Economic value-added statement
Value distributed
78%
(2021:78%)
Value retained
22%
(2021: 22%)
Total economic value distributed
3.73bn
(2021:3.39bn)
$4,759m
Total economic value generated
How we create and share value
Economic value generated
US dollar millions | % | 2022 | % | 2021 |
---|---|---|---|---|
Gold sales and by-product income(1) | 95 | 4,501 | 92 | 4,029 |
Interest received | 2 | 81 | 1 | 58 |
Royalties received | – | 2 | – | 2 |
Profit from sale of assets | – | 8 | 1 | 22 |
Income from investments | 3 | 167 | 6 | 249 |
Total economic value generated | 100 | 4,759 | 100 | 4,360 |
- Gold sales and by-product revenue increased by 12% due to higher gold production in 2022 compared to 2021.
Economic value distributed (1)
US dollar millions | 2022 | 2021 | Contributing to the SDGs | |
---|---|---|---|---|
|
Providers of capital | 330 | 364 |
|
Finance costs and unwinding of obligations | 149 | 140 | ||
Dividends | 181 | 224 | ||
|
Employees (2) | 534 | 515 |
|
|
Government | 674 | 656 |
|
Current tax (3) | 231 | 248 | ||
Royalties (4) | 152 | 149 | ||
Employee taxes (4) | 182 | 167 | ||
Production, property and other taxes (4) | 109 | 92 | ||
|
Community (5) | 16 | 15 |
|
|
Suppliers and services (6) | 2,175 | 1,836 |
|
Total economic value distributed | 3,729 | 3,386 |
- Economic distribution providing human, financial, social, natural and manufactured capital, guided by business objectives and key issues identified through the operating process to ensure sustainable long-term value retention for stakeholders, underpinned by our key behavioural programme operational excellence, implemented at every step of the business from exploration through the entire chain to divestment/disposal
- Payments to employees include salaries, wages and other benefits
- Current taxation includes normal taxation and withholding taxation on dividends paid per jurisdiction in which the Group operates
- Employee, production, property and other taxes and royalties are reported on a cash basis and exclude equity-accounted joint ventures and projects of a capital nature
- Community and social investments exclude expenditure by equity-accounted joint ventures
- Suppliers and services excludes capital expenditure
Current taxation by region
US dollar millions | 2022 | 2021 |
---|---|---|
Africa | 138 | 147 |
Americas (1) | 85 | 108 |
Australia | 6 | (3) |
Other | 2 | (4) |
Total | 231 | 248 |
- Includes projects
