XML 305 R43.htm IDEA: XBRL DOCUMENT v3.21.1
Commitments
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Commitments
      
UNITED STATES DOLLAR
 
      
2020
   2019 
34.
  
COMMITMENTS
          
   
Capital expenditure
          
   Contracted for
1
   
514.7
    47.9 
    
   
Leases
          
   Contracted for
2
   —      33.4 
 
Lease contracts
  
Undiscounted
lease liabilities
3
   
Non-lease

elements
4
   
Fully variable
lease
payments
5
   
Total
 
2020
                    
- within one year
  
 
88.4
 
  
 
126.0
 
  
 
583.0
 
  
 
797.4
 
- later than one and not later than five years
  
 
228.7
 
  
 
296.3
 
  
 
1,506.3
 
  
 
2,031.3
 
- later than five years
  
 
261.2
 
  
 
75.9
 
  
 
—  
 
  
 
337.1
 
   
 
 
   
 
 
   
 
 
   
 
 
 
   
 
578.3
 
  
 
498.2
 
  
 
2,089.3
 
  
 
3,165.8
 
   
 
 
   
 
 
   
 
 
   
 
 
 
2019
                    
- within one year
   63.9    98.7    502.3    664.9 
- later than one and not later than five years
   178.2    290.1    1,410.3    1,878.6 
- later than five years
   205.3    83.3    21.7    310.3 
   
 
 
   
 
 
   
 
 
   
 
 
 
    447.4    472.1    1,934.3    2,853.8 
   
 
 
   
 
 
   
 
 
   
 
 
 
Guarantees
The Group provides environmental obligation guarantees and other guarantees with respect to its South African, Peruvian, Ghanaian and Australian operations. These guarantees amounted to US$191.8 million at 31 December 2020 (2019: US$154.3 million) (refer note 25.1).
 
 
1
 
Contracted for capital expenditure of US$514.7 million in 2020 includes US$454.0 million for Salares Norte. Gold Fields has completed a feasibility study on the Salares Norte deposit in Chile and the final notice to proceed (“FNTP”) was provided by the Board in February 2020 and construction commenced in April 2020.
2
 
Leases amounting to US$33.4 million were entered into during 2019 but the use of the assets has not yet commenced at 31 December 2019. These relates mainly to wind farm and battery storage portion of the power purchase agreement at Agnew.
3
 
The undiscounted lease liabilities relate to the the gross cashflows used to determine the lease liabilities in terms of IFRS 16
Leases
and will not agree to the leases recognised in note 33.
4
 
The
non-lease
elements are the amounts in the lease contracts that are not accounted for as part of the lease liabilities.
5
 
These are the total commitments per lease contracts where the payments have been determined to be fully variable, as a result no lease liability has been recorded. Included in these amounts are payment for
non-lease
elements of the arrangement.