As filed with the Securities and Exchange Commission on 02 April 201531 March 2017

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM20-F

FOR THE FINANCIAL YEAR ENDED 31 December 20142016

Commission file number:1-14846

AngloGold Ashanti Limited

(Exact Name of Registrant as Specified in its Charter)

Republic of South Africa

(Jurisdiction of Incorporation or Organisation)

76 JeppeRahima Moosa Street, Newtown, Johannesburg, 2001

(P.O. Box 62117, Marshalltown, 2107)

South Africa

(Address of Principal Executive Offices)

Kandimathie Christine Ramon, Chief Financial Officer, Telephone: +27 11 6376019

E-mail: cramon@anglogoldashanti.com, 76 JeppeRahima Moosa Street, Newtown, Johannesburg, 2001, South Africa

(Name, Telephone,E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered pursuant to Section 12(b) of the Act:

Securities registered pursuant to Section 12(g) of the Act:

None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:

None

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Indicate by check mark whether the registrant (1) has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of RegulationS-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files)*.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or anon-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule12b-2 of the Exchange Act.

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

International Financial Reporting Standards as issued by the International Accounting Standards Boardx☒ Other¨☐

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PRESENTATION OF INFORMATION

AngloGold Ashanti Limited

In this annual report on Form20-F, unless the context otherwise requires, references to AngloGold, AngloGold Ashanti, AGA, the company, the Company and the group are references to AngloGold Ashanti Limited including, as appropriate, subsidiaries and associate companies of AngloGold Ashanti.Ashanti Limited.

IFRS financial statements

As a company incorporated in the Republic of South Africa, AngloGold Ashanti has prepared and filedprepares annual audited consolidated financial statements and unaudited consolidated quarterlyhalf-year financial statements in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) in the English language since 1998.language. These financial statements are distributed to shareholders and are submitted to the JSE Limited (JSE), as well as the New York, Australian and Ghana stock exchanges.

Currency

AngloGold Ashanti presents its consolidated financial statements in United States dollars.

In this annual report, references to rands, ZAR and R are to the lawful currency of the Republic of South Africa, references to US dollars, dollar or $ are to the lawful currency of the United States, references to€ and Euro are to the lawful currency of the European Union, references to C$ or CAD are to the lawful currency of Canada, references to ARS and Argentinean peso are to the lawful currency of Argentina, references to AUD and A$ are to the lawful currency of Australia, references to BRL are to the lawful currency of Brazil, references to NAD are to the lawful currency of Namibia, references to Tsh are to the lawful currency of the United Republic of Tanzania and references to GHC, cedi or Gh¢ are to the lawful currency of Ghana.

See “Item 3A.:3A: Selected financial data – Exchange rate information” for historical information regarding the US dollar/South African rand exchange rate. On 2322 March 2015,2017, the interbank US dollar/South African rand exchange rate as reported by OANDA CorporationReuters was R11.99/R12.57/$1.00.

Non-GAAP financial measures

In this annual report on Form20-F, AngloGold Ashanti presents the financial items “total cash costs”, “total cash costs per ounce”, “total production costs”, “total production costs per ounce”, “all-in“all-in sustaining costs”,“all-in sustaining costs per ounce”, “all-in“all-in costs” and “all-in“all-in costs per ounce”, which have been determined using industry guidelines and practices and are not IFRS measures. An investor should not consider these items in isolation or as alternatives to production costs,cost of sales, profit/(loss) applicable to equity shareholders, profit/(loss) before taxation, cash flows from operating activities or any other measure of financial performance presented in accordance with IFRS. The

While the Gold Institute provided definitions for the calculation of total cash costs and total production costs and during June 2013 the World Gold Council published a Guidance Note on “all-in“all-in sustaining costs” and “all-in“all-in costs” metrics. Themetrics, the calculation of total cash costs, total cash costs per ounce, total production costs, total production costs per ounce, all-in sustaining costs,all-in sustaining costs per ounce,all-in costs andall-in costs per ounce may vary significantly among gold mining companies, and by themselves do not necessarily provide a basis for comparison with other gold mining companies. See “Glossary“—Glossary of selected terms – terms–Financial terms – terms–Total cash costs”, “Total production costs”, “All-in“ —Glossary of selected terms–Financialterms–All-in sustaining costs” and “All-in“—Glossary of selected terms–Financialterms–All-in costs”. Nevertheless, AngloGold Ashanti believes that total cash costs,all-in sustaining costs andall-in costs in total and per ounce are useful indicators to investors and management as they provide:

A reconciliation of both cost of sales and total cash costs as included in the company’s audited financial statements to total cash costs,all-in sustaining costs andall-in costs for each of the three years ended 31 December 2014, 2015 and 2016 is presented herein. See “Item 5: Operating and Financial Review and Prospects—Totalall-in sustaining costs,all-in costs and total cash costs”.

Shares and shareholders

In this annual report on Form20-F, references to ordinary shares, ordinary shareholders, equity shareholders and shareholders/members, should be read as common stock, common stockholders and stockholders, respectively, and vice versa.

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CERTAIN FORWARD-LOOKING STATEMENTS

Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs,all-in sustaining costs,all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti’s operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti’s exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti’s liquidity and capital resources and capital expenditures and the outcome and consequence of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti’s operations, economic performance and financial condition.

These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti’s actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of among other factors, changes in economic, social and political and market conditions, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings and business and operational risk management and other factors as described in “Item 3D.:3D: Risk factors” and elsewhere in this annual report. These factors are not necessarily all of the important factors that could cause AngloGold Ashanti’s actual results to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on future results. Consequently, readers are cautioned not to place undue reliance on forward-looking statements.

AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this annual report or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.

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GLOSSARY OF SELECTED TERMS

The following explanations are not intended as technical definitions but should assist the reader in understanding terminology used in this annual report. Unless expressly stated otherwise, all explanations are applicable to both underground and surface mining operations.

Mining terms

All injury frequency rate:The total number of injuries and fatalities that occurs per million hours worked.

BIF:Banded Ironstone Formation. A chemically formed iron-rich sedimentary rock.

By-products:Any products that emanate from the core process of producing gold, including silver, uranium and sulphuric acid.

Carbon-in-leach (CIL):Gold is leached from a slurry of gold ore with cyanide in agitated tanks and adsorbed on to activated carbon granules at the same time (i.e. when cyanide is introduced in the leach tank, there is already activated carbon in the tank and there is no distinction between leach and adsorption stages). The carbon granules are separated from the slurry and treated in an elution circuit to remove the gold.

Carbon-in-pulp (CIP): Gold is leached conventionally from a slurry of gold ore with cyanide in agitated tanks. The leached slurry then passes into the CIP circuit where activated carbon granules are mixed with the slurry and gold is adsorbed on to the activated carbon. The gold-loaded carbon is separated from the slurry and treated in an elution circuit to remove the gold.

CLR:Carbon leader reef.

Comminution:Comminution is the crushing and grinding of ore to make gold available for treatment. (See also “Milling”).

Contained gold:The total gold content (tons multiplied by grade) of the material being described.

Depletion:The decrease in the quantity of ore in a deposit or property resulting from extraction or production.

Development:The process of accessing an orebody through shafts and/or tunneling in underground mining operations.

Diorite:An igneous rock formed by the solidification of molten material (magma).

Doré:Impure alloy of gold and silver produced at a mine to be refined to a higher purity.

Electro-winning:A process of recovering gold from solution by means of electrolytic chemical reaction into a form that can be smelted easily into gold bars.

Elution:Recovery of the gold from the activated carbon into solution before zinc precipitation or electro-winning.

Feasibility study:A comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of applicable Modifying Factors together with any other relevant operational factors and detailed financial analysis that are necessary to demonstrate at the time of reporting that extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by a proponent or financial institution to proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of aPre-Feasibility Study (JORC 2012).

Flotation:Concentration of gold and gold-hosting minerals into a small mass by various techniques (e.g. collectors, frothers, agitation,air-flow) that collectively enhance the buoyancy of the target minerals, relative to unwanted gangue, for recovery into an over-flowing froth phase.

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Gold Produced:Refined gold in a saleable form derived from the mining process.

Grade:The quantity of gold contained within a unit weight of gold-bearing material generally expressed in ounces per short ton of ore (oz/t), or grams per metric tonne (g/t).

Greenschist:A schistose metamorphic rock whose green colour is due to the presence of chlorite, epidote or actinolite.

Leaching:Dissolution of gold from crushed or milled material, including reclaimed slime, prior to adsorption on to activated carbon or direct zinc precipitation.

Life of mine (LOM):Number of years for which an operation is planning to mine and treat ore, and is taken from the current mine plan.

Metallurgical plant:A processing plant constructed to treat ore and extract gold.

Milling:A process of reducing broken ore to a size at which concentrating can be undertaken. (See also “Comminution”).

Mine call factor:The ratio, expressed as a percentage, of the total quantity of recovered and unrecovered mineral product after processing with the amount estimated in the ore based on sampling. The ratio of contained gold delivered to the metallurgical plant divided by the estimated contained gold of ore mined based on sampling.

Mineral deposit:A mineral deposit is a concentration (or occurrence) of material of possible economic interest in or on the earth’s crust.

Mineral Resource:A concentration or occurrence of solid material of economic interest in or on the earth’s crust is such form, grade (or quality), and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade (or quality), continuity and other geological characteristics of a mineral resourceMineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. Mineral resourcesResources aresub-divided in order of increasing geological confidence, into inferred, indicatedInferred, Indicated or measuredMeasured categories (JORC 2012).

Modifying factors:Factors:Modifying Factors’ are considerations used to convert Mineral Resources to Ore Reserves. These include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and governmental factors.

Ore Reserve:That part of a mineral deposit which could be economically and legally extracted or produced at the time of the Ore Reserve determination.

Ounce (oz) (troy):Used in imperial statistics. A kilogram is equal to 32.1507 ounces. A troy ounce is equal to 31.1035 grams.

Pay limit:The grade of a unit of ore at which the revenue from the recovered mineral content of the ore is equal to the sum of total cash costs, closure costs, Ore Reserve development andstay-in-business capital. This grade is expressed as anin-situ value in grams per tonne or ounces per short ton (before dilution and mineral losses).

Precipitate:The solid product formed when a change in solution chemical conditions results in conversion of somepre-dissolved ions into solid state.

Probable Ore Reserve:Ore Reserve for which quantity and grade are computed from information similar to that used for Proven Reserves, but the sites for inspection, sampling, and measurement are further apart or are otherwise less adequately spaced. The degree of assurance, although lower than that for Proven Reserves, is high enough to assume continuity between points of observation.

Productivity:An expression of labour productivity based on the ratio of ounces of gold produced per month to the total number of employees in mining operations.

Project capital:Capital expenditure to either bring a new operation into production; to materially increase production capacity; or to materially extend the productive life of an asset.

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Proven Ore Reserve:A ‘Proven Ore Reserve’ is the economically mineable part of a Measured Mineral Resource. A Proven Ore Reserve implies a high degree of confidence in the Modifying Factors.

Project capital: Capital expenditure to either bring a new operation into production; to materially increase production capacity; or to materially extend the productive life of an asset.

Recovered grade:The recovered mineral content per unit of ore treated.

Reef:A gold-bearing sedimentary horizon, normally a conglomerate band that may contain economic levels of gold.

Refining:The final purification process of a metal or mineral.

Rehabilitation:The process of reclaiming land disturbed by mining to allow an appropriate post-mining use. Rehabilitation standards are defined by country-specific laws, including but not limited to the South African Department of Mineral Resources, the US Bureau of Land Management, the US Forest Service, and the relevant Australian mining authorities, and address among other issues, ground and surface water, topsoil, final slope gradient, waste handling andre-vegetation issues.

Seismic event:A sudden inelastic deformation within a given volume of rock that radiates detectable seismic energy.

Shaft:A vertical or subvertical excavation used for accessing an underground mine; for transporting personnel, equipment and supplies; for hoisting ore and waste; for ventilation and utilities; and/or as an auxiliary exit.

Short ton:Used in imperial statistics. Equal to 2,000 pounds.

Skarn:Smelting A rock of complex mineralogical composition, formed by contact metamorphism and metasomatism of carbonate rocks.

Smelting::A pyro-metallurgical operation in which gold precipitate from electro-winning or zinc precipitation is further separated from impurities.

Stoping:The process of excavating ore underground.

Stripping ratio: The ratio of waste tonnes to ore tonnes mined calculated as total tonnes mined less ore tonnes mined divided by ore tonnes mined.

Tailings:Finely ground rock of low residual value from which valuable minerals have been extracted.

Tonnage:Quantity of material measured in tonnes or tons.

Tonne:Used in metric statistics. Equal to 1,000 kilograms.

Tonnage: Quantity of material measured in tonnes or tons.

Waste:Material that contains insufficient mineralisation for consideration for future treatment and, as such, is discarded.

Yield:The amount of valuable mineral or metal recovered from each unit mass of ore expressed as ounces per short ton or grams per metric tonne.

Zinc precipitation:Zinc precipitation is the chemical reaction using zinc dust that converts gold in solution to a solid form for smelting into unrefined gold bars.

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Financial terms

All-in costs:All-in Costs costs are All-in Sustainingall-in sustaining costs including additionalnon-sustaining costs which reflect the varying costs of producing gold over the life-cycle of a mine.Non-sustaining costs are those costs incurred at new operations and costs related to ‘major projects’ at existing operations where these projects will materially increase production.All-in costs per ounce is arrived at by dividing the dollar value of the sum of these cost metrics, by the ounces of gold sold.

All-in Sustaining sustaining costs:During June 2013 the World Gold Council (WGC), an industry body, published a Guidance Note on “all-in“all-in sustaining costs” metric, which gold mining companies can use to supplement their overallnon-GAAP disclosure. “All-in“All-in sustaining costs” is an extension of the existing “cash“total cash cost” metric and incorporates all costs related to sustaining production and in particular recognises the sustaining capital expenditure associated with developing and maintaining gold mines. In addition, this metric includes the cost associated with developing and maintaining gold mines. In addition, this metric includes the cost associated with corporate office structures that support these operations, the community and rehabilitation costs attendant with responsible mining and any exploration and evaluation costs associated with sustaining current operations.All-in sustaining costs per ounce is arrived at by dividing the dollar value of the sum of these cost metrics, by the ounces of gold sold.

Average number of employees:The monthly average number of production andnon-production employees and contractors employed during the year, where contractors are defined as individuals who have entered into a fixed-term contract of employment with a group company or subsidiary. Employee numbers of joint ventures represents the group’s attributable share.

Capital expenditure:Total capital expenditure on tangible assets.

Effective tax rate:Current and deferred taxation charge for the year as a percentage of profit before taxation.

OANDA Corporation: An internet-based provider of forex trading and currency information services.

Rated bonds:The $700 million 5.375 percent bonds due 2020, $300 million 6.5 percent bonds due 2040 and the $750 million 5.125 percent bonds due 2022.

Region:Defines the operational management divisions within AngloGold Ashanti Limited, namely South Africa, Continental Africa (DRC, Ghana, Guinea, Mali and Tanzania), Australasia, and the Americas (Argentina Brazil and United States of America)Brazil).

Related party:Parties are considered related if one party has the ability to control the other party or exercise significant influence over the other party in making financial and operating decisions.

Significant influence:The ability, directly or indirectly, to participate in, but not exercise control over, the financial and operating policy decision of an entity so as to obtain economic benefit from its activities.

STRATE:Stay in business capital:Capital expenditure to extend useful lives of existing production assets. This includes replacement of vehicles, plant and machinery, Ore Reserve development, deferred stripping and capital expenditure related to financial benefit initiatives, safety, health and the environment.

Strate:The licensed Central Securities Depository (CSD) for the electronic settlement of financial instruments in South Africa.

Total cash costs:Total cash costs include site costs for all mining, processing and administration, reduced by contributions fromby-products and are inclusive of royalties and production taxes. Depreciation, depletion and amortization,amortisation, rehabilitation, corporate administration, employee severance costs, capital and exploration costs are excluded. Total cash costs per ounce are the attributable total cash costs divided by the attributable ounces of gold produced.

Total production costs:Total cash costs plus depreciation, depletion and amortization,amortisation, employee severance costs, rehabilitation and othernon-cash costs. Corporate administration and exploration costs are excluded. Total production costs per ounce are the attributable total production costs divided by the attributable ounces of gold produced.

Weighted average number of ordinary shares:The number of ordinary shares in issue at the beginning of the year, increased by shares issued during the year, weighted on a time basis for the period during which they have participated in the income of the group, and increased by share options that are virtually certain to be exercised.

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Currencies

9

Abbreviations

Note:Rounding of figures in this report may result in computational discrepancies.

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PART I

ITEM 1: IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISORS

Not applicable.

ITEM 2: OFFER STATISTICS AND EXPECTED TIMETABLE

Not applicable.

ITEM 3: KEY INFORMATION

The selected financial information set forth below for the years ended and as at 31 December 2014, 20132016, 2015 and 20122014 has been derived from, and should be read in conjunction with, the IFRS financial statements included under Item 18 of this annual report. The selected financial information for the years ended and as at 31 December 20102013 and 20112012 has been derived from the IFRS financial statements not included in this annual report.

The financial statements have been prepared under IFRS.

		Year ended 31 December
		2016				2015				2014				2013				2012
		$				$				$				$				$
		(in millions, except share and per share amounts)
Consolidated income statement
Revenue			4,254				4,174				5,110				5,383				6,222
Gold income			4,085				4,015				4,952				5,172				5,943
Cost of sales			(3,263	)			(3,294	)			(3,972	)			(3,947	)			(3,765	)
Gain (loss) onnon-hedge derivatives and other commodity contracts			19				(7	)			13				94				(36	)
Gross profit			841				714				993				1,319				2,142
Corporate administration, marketing, other expenses and other income			(61	)			(78	)			(92	)			(201	)			(288	)
Exploration and evaluation costs			(133	)			(132	)			(142	)			(250	)			(390	)
Other operating expenses			(110	)			(96	)			(28	)			(19	)			(47	)
Special items			(42	)			(71	)			(260	)			(2,951	)			(402	)
Operating profit (loss)			495				337				471				(2,102	)			1,015
Dividends received			-				-				-				5				7
Interest received			22				28				24				39				43
Exchange (loss) gain			(88	)			(17	)			(7	)			14				8
Finance costs and unwinding of obligations			(180	)			(245	)			(276	)			(293	)			(228	)
Fair value adjustment on issued bonds			9				66				(17	)			307				245
Share of associates and joint ventures’ profit (loss)			11				88				(25	)			(162	)			(30	)
Profit (loss) before taxation			269				257				170				(2,192	)			1,060
Taxation			(189	)			(211	)			(225	)			237				(285	)
Profit (loss) after taxation from continuing operations			80				46				(55	)			(1,955	)			775
Discontinued operations
(Loss) profit from discontinued operations			-				(116	)			16				(245	)			140
Profit (loss) for the year			80				(70	)			(39	)			(2,200	)			915
Allocated as follows
Equity shareholders
- Continuing operations			63				31				(74	)			(1,985	)			757
- Discontinued operations			-				(116	)			16				(245	)			140
Non-controlling interests
- Continuing operations			17				15				19				30				18
			80				(70	)			(39	)			(2,200	)			915
Basic earnings (loss) per ordinary share (cents)			15				(20	)			(14	)			(568	)			232
Earnings (loss) per ordinary share from continuing operations			15				8				(18	)			(506	)			196
(Loss) earnings per ordinary share from discontinued operations			-				(28	)			4				(62	)			36
Diluted earnings (loss) per ordinary share (cents)			15				(20	)			(14	)			(631	)			177
Earnings (loss) per ordinary share from continuing operations			15				8				(18	)			(571	)			144
(Loss) earnings per ordinary share from discontinued operations			-				(28	)			4				(62	)			33
Dividend per ordinary share (cents)			-				-				-				10				56

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		As at 31 December
		2016				2015				2014				2013				2012
		$				$				$				$				$
		(in millions, except share and per share amounts)
Consolidated balance sheet data
ASSETS
Non-current assets
Tangible assets			4,111				4,058				4,863				4,815				7,776
Intangible assets			145				161				225				267				315
Investments in associates and joint ventures			1,448				1,465				1,427				1,327				1,047
Other investments			125				91				126				131				167
Inventories			84				90				636				586				610
Trade, other receivables and other assets			34				13				20				29				79
Deferred taxation			4				1				127				177				97
Cash restricted for use			36				37				36				31				29
Othernon-current assets			-				18				25				41				7
			5,987				5,934				7,485				7,404				10,127
Current assets
Other investments			5				1				-				1				-
Inventories			672				646				888				1,053				1,213
Trade, other receivables and other assets			255				196				278				369				472
Cash restricted for use			19				23				15				46				35
Cash and cash equivalents			215				484				468				648				892
			1,166				1,350				1,649				2,117				2,612
Non-current assets held for sale			-				-				-				153				-
			1,166				1,350				1,649				2,270				2,612
Total assets			7,153				7,284				9,134				9,674				12,739
EQUITY AND LIABILITIES
Share capital and premium			7,108				7,066				7,041				7,006				6,742
Accumulated losses and other reserves			(4,393	)			(4,636	)			(4,196	)			(3,927	)			(1,269	)
Shareholders’ equity			2,715				2,430				2,845				3,079				5,473
Non-controlling interests			39				37				26				28				21
Total equity			2,754				2,467				2,871				3,107				5,494
Non-current liabilities
Borrowings			2,144				2,637				3,498				3,633				2,724
Environmental rehabilitation and other provisions			877				847				1,052				963				1,238
Provision for pension and post-retirement benefits			118				107				147				152				221
Trade, other payables and deferred income			4				5				15				4				10
Derivatives			-				-				-				-				10
Deferred taxation			496				514				567				579				1,084
			3,639				4,110				5,279				5,331				5,287
Current liabilities
Borrowings			34				100				223				258				859
Trade, other payables and deferred income			615				516				695				820				979
Bank overdraft			-				-				-				20				-
Taxation			111				91				66				81				120
			760				707				984				1,179				1,958
Non-current liabilities held for sale			-				-				-				57				-
			760				707				984				1,236				1,958
Total liabilities			4,399				4,817				6,263				6,567				7,245
Total equity and liabilities			7,153				7,284				9,134				9,674				12,739
Number of ordinary shares as adjusted to reflect changes in share capital			408,223,760				405,265,315				404,010,360				402,628,406				383,320,962
Share capital (exclusive of long-term debt and redeemable preference shares)			16				16				16				16				16
Net assets			2,754				2,467				2,871				3,107				5,494

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Annual dividends

The table below sets forth the amounts of interim, final and total dividends declared in respect of the past five years in cents per ordinary share.