Anglo Posts $5bn Operating Profit
Monday, February 22, 2010
Anglo said that $4,5-billion of the operating profit was from core operations.Underlying earnings of $2,6-billion and underlying earnings a share of $2,14 were reported. Profit attributable to equity shareholders was $2,4-billion and net debt was held at $11-billion. Committed undrawn bank facilities and cash as at December 31, 2009, totalled $12-billion.
The company, headed by CEO Cynthia Carroll, said that asset optimisation and procurement efficiencies had realised savings of more than $1,6-billion, $1,4-billion of which was from core operations. An asset optimisation and procurement target of $2-billion has been set from core businesses alone by 2011.
The fees have been doubled from the previous amounts and raise concerns about political participation accessibility and democratic representation principles.This significant fee increase prompts questions regarding its impact on grassroots democracy.On one hand, the fees act as a filter, ensuring only serious contenders enter the race, potentially reducing frivolous candidacies and generating crucial campaign funds. The BDP argues that aspiring...