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INVESTMENTS | 12 Months Ended
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Dec. 31, 2019
Interests In Other Entities [Abstract] |
INVESTMENTS | INVESTMENTS Equity Accounting Method Investment Continuity
| Kibali |  | Jabal Sayid |  | Zaldívar |  | Other |  | Total |
At January 1, 2018 |  | $— |  |  | $206 |  |  | $975 |  |  | $32 |  |  | $1,213 |
Equity pick-up (loss) from equity investees | — |  | 39 |  | 14 |  | (7 | ) | 46 |
Funds invested | — |  | — |  | — |  | 5 |  | 5 |
Impairment charges | — |  | — |  | — |  | (30 | ) | (30 | )
At December 31, 2018 |  | $— |  |  | $245 |  |  | $989 |  |  | $— |  |  | $1,234 |
Acquisitions | 3,195 |  | — |  | — |  | 58 |  | 3,253 |
Equity pick-up from equity investees | 98 |  | 51 |  | 16 |  | — |  | 165 |
Funds invested | — |  | — |  | — |  | 2 |  | 2 |
Dividends paid | (75 | ) | — |  | (50 | ) | — |  | (125 | )
Shareholder loan repayment | — |  | — |  | — |  | (2 | ) | (2 | )
At December 31, 2019 |  | $3,218 |  |  | $296 |  |  | $955 |  |  | $58 |  |  | $4,527 |
Summarized Equity Investee Financial Information |  |  |  |
| Kibali | Jabal Sayid | Zaldívar
For the years ended December 31 | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
Revenue |  | $1,123 |  |  | $— |  |  | $315 |  |  | $296 |  |  | $685 |  |  | $599 |
Cost of sales (excluding depreciation) | 460 |  | — |  | 133 |  | 158 |  | 442 |  | 404 |
Depreciation | 435 |  | — |  | 53 |  | 39 |  | 172 |  | 118 |
Finance expense | — |  | — |  | 1 |  | 2 |  | 12 |  | — |
Other expense (income) | 18 |  | — |  | (2 | ) | 9 |  | 10 |  | 25 |
Income from continuing operations before tax |  | $210 |  |  | $— |  |  | $130 |  |  | $88 |  |  | $49 |  |  | $52 |
Income tax expense | (16 | ) | — |  | (27 | ) | (10 | ) | (17 | ) | (24 | )
Income from continuing operations after tax |  | $194 |  |  | $— |  |  | $103 |  |  | $78 |  |  | $32 |  |  | $28 |
Total comprehensive income |  | $194 |  |  | $— |  |  | $103 |  |  | $78 |  |  | $32 |  |  | $28 |
Summarized Balance Sheet |  |  |  |  |  |
| Kibali | Jabal Sayid | Zaldívar
For the years ended December 31 | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
Cash and equivalents |  | $453 |  |  | $— |  |  | $43 |  |  | $128 |  |  | $139 |  |  | $129 |
Other current assets 1 | 338 |  | — |  | 67 |  | 68 |  | 632 |  | 602 |
Total current assets |  | $791 |  |  | $— |  |  | $110 |  |  | $196 |  |  | $771 |  |  | $731 |
Non-current assets | 4,623 |  | — |  | 464 |  | 482 |  | 1,823 |  | 1,927 |
Total assets |  | $5,414 |  |  | $— |  |  | $574 |  |  | $678 |  |  | $2,594 |  |  | $2,658 |
Current financial liabilities (excluding trade, other payables & provisions) |  | $11 |  |  | $— |  |  | $— |  |  | $48 |  |  | $19 |  |  | $18 |
Other current liabilities | 35 |  | — |  | 63 |  | 41 |  | 99 |  | 85 |
Total current liabilities |  | $46 |  |  | $— |  |  | $63 |  |  | $89 |  |  | $118 |  |  | $103 |
Non-current financial liabilities (excluding trade, other payables & provisions) | 44 |  | — |  | 150 |  | 331 |  | 11 |  | 12 |
Other non-current liabilities | 648 |  | — |  | 14 |  | 14 |  | 536 |  | 546 |
Total non-current liabilities |  | $692 |  |  | $— |  |  | $164 |  |  | $345 |  |  | $547 |  |  | $558 |
Total liabilities |  | $738 |  |  | $— |  |  | $227 |  |  | $434 |  |  | $665 |  |  | $661 |
Net assets |  | $4,676 |  |  | $— |  |  | $347 |  |  | $244 |  |  | $1,929 |  |  | $1,997 |
1 | Zaldívar other current assets include inventory of $543 million (2018: $533 million).
The information above reflects the amounts presented in the financial information of the joint venture adjusted for differences between IFRS and local GAAP.
Reconciliation of Summarized Financial Information to Carrying Value |  |  |
| Kibali |  | Jabal Sayid 1 |  | Zaldívar |
Opening net assets |  | $— |  |  | $244 |  |  | $1,997 |
Acquisition | 4,632 |  | — |  | — |
Income for the period | 194 |  | 103 |  | 32 |
Dividend | (150 | ) | — |  | (100 | )
Closing net assets, December 31 |  | $4,676 |  |  | $347 |  |  | $1,929 |
Barrick's share of net assets | 2,107 |  | 173 |  | 965 |
Equity earnings adjustment | — |  | — |  | (10 | )
Goodwill recognition | 1,111 |  | 123 |  | — |
Carrying value |  | $3,218 |  |  | $296 |  |  | $955 |
1 | A $75 million non-interest bearing shareholder loan due from the Jabal Sayid JV is presented as part of Other Assets (refer to note 22).

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- Definition The entire disclosure for interests in other entities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2018-01-01 -Paragraph 1 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=para_1&doctype=Standard -URIDate 2018-03-16 + Details
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