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Other Investments
 12 Months Ended
Dec. 31, 2019
Disclosure of detailed information about financial instruments [abstract]  
Other Investments
OTHER INVESTMENTS
 
US Dollars
Figures in millions
2019

 
2018

 
2017

 
 
 
 
 
 
Listed investments (1)
 
 
 
 
 
 
 
 
 
 
 
Non-current investments
 
 
 
 
 
 
 
 
 
 
 
Equity investments at fair value through profit and loss (FVTPL)
 
 
 
 
 
Balance at beginning of year
19

 
26

 
 
Additions
1

 
2

 
 
Disposals
(1
)
 
(2
)
 
 
Fair value adjustments
1

 
(3
)
 
 
Transfer to non-current assets and liabilities held for sale
(21
)
 
—

 
 
Translation
1

 
(4
)
 
 
Balance at end of year
—

 
19

 
 
 
 
 
 
 
 
Equity investments at fair value though OCI (FVTOCI)
 
 
 
 
 
Balance at beginning of year
63

 
47

 
 
Additions
9

 
13

 
 
Disposals
—

 
(7
)
 
 
Fair value adjustments
—

 
10

 
 
Balance at end of year
72

 
63

 
 
 
 
 
 
 
 
The group reclassified its listed investments as FVTPL and FVTOCI on adoption of IFRS 9 on 1 January 2018.
 
 
 
 
 
 
 
 
 
 
 
The non-current equity investments consist of ordinary shares and collective investment schemes and primarily comprise:
 
 
 
 
 
International Tower Hill Mines Limited (ITH)
—

 
—

 
7

Corvus Gold Corporation
41

 
43

 
25

Various listed investments held by Environmental Rehabilitation Trust Fund
—

 
16

 
22

Pure Gold Mining
31

 
18

 
11

Other
—

 
5

 
8

 
72


82


73

(1)The group’s listed equity investments are susceptible to market price risk arising from uncertainties about the future values of the investments.
At the reporting date, the FVTOCI equity investments were listed on the Toronto Stock Exchange.









20    OTHER INVESTMENTS (continued)
 
US Dollars
Figures in millions
2019

 
2018

 
2017

 
 
 
 
 
 
Listed investments (continued)
 
 
 
 
 
 
 
 
 
 
 
Non-current investments (continued)
 
 
 
 
 
 
 
 
 
 
 
Investments at amortised cost
 
 
 
 
 
Balance at beginning of year
12

 
4

 
6

Additions
11

 
15

 
—

Disposals
(9
)
 
(6
)
 
(2
)
Transfer to non-current assets and liabilities held for sale
(15
)
 
—

 
—

Translation
1

 
(1
)
 
—

 
—

 
12

 
4

 
 
 
 
 
 
The amortised cost investment consists of government bonds held by the Environmental Rehabilitation Trust Fund administered by Ashburton Investments.

 
 
 
 
 
 
 
 
 
 
 
Current investments
 
 
 
 
 
Listed investments - FVTOCI (1) (2)
10

 
6

 
7

 
 
 
 
 
 
Book value of listed investments
82

 
100

 
84

 
 
 
 
 
 
Unlisted investments
 
 
 
 
 
Non-current investments
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of year
47

 
54

 
73

Additions
45

 
48

 
81

Maturities
(44
)
 
(45
)
 
(73
)
Transfer to non-current assets and liabilities held for sale
(48
)
 
—

 
(32
)
Fair value adjustment- FVTOCI
2

 
—

 
—

Other
—

 
(2
)
 
—

Translation
2

 
(8
)
 
5

Balance at end of year
4

 
47

 
54

The unlisted investments include:
 
 
 
 
 
Negotiable Certificates of Deposit - Environmental Rehabilitation Trust Fund administered by Ashburton Investments
—

 
46

 
53

Other
4

 
1

 
1

 
4

 
47

 
54

 
 
 
 
 
 
Book value of unlisted investments
4

 
47

 
54

 
 
 
 
 
 
Non-current other investments
76

 
141

 
131

Total book value of other investments
86


147


138

 
 
 
 
 
 


(1)The group’s listed equity investments are susceptible to market price risk arising from uncertainties about the future values of the investments.
At the reporting date, the FVTOCI equity investments were listed on the Toronto Stock Exchange.
(2)During 2019 a fair value adjustment of $4m to the Sandstorm investment was recognised.