Summarised financial information

Group – Statement of changes in equity

  Equity holders of the parent      
Figures in million
(US dollars)
Share
capital
and
premium
 Other
capital
reserves (1)
Accumulated
losses (2)
Cash flow
hedge
reserve (3)
 Available-
for-sale
reserve (4)
 Actuarial
(losses)
gains
Foreign
currency
translation
reserve
 Total  Non-
controlling
interests
 Total
equity
Balance at 31 December 2011 6,689 171 (1,351) (2) 18 (73) (469) 4,983 137 5,120
Profit for the year     897         897 18 915
Other comprehensive loss         (5) (20) (92) (117)   (117)
Total comprehensive income (loss) 897 (5) (20) (92) 780 18 798
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     (215)         (215)   (215)
Dividends of subsidiaries               (17) (17)
Translation   (9) 7     3   1 (1)
Balance at 31 December 2012 6,742 177 (806) (2) 13 (90) (561) 5,473 21 5,494
Loss for the year     (2,230)         (2,230) 30 (2,200)
Other comprehensive income (loss)       1 8 49 (433) (375)   (375)
Total comprehensive (loss) income (2,230) 1 8 49 (433) (2,605) 30 (2,575)
Shares issued (7) 264             264   264
Share-based payment for share                    
awards net of exercised (8)   (13)           (13)   (13)
Dividends paid     (40)         (40)   (40)
Dividends of subsidiaries               (23) (23)
Translation   (28) 15   (3) 16    
Balance at 31 December 2013 7,006 136 (3,061) (1) 18 (25) (994) 3,079 28 3,107
Loss for the year     (58)         (58) 19 (39)
Other comprehensive loss           (16) (201) (217)   (217)
Total comprehensive loss (58) (16) (201) (275) 19 (256)
Shares issued 35             35   35
Share-based payment for share                    
awards net of exercised   6           6   6
Dividends of subsidiaries               (21) (21)
Translation   (10) 10   (1) 1    
Balance at 31 December 2014 7,041 132 (3,109) (1) 17 (40) (1,195) 2,845 26 2,871
  1. (1) Other capital reserves includes a surplus on disposal of company shares held by companies prior to the formation of AngloGold Ashanti Limited of $12m (2013: $14m; 2012: $17m), surplus on equity transaction of joint venture of $36m (2013: $36m; 2012: $36m), share of associates and joint ventures’ other comprehensive loss of $1m (2013: $2m; 2012: $1m), equity items for share-based payments of $82m (2013: $85m; 2012: $123m) and other reserves.
  2. (2) Included in accumulated losses are retained earnings totalling $184m (2013: $83m; 2012: $181m) arising at equity accounted investments 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 that expired in prior periods. The cash flow hedge reserve shall remain in equity and will unwind over the life of Serra Grande mine.
  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 (Pty) Limited, resulting in Rand Refinery (Pty) Limited being reported as an associate.
  7. (7) Includes share awards exercised and delivery of 18,140,000 shares to settle the outstanding 6% Mandatory Convertible Subordinated Bonds.
  8. (8) Includes reassessment of estimated vesting profile related to the accelerated share options.

Statement of cash flows Selected notes