SCOPE OF REPORT
AngloGold Ashanti’s Annual Integrated Report 2013 is for the period from 1 January 2013 to 31 December 2013. This report is aimed primarily at the providers of financial capital. Stakeholders are also referred to the Annual Sustainability Report 2013 for additional information.
This Annual Integrated Report forms part of a comprehensive suite of reports.
Compilation of this report
This report has been produced in line with the recommendations of the South African King Code on Corporate Governance 2009 (King III) and the Listings Requirements of the Johannesburg Stock Exchange (JSE), the home of our primary listing.
We have sought to adopt the guiding principles and content elements advocated by the International Integrated Reporting Council and have adapted these to meet our specific operating and business circumstances. Accordingly, this report seeks to provide a holistic view of our business – now and in the future – covering operational, financial and non-financial information. We have identified and engaged with a diverse range of stakeholders during the year, and their input has shaped the content of this report.
We have also taken cognisance of those issues that we believe are most important to the group’s future sustainability. These issues were identified by means of a combined assurance process and by taking into account the views expressed by stakeholders.
As this is a group-level report, operational targets and performance are discussed at a regional rather than operational level, although some operational detail is provided where this is appropriate. For detailed performance by operation, readers are referred to the Operational Profiles 2013, which will be available on this website.
Our reports cover all operations and entities in which the group has a controlling interest and which are under our management. Information relating to joint ventures and other interests is provided for context and where this is deemed to be material.
Underpinning this report is the discussion of risks and material issues. For a detailed discussion of AngloGold Ashanti’s material issues during this reporting period, please refer to the Annual Sustainability Report 2013.
Integrated reporting, approvals and assurance
AngloGold Ashanti is committed to the progressive implementation of integrated reporting at all levels of our business. This reporting reflects a holistic account of our business – both financial and non-financial objectives and our performance against them – and describes our vision for the future. Under the guidance of the Audit and Corporate Governance Committee (Audit Committee), the adoption of a combined assurance model was progressed during the year with the aim of providing a co-ordinated approach to all assurance activities. However, technical assurance under the combined assurance approach was suspended for the last six months of 2013. The combined assurance model facilitates group-wide integration and leveraging of the various control, governance and assurance processes. Its introduction has brought a new dimension to assurance within the group through the value derived from integrated assurance teams.
Certain operations within AngloGold Ashanti were subjected to risk-based, integrated, technical or commercial combined assurance reviews. The outcome of these reviews provided reasonable assurance to allow the board, on the recommendation of the Audit Committee, to determine the effectiveness of the group’s system of internal controls over financial reporting.
Following the recommendation of the Audit Committee, AngloGold Ashanti’s suite of 2013 annual reports for the year ended 31 December 2013, including the Annual Financial Statements 2013, were reviewed and approved by the board of directors on 18 March 2014.
In accordance with the Companies Act of 2008, as amended, the Annual Financial Statements 2013 were audited by Ernst & Young Inc., the company’s independent external auditors, whose unqualified audit report may be found on page 76 of the Annual Financial Statements 2013. Certain sustainability information in our reports has been assured by Ernst & Young Inc., whose combined reasonable and limited assurance statement may be found in the Annual Sustainability Report 2013.