Access the 2020 consolidated financial statements in the annual report for Barrick Gold Corporation by going to the investor relations section of the company’s website. Answer the questions below. For each question, indicate where in the financial statements you found the answer and/or provide a brief explanation. 

Required 

(a) Does the company report any interests in companies it controls through means other than majority share ownership? 

(b) What method of reporting did the company use to account for its investments in joint ventures? 

(c) What percentage of the company’s assets is through investments accounted for using the equity method? (d) What percentage of the company’s income before income tax is derived from income from equity investees? 

(e) What method of reporting did the company use to account for its investments in joint operations? (f) What significant judgments were made by the Company when testing goodwill for impairment? 

(g) If the Company had used the same method for joint operations as it used for joint ventures, what would have been the impact on its debt-to-equity ratio? Briefly explain. 

(h) How would a bank change its assessment of the risk and solvency of the company based on the change in the debtto-equity ratio? 

(i) How much deferred income tax expense was reported on the income statement and how does this compare to current tax expense? 

(j) What were the statutory and effective tax rates on income before taxes? Identify the two biggest factors that caused these two rates to be different. 

(k) How much deferred income tax was reported on the balance sheet and how does this compare to current income tax?