2.2.0.7 false Income Tax 00980 - Disclosure - Income Tax true false false false 1 USD false false Monetary Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 EarninsPerShareUSD Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Income Tax Abstract 0 au_IncomeTaxAbstract au false na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 Income Tax 1 us-gaap_IncomeTaxDisclosureTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 The net taxation expense of $106 million in the six months ended June 30, 2010 compared to a net expense of $154 million for the same period in 2009, constitutes the following:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 459px; text-align:left;border-color:#000000;min-width:459px;"> </td><td colspan="2" style="width: 224px; text-align:right;border-color:#000000;min-width:224px;">Six months ended June 30,</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 459px; text-align:left;border-color:#000000;min-width:459px;"> </td><td style="width: 113px; text-align:right;border-color:#000000;min-width:113px;">2010</td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;">2009</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 459px; text-align:left;border-color:#000000;min-width:459px;"> </td><td style="width: 113px; text-align:right;border-color:#000000;min-width:113px;">(unaudited)</td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;">(unaudited)</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 459px; text-align:left;border-color:#000000;min-width:459px;"> </td><td colspan="2" style="width: 224px; text-align:center;border-color:#000000;min-width:224px;"> (in US Dollars, millions)</td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 459px; text-align:left;border-color:#000000;min-width:459px;"> </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 459px; text-align:left;border-color:#000000;min-width:459px;">Charge for current taxation(1)</td><td style="width: 113px; border-color:#000000;min-width:113px;"> 127</td><td style="width: 111px; border-color:#000000;min-width:111px;"> 97</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 459px; text-align:left;border-color:#000000;min-width:459px;">(Benefit)/charge for deferred taxation(2)</td><td style="width: 113px; border-color:#000000;min-width:113px;"> (21)</td><td style="width: 111px; border-color:#000000;min-width:111px;"> 57</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 439px; text-align:left;border-color:#000000;min-width:439px;"> </td><td style="width: 113px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;border-color:#000000;min-width:113px;"> 106</td><td style="width: 111px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;border-color:#000000;min-width:111px;"> 154</td></tr><tr style="height: 30px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">(1) </td><td style="width: 439px; text-align:left;border-color:#000000;min-width:439px;">The higher current taxation in 2010 is mainly due to higher taxable earnings partially offset by benefits from ongoing hedge restructures.</td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td></tr><tr style="height: 30px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">(2) </td><td style="width: 439px; text-align:left;border-color:#000000;min-width:439px;">Includes deferred taxation credits of $31 million on unrealized non-hedge derivative losses (2009: $nil million). </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 439px; text-align:left;border-color:#000000;min-width:439px;"> </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td></tr><tr style="height: 1px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 439px; text-align:left;border-color:#000000;min-width:439px;"> </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td></tr></table></div>Uncertain taxesAs at June 30, 2010, the Company had $151 million of total unrecognized tax benefits which, if recognized, would affect the Company's effective income tax rate.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 572px; text-align:left;border-color:#000000;min-width:572px;">A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:</td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;"> </td><td style="width: 114px; text-align:left;border-color:#000000;min-width:114px;"> </td><td style="width: 111px; text-align:center;border-color:#000000;min-width:111px;">(in US Dollars, millions)</td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;"> </td><td style="width: 114px; text-align:left;border-color:#000000;min-width:114px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">Balance at January 1, 2010</td><td style="width: 114px; text-align:left;border-color:#000000;min-width:114px;"> </td><td style="width: 111px; border-color:#000000;min-width:111px;"> 149</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">Additions for tax positions of prior years</td><td style="width: 114px; text-align:left;border-color:#000000;min-width:114px;"> </td><td style="width: 111px; border-color:#000000;min-width:111px;"> 6</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">Translation</td><td style="width: 114px; text-align:left;border-color:#000000;min-width:114px;"> </td><td style="width: 111px; border-color:#000000;min-width:111px;"> (4)</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">Balance as at June 30, 2010</td><td style="width: 114px; text-align:left;border-color:#000000;min-width:114px;"> </td><td style="width: 111px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;border-color:#000000;min-width:111px;"> 151</td></tr><tr style="height: 60px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">The Company’s continuing practice is to recognize interest and penalties related to unrecognized tax benefits as part of its income tax expense. During the six months ended June 30, 2010, the Company recognized approximately $4 million in interest. As at June 30, 2010, the Company had accrued $56 million in interest.</td><td style="width: 114px; text-align:left;border-color:#000000;min-width:114px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;"> </td><td style="width: 114px; text-align:left;border-color:#000000;min-width:114px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td></tr></table></div> The net taxation expense of $106 million in the six months ended June 30, 2010 compared to a net expense of $154 million for the same period in 2009, false false false us-types:textBlockItemType textblock Description containing the entire income tax disclosure. Examples include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 false 1 2 false UnKnown UnKnown UnKnown false true