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Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Summary of Property, Plant and Equipment
 
United States Dollars
 
 
 
 
 
 
 
 
 
 
United States Dollars
 
 
 
 
31 December 2018
 
 
 
 
 
 
 
 
 
 
31 December 2019
 
 
 
 
Land, mineral
rights and
rehabilitation
assets
 
 
Mine development,
infrastructure and
other assets
1,2
 
 
Total
 
 
 
 
Total
 
 
Right-of-use assets

relating to mine
development,
infrastructure and
other assets
 
 
Mine development,
infrastructure and
other assets
1
 
 
Land, mineral
rights and
rehabilitation
assets
 
   
 
   
 
   
 
13. PROPERTY, PLANT AND EQUIPMENT
 
   
 
   
 
   
 
   
   
 
   
 
   
 
Cost
 
   
 
   
 
   
 
   
 
674.3
 
 
 
9,886.4
 
 
 
10,560.7
 
 
Balance at beginning of the year
 
 
10,276.3
 
 
 
—  
 
 
 
9,662.3
 
 
 
614.0
 
 
(10.4
) 
 
 
10.4
 
 
 
—  
 
 
Reclassifications
 
 
—  
 
 
 
0.4
 
 
 
271.7
 
 
 
(272.1)
 
 
14.0
 
 
 
800.2
 
 
 
814.2
 
 
Additions
 
 
612.5
 
 
 
—  
 
 
 
582.1
 
 
 
30.4
 
        
 
—  
 
 
 
96.2
 
 
 
96.2
 
 
Finance leases capitalised (refer note 33)
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
Reclassification of finance lease assets to
right-of-use
assets on adoption of IFRS 16
 
 
—  
 
 
 
88.6
 
 
 
(88.6)
 
 
 
—  
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
Right-of-use
assets capitalised on adoption of IFRS 16 (refer note 33)
 
 
209.6
 
 
 
209.6
 
 
 
—  
 
 
 
—  
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
Right-of-use
assets capitalised during the year (refer note 33)
 
 
67.3
 
 
 
67.3
 
 
 
—  
 
 
 
—  
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
Remeasurements of
right-of-use
assets capitalised (refer note 33)
2
 
 
5.9
 
 
 
5.9
 
 
 
—  
 
 
 
—  
 
 
—  
 
 
 
17.5
 
 
 
17.5
 
 
General borrowing costs capitalised
3
 
 
31.0
 
 
 
—  
 
 
 
31.0
 
 
 
—  
 
 
(34.1
) 
 
 
(494.6
) 
 
 
(528.7)
 
 
Disposals
 
 
(14.3)
 
 
 
—  
 
 
 
(11.0)
 
 
 
(3.3)
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
Disposal of subsidiary
 
 
(10.0)
 
 
 
—  
 
 
 
(10.0)
 
 
 
—  
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
Scrapping of assets
 
 
(388.1)
 
 
 
(0.3)
 
 
 
(381.6)
 
 
 
(6.2)
 
 
24.1
 
 
 
—  
 
 
 
24.1
 
 
Changes in estimates of rehabilitation assets
 
 
66.1
 
 
 
—  
 
 
 
—  
 
 
 
66.1
 
 
(53.9
) 
 
 
(653.8
) 
 
 
(707.7
) 
 
Translation adjustment
 
 
116.1
 
 
 
1.5
 
 
 
111.2
 
 
 
3.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
614.0
 
 
 
9,662.3
 
 
 
10,276.3
 
 
Balance at end of the year
 
 
10,972.4
 
 
 
373.0
 
 
 
10,167.1
 
 
 
432.3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
 
   
 
   
 
Accumulated depreciation and impairment
 
   
 
   
 
   
 
   
 
34.7
 
 
 
5,633.1
 
 
 
5,667.8
 
 
Balance at beginning of the year
 
 
6,017.1
 
 
 
—  
 
 
 
5,981.6
 
 
 
35.5
 
 
10.1
 
 
 
658.3
 
 
 
668.4
 
 
Charge for the year
 
 
610.0
 
 
 
42.0
 
 
 
555.1
 
 
 
12.9
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
Reclassification of finance lease assets to
right-of-use
assets on adoption of IFRS 16
 
 
—  
 
 
 
1.3
 
 
 
(1.3)
 
 
 
—  
 
 
—  
 
 
 
411.7
 
 
 
411.7
 
 
Impairment and reversal of impairment, net
4
 
 
0.2
 
 
 
0.2
 
 
 
—  
 
 
 
—  
 
 
—  
 
 
 
37.7
 
 
 
37.7
 
 
Write-off
of exploration and evaluation assets
5
 
 
30.0
 
 
 
—  
 
 
 
30.0
 
 
 
—  
 
 
(6.6
) 
 
 
(391.6
) 
 
 
(398.2
) 
 
Disposals
 
 
(11.8)
 
 
 
—  
 
 
 
(8.7)
 
 
 
(3.1)
 
 
—  
 
 
 
—
 
 
 
—  
 
 
Disposal of subsidiary
 
 
(4.1)
 
 
 
—  
 
 
 
(4.1)
 
 
 
—  
 
 
—  
 
 
 
—
 
 
 
—  
 
 
Scrapping of assets
 
 
(388.1)
 
 
 
(0.3)
 
 
 
(381.6)
 
 
 
(6.2)
 
 
(2.7
) 
 
 
(367.6
) 
 
 
(370.3
) 
 
Translation adjustment
 
 
62.0
 
 
 
0.8
 
 
 
56.7
 
 
 
4.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
35.5
 
 
 
5,981.6
 
 
 
6,017.1
 
 
Balance at end of the year
 
 
6,315.3
 
 
 
44.0
 
 
 
6,227.7
 
 
 
43.6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
578.5
 
 
 
3,680.7
 
 
 
4,259.2
 
 
Carrying value at end of the year
 
 
4,657.1
 
 
 
329.0
 
 
 
3,939.4
 
 
 
388.7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
 
 
Included in the cost of mine development, infrastructure and other assets are exploration and evaluation assets amounting to US$nil (2018: US$12.6 million).
2
 
 
The remeasurements relate mainly to leases at the Group’s Australian operations that have variable payments linked to the Austalian consumer price index (“CPI”).
3
 
 
General borrowing costs of US$31.0 million (2018: US$17.5 million) arising on group general borrowings were capitalised during the period and comprised US$20.0 million (2018: US9.9 million) borrowings costs related to the Damang reinvestment project and US$11.0 million (2018: US7.6 million) borrowings costs related to the Gruyere project. An average interest capitalisation rate of 6.2% (2018: 5.9%) was applied.
4
 
 
The impairment of US$0.2 million (2018: US$411.7 million) is made up of US$0.2 million (2018: US$1.9 million) impairment of property, plant and equipment and US$nil (2018: US$409.8 million) impairment of the South Deep cash-generating unit.
5
 
 
The
write-off
of exploration and evaluation assets is due to specific exploration programmes not yielding results to warrant further exploration at the Group’s Australian operations and the US$30.0 million (2018: US$37.7 million) is included in the US$84.4 million (2018: US$104.2 million) “Exploration expense” in the consolidated income statement.