Integrated report <IR> 2020

Economic value added statement

For the year ended 31 December 2020

HOW WE CREATE
AND SHARE VALUE

ECONOMIC VALUE GENERATED

US dollar million%2020%2019
Gold sales and by-product income (1) 94 4,836 96 4,080
Interest received 1 30 1 20
Royalties received 0 - 0 3
Profit from sale of assets 0 2 0 1
Income from investments 5 261 3 139
Other Income 0 5 0 16
Total Economic value generated 100 5,134 100 4,259

Economic value distributed (2)

2020 2019 Contributing to the SDGs
icon Employees Decreased to 508 591
Salaries and wages497579
Training and development11 12
icon Government Increased to 1,055 736
Current taxation (3)562298
Royalties (4)175131
Employee taxes (4)209221
Production, property and other taxes (4)10986
icon Community(5) Decreased to 22 26
icon Suppliers and services (6) Decreased to 1,664 1,755
icon Providers of capital Increased to 221 208
Finance costs and unwinding183181
Dividends3827
Total  3,4703,316
  1. (1) Gold income increased by 19% due to a higher gold price received for the year 2020
  2. (2) Economic distribution providing human, financial, social, natural and manufactured capital, guided by business objectives and material issues identified through the operating process to ensure sustainable long-term value retention for stakeholders, underpinned by our key behavioural programme operational excellence, implemented at every step of the business from exploration through the entire chain to divestment / disposal
  3. (3) Current taxation includes normal taxation and withholding taxation on dividends paid per jurisdiction in which the group operates
  4. (4) Employee, production, property and other taxes and royalties are reported on a cash basis and exclude equity-accounted joint ventures
  5. (5) Community and social investments exclude expenditure by equity-accounted joint ventures
  6. (6) Suppliers and services excludes capital expenditure
Economic value distributed 2020
Total distributed
$3.47bn

(2019: $3.32bn)

Total distributed
68%

(2019: 78%)

Value retained
32%

(2019: 22%)

Community investment by region ($000)*
Region $000
Africa12.9
Americas6.2
Australia0.8
South Africa2.9

* including equity accounted joint ventures