Strong Foundation for Growth, Decarbonisation and Shareholder Returns
Group Balance Sheet
Rio Tinto Group
Oyu Tolgoi and Turquoise Hill(1)
Proforma Rio Tinto Group
(excluding OT and TRQ)
Dec-21 YTD
US$m
Dec-20 YTD
Dec-21 YTD
US$m
US$m
Dec-20 YTD
US$m
Dec-21 YTD
Dec-20 YTD
US$m
US$m
Non-current assets
Current assets
Total assets
78,464
76,535
12,250
10,930
66,214
65,605
24,432
20,855
1,129
1,496
23,303
19,359
102,896
97,390
13,379
12,426
89,517
84,964
Current liabilities
(12,627)
(11,607)
(954)
(540)
(11,673)
(11,067)
Non-current liabilities (2)
(33,679)
(33,880)
(4,085)
(4,404)
(29,594)
(29,476)
Total liabilities
(46,306)
(45,487)
(5,039)
(4,944)
(41,267)
(40,543)
Net assets
56,590
51,903
8,340
7,482
48,250
44,421
Equity attributable to non-controlling interests
5,158
4,849
2,846
2,424
2,312
2,425
Equity attributable to owners of Rio Tinto
51,432
47,054
5,494
5,058
45,938
41,996
Total equity
56,590
51,903
8,340
7,482
48,250
44,421
Alternative performance measures (as per Financial Information by Business Unit)
Operating assets
49,856
47,718
8,998
8,111
40,858
39,607
Net cash/(debt)
Equity attributable to owners of Rio Tinto
1,576
51,432
(664)
47,054
(3,504)
5,494
(3,053)
5,058
5,080
2,389
45,938
41,996
Oyu Tolgoi (OT) and Turquoise Hill Resources (TRQ) are fully consolidated in the Rio Tinto accounts - Rio Tinto's economic ownership is 33.5%. These tables are provided to be able to see the OT/TRQ accounts on a stand alone basis.
1 Represents the amounts shown in the subsidiaries' financial statements prepared in accordance with IFRS under Rio Tinto Group accounting policies, including fair value adjustments, and before intercompany eliminations.
2 Rio Tinto plc has provided a guarantee, known as the completion support undertaking (CSU), in favour of the Oyu Tolgoi LLC project finance lenders. At 30 June 2021 and 31 Dec 2021, US$4.3bn of project finance debt was outstanding under
this facility.
Rio Tinto
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