|Figures in million||2011||2010|
|Shares at cost:|
|Advanced Mining Software Limited||2||2|
|AGA Zerps Holding Limited||5,028||5,028|
|AGRe Insurance Company Limited||14||14|
|AngloGold Ashanti Holdings plc||33,869||32,341|
|AngloGold Ashanti USA Incorporated||2,722||2,722|
|AngloGold Australia Investment Holdings||4,167||–|
|AngloGold Namibia (Pty) Limited||51||51|
|Eastvaal Gold Holdings Limited||917||917|
|Gansu Longxin Minerals Company Limited (Jinchanggou CJV) (1)||–||15|
|Nuclear Fuels Corporation of SA (Pty) Limited||7||7|
|Rand Refinery Limited||116||116|
During 2011 and 2010, a number of the dormant subsidiaries of the group unbundled their underlying assets as part of a rationalisation process to consolidate cross shareholdings, simplify the corporate structure and eliminate unnecessary costs relating to these entities.
As a result of the rationalisation, the company received dividends in specie of R7,539m (2010: R17,693m) (note 1). The accounting standards do not allow the offset of the dividends in specie against the carrying values of the investments in subsidiaries and accordingly the carrying values were subject to impairment testing. Impairments following the restructuring of R3,770m (2010: R13,788m) (note 28) were recorded.
(1) Subsidiary has been transferred to non-current assets held for sale (note 20).