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Statement of Changes in Equity Statement - USD ($)
$ in Millions
Total
Total
Share capital and premium
Other capital reserves
[1]
Retained earnings (Accumulated losses)
[2]
Fair value through OCI
Actuarial gains (losses)
Foreign currency translation reserve
[3]
Non- controlling interests
Equity beginning balance at Dec. 31, 2017 $ 2,704 $ 2,663 $ 7,134 $ 124 $ (3,349) $ 33 $ (16) $ (1,263) $ 41
Profit (loss) for the year 150 133     133       17
Other comprehensive income (loss) (141) (141)       5 4 (150)  
Total comprehensive income (loss) for the year, net of tax 9 (8)     133 5 4 (150) 17
Shares issued 37 37 37            
Share-based payment for share awards net of exercised (17) (17)   (17)          
Dividends paid (note 14) (24) (24)     (24)        
Dividends of subsidiaries (15)               (15)
Transfer of gain on disposal of equity investments 0 0     1 (1)      
Translation 0 1   (11) 12       (1)
Equity ending balance at Dec. 31, 2018 2,694 2,652 7,171 96 (3,227) 37 (12) (1,413) 42
Profit (loss) for the year (7) (12)     (12)       5
Other comprehensive income (loss) 14 14       8 2 4  
Total comprehensive income (loss) for the year, net of tax 7 2     (12) 8 2 4 5
Shares issued 28 28 28            
Share-based payment for share awards net of exercised (10) (10)   (10)          
Dividends paid (note 14) (27) (27)     (27)        
Dividends of subsidiaries (16)               (16)
Transactions with non-controlling interests 0 (4)   (4)         4
Translation 0 (1)   1 (2)       1
Equity ending balance at Dec. 31, 2019 2,676 2,640 7,199 83 (3,268) 45 (10) (1,409) 36
Profit (loss) for the year 971 953     953       18
Other comprehensive income (loss) 124 124       92 10 22  
Total comprehensive income (loss) for the year, net of tax 1,095 1,077     953 92 10 22 18
Shares issued 15 15 15            
Share-based payment for share awards net of exercised (3) (3)   (3)          
Dividends paid (note 14) (38) (38)     (38)        
Dividends of subsidiaries (9)               (9)
Recognition of joint operation 4 4     4        
Transfer of gain on disposal of equity investments 0 0     6 (6)      
Translation 0 0   (3) 2   1    
Equity ending balance at Dec. 31, 2020 $ 3,740 $ 3,695 $ 7,214 $ 77 $ (2,341) $ 131 $ 1 $ (1,387) $ 45
[1] Other capital reserves include a surplus on disposal of Company shares held by companies prior to the formation of AngloGold Ashanti Limited of $10m (2019: $10m; 2018: $10m), surplus on equity transaction of joint venture of $36m (2019: $36m; 2018: $36m), equity items for share-based payments of $33m (2019: $39m; 2018:$48m) and other reserves.
[2] Included in accumulated losses are retained earnings totalling $391m (2019: $378m; 2018: $283m) arising at the equity accounted investments and certain subsidiaries which may not be remitted without third party consent.
[3] Foreign currency translation reserve includes a loss of $101m relating to the sale of the South African operations that will not re-cycle through the Income statement. Of the remaining balance, a loss of $1,295m relates to further balances that will not re-cycle through the Income statement on disposal of the non-foreign operations, and a gain of $9m relating to the foreign operations that will re-cycle through the Income statement on disposal, (refer to note 1).