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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of income tax [Abstract]  
Disclosure of Income Tax Expense
Figures in millions
US Dollars
 
2019

 
2018

 
2017

South African taxation
 
 
 
 
 
Normal taxation
—

 
—

 
1

Prior year (over) under provision
—

 
(2
)
 
—

Deferred taxation
 
 
 
 
 
Other temporary differences
(18
)
 
(27
)
 
(42
)
Change in estimated deferred tax rate
(14
)
 
7

 
10

 
(32
)

(22
)

(31
)
Foreign taxation
 
 
 
 
 
Normal taxation
299

 
243

 
201

Prior year (over) under provision
(1
)
 
1

 
(26
)
Deferred taxation
 
 
 
 
 
Temporary differences
(28
)
 
(6
)
 
19

Prior year (over) under provision
1

 
4

 
2

Change in estimate
9

 
(7
)
 
—

Change in statutory tax rate
2

 
(1
)
 
(2
)
 
282

 
234

 
194

 
250

 
212

 
163

 
 
 
 
 
 
Disclosure of Tax Rates
Figures in millions
US Dollars
Reconciliation to South African statutory rate
2019

 
2018

 
2017

 
 
 
 
 
 
Implied tax charge at 28%
173


125


92

Increase (decrease) due to:
 

 
 
 
Expenses not tax deductible(1)
28

 
28

 
25

Share of associates and joint ventures' (profit) loss
(47
)
 
(34
)
 
(6
)
Tax rate differentials(2)
39

 
25

 
29

Exchange variations, translation and accounting adjustments
11

 
24

 
6

Current year tax losses not recognised (recognised) in deferred tax assets:
 
 
 
 
 
Obuasi mine
14

 
13

 
18

AngloGold Ashanti Holdings plc(3)
29

 
36

 
—

   North America
6

 
6

 
—

Tax exempt entities:

 

 

AngloGold Ashanti Holdings plc(3)
—

 
—

 
31

Other
(2
)
 
(1
)
 
—

Change in planned utilisation of deferred tax assets and impact of estimated deferred tax rate change
(5
)
 
—

 
10

Tax effect of retained SA items

3

 
(10
)
 
(13
)
Tax allowances
(1
)
 
(2
)
 
(3
)
Impact of statutory tax rate change
2

 
(1
)
 
(2
)
Adjustment in respect of prior years
—

 
3

 
(24
)
Income tax expense
250

 
212

 
163

(1) Includes corporate and other costs, transfer pricing and British Virgin Isle group losses.
(2) Due to different tax rates in various jurisdictions.
(3) During 2018, AngloGold Ashanti Holdings plc changed its tax jurisdiction from the Isle of Man (taxed at 0% in 2017) to the United Kingdom (taxed at 19% in 2018 and 19% in 2019).
Disclosure of Unrecognised Tax Losses
Figures in millions
US Dollars

2019


2018


2017

Analysis of unrecognised deferred tax assets





Tax losses available to be utilised against future profits





- utilisation required within one year
—

 
48

 
—

- utilisation required between one and two years
85

 
187

 
48

- utilisation required between two and five years
356

 
300

 
333

- utilisation required between five and twenty years
973

 
1,229

 
1,210

- utilisation in excess of twenty years
73

 
26

 
1


1,487

 
1,790

 
1,592