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SHARE-BASED PAYMENTS
 12 Months Ended
Dec. 31, 2020
Disclosure of share-based payment arrangements [Abstract]  
SHARE-BASED PAYMENTS SHARE-BASED PAYMENTS
US Dollars
Figures in millions202020192018
Equity-settled share incentive schemes
Bonus Share Plan (BSP)1 6 20 
Deferred Share Plan (DSP)14 13 — 
Other1 2 2 
16 21 22 
Cash-settled share incentive scheme
Cash-settled Long Term Incentive Plan (CSLTIP)— 21 13 
Total share-based payment expense (note 10)16 42 35 
Equity-settled incentive schemes

Equity schemes include the Bonus Share Plan (BSP), Deferred Share Plan (DSP); Long term incentive Plan (LTIP) and Co-investment Plan (CIP). The DSP replaced all previous AngloGold Ashanti incentive schemes. The last allocations granted in the BSP, LTIP and CIP schemes vested during 2020; there are no further allocations and vesting as the schemes have been closed.

Bonus Share Plan (BSP) 
Award date (unvested awards and awards vested during the year)202020192018
Calculated fair valueR119.14 
Vesting date 50%
22 Feb 2019
Vesting date 50%
22 Feb 2020
Expiry date22 Feb 2028

Number of shares
202020192018
Awards outstanding at beginning of year2,141,415 4,557,919 4,479,679 
Awards granted during the year— — 2,492,584 
Awards lapsed during the year— (109,065)(359,343)
Awards exercised during the year(1,135,438)(2,307,439)(2,055,001)
Awards outstanding at end of year1,005,977 2,141,415 4,557,919 
Awards exercisable at end of year1,005,977 1,207,936 1,588,512 

Cash awards granted under the bonus share plan, none were outstanding at year end 31 December 2020 (2019: 12,295; 2018: 33,046) and an amount of 12,295 cash awards vested and are deemed settled for the year ended 31 December 2020 (2019: 20,751, 2018: 15,209).
Deferred Share Plan (DSP)
The Deferred Share Plan (DSP) was implemented with effect from 1 January 2018, with the first awards for the scheme allocated in March 2019. This represents a single scheme under which share awards will be allocated to certain employees from 2019 onwards, vesting equally over a period of 2, 3 and 5 years depending on the level of seniority of the participant.
Equity-settled incentive schemes (continued)
Award date (unvested awards and awards vested during the year)202020192018
Calculated fair valueR325.97 R204.42 
DSP 2 year
Vesting date 50%
25 Feb 202121 Feb 2020
Vesting date 50%
25 Feb 202221 Feb 2021
DSP 3 year
Vesting date 33%
25 Feb 202121 Feb 2020
Vesting date 33%
25 Feb 202221 Feb 2021
Vesting date 34%
25 Feb 202321 Feb 2022
DSP 5 year
Vesting date 20%
25 Feb 202121 Feb 2020
Vesting date 20%
25 Feb 202221 Feb 2021
Vesting date 20%
25 Feb 202321 Feb 2022
Vesting date 20%
25 Feb 202421 Feb 2023
Vesting date 20%
25 Feb 202521 Feb 2024
Expiry date25 Feb 203021 Feb 2029

Number of shares
202020192018
Awards outstanding at beginning of year1,599,360 
Awards granted during the year1,176,532 1,669,191 
Awards lapsed during the year(155,575)(55,208)
Awards exercised during the year(330,555)(14,623)
Awards outstanding at end of year2,289,762 1,599,360 
Awards exercisable at end of year183,439 — 

Long Term Incentive Plan (LTIP)
Award date (unvested awards and awards vested during the year)2015
Calculated fair valueR129.94 
Vesting date3 Mar 2018
Expiry date3 Mar 2025

Number of shares
202020192018
Awards outstanding at beginning of year229,639 447,842 2,466,357 
Awards lapsed during the year— — (1,186,330)
Awards exercised during the year(118,077)(218,203)(832,185)
Awards outstanding at end of year111,562 229,639 447,842 
Awards exercisable at end of year111,562 229,639 447,842 
Equity-settled incentive schemes (continued)

Co-Investment Plan (CIP)
Number of shares
202020192018
Awards outstanding at beginning of year23,927 112,578 95,378 
Awards granted during the year— — 80,809 
Awards lapsed during the year— (16,500)(11,633)
Awards matched during the year(23,927)(72,151)(51,976)
Awards outstanding at end of year— 23,927 112,578 
Cash-Settled Long Term Incentive Plan (CSLTIP)

There were no changes to rules or practices within the CSLTIP scheme, and no awards during 2018, 2019 and 2020.
Award date (unvested awards and awards vested during the year)
20172016
Vesting date1 March 20201 March 2019

Number of units
202020192018
Share units outstanding at beginning of year1,480,5623,815,7614,469,618 
Share units granted during the year——— 
Share units lapsed during the year(82,063)(1,305,761)(611,265)
Share units exercised during the year(1,398,499)(1,029,438)(42,592)
Share units outstanding at end of year— 1,480,562 3,815,761