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Investments in Associates and Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2019
Interests In Other Entities [Abstract]  
Disclosure of Interests in Associates
 
US Dollars
Figures in millions
2019

 
2018

 
2017

Carrying value
 
 
 
 
 
Investments in associates
40

 
36

 
36

Investments in joint ventures
1,541

 
1,492

 
1,471

 
1,581


1,528


1,507


Detailed disclosures are provided for the years in which investments in associates and joint ventures are considered to be material.
Summarised financial information of immaterial associates is as follows:
 
US Dollars
Figures in millions
2019

 
2018

 
2017

Aggregate statement of profit or loss for associates (attributable)
 
 
 
 
 
Revenue
20

 
19

 
21

Operating (expenses) income (1)
3

 
(4
)
 
(11
)
Taxation
—

 
(1
)
 
2

Profit (loss) for the year
23


14


12

Total comprehensive profit (loss) for the year, net of tax
23


14


12


(1) Includes share of associate profit
Disclosure of Interests in Joint Ventures
Investments in material joint ventures comprise:
Name
Effective %
 
Description
 
Country of incorporation and operation
 
2019
 
2018
 
2017
 
 
 
 
Kibali Goldmines S.A.(1)
45.0
 
45.0
 
45.0
 
Exploration and mine
development
 
The Democratic Republic of the Congo
(1) 
AngloGold Ashanti Limited has a 50% interest in Kibali (Jersey) Limited (Kibali) which holds our effective 45% interest in Kibali Goldmines S.A.
 
US Dollars
Figures in millions
2019

 
2018

 
2017

 
 
 
 
 
 
Carrying value of joint ventures
 
 
 
 
 
Kibali
1,506

 
1,439

 
1,423

Immaterial joint ventures
35

 
53

 
48

 
1,541

 
1,492

 
1,471

Reversal (impairment) of investments in joint ventures
 
 
 
 
 
Sadiola (note 8)
6

 
14

 
2

 
US Dollars
Figures in millions
2019

 
2018

 
2017

 
 
 
 
 
 
The cumulative unrecognised share of losses of the joint ventures:
 
 
 
 
 
Morila
8

 
8

 
7

Yatela
2

 
3

 
2

19    INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (continued)

Summarised financial information of joint ventures is as follows (not attributable):
 
US Dollars
 
Kibali
Figures in millions
2019

 
2018

 
2017

 
 
 
 
 
 
Statement of profit or loss
 
 
 
 
 
Revenue
1,123

 
1,098

 
755

Other operating costs and expenses
(479
)
 
(539
)
 
(530
)
Amortisation of tangible and intangible assets
(282
)
 
(330
)
 
(264
)
Finance costs and unwinding of obligations
(4
)
 
(4
)
 
(5
)
Interest received
4

 
3

 
4

Taxation
(62
)
 
(16
)
 
54

Profit for the year
300

 
212

 
14

Total comprehensive income for the year, net of tax
300

 
212

 
14

Dividends received from joint venture (attributable)
75

 
89

 
—

 
US Dollars
 
Kibali
Figures in millions
2019

 
2018

 
2017

 
 
 
 
 
 
Statement of financial position
 
 
 
 
 
Non-current assets
2,522

 
2,659

 
2,834

Current assets
183

 
205

 
166

Cash and cash equivalents
453

 
124

 
3

Total assets
3,158

 
2,988

 
3,003

 
 
 
 
 
 
Non-current financial liabilities
45

 
29

 
41

Other non-current liabilities
26

 
24

 
23

Current financial liabilities
11

 
11

 
7

Other current liabilities
66

 
64

 
107

Total liabilities
148


128


178

 
 
 
 
 
 
Net assets
3,010


2,860


2,825

Group’s share of net assets
1,505

 
1,430

 
1,413

Other
1

 
9

 
10

Carrying amount of interest in joint venture
1,506


1,439


1,423

 
US Dollars
Figures in millions
2019

 
2018

 
2017

 
 
 
 
 
 
Aggregate statement of profit (loss) for immaterial joint ventures (attributable)
 
 
 
 
 
Revenue
111

 
112

 
113

Other operating costs and expenses
(94
)
 
(92
)
 
(94
)
Amortisation of tangible and intangible assets
(7
)
 
(15
)
 
(16
)
Taxation
(7
)
 
(2
)
 
(2
)
Profit (loss) for the year
3

 
3

 
1

Total comprehensive income (loss) for the year, net of tax
3

 
3

 
1