XML 155 R74.htm IDEA: XBRL DOCUMENT v3.20.4
DEFERRED INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2020
Income Tax [Abstract]  
Deferred income tax assets and liabilities
Sources of Deferred Income Tax Assets and Liabilities
As at December 31, 2020 As at December 31, 2019
Deferred tax assets
Tax loss carry forwards $456  $511 
Tax credits 13  28 
Environmental rehabilitation 358  329 
Post-retirement benefit obligations and other employee benefits 30  24 
Other working capital 70  75 
Other 3  11 
$930  $978 
Deferred tax liabilities
Property, plant and equipment (3,375) (3,263)
Inventory (463) (545)
Accrued interest payable (28) (26)
($2,936) ($2,856)
Classification:    
Non-current assets $98  $235 
Non-current liabilities (3,034) (3,091)
($2,936) ($2,856)
2021 2022 2023 2024 2025+ No expiry date Total
Non-capital tax losses1
Barbados $13  $—  $263  $77  $655  $—  $1,008 
Canada —  —  —  —  2,176  —  2,176 
Chile —  —  —  —  —  1,050  1,050 
Tanzania —  —  —  —  —  1,455  1,455 
Zambia —  150  —  —  14  —  164 
Other —  4  12  —  21  380  417 
$13  $154  $275  $77  $2,866  $2,885  $6,270 
1Represents the gross amount of tax loss carry forwards translated at closing exchange rates at December 31, 2020.
Deferred Tax Assets Not Recognized
As at December 31, 2020 As at December 31, 2019
Argentina $105  $103 
Australia 298  277 
Barbados 10  17 
Canada 1,127  1,097 
Chile 1,037  1,074 
Côte d'Ivoire 6  5 
Mali 9  8 
Peru 281  329 
Saudi Arabia 70  70 
Tanzania 110  156 
United States —  1 
Zambia —  24 
$3,053  $3,161 
Source of Changes in Deferred Tax Balances
For the years ended December 31 2020 2019
Temporary differences
Property, plant and equipment ($112) ($1,851)
Environmental rehabilitation 29  37 
Tax loss carry forwards (54) (27)
AMT and other tax credits (14) (10)
Inventory 81  (42)
Other (10) 14 
($80) ($1,879)
Intraperiod allocation to:
Income from continuing operations before income taxes ($151) ($1,073)
Allocation to PPA —  (799)
Sale of 50% interest in Kalgoorlie —  12 
Income Tax Payable 65  (16)
Other comprehensive income (6) (3)
Other 12  — 
  ($80) ($1,879)
Income Tax Related Contingent Liabilities
2020 2019
At January 1 $327  $306 
Net additions based on uncertain tax positions related to prior years 39  21 
Reductions for tax positions of prior years (100) — 
At December 311
 $266  $327 
1If reversed, the total amount of $266 million would be recognized as a benefit to income taxes on the income statement, and therefore would impact the reported effective tax rate.
Tax years still under examination
Tax Years Still Under Examination
Argentina 2010-2011, 2014-2020
Australia 2016-2020
Canada 2015-2020
Chile 2015-2020
Côte d'Ivoire 2019-2020
Democratic Republic of Congo 2019-2020
Dominican Republic 2015-2020
Mali 2017-2020
Papua New Guinea 2006-2020
Peru 2013-2020
Saudi Arabia 2019-2020
Tanzania 2018-2020
United States 2019-2020
Zambia 2018-2020