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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, 2019 $ 2,671 $ 2,635 $ 7,199 $ 83 $ (3,273) $ 45 $ (10) $ (1,409) $ 36
Profit (loss) for the year 1,009 [2],[4] 991     991       18
Other comprehensive income (loss) 124 [2] 124       92 10 22  
Total comprehensive income for the year, net of tax 1,133 [2] 1,115     991 92 10 22 18
Shares issued 15 15 15            
Share-based payment for share awards net of exercised (3) (3)   (3)          
Dividends of subsidiaries (9)               (9)
Dividends paid (note 12) 38 38     38        
Recognition of joint operation 4 4     4        
Transfer on disposal and derecognition of equity investments 0 0     6 (6)      
Translation 0 0   (3) 2   1    
Equity ending balance at Dec. 31, 2020 3,773 [5] 3,728 7,214 77 (2,308) 131 1 (1,387) 45
Profit (loss) for the year 646 622     622       24
Other comprehensive income (loss) (105) (105)       (78) (2) (25)  
Total comprehensive income for the year, net of tax 541 517     622 (78) (2) (25) 24
Shares issued 9 9 9            
Share-based payment for share awards net of exercised 11 11   11          
Dividends of subsidiaries (16)               (16)
Dividends paid (note 12) 224 224     224        
Translation 0 1   (4) 6   (1)   (1)
Equity ending balance at Dec. 31, 2021 4,094 [5] 4,042 7,223 84 (1,904) 53 (2) (1,412) 52
Profit (loss) for the year 316 297     297       19
Other comprehensive income (loss) (74) (74)       (36) (10) (28)  
Total comprehensive income for the year, net of tax 242 223     297 (36) (10) (28) 19
Shares issued 16 16 16            
Dividends of subsidiaries (37)               (37)
Dividends paid (note 12) 181 181     181        
Transfer on disposal and derecognition of equity investments 0 0     69 (69)      
Translation 0 0   (3) 4   (1)    
Equity ending balance at Dec. 31, 2022 $ 4,134 $ 4,100 $ 7,239 $ 81 $ (1,715) $ (52) $ (13) $ (1,440) $ 34
[1] Other capital reserves include a surplus on disposal of Company shares held by companies prior to the formation of AngloGold Ashanti Limited of $8m (2021: $9m; 2020: $10m), surplus on equity transaction of joint venture of $36m (2021: $36m; 2020: $36m), equity items for share-based payments of $39m (2021: $41m; 2020: $33m) and other reserves.
[2] The (Accumulated losses) Retained earnings balances have been 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.
[3] Foreign currency translation reserve includes a loss of $1,400m (2021: $1,399m; 2020: $1,396m) that will not re-cycle through the Income statement on disposal of the non-foreign operations, and a loss of $40m (2021: $13m: 2020: $9m gain) relating to the foreign operations that will re-cycle through the Income statement on disposal.
[4] 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.
[5] 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.