 |
|
| |
2004 |
2005 |
2006 |
|
| CONSOLIDATED INCOME STATEMENT ITEMS (in millions of US$) |
|
|
|
| Sales and operating revenues |
24,948 |
20,320 |
23,641 |
| Cost of sales and operating expenses |
20,270 |
16,135 |
17,990 |
| Depreciation and amortization |
1,337 |
1,080 |
1,043 |
| Selling, administrative and general expenses |
1,615 |
1,402 |
1,475 |
| Research and development expenses |
239 |
227 |
220 |
| Interest |
346 |
350 |
284 |
| Goodwill impairment |
154 |
122 |
- |
| Restructuring charges and Other expenses |
408 |
681 |
256 |
| Income taxes |
375 |
257 |
665 |
| Equity income |
54 |
88 |
85 |
| Minority interests |
(15) |
1 |
(7) |
|
| Income from continuing operations |
243 |
155 |
1,786 |
| Income (Loss) from discontinued operations |
15 |
(26) |
4 |
|
| Income before cumulative effect of accounting change |
258 |
129 |
1,790 |
| Cumulative effect of accounting change, net of income tax |
- |
- |
(4) |
|
| Net income |
258 |
129 |
1,786 |
|
| CONSOLIDATED BALANCE SHEET ITEMS (in millions of US$) |
|
|
|
| Operating working capital* |
2,380 |
1,380 |
1,861 |
| Total assets |
33,341 |
26,638 |
28,939 |
| Total debt* |
9,400 |
6,415 |
5,979 |
| Deferred income taxes – net* |
482 |
184 |
56 |
| Minority interests* |
236 |
67 |
71 |
| Preference shares |
160 |
160 |
160 |
| Common Shareholders’ equity |
10,566 |
9,484 |
10,934 |
|
| PER COMMON SHARE (in US$) |
|
|
|
| Net income basic |
0.69 |
0.33 |
4.75 |
| Dividends paid |
0.60 |
0.60 |
0.70 |
| Common Shareholders' equity |
28.56 |
25.50 |
29.81 |
| Market price – NYSE close |
49.04 |
40.95 |
48.74 |
|
| OPERATING DATA (in thousands of tonnes except for LME price) |
|
|
|
| Consolidated aluminum shipments |
|
|
|
| Ingot products (includes primary and secondary ingot, trading and scrap) |
2,012 |
3,070 |
3,018 |
|
| Entities transferred to Novelis |
2,815 |
- |
- |
|
| Aluminum used in engineered products and packaging |
1,469 |
1,269 |
1,315 |
|
| Total fabricated products |
4,284 |
1,269 |
1,315 |
|
| Total aluminum volume |
6,296 |
4,339 |
4,333 |
|
| Consolidated primary aluminum production |
3,382 |
3,420 |
3,406 |
|
| Consolidated aluminum purchases |
2,172 |
843 |
967 |
|
| Consolidated aluminum inventories (end of year) |
831 |
341 |
229 |
|
| Primary aluminum capacity |
|
|
|
|
| Total consolidated subsidiaries and joint ventures |
3,435 |
3,483 |
3,468 |
|
| Average three-month LME price (US$ per tonne) |
1,721 |
1,900 |
2,594 |
|
| OTHER STATISTICS (in millions of US$, unless otherwise stated) |
|
|
|
|
| Cash from operating activities from continuing operations |
1,739 |
1,535 |
3,040 |
|
| Cash used for capital expenditures |
1,269 |
1,742 |
2,081 |
|
| Cash used for business acquisitions |
466 |
112 |
201 |
|
| Business group profit (BGP)** |
3,611 |
2,873 |
4,380 |
|
| Payroll/benefits*** |
3,314 |
4,232 |
4,404 |
|
| Average capital employed**** |
20,600 |
17,000 |
17,000 |
|
| Debt as a percentage of invested capital (%) |
46 |
40 |
35 |
|
| Average number of employees (in thousands) |
82 |
63 |
65 |
|
| Common Shareholders – registered (in thousands at end of year) |
18 |
17 |
17 |
|
| Common Shares outstanding |
370 |
372 |
367 |
|
| Return on average Common Shareholders' equity (%) |
2 |
1 |
17 |
|
| * |
Excludes assets and liabilities of operations held for sale. |
| ** |
For a definition of "Business Group Profit (BGP)", please refer to the Glossary section of this Report. Further information on Business Groups is disclosed in note 33 – Information by Operating Segments in the Company's 2006 Annual Report on Form 10-K. |
| *** |
Payroll/Benefits includes all costs for active employees on an accrual basis for gross wages and salaries, variable compensation, bonuses and all fringe benefits such as pension, life insurance, unemployment insurance, medical and dental plans. |
| **** |
Capital employed is the sum of total debt and borrowings, net deferred income taxes, minority interests, preference shares, common shareholders’ equity and net assets held for sale. |
|
|
|
|
|
|
