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 | |||
---|---|---|---|---|---|
Employees | 508 | 591 |
| ||
Salaries and wages | 497 | 579 | |||
Training and development | 11 | 12 | |||
Government | 1,055 | 736 |
| ||
Current taxation (3) | 562 | 298 | |||
Royalties (4) | 175 | 131 | |||
Employee taxes (4) | 209 | 221 | |||
Production, property and other taxes (4) | 109 | 86 | |||
Community(5) | 22 | 26 |
| ||
Suppliers and services (6) | 1,664 | 1,755 |
| ||
Providers of capital | 221 | 208 |
| ||
Finance costs and unwinding | 183 | 181 | |||
Dividends | 38 | 27 | |||
Total | 3,470 | 3,316 |
- (1) Gold income increased by 19% due to a higher gold price received for the year 2020
- (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) Current taxation includes normal taxation and withholding taxation on dividends paid per jurisdiction in which the group operates
- (4) Employee, production, property and other taxes and royalties are reported on a cash basis and exclude equity-accounted joint ventures
- (5) Community and social investments exclude expenditure by equity-accounted joint ventures
- (6) Suppliers and services excludes capital expenditure
Total distributed
$3.47bn(2019: $3.32bn)
Total distributed
68%(2019: 78%)
Value retained
32%(2019: 22%)
Region | $000 |
---|---|
Africa | 12.9 |
Americas | 6.2 |
Australia | 0.8 |
South Africa | 2.9 |
* including equity accounted joint ventures