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Statement of Financial Position - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
[1]
Dec. 31, 2020
[1]
Non-current assets      
Tangible assets $ 4,209 $ 3,493 $ 2,917
Right of use assets 156 175 142
Intangible assets 106 122 131
Investments in associates and joint ventures 1,100 1,647 1,651
Other investments 3 117 188
Inventories 5 27 69
Trade, other receivables and other assets 231 237 235
Reimbursive right for post-retirement benefits 12 0 0
Deferred taxation 72 7 7
Cash restricted for use 33 32 31
Non-current assets 5,927 5,857 5,371
Current assets      
Inventories 773 703 733
Trade, other receivables and other assets 237 260 229
Cash restricted for use 27 26 42
Cash and cash equivalents 1,108 1,154 [2] 1,330 [2],[3]
Current assets 2,145 2,143 2,334
Total assets 8,072 8,000 7,705
EQUITY AND LIABILITIES      
Share capital and premium 7,239 7,223 7,214
Accumulated losses and other reserves (3,139) (3,181) (3,486)
Shareholders’ equity 4,100 4,042 3,728
Non-controlling interests 34 52 45
Total equity 4,134 4,094 3,773
Non-current liabilities      
Borrowings 1,965 1,858 1,789
Lease liabilities 102 124 116
Environmental rehabilitation and other provisions 634 729 731
Provision for pension and post-retirement benefits 71 77 83
Trade, other payables and provisions 7 7 8
Deferred taxation 300 313 246
Non-current liabilities 3,079 3,108 2,973
Current liabilities      
Borrowings 18 51 142
Lease liabilities 84 61 37
Trade, other payables and provisions 710 647 627
Bank overdraft 2 0 0
Taxation 45 39 153
Current liabilities 859 798 959
Total liabilities 3,938 3,906 3,932
Total equity and liabilities $ 8,072 $ 8,000 $ 7,705
[1] The tangible assets and accumulated losses and other reserve balances for 31 December 2021 and 31 December 2020 have been retrospectively restated and increased with $33m due to the initial application of the amendment to IAS 16 “Property, Plant and Equipment - Proceeds before Intended Use” on 1 January 2022. Refer to note 1.
[2] Cash and cash equivalents at the end of December 2022 is net of a bank overdraft of $2m.
[3] Comparative periods have been retrospectively restated, where indicated, due to the initial application of the amendment to IAS 16 "Property, Plant and Equipment - Proceeds before Intended Use" on 1 January 2022. Refer to note 1.