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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Property, Plant and Equipment
13.  Property, Plant and Equipment
 
    
Mineral-
bearing land
$m
    
Land and
buildings
$m
    
Plant and
machinery
$m
    
Assets in
course of
construction
$m
    
Total
$m
 
At 31 December 2021
                                            
Owned
                                            
Cost/deemed cost
  
 
4,890
 
  
 
5,865
 
  
 
19,754
 
  
 
977
 
  
 
31,486
 
Accumulated depreciation (and impairment charges)
  
 
(1,244)
 
  
 
(1,904)
 
  
 
(10,360)
 
  
 
(40)
 
  
 
(13,548)
 
Net carrying amount
  
 
3,646
 
  
 
3,961
 
  
 
9,394
 
  
 
937
 
  
 
17,938
 
           
At 1 January 2021, net carrying amount
  
 
3,698
 
  
 
4,081
 
  
 
9,416
 
  
 
572
 
  
 
17,767
 
Translation adjustment
  
 
(59)
 
  
 
(111)
 
  
 
(146)
 
  
 
(22)
 
  
 
(338)
 
Reclassifications
  
 
28
 
  
 
20
 
  
 
449
 
  
 
(501)
 
  
 
(4)
 
Transfer from leased assets (note 20)
  
 
-
 
  
 
-
 
  
 
10
 
  
 
-
 
  
 
10
 
Additions at cost
  
 
13
 
  
 
94
 
  
 
564
 
  
 
883
 
  
 
1,554
 
Additions to leased mineral reserves (note 19) (i)
  
 
10
 
  
 
-
 
  
 
-
 
  
 
-
 
  
 
10
 
Arising on acquisition (note 30)
  
 
81
 
  
 
86
 
  
 
346
 
  
 
8
 
  
 
521
 
Disposals at net carrying amount
  
 
(11)
 
  
 
(63)
 
  
 
(92)
 
  
 
(3)
 
  
 
(169)
 
Depreciation charge for year
  
 
(114)
 
  
 
(146)
 
  
 
(1,153)
 
  
 
-
 
  
 
(1,413)
 
At 31 December 2021, net carrying amount
  
 
3,646
 
  
 
3,961
 
  
 
9,394
 
  
 
937
 
  
 
17,938
 
           
           
Land and
buildings
$m
    
Plant and
machinery
$m
    
Other
$m
        
Leased
right-of-use
assets (ii)
                                            
At 31 December 2021, net carrying amount (note 20)
           
 
1,195
 
  
 
313
 
  
 
56
 
  
 
1,564
 
Total property, plant and equipment
                                      
 
19,502
 
           
The equivalent disclosure for the prior year is as follows:
                                            
    
Mineral-
bearing land
$m
    
Land and
buildings
$m
    
Plant and
machinery
$m
    
Assets in
course of
construction
$m
    
Total
$m
 
At 31 December 2020
                                            
Owned
                                            
Cost/deemed cost
     4,874        5,928        19,400        612        30,814  
Accumulated depreciation (and impairment charges)
     (1,176)        (1,847)        (9,984)        (40)        (13,047)  
Net carrying amount
     3,698        4,081        9,416        572        17,767  
           
At 1 January 2020, net carrying amount
     3,687        4,027        9,490        718        17,922  
Translation adjustment
     82        109        232        13        436  
Reclassifications
     52        76        440        (572)        (4)  
Transfer from leased assets (note 20)
     -        5        2        -        7  
Additions at cost
     28        42        512        414        996  
Additions to leased mineral reserves (note 19) (i)
     14        -        -        -        14  
Arising on acquisition (note 30)
     7        42        72        1        122  
Disposals at net carrying amount
     (8)        (57)        (60)        (2)        (127)  
Depreciation charge for year
     (108)        (155)        (1,082)        -        (1,345)  
Impairment charge for year (iii)
     (56)        (8)        (190)        -        (254)  
At 31 December 2020, net carrying amount
     3,698        4,081        9,416        572        17,767  
           
           
Land and
buildings
$m
    
Plant and
machinery
$m
    
Other
$m
        
Leased
right-of-use
assets (ii)
                                            
At 31 December 2020, net carrying amount (note 20)
              1,151        342        57        1,550  
Total property, plant and equipment
                                         19,317  
 

    
Mineral-
bearing land
$m
    
Land and
buildings
$m
    
Plant and
machinery
$m
    
Assets in
course of
construction
$m
    
Total
$m
 
Owned
                                            
At 1 January 2020
                                            
Cost/deemed cost
     4,670        5,653        18,292        757        29,372  
Accumulated depreciation (and impairment charges)
     (983)        (1,626)        (8,802)        (39)        (11,450)  
Net carrying amount
     3,687        4,027        9,490        718        17,922  
 
(i)
Additions relating to leased mineral reserves which fall outside the scope of IFRS 16.
 
(ii)
See note 20 for more detailed information on
right-of-use
assets and lease liabilities of the Group.
 
(iii)
No impairment charge was recognised in 2021 (2020
: $263 
million including $9 million related to leased right-of-use assets (note 20); 2019:
$9 million). The charge in 2020 principally relates to the write-down of specific assets relating to our UK business within our Europe Materials segment following a strategic review of its operational footprint, together with impairments booked in respect of two CGUs in the same segment. An extended period of lower than anticipated demand and reduced price growth resulting from the combined economic impacts of Brexit and
COVID-19
were the primary drivers of the impairment charge. The recoverable amount of these assets is their
value-in-use
of $185 million and is calculated using real
pre-tax
discount rates ranging from 7.3% to 7.7%.
 
Future purchase commitments for property, plant and equipment
  
2021
$m
    
2020
$m
 
Contracted for but not provided in the financial statements
  
 
628
 
     423  
Authorised by the Directors but not contracted for
  
 
417
 
     307