XML 141 R73.htm IDEA: XBRL DOCUMENT v3.8.0.1
DEFERRED INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2017
Income Tax [Abstract]  
Deferred income tax assets and liabilities
 
2018

2019

2020

2021

2022+

No expiry date

Total

Non-capital tax losses1
 
 
 
 
 
 
 
Canada

$—


$—


$—


$—


$2,093


$—


$2,093

Argentina
—

—

—

271

—

—

271

Barbados
4,727

922

217

13

735

—

6,614

Chile
—

—

—

—

—

1,052

1,052

Tanzania
—

—

—

—

—

1,756

1,756

Zambia
115

—

—

12

404

—

531

Other
7

—

—

—

—

568

575

 

$4,849


$922


$217


$296


$3,232


$3,376


$12,892

1 
Represents the gross amount of tax loss carry forwards translated at closing exchange rates at December 31, 2017.

Source of Changes in Deferred Tax Balances
For the years ended December 31
2017

2016

Temporary differences
 
 
Property, plant and equipment

$295


($297
)
Environmental rehabilitation
(45
)
79

Tax loss carry forwards
191

259

Inventory
26

(94
)
Derivatives
(16
)
(16
)
Other
(84
)
39

 

$367


($30
)
Intraperiod allocation to:
 
 
Income from continuing operations before income taxes

($106
)

($8
)
Cerro Casale disposition
469

—

Veladero disposition
16

—

OCI
(12
)
(22
)
 

$367


($30
)
Income Tax Related Contingent Liabilities
 
2017

2016

At January 1

$128


$61

Net additions based on uncertain tax positions related to prior years
178

70

Reductions for tax positions of prior years
—

(3
)
At December 311

$306


$128

1 
If reversed, the total amount of $306 million would be recognized as a benefit to income taxes on the income statement, and therefore would impact the reported effective tax rate.
Deferred Tax Assets Not Recognized
 
As at December 31, 2017

As at December 31, 2016

Australia

$158


$162

Canada
388

377

United States
—

115

Chile
993

890

Argentina
515

599

Barbados
66

66

Tanzania
209

183

Zambia
50

151

Saudi Arabia
70

70

 

$2,449


$2,613

Sources of Deferred Income Tax Assets and Liabilities
 
As at December 31, 2017

As at December 31, 2016

Deferred tax assets
 
 
Tax loss carry forwards

$926


$735

Environmental rehabilitation
594

639

Property, plant and equipment
175

273

Post-retirement benefit obligations and other employee benefits
49

47

Accrued interest payable
40

75

Other working capital
23

54

Derivative instruments
74

89

Other
21

41

 

$1,902


$1,953

Deferred tax liabilities
 
 
Property, plant and equipment
(1,571
)
(1,963
)
Inventory
(507
)
(533
)
 

($176
)

($543
)
Classification:
 
 
Non-current assets

$1,069


$977

Non-current liabilities
(1,245
)
(1,520
)
 

($176
)

($543
)
Tax years still under examination
Tax Years Still Under Examination
 
Canada
2015-2017
United States
2017
Dominican Republic
2013-2017
Peru
2009, 2011-2017
Chile
2013-2017
Argentina
2011-2017
Australia
2013-2017
Papua New Guinea
2006-2017
Saudi Arabia
2007-2017
Tanzania
All years open
Zambia
2010-2017