Selected Financial Data

Reconciliation of profit/(loss) before tax to Adjusted EBITDA to for the twelve-month periods ended:

  31 December
2010
30 June
2010
31 December
2009
30 June
2009
31 December
2008
  in millions of U.S. dollars
Profit (loss) before tax 185 (59) (427) (198) 308
Depreciation and amortisation 301 313 313 308 248
Finance costs/(income), net 412 414 404 365 264
Impairment of assets - 10 47 112 87
Loss/(gain)on changes in fair value of derivative financial 12 (32) - - -
Foreign exchange (gain)/loss, net (10) (40) (14) 127 100
Loss on disposal of property, plant and equipment 10 10 4 3 2
Movement in provisions 32 (18) 3 60 36
Other non-cash items - (1) (2) (1) 2
Adjusted EBITDA 942 597 328 776 1,047

Net debt has been calculated as of:

  31 December
2010
30 June
2010
31 December
2009
30 June
2009
31 December
2008
  in millions of U.S. dollars
Short-term loans and borrowings 702 829 1,538 1,969 2,217
Long-term loans and borrowings 3,170 2,815 2,214 1,682 994
TOTAL DEBT 3,872 3,644 3,752 3,651 3,211
Net of:          
Cash and short-term financial investments (161) (89) (248) (90) (147)
NET DEBT 3,711 3,555 3,504 3,561 3,064

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