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Environmental Trust Funds | 12 Months Ended
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Dec. 31, 2020
Text block [abstract] |
Environmental Trust Funds |
|  |  |  | UNITED STATES DOLLAR |
|  |  |  | 2020 |  |  | 2019 |
18. |  | ENVIRONMENTAL TRUST FUNDS |  |  |  |  |  |  |  |
|  | Balance at beginning of the year |  |  | 69.5 |  |  |  | 60.8 |
|  | Contributions |  |  | 8.7 |  |  |  | 7.1 |
|  | Interest earned |  |  | 0.7 |  |  |  | 0.7 |
|  | Translation adjustment |  |  | 0.4 |  |  |  | 0.9 |
|  | Balance at end of the year |  |  | 79.3 |  |  |  | 69.5 |
The trust funds consist of term deposits amounting to US$17.6 million (2019: US$16.8 million) in South Africa, as well as secured cash deposits amounting to US$61.7 million (2019: US$52.7 million) in Ghana. These funds are intended to fund environmental rehabilitation obligations of the Group’s South African and Ghanaian mines and are not available for general purposes of the Group. All income earned in these funds is re-invested or spent to meet these obligations. The funds are invested in money market and fixed deposits. The obligations which these funds are intended to fund are included in environmental rehabilitation costs under long-term provisions (Refer note 25.1). Refer to note 34 for details on environmental obligation guarantees.

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- Definition The entire disclosure for the entity's interest in decommissioning, restoration and environmental rehabilitation funds. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRIC -Number 5 -IssueDate 2020-01-01 -Section Consensus -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRIC&num=5&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IFRIC05_g7-13_TI -URIDate 2020-01-01 + Details
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