Examples of Alcan in a sentence
Loss after tax from discontinued operations for 30 June 2010 of US$61 million relates to the completion of the sale of the Alcan Packaging global pharmaceuticals, global tobacco, food Europe and food Asia divisions to Amcor on 1 February 2010, and the Alcan Packaging Food Americas division to Bemis Company Inc.
An impairment of US$565 million (30 June 2009: nil; 31 December 2009: US$687 million) relating to the Alcan Engineered Products businesses has been recognised at 30 June 2010.
This impairment was based on an estimate of fair value less costs to sell, which was the Group's best estimate of expected proceeds to be realised on sale, less an estimate of remaining costs to sell.Additionally, 'Loss after tax from discontinued operations' included a US$167 million tax charge for 30 June 2009 and a US$131 million tax charge for 31 December 2009 relating to an increase in the Group's estimate of the tax to be paid on sale of the Alcan Packaging business.
An impairment of US$355 million and US$318 million was recognised at 30 June 2009 and 31 December 2009 respectively, relating to the Alcan Packaging business and is included in 'Loss after tax from discontinued operations'.
Profits arising on the disposal of interests in businesses for the year ended 31 December 2009 relate principally to sales of the Corumba iron ore mine, the Jacobs Ranch coal mine, the sale of 52 per cent of Rio Tinto's interest in Cloud Peak Energy Resources LLC (CPER) and are partially offset by a loss from the sale of Alcan Composites.