Annual Report 2007 - Antofagasta plc

US Dollars Sterling (1)2007 2006 2007 2006US$m US$m £m £mTurnover 3,826.7 3,870.0 1,913.0 2,104.9EBITDA (2) 2,824.0 2,957.3 1,411.7 1,608.5Profit before tax 2,750.2 2,859.0 1,374.8 1,555.0Net earnings (3) 1,382.1 1,354.3 690.9 736.6Capital expenditure (4) 466.0 539.0 233.0 293.2Net assets 4,906.5 3,948.1 2,464.1 2,017.52007 2006 2007 2006US cents US cents pence penceEarnings per share 140.2 137.4 70.1 74.7Dividends per ordinary shareproposed in relation to year (5)Ordinary dividends – interim 3.2 3.2– final 5.4 5.0Special dividends – interim 3.0 2.0– final 38.0 38.0Total 49.6 48.2(1) The sterling numbers are for illustrative purposes only. For 2007, an average rate of £1 = US$2.0004 (2006 – US$1.8386) has been used for theincome statement and a year-end rate of £1 = US$1.9912 (2006 – US$1.9569) has been used for the balance sheet.(2) EBITDA refers to Earnings Before Interest, Tax, Depreciation and Amortisation (defined in Note 5(a)(i)(vii) to the financial statements on page 95).EBITDA is reconciled to operating profit from subsidiaries and joint ventures in the Financial Review on page 26.(3) Net earnings refer to profit for the financial year attributable to equity holders of the Company.(4) Capital expenditure represents purchases of property, plant and equipment stated on an accruals basis (see Note 13 to the financial statementson page 105).(5) Dividends are paid in either sterling or US dollars. The conversion rate for final dividends to be paid in sterling will be set on 13 May 2008.Antofagasta plc Annual Report and Financial Statements 2007 3