT (continuing operations)	8,792	250	9,042	8,132	79	8,211
Discontinued operations:
Aluminium	89	13	102	208	–	208
Total	8,881	263	9,144	8,340	79	8,419

Events After Balance Sheet Date
US$m	Statutory 2007	Pro Forma 2006
Capital expenditure
Sustaining:
Coal	460	235
Chrome	47	36
Vanadium	9	4
Copper	425	257
Nickel	281	162
Zinc Lead	219	114
Technology	3	1
Unallocated	11	5
Total sustaining (continuing operations)	1,455	814
Discontinued operations:
Aluminium	12	33
Total	1,467	847
Expansionary:
Coal	347	295
Chrome	46	161
Platinum	17	58
Vanadium	1	1
Copper	296	257
Nickel	424	294
Zinc Lead	285	158
Technology	1	1
Total expansionary (continuing operations)	1,417	1,225
Discontinued operations:
Aluminium	1	22
Total	1,418	1,247
Total:
Coal	807	530
Chrome	93	197
Platinum	17	58
Vanadium	10	5
Copper	721	514
Nickel	705	456
Zinc Lead	504	272
Technology	4	2
Unallocated	11	5
Total (from continuing operations)	2,872	2,039
Discontinued operations:
Aluminium	13	55
Total	2,885	2,094

Geographical segments

The following tables present revenue and profit information and certain asset and liability information regarding the Group’s geographical segments for the years ended 31 December 2007 and 2006.

Events After Balance Sheet Date
	Statutory			Pro Forma
US$m	Before exceptional items	Exceptional items	Total 2007	Before exceptional items	Exceptional items	Total 2006
Revenue by origin
External parties:
Africa	2,272	–	2,272	1,673	–	1,673
North America	10,448	–	10,448	9,004	–	9,004
South America	7,673	–	7,673	7,396	–	7,396
Australasia	5,490	–	5,490	4,815	–	4,815
Europe	2,659	–	2,659	2,594	–	2,594
Revenue (continuing operations)	28,542	–	28,542	25,482	–	25,482
Discontinued operations:
North America	542	–	542	1,395	–	1,395
Total	29,084	–	29,084	26,877	–	26,877

Revenue by destination
External parties:
Africa	449	–	449	243	–	243
North America	7,000	–	7,000	7,540	–	7,540
South America	1,582	–	1,582	1,180	–	1,180
Asia	8,594	–	8,594	6,801	–	6,801
Australasia	1,176	–	1,176	923	–	923
Europe	9,662	–	9,662	8,694	–	8,694
Middle east	79	–	79	101	–	101
Revenue (continuing operations)	28,542	–	28,542	25,482	–	25,482
Discontinued operations:
North America	542	–	542	1,395	–	1,395
Total	29,084	–	29,084	26,877	–	26,877

EBITDA
Africa	683	(25)	658	439	–	439
North America	2,811	275	3,086	2,388	–	2,388
South America	4,614	–	4,614	4,444	–	4,444
Australasia	2,478	–	2,478	2,519	16	2,535
Europe	489	–	489	550	–	550
Unallocated	(187)	–	(187)	(185)	63	(122)
EBITDA (continuing operations)	10,888	250	11,138	10,155	79	10,234
Discontinued operations:
North America	120	13	133	286	–	286
Total	11,008	263	11,271	10,441	79	10,520

Events After Balance Sheet Date
	Statutory			Pro Forma
US$m	Before exceptional items	Exceptional items	Total 2007	Before exceptional items	Exceptional items	Total 2006
Depreciation and amortisation
Africa	185	–	185	106	–	106
North America	584	–	584	754	–	754
South America	751	–	751	728	–	728
Australasia	526	–	526	390	–	390
Europe	43	–	43	37	–	37
Unallocated	7	–	7	8	–	8
Total (continuing operations)	2,096	–	2,096	2,023	–	2,023
Discontinued operations:
North America	31	–	31	78	–	78
Total	2,127	–	2,127	2,101	–	2,101
EBIT
Africa	498	(25)	473	333	–	333
North America	2,227	275	2,502	1,634	–	1,634
South America	3,863	–	3,863	3,716	–	3,716
Australasia	1,952	–	1,952	2,129	16	2,145
Europe	446	–	446	513	–	513
Unallocated	(194)	–	(194)	(193)	63	(130)
EBIT (continuing operations)	8,792	250	9,042	8,132	79	8,211
Discontinued operations:
North America	89	13	102	208	–	208
Total	8,881	263	9,144	8,340	79	8,419

Geographical segments
US$m	Statutory 2007	Pro Forma 2006
Capital expenditure
Sustaining:
Africa	184	99
North America	371	178
South America	264	178
Australasia	588	324
Europe	37	30
Unallocated	11	5
Total sustaining (continuing operations)	1,455	814
Discontinued operations:
North America	12	33
Total	1,467	847

Expansionary:
Africa	221	352
North America	311	203
South America	278	113
Australasia	585	534
Europe	22	23
Total expansionary (continuing operations)	1,417	1,225
Discontinued operations:
North America	1	22
Total	1,418	1,247

Total:
Africa	405	451
North America	682	381
South America	542	291
Australasia	1,173	858
Europe	59	53
Unallocated	11	5
Total (continuing operations)	2,872	2,039
Discontinued operations:
North America	13	55
Total	2,885	2,094

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Annual Report 2007

Comparison of Pro Forma and Statutory Segmental Analysis

Geographical segments