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Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Carrying Amounts and Fair Values of Financial Assets and Financial Liabilities

The following tables show the carrying amounts and fair values of financial assets and financial liabilities.


	United States Dollar
	Carrying amount								Carrying Amount		Fair value
Figures in millions unless otherwise stated	Fair value through profit or loss		Fair value through OCI		Financal assets measured at amortised cost		Other financial liabilities measured at amortised cost		Total		Total
2020
Financial assets measured at fair value
- Environmental trust funds		7.4		—		—		—		7.4		7.4
- Trade receivables from provisional copper sales		23.7		—		—		—		23.7		23.7
- Investments		—		42.4		—		—		42.4		42.4
- Asanko redeemable preference shares		—		92.6		—		—		92.6		92.6
- Warrants		12.9		—		—		—		12.9		12.9
- Gold and foreign currency derivatives contracts		113.3		—		—		—		113.3		113.3

Total		157.3		135.0		—		—		292.3		292.3

Financial assets not measured at fair value
- Environmental trust funds		—		—		71.9		—		71.9		71.9
- Loan advanced - contractor		—		—		68.4		—		68.4		68.4
- Trade and other receivables		—		—		29.5		—		29.5		29.5
- Cash and cash equivalents		—		—		886.8		—		886.8		886.8

Total		—		—		1,056.6		—		1,056.6		1,056.6

Financial liabilities measured at fair value
- Copper and oil derivative contracts		29.1		—		—		—		29.1		29.1

Total		29.1		—		—		—		29.1		29.1

Financial liabilities not measured at fair value
- Borrowings		—		—		—		1,526.9		1,526.9		1,689.8
- Trade and other payables		—		—		—		452.0		452.0		452.0
- Lease liabilities		—		—		—		429.0		429.0		429.0

Total		—		—		—		2,407.9		2,407.9		2,570.8

2019
Financial assets measured at fair value
- Environmental trust funds		7.2		—		—		—		7.2		7.2
- Trade receivables from provisional copper sales		22.8		—		—		—		22.8		22.8
- Investments		—		47.9		—		—		47.9		47.9
- Asanko redeemable preference shares		—		95.5		—		—		95.5		95.5
- Warrants		11.7		—		—		—		11.7		11.7
- Oil derivatives contracts		1.1		—		—		—		1.1		1.1

Total		42.8		143.4		—		—		186.2		186.2

Financial assets not measured at fair value
- Environmental trust funds		—		—		62.3		—		62.3		62.3
- Trade and other receivables		—		—		51.4		—		51.4		51.4
- Cash and cash equivalents		—		—		515.0		—		515.0		515.0

Total		—		—		628.7		—		628.7		628.7

Financial liabilities measured at fair value
- Gold and foreign exchange derivative contracts		127.6		—		—		—		127.6		127.6

Total		127.6		—		—		—		127.6		127.6

Financial liabilities not measured at fair value
- Borrowings		—		—		—		1,845.8		1,845.8		1,952.4
- Trade and other payables		—		—		—		385.3		385.3		385.3
- Lease liabilities		—		—		—		332.9		332.9		332.9

Total		—		—		—		2,564.0		2,564.0		2,670.6

Summary of Assets and Liabilities Measured at Fair Value by Level within Fair Value Hierarchy

The following table sets out the Group’s financial assets and financial liabilities by level within the fair value hierarchy at the reporting date:


	United States Dollar
	2020								2019
Figures in millions unless otherwise stated	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Financial assets measured at fair value
Environmental trust funds		7.4		—		7.4		—		7.2		—		7.2		—
Trade receivables from provisional copper sales		23.7		—		23.7		—		22.8		—		22.8		—
Investments - listed		42.4		42.4		—		—		47.9		47.9		—		—
Asanko redeemable preference shares		92.6		—		—		92.6		95.5		—		—		95.5
Warrants		12.9		—		12.9		—		11.7		—		11.7		—
Gold derivative contracts		27.3		—		27.3		—		—		—		—		—
Foreign currency derivative contracts		86.0		—		86.0		—		—		—		—		—
Oil derivative contracts		—		—		—		—		1.1		—		1.1		—
Financial assets not measured at fair value
Environmental trust funds		71.9		—		71.9		—		62.3		—		62.3		—
Loan advanced - contractor		68.4				—		68.4
Financial liabilities measured at fair value
Copper derivative contracts		14.0		—		14.0		—		—		—		—		—
Oil derivative contracts		15.1		—		15.1		—		—		—		—		—
Gold derivative contracts		—		—		—		—		127.3		—		127.3		—
Foreign currency derivative contracts		—		—		—		—		0.3		—		0.3		—
Financial liabilities not measured at fair value
Borrowings		1,689.8		1,156.3		—		533.5		1,952.4		1,700.4		—		252.0