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DEFERRED INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax [Abstract] |
Deferred income tax assets and liabilities | Sources of Deferred Income Tax Assets and Liabilities
| As at December 31, 2019 |  | As at December 31, 2018 |
Deferred tax assets |  |
Tax loss carry forwards |  | $511 |  |  | $537 |
Alternative minimum tax (“AMT”) and other tax credits | 28 |  | 37 |
Environmental rehabilitation | 329 |  | 292 |
Post-retirement benefit obligations and other employee benefits | 24 |  | 27 |
Accrued interest payable | — |  | 1 |
Other working capital | 75 |  | 32 |
Other | 11 |  | 12 |
|  | $978 |  |  | $938 |
Deferred tax liabilities |  |
Property, plant and equipment | (3,263 | ) | (1,412 | )
Inventory | (545 | ) | (503 | )
Accrued interest payable | (26 | ) | — |
|  | ($2,856 | ) |  | ($977 | )
Classification: |  |
Non-current assets |  | $235 |  |  | $259 |
Non-current liabilities | (3,091 | ) | (1,236 | )
|  | ($2,856 | ) |  | ($977 | )
Source of Changes in Deferred Tax Balances
For the years ended December 31 | 2019 |  | 2018 |
Temporary differences |  |
Property, plant and equipment |  | ($1,851 | ) |  | ($15 | )
Environmental rehabilitation | 37 |  | (302 | )
Tax loss carry forwards | (27 | ) | (389 | )
AMT credits | (10 | ) | — |
Inventory | (42 | ) | 5 |
Derivatives | — |  | (74 | )
Other | 14 |  | (26 | )
|  | ($1,879 | ) |  | ($801 | )
Intraperiod allocation to: |  |
Income from continuing operations before income taxes |  | ($1,073 | ) |  | ($730 | )
Allocation to PPA | (799 | ) | — |
Sale of 50% interest in Kalgoorlie | 12 |  | — |
Income tax payable | (16 | ) | (38 | )
Equity | — |  | (24 | )
Other comprehensive income | (3 | ) | (9 | )
|  | ($1,879 | ) |  | ($801 | )
Income Tax Related Contingent Liabilities
| 2019 |  | 2018 |
At January 1 |  | $306 |  |  | $306 |
Net additions based on uncertain tax positions related to prior years | 21 |  | — |
At December 31 1 |  | $327 |  |  | $306 |
1 | If reversed, the total amount of $327 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, 2019 |  | As at December 31, 2018 |
Argentina |  | $103 |  |  | $174 |
Australia | 15 |  | 154 |
Barbados | 17 |  | 40 |
Canada | 1,097 |  | 1,087 |
Chile | 1,074 |  | 1,028 |
Côte d'Ivoire | 5 |  | — |
Dominican Republic | — |  | — |
Mali | 8 |  | — |
Peru | 329 |  | 310 |
Saudi Arabia | 70 |  | 70 |
Tanzania | 156 |  | 156 |
United States | 1 |  | — |
Zambia | — |  | 24 |
|  | $2,875 |  |  | $3,043 |
| 2020 | 2021 | 2022 | 2023 | 2024+ |  | No expiry date |  | Total |
Non-capital tax losses 1 |  |  |  |  |  |  |
Argentina |  | $— |  |  | $50 |  |  | $— |  |  | $— |  |  | $— |  |  | $— |  |  | $50 |
Barbados | — |  | — |  | — |  | 440 |  | 1,252 |  | — |  | 1,692 |
Canada | — |  | — |  | — |  | — |  | 2,371 |  | — |  | 2,371 |
Chile | — |  | — |  | — |  | — |  | — |  | 992 |  | 992 |
Tanzania | — |  | — |  | — |  | — |  | — |  | 1,566 |  | 1,566 |
Zambia | 12 |  | 259 |  | — |  | — |  | — |  | — |  | 271 |
Other | — |  | — |  | — |  | — |  | — |  | 694 |  | 694 |
|  | $12 |  |  | $309 |  |  | $— |  |  | $440 |  |  | $3,623 |  |  | $3,252 |  |  | $7,636 |
1 | Represents the gross amount of tax loss carry forwards translated at closing exchange rates at December 31, 2019.
Tax years still under examination |
Tax Years Still Under Examination |
Argentina | 2010-2011, 2013-2019
Australia | 2015-2019
Canada | 2015-2019
Chile | 2015-2019
Côte d'Ivoire | 2018-2019
Democratic Republic of Congo | 2019
Dominican Republic | 2015-2019
Mali | 2017-2019
Papua New Guinea | 2006-2019
Peru | 2013-2019
Saudi Arabia | 2007-2019
Tanzania | 2018-2019
United States | 2019
Zambia | 2018-2019

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