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Supplemental Condensed Consolidating Financial Information (Tables)
 6 Months Ended
Jun. 30, 2019
Disclosure Of Additional Information [Abstract]  
Condensed Consolidating Income Statement
Condensed consolidating statements of income for the six months ended 30 June 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
US Dollar million
AngloGold Ashanti

 
IOMco

 
Other subsidiaries

 
Consolidation adjustments

 
Total

 
(the "Guarantor")

 
(the "Issuer")

 
(the "Non-Guarantor Subsidiaries")

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue from product sales

190

 
—

 
1,636

 
—

 
1,826

 
Cost of sales
(179
)
 
—

 
(1,317
)
 
—

 
(1,496
)
 
Gain (loss) on non-hedge derivatives and other commodity contracts
2

 
—

 
5

 
—

 
7

 
Gross profit (loss)
13

 
—

 
324

 
—

 
337

 
Corporate administration, marketing and other income (expenses)
(24
)
 
3

 
(9
)
 
(10
)
 
(40
)
 
Exploration and evaluation costs
—

 
—

 
(51
)
 
—

 
(51
)
 
Other operating income (expenses)
(23
)
 
—

 
(26
)
 
—

 
(49
)
 
Special items
(12
)
 
3

 
7

 
(4
)
 
(6
)
 
Operating profit (loss)
(46
)
 
6

 
245

 
(14
)
 
191

 
Interest income
2

 
1

 
5

 
—

 
8

 
Other gains and (losses)
—

 
(2
)
 
1

 
—

 
(1
)
 
Finance costs and unwinding of obligations
(11
)
 
(53
)
 
(32
)
 
—

 
(96
)
 
Fair value adjustments
—

 
—

 
1

 
—

 
1

 
Share of associates and joint ventures’ profit (loss)
—

 
—

 
68

 
10

 
78

 
Equity gain (loss) in subsidiaries
156

 
294

 
—

 
(450
)
 
—

 
Profit (loss) before taxation
101

 
246

 
288

 
(454
)
 
181

 
Taxation
13

 
—

 
(78
)
 
—

 
(65
)
 
Profit (loss) for the period
114

 
246

 
210

 
(454
)
 
116

 
Allocated as follows:
 
 
 
 
 
 
 
 
 
 
Equity shareholders
114

 
246

 
208

 
(454
)
 
114

 
Non-controlling interests
—

 
—

 
2

 
—

 
2

 
 
114

 
246

 
210

 
(454
)
 
116

 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
118

 
243

 
207

 
(448
)
 
120

 
Comprehensive (income) loss attributable to non-controlling interests
—

 
—

 
(2
)
 
—

 
(2
)
 
Comprehensive income (loss) attributable to AngloGold Ashanti
118

 
243

 
205

 
(448
)
 
118

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Condensed consolidating statements of income for the six months ended 30 June 2018

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
US Dollar million
AngloGold Ashanti

 
IOMco

 
Other subsidiaries

 
Consolidation adjustments

 
Total

 
(the "Guarantor")

 
(the "Issuer")

 
(the "Non-Guarantor Subsidiaries")

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue from product sales

280

 
—

 
1,722

 
—

 
2,002

 
Cost of sales
(295)

 
—

 
(1,307)

 
—

 
(1,602)

 
Gain (loss) on non-hedge derivatives and other commodity contracts
—

 
—

 
3

 
7

 
10

 
Gross profit (loss)
(15)

 
—

 
418

 
7

 
410

 
Corporate administration, marketing and other income (expenses)
(28)

 
(2)

 
1

 
(8)

 
(37)

 
Exploration and evaluation costs
(3)

 
—

 
(43)

 
—

 
(46)

 
Other operating income (expenses)
(24)

 
—

 
(33)

 
—

 
(57)

 
Special items
(13)

 
(2)

 
(139
)
 
3

 
(151)

 
Operating profit (loss)
(83)

 
(4)

 
204

 
2

 
119

 
Interest income
—

 
2

 
7

 
—

 
9

 
Other gains and (losses)
—

 
—

 
3

 
—

 
3

 
Finance costs and unwinding of obligations
(13
)
 
(53
)
 
(19
)
 
—

 
(85
)
 
Share of associates and joint ventures’ profit (loss)
6

 
—

 
32

 
2

 
40

 
Equity gain (loss) in subsidiaries
53

 
304

 
—

 
(357
)
 
—

 
Profit (loss) before taxation
(37)

 
249

 
227

 
(353)

 
86

 
Taxation
70

 
—

 
(113)

 
—

 
(43)

 
Profit (loss) for the period
33

 
249

 
114

 
(353)

 
43

 
Allocated as follows:
 
 
 
 
 
 
 
 
 
 
Equity shareholders
33

 
249

 
104

 
(353)

 
33

 
Non-controlling interests
—

 
—

 
10

 
—

 
10

 
 
33

 
249

 
114

 
(353)

 
43

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
(44)

 
227

 
124

 
(341)

 
(34)

 
Comprehensive loss (income) attributable to non-controlling interests
—

 
—

 
(10)

 
—

 
(10)

 
Comprehensive income (loss) attributable to AngloGold Ashanti
(44)

 
227

 
114

 
(341)

 
(44)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Condensed consolidating statements of income for the year ended 31 December 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
US Dollar million
AngloGold Ashanti

 
IOMco

 
Other subsidiaries

 
Consolidation adjustments

 
Total

 
(the "Guarantor")

 
(the "Issuer")

 
(the "Non-Guarantor Subsidiaries")

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue from product sales

498

 
—

 
3,445

 
—

 
3,943

 
Cost of sales
(494
)
 
—

 
(2,679
)
 
—

 
(3,173
)
 
Gain (loss) on non-hedge derivatives and other commodity contracts
(4
)
 
—

 
6

 
—

 
2

 
Gross profit (loss)
—

 
—

 
772

 
—

 
772

 
Corporate administration, marketing and other income (expenses)
(12
)
 
(20
)
 
(13
)
 
(31
)
 
(76
)
 
Exploration and evaluation costs
(4
)
 
—

 
(98
)
 
—

 
(102
)
 
Other operating income (expenses)
(46
)
 
3

 
(54
)
 
—

 
(97
)
 
Special items
(15
)
 
8

 
(155
)
 
(8
)
 
(170
)
 
Operating profit (loss)
(77
)
 
(9
)
 
452

 
(39
)
 
327

 
Dividends received
2

 
—

 
—

 
—

 
2

 
Interest income
—

 
4

 
13

 
—

 
17

 
Other gains and (losses)
—

 
(6
)
 
(3
)
 
—

 
(9
)
 
Finance costs and unwinding of obligations
(23
)
 
(107
)
 
(48
)
 
—

 
(178
)
 
Fair value adjustments
—

 
—

 
(3
)
 
—

 
(3
)
 
Share of associates and joint ventures’ profit (loss)
6

 
—

 
107

 
9

 
122

 
Equity gain (loss) in subsidiaries
142

 
490

 
—

 
(632
)
 
—

 
Profit (loss) before taxation
50

 
372

 
518

 
(662
)
 
278

 
Taxation
83

 
—

 
(211
)
 
—

 
(128
)
 
Profit (loss) for the period
133

 
372

 
307

 
(662
)
 
150

 
Allocated as follows:
 
 
 
 
 
 
 
 
 
 
Equity shareholders
133

 
372

 
290

 
(662
)
 
133

 
Non-controlling interests
—

 
—

 
17

 
—

 
17

 
 
133

 
372

 
307

 
(662
)
 
150

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
(8
)
 
320

 
301

 
(604
)
 
9

 
Comprehensive loss (income) attributable to non-controlling interests
—

 
—

 
(17
)
 
—

 
(17
)
 
Comprehensive income (loss) attributable to AngloGold Ashanti
(8
)
 
320

 
284

 
(604
)
 
(8
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Condensed Consolidating Statement of Financial Position
Condensed consolidating statement of financial position as at 30 June 2019
 
 
 
 
US Dollar million
AngloGold Ashanti

 
IOMco

 
Other subsidiaries

 
Consolidation adjustments

 
Total

 
(the "Guarantor")

 
(the "Issuer")

 
(the "Non-Guarantor Subsidiaries")

 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASSETS
 
 
 
 
 
 
 
 
 
 
Non-current assets
 
 
 
 
 
 
 
 
 
 
Tangible assets
629

 
—

 
2,745

 
—

 
3,374

 
Right of use assets
3

 
—

 
176

 
—

 
179

 
Intangible assets
1

 
—

 
121

 
(1
)
 
121

 
Investments in associates and joint ventures
2,504

 
4,245

 
1,437

 
(6,613
)
 
1,573

 
Other investments
1

 
2

 
135

 
(2
)
 
136

 
Inventories
—

 
—

 
126

 
—

 
126

 
Trade and other receivables
—

 
29

 
119

 
(29
)
 
119

 
Cash restricted for use
—

 
—

 
36

 
—

 
36

 
 
 
 
 
3,138

 
4,276

 
4,895

 
(6,645
)
 
5,664

 
Current Assets
 
 
 
 
 
 
 
 
 
 
Other investments
—

 
7

 
—

 
—

 
7

 
Inventories, trade and other receivables, intergroup balances and other current assets
356

 
474

 
1,206

 
(1,159
)
 
877

 
Cash restricted for use
—

 
—

 
17

 
—

 
17

 
Cash and cash equivalents
23

 
102

 
217

 
—

 
342

 
 
379

 
583

 
1,440

 
(1,159
)
 
1,243

 
 


 


 


 


 


 
Total assets
3,517

 
4,859

 
6,335

 
(7,804
)
 
6,907

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EQUITY AND LIABILITIES
 
 
 
 
 
 
 
 
 
 
Share capital and premium
7,192

 
6,096

 
837

 
(6,933
)
 
7,192

 
(Accumulated losses) retained earnings and other reserves
(4,444
)
 
(3,203
)
 
1,397

 
1,806

 
(4,444
)
 
Shareholders' equity
2,748

 
2,893

 
2,234

 
(5,127
)
 
2,748

 
Non-controlling interests
—

 
—

 
32

 
—

 
32

 
Total equity
2,748

 
2,893

 
2,266

 
(5,127
)
 
2,780

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-current liabilities
345

 
1,028

 
1,367

 
—

 
2,740

 
Current liabilities including intergroup balances
424

 
938

 
2,702

 
(2,677
)
 
1,387

 
Total liabilities
769

 
1,966

 
4,069

 
(2,677
)
 
4,127

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total equity and liabilities
3,517

 
4,859

 
6,335

 
(7,804
)
 
6,907

 
 
 
 
 
 
 
 
 
 
 
 
 
 

Condensed consolidating statement of financial position as at 30 June 2018
 
 
 
 
US Dollar million
AngloGold Ashanti

 
IOMco

 
Other subsidiaries

 
Consolidation adjustments

 
Total

 
(the "Guarantor")

 
(the "Issuer")

 
(the "Non-Guarantor Subsidiaries")

 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASSETS
 
 
 
 
 
 
 
 
 
 
Non-current assets
 
 
 
 
 
 
 
 
 
 
Tangible assets
656

 
—

 
2,822

 
—

 
3,478

 
Intangible assets
—

 
—

 
132

 
(1
)
 
131

 
Investments in associates and joint ventures
2,357

 
4,294

 
1,359

 
(6,506
)
 
1,504

 
Other investments
1

 
9

 
142

 
(2
)
 
150

 
Inventories
1

 
—

 
90

 
—

 
91

 
Trade and other receivables
—

 
29

 
73

 
(29
)
 
73

 
Deferred taxation
—

 
—

 
5

 
—

 
5

 
Cash restricted for use
—

 
—

 
34

 
—

 
34

 
 
 
 
 
3,015

 
4,332

 
4,657

 
(6,538
)
 
5,466

 
Current Assets
 
 
 
 
 
 
 
 
 
 
Other investments
—

 
6

 
—

 
—

 
6

 
Inventories, trade and other receivables, intergroup balances and other current assets
386

 
230

 
1,184

 
(902
)
 
898

 
Cash restricted for use
—

 
—

 
19

 
—

 
19

 
Cash and cash equivalents
3

 
96

 
116

 
—

 
215

 
 
389

 
332

 
1,319

 
(902
)
 
1,138

 
 


 


 


 


 


 
Total assets
3,404

 
4,664

 
5,976

 
(7,440
)
 
6,604

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EQUITY AND LIABILITIES
 
 
 
 
 
 
 
 
 
 
Share capital and premium
7,157

 
6,096

 
821

 
(6,917
)
 
7,157

 
(Accumulated losses) retained earnings and other reserves
(4,552
)
 
(3,397
)
 
1,442

 
1,955

 
(4,552
)
 
Shareholders' equity
2,605

 
2,699

 
2,263

 
(4,962
)
 
2,605

 
Non-controlling interests
—

 
—

 
36

 
—

 
36

 
Total equity
2,605

 
2,699

 
2,299

 
(4,962
)
 
2,641

 
 
 
 
 


 


 


 


 


 
Non-current liabilities
301

 
1,733

 
1,310

 
—

 
3,344

 
Current liabilities including intergroup balances
498

 
232

 
2,367

 
(2,478
)
 
619

 
Total liabilities
799

 
1,965

 
3,677

 
(2,478
)
 
3,963

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total equity and liabilities
3,404

 
4,664

 
5,976

 
(7,440
)
 
6,604

 
 
 
 
 
 
 
 
 
 
 
 
 
 

Condensed consolidating statement of financial position as at 31 December 2018
 
 
 
 
US Dollar million
AngloGold Ashanti

 
IOMco

 
Other subsidiaries

 
Consolidation adjustments

 
Total

 
(the "Guarantor")

 
(the "Issuer")

 
(the "Non-Guarantor Subsidiaries")

 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASSETS
 
 
 
 
 
 
 
 
 
 
Non-current assets
 
 
 
 
 
 
 
 
 
 
Tangible assets
625

 
—

 
2,756

 
—

 
3,381

 
Intangible assets
1

 
—

 
123

 
(1
)
 
123

 
Investments in associates and joint ventures
2,383

 
4,255

 
1,398

 
(6,508
)
 
1,528

 
Other investments
2

 
3

 
138

 
(2
)
 
141

 
Inventories
1

 
—

 
105

 
—

 
106

 
Trade and other receivables
—

 
29

 
102

 
(29
)
 
102

 
Cash restricted for use
—

 
—

 
35

 
—

 
35

 
 
 
 
 
3,012

 
4,287

 
4,657

 
(6,540
)
 
5,416

 
Current Assets
 
 
 
 
 
 
 
 
 
 
Other investments
—

 
6

 
—

 
—

 
6

 
Inventories, trade and other receivables, intergroup balances and other current assets
390

 
416

 
1,166

 
(1,111
)
 
861

 
Cash restricted for use
—

 
—

 
31

 
—

 
31

 
Cash and cash equivalents
7

 
97

 
225

 
—

 
329

 
 
397

 
519

 
1,422

 
(1,111
)
 
1,227

 
 


 


 


 


 


 
Total assets
3,409

 
4,806

 
6,079

 
(7,651
)
 
6,643

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EQUITY AND LIABILITIES
 
 
 
 
 
 
 
 
 
 
Share capital and premium
7,171

 
6,096

 
821

 
(6,917
)
 
7,171

 
(Accumulated losses) retained earnings and other reserves
(4,519
)
 
(3,310
)
 
1,406

 
1,904

 
(4,519
)
 
Shareholders' equity
2,652

 
2,786

 
2,227

 
(5,013
)
 
2,652

 
Non-controlling interests
—

 
—

 
42

 
—

 
42

 
Total equity
2,652

 
2,786

 
2,269

 
(5,013
)
 
2,694

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-current liabilities
319

 
1,734

 
1,103

 
—

 
3,156

 
Current liabilities including intergroup balances
438

 
286

 
2,707

 
(2,638
)
 
793

 
Total liabilities
757

 
2,020

 
3,810

 
(2,638
)
 
3,949

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total equity and liabilities
3,409

 
4,806

 
6,079

 
(7,651
)
 
6,643

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Condensed Consolidating Statement of Cash Flow
Condensed consolidating statements of cash flows for the six months ended 30 June 2019
 
 
 
 
US Dollar million
AngloGold Ashanti

 
IOMco

 
Other subsidiaries

 
Consolidation adjustments

 
Total

 
(the "Guarantor")

 
(the "Issuer")

 
(the "Non-Guarantor Subsidiaries")

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from operating activities
 
 
 
 
 
 
 
 
 
 
Cash generated from (used by) operations
(23
)
 
3

 
398

 
—

 
378

 
Net movement in intergroup receivables and payables
31

 
(113
)
 
85

 
(3
)
 
—

 
Dividends received from joint ventures
—

 
33

 
—

 
—

 
33

 
Taxation refund
—

 
—

 
7

 
—

 
7

 
Taxation paid
—

 
—

 
(75
)
 
—

 
(75
)
 
Net cash inflow (outflow) from operating activities
8

 
(77
)
 
415

 
(3
)
 
343

 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
Capital expenditure
(26
)
 
—

 
(267
)
 
—

 
(293
)
 
Proceeds from disposal of tangible assets
—

 
—

 
2

 
—

 
2

 
Other investments acquired
—

 
—

 
(28
)
 
—

 
(28
)
 
Proceeds from disposal of other investments
—

 
—

 
31

 
—

 
31

 
Investments in associates and joint ventures
—

 
—

 
(2
)
 
—

 
(2
)
 
Net loans repaid by (advanced to) associates and joint ventures
—

 
4

 
(1
)
 
—

 
3

 
Increase in investment in subsidiary
(16
)
 
—

 
—

 
16

 
—

 
Disposal (acquisition) of subsidiaries
—

 
(3
)
 
3

 
—

 
—

 
Decrease (increase) in cash restricted for use
—

 
—

 
12

 
—

 
12

 
Interest received
2

 
1

 
5

 
—

 
8

 
Net cash inflow (outflow) from investing activities
(40
)
 
2

 
(245
)
 
16

 
(267
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
Increase in share capital
—

 
—

 
16

 
(16
)
 
—

 
Proceeds from borrowings
117

 
—

 
37

 
—

 
154

 
Repayment of borrowings
(81
)
 
—

 
(1
)
 
—

 
(82
)
 
Repayment of lease liabilities

(1
)
 
—

 
(19
)
 
—

 
(20
)
 
Finance costs paid
(3
)
 
(51
)
 
(14
)
 
—

 
(68
)
 
Lease finance costs paid
—

 
—

 
(5
)
 
—

 
(5
)
 
Dividends paid
(28
)
 
—

 
(15
)
 
—

 
(43
)
 
Intergroup dividends received (paid)
44

 
131

 
(175
)
 
—

 
—

 
Net cash inflow (outflow) from financing activities
47

 
80

 
(175
)
 
(16
)
 
(64
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
15

 
5

 
(5
)
 
(3
)
 
12

 
Translation
1

 
—

 
(3
)
 
3

 
1

 
Cash and cash equivalents at beginning of period
7

 
97

 
225

 
—

 
329

 
Cash and cash equivalents at end of period
23

 
102

 
217

 
—

 
342

 
 
 
 
 
 
 
 
 
 
 
 
 

Condensed consolidating statements of cash flows for the six months ended 30 June 2018
 
 
 
 
US Dollar million
AngloGold Ashanti

 
IOMco

 
Other subsidiaries

 
Consolidation adjustments

 
Total

 
(the "Guarantor")

 
(the "Issuer")

 
(the "Non-Guarantor Subsidiaries")

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from operating activities
 
 
 
 
 
 
 
 
 
 
Cash generated from (used by) operations
(126
)
 
(6
)
 
491

 
9

 
368

 
Net movement in intergroup receivables and payables
75

 
(64
)
 
(13
)
 
2

 
—

 
Dividends received from joint ventures
—

 
49

 
—

 
—

 
49

 
Taxation paid
—

 
—

 
(96
)
 
—

 
(96
)
 
Net cash inflow (outflow) from operating activities
(51
)
 
(21
)
 
382

 
11

 
321

 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
Capital expenditure
(35
)
 
—

 
(258
)
 
—

 
(293
)
 
Proceeds from disposal of tangible assets
303

 
—

 
1

 
6

 
310

 
Other investments acquired
—

 
—

 
(54
)
 
—

 
(54
)
 
Proceeds from disposal of other investments
—

 
—

 
76

 
—

 
76

 
Investments in associates and joint ventures
—

 
—

 
(5
)
 
—

 
(5
)
 
Net loans repaid by (advanced to) associates and joint ventures
—

 
(3
)
 
—

 
—

 
(3
)
 
Cash payment to settle the sale of environmental trust fund
(32
)
 
—

 
—

 
—

 
(32
)
 
Disposal (acquisition) of subsidiaries
—

 
(6
)
 
6

 
—

 
—

 
Decrease (increase) in cash restricted for use
—

 
1

 
9

 
(1
)
 
9

 
Interest received
—

 
1

 
6

 
—

 
7

 
Net cash inflow (outflow) from investing activities
236

 
(7
)
 
(219
)
 
5

 
15

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
Proceeds from borrowings
191

 
45

 
47

 
—

 
283

 
Repayment of borrowings
(377
)
 
(80
)
 
(43
)
 
—

 
(500
)
 
Finance costs paid
(7
)
 
(51
)
 
(8
)
 
—

 
(66
)
 
Dividends paid
(24
)
 
—

 
(15
)
 
—

 
(39
)
 
Intergroup dividends received (paid)
25

 
189

 
(215
)
 
1

 
—

 
Net cash inflow (outflow) from financing activities
(192
)
 
103

 
(234
)
 
1

 
(322
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
(7
)
 
75

 
(71
)
 
17

 
14

 
Translation
(1
)
 
—

 
14

 
(17
)
 
(4
)
 
Cash and cash equivalents at beginning of period
11

 
21

 
173

 
—

 
205

 
Cash and cash equivalents at end of period
3

 
96

 
116

 
—

 
215

 
 

Condensed consolidating statements of cash flow for the year ended 31 December 2018
 
 
 
 
US Dollar million
AngloGold Ashanti

 
IOMco

 
Other subsidiaries

 
Consolidation adjustments

 
Total

 
(the "Guarantor")

 
(the "Issuer")

 
(the "Non-Guarantor Subsidiaries")

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from operating activities
 
 
 
 
 
 
 
 
 
 
Cash generated from (used by) operations
(120
)
 
(18
)
 
1,062

 
8

 
932

 
Net movement in intergroup receivables and payables
73

 
(215
)
 
130

 
12

 
—

 
Dividends received from joint ventures
—

 
91

 
—

 
—

 
91

 
Taxation refund
—

 
—

 
5

 
—

 
5

 
Taxation paid
—

 
—

 
(171
)
 
—

 
(171
)
 
Net cash inflow (outflow) from operating activities
(47
)
 
(142
)
 
1,026

 
20

 
857

 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
 
 
 
 
 
 
 
 
Capital expenditure
(64
)
 
—

 
(588
)
 
—

 
(652
)
 
Proceeds from disposal of tangible assets
303

 
—

 
4

 
6

 
313

 
Dividends from other investments
2

 
—

 
—

 
—

 
2

 
Other investments acquired
—

 
—

 
(81
)
 
—

 
(81
)
 
Proceeds from disposal of other investments
—

 
—

 
98

 
—

 
98

 
Investments in associates and joint ventures
—

 
—

 
(8
)
 
—

 
(8
)
 
Net loans repaid by (advanced to) associates and joint ventures
9

 
10

 
(2
)
 
—

 
17

 
Cash payment to settle the sale of environmental trust fund
(32
)
 
—

 
—

 
—

 
(32
)
 
Disposal (acquisition) of subsidiaries
—

 
(7
)
 
7

 
—

 
—

 
Decrease (increase) in cash restricted for use
—

 
1

 
(4
)
 
(1
)
 
(4
)
 
Interest received
—

 
1

 
11

 
—

 
12

 
Net cash inflow (outflow) from investing activities
218

 
5

 
(563
)
 
5

 
(335
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
Proceeds from borrowings
407

 
45

 
301

 
—

 
753

 
Repayment of borrowings
(570
)
 
(80
)
 
(317
)
 
—

 
(967
)
 
Finance costs paid
(12
)
 
(102
)
 
(16
)
 
—

 
(130
)
 
Bond settlement premium, RCF and bond transaction costs
—

 
(10
)
 
—

 
—

 
(10
)
 
Dividends paid
(24
)
 
—

 
(15
)
 
—

 
(39
)
 
Intergroup dividends received (paid)
25

 
360

 
(386
)
 
1

 
—

 
Net cash inflow (outflow) from financing activities
(174
)
 
213

 
(433
)
 
1

 
(393
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
(3
)
 
76

 
30

 
26

 
129

 
Translation
(1
)
 
—

 
22

 
(26
)
 
(5
)
 
Cash and cash equivalents at beginning of year
11

 
21

 
173

 
—

 
205

 
Cash and cash equivalents at end of year
7

 
97

 
225

 
—

 
329