{"id":3663,"date":"2025-03-20T08:41:49","date_gmt":"2025-03-20T06:41:49","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/24\/?p=3663"},"modified":"2025-03-23T06:16:12","modified_gmt":"2025-03-23T04:16:12","slug":"expenses","status":"publish","type":"post","link":"https:\/\/reports.anglogoldashanti.com\/24\/ar\/financials\/expenses\/","title":{"rendered":"Expenses"},"content":{"rendered":"\n<div class=\"wp-block-group has-border-color has-super-light-gray-border-color has-global-padding is-layout-constrained wp-container-core-group-is-layout-80fb368b wp-block-group-is-layout-constrained\" style=\"padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30)\"><div class=\"lazyblock-charts-Z2w4UB2 wp-block-lazyblock-charts\">  \n\n<h6 class=\"chart-title\">Year-on-year movements ($m)<\/h6>\n<div class=\"chart-wrapper\">\n<script>\n$chartCount = document.querySelectorAll('canvas').length;\n\n\n<\/script>  \n    <canvas id=\"chart-Z2w4UB2-fcwLeU781lQw\"\n        style=\"position: relative; min-height: 240px; height:240px; width:100%\"><\/canvas>\n<\/div>\n<script type=\"text\/javascript\">\n$excelFileUrl = 'https:\/\/reports.anglogoldashanti.com\/24\/wp-content\/uploads\/2025\/03\/ar-p54-expenses-year-on-year.csv'\n\n\nif ($excelFileUrl && $excelFileUrl != '') {\n\n        d3.csv($excelFileUrl) \n        .then((data) => {\n        renderChart(data, 'bar', 'chart-Z2w4UB2-fcwLeU781lQw', 'Year-on-year movements ($m)',\n               'dark', 'standard-bar', 'bottom',\n               '', '', '0'\n             );\n        });        \n}\n\n<\/script><\/div><\/div>\n\n\n\n<p>Expenses reduced by $583m from $978m in 2023 to $395m in 2024 mainly due to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Net impairment, derecognition of assets and asset disposals was a loss of $221m in 2023 compared to a gain of $58m in 2024, representing a change of $279m. Net Impairment, derecognition of assets and asset disposals in 2024 was mainly due to the reversal of impairment of the Cuiab\u00e1 Complex of $60m (gross of taxation) as a result of the restart of the Queiroz metallurgical plant in September 2024 and profit on asset derecognition of $13m at Siguiri partially offset by losses on derecognition of assets at Serra Grande of $12m and a loss of $2m recorded on the sale of Yatela in Mali.<\/li>\n\n\n\n<li>Corporate restructuring costs of $314m related to the primary listing move and redomicile in the prior period which did not recur in the current period. <\/li>\n\n\n\n<li>Other expenses\/income increased by $40m, from an expense of $104m in 2023 to an expense of $144m in 2024. The increase during 2024 compared to 2023 was largely due to an increase of $42m for legal fees and project costs (mainly relating to the Centamin acquisition).<\/li>\n\n\n\n<li>Share of associates and joint ventures\u2019 profit decreased by $52m from a profit of $207m in 2023 to a profit of $155m in 2024, mainly due to a decrease in equity earnings of $53m at Kibali due to an increase in taxation resulting from the introduction of a super profits tax.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Expenses reduced by $583m from $978m in 2023 to $395m in 2024 mainly due to:<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3663","post","type-post","status-publish","format-standard","hentry","category-financials"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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