Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 375

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 375
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 Currency exposure | Closing exchangerateUS cents | Effect on netearningsUS$m | Impact directly onequityUS$m | Closing exchangerateUS cents | Effect on netearningsUS$m | Impact directly onequityUS$m |
| Australian dollar |                           62 |                       391 |                         -977 |                           69 |                       228 |                       -1,036 |
| Canadian dollar   |                           70 |                      -362 |                            – |                           76 |                      -361 |                            – |

We calculate sensitivities in relation to the functional currencies of our individual entities. We translate the impact of these on net earnings into

USD at the exchange rates on which the sensitivities are based. The impact to net earnings associated with a 10% weakening of a particular

currency, shown above, is broadly offset within equity through movements in the currency translation reserve and therefore generally has no

impact on our net assets. The offsetting currency translation movement is not shown in the table above. The impact is expressed in terms of the

effect on net earnings and equity, assuming that each exchange rate moves in isolation. The sensitivities are based on financial assets and

financial liabilities held at 31 December , where balances are not denominated in the functional currency of the subsidiary or joint operation, and

exclude financial assets and liabilities held by equity accounted units. These balances will not remain constant throughout 2025 and, therefore,

this illustrative information should be used with caution.

Valuation hierarchy of financial instruments carried at fair value on a recurring basis

The table below shows the classifications of our financial instruments by valuation method in accordance with IFRS 13 “Fair Value

Measurement” at 31 December.

All instruments shown as being held at fair value have been classified as fair value through the profit and loss unless specifically footnoted.

|                                                                                |      |               2024 |                |                |                          |                |               2023 |       |      |                          |           |
|                                                                                |      | Held at fair value |                |                | Held atamortisedcostUS$m |      TotalUS$m | Held at fair value |       |      | Held atamortisedcostUS$m | TotalUS$m |
|                                                                                | Note |     Level 1(a)US$m | Level 2(b)US$m | Level 3(c)US$m |           Level 1(a)US$m | Level 2(b)US$m |     Level 3(c)US$m |