6 Special items

2010	2011	Figures in million	2011	2010
SA Rands			US Dollars
634	(999)	Net (reversals) impairments of tangible assets (notes 13 and 15)	(120)	91
16	156	Impairment of investments (notes 13 and 18) ⁽¹⁾	21	2
67	(10)	(Reversals) impairment of other receivables	(1)	9
191	68	Net loss on disposal and derecognition of land, mineral rights, tangible assets and exploration properties (note 13) ⁽²⁾	8	25
–	(14)	Profit on disposal of subsidiary ISS International Limited (note 13)	(2)	–
(314)	–	Profit on disposal of investments (note 13) ⁽³⁾	–	(43)
–	44	Black economic empowerment transaction modification costs for Izingwe (Pty) Limited (note 11)	7	–
(56)	(556)	Royalties received (note 3) ⁽⁴⁾	(79)	(8)
–	(26)	Insurance claim recovery on capital items (note 13)	(3)	–
(134)	–	Insurance claim recovery on loss of business	–	(19)
(39)	–	Recovery on consignment inventory	–	(5)
125	35	Indirect tax expenses and legal claims ⁽⁵⁾	6	17
396	–	Mandatory convertible bonds issue discount, underwriting and professional fees	–	56
8	–	Contractor termination costs at Geita Gold Mining Limited	–	1
894	(1,302)		(163)	126

⁽¹⁾ Impairment of First Uranium Corporation shares of $19m, R144m (2010: nil), Village Main Reef Limited shares of $2m, R12m (2010: nil) and Corvus Gold Inc. shares of nil (2010: $2m, R16m).
⁽²⁾ The net loss on disposal and derecognition of land, mineral rights, tangible assets and exploration properties includes amongst others the following:
- loss on disposal and derecognition of land, mineral rights, tangible assets and exploration properties amounted to $8m, R68m (2010: $18m, R150m); and
- on 1 August 2010, the sale of Tau Lekoa mine to Simmers & Jack Mines Limited was finalised, resulting in a loss on disposal of $7m, R41m.
⁽³⁾ The profit on disposal of investments includes the following:
- on 9 November 2010, AngloGold Ashanti Limited disposed of its entire holding of 31,556,650 shares in Vancouver-based gold producer B2Gold Corp., resulting in a realised profit on disposal of $36m, R250m; and
- profit on disposal of minor investments amounted to $7m, R64m.
⁽⁴⁾ Includes the sale of Ayanfuri royalty to Franco Nevada Corporation for a pre-taxation amount of $35m, R237m (2010: nil), the Boddington royalty amounting to $38m, R273m (2010: $4m, R30m) and other royalties of $6m, R46m (2010: $4m, R26m).
⁽⁵⁾ Indirect tax expenses and legal claims include the following:
- net reversal of impairment for non-recovery of VAT and fuel duties in Tanzania and Guinea amounting to $1m, R10m (2010: impairment of $13m, R95m); and
- net impairment for non-recovery of other indirect tax expenses and legal claims of $7m, R45m (2010: $4m, R30m).