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Annual report suite 2012

Group – Statement of changes in equity

  Equity holders of the parent  
Figures in million
(US dollars)
Share capital and premium Other capital reserves(1) Accumu-
lated      losses(2)
Cash
flow hedge reserve(3)
Avail-
able-
for-sale reserve(4)
Actuarial (losses) gains Foreign currency trans-
lation reserve
Total Non-
controlling interests
Total equity
Balance at 31 December 2010 6,627 194 (2,750) (2) 86 (62) (104) 3,989 124 4,113
Profit for the year     1,552         1,552 46 1,598
Other comprehensive loss   (1)     (67) (25) (365) (458)   (458)
Total comprehensive (loss) income (1) 1,552 (67) (25) (365) 1,094 46 1,140
Shares issued 63             63   63
Share issue expenses (1)             (1)   (1)
Share-based payment for share awards net of exercised   9           9   9
Dividends paid (note 14)     (131)         (131)   (131)
Dividends of subsidiaries               (27) (27)
Translation   (31) 29   (1) 9   6 (6)
Balance at 31 December 2011 6,689 171 (1,300) (2) 18 (78) (469) 5,029 137 5,166
Profit for the year     830         830 19 849
Other comprehensive loss         (5) (24) (93) (122)   (122)
Total comprehensive income (loss) 830 (5) (24) (93) 708 19 727
Shares issued 53             53   53
Share-based payment for share awards net of exercised   15           15   15
Acquisition of non-controlling interest (5)     (144)         (144) (71) (215)
Disposal of subsidiary (6)               (45) (45)
Dividends paid (note 14)     (215)         (215)   (215)
Dividends of subsidiaries               (17) (17)
Translation   (9) 6     4   1 (1)
Balance at 31 December 2012 6,742 177 (823) (2) 13 (98) (562) 5,447 22 5,469
  1. (1) Other capital reserves comprise a surplus on disposal of company shares held by companies prior to the formation of AngloGold Ashanti Limited of $17m (2011: $18m), surplus on equity transaction of joint venture of $36m (2011: $37m), share of equity-accounted investments’ other comprehensive loss of $1m (2011: $1m), equity items for share-based payments of $123m (2011: $115m) and other transfers.
  2. (2) Included in accumulated losses are retained earnings totalling $556m (2011: $305m) arising at the joint venture operations and certain subsidiaries which may not be remitted without third party consent.
  3. (3) Cash flow hedge reserve represents the effective portion of fair value gains or losses in respect of cash flow hedges.
  4. (4) Available-for-sale reserve represents fair value gains or losses on available-for-sale financial assets.
  5. (5) On 28 June 2012, AngloGold Ashanti Limited acquired the remaining 50% shareholding in the Serra Grande mine from Kinross Gold Corporation for $220m less $5m for dividends declared and paid to minorities.
  6. (6) In early December 2012, AngloGold Ashanti Limited disposed of a 5% interest in Rand Refinery Limited. At year-end AngloGold Ashanti Limited held a remaining interest of 48.03%.