Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 355

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 355
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ivables to high-risk customers are often secured by letters of credit or other forms of credit enhancement.

The expected credit loss on our trade receivable portfolio is insignificant.

18 Trade and other payables

Recognition and measurement

Trade payables are measured at amortised cost, with the exception of provisionally priced contracts which are held at fair value as per IFRS 9.

|                                        |            2024 |             |           |            2023 |             |           |
|                                        | Non-currentUS$m | CurrentUS$m | TotalUS$m | Non-currentUS$m | CurrentUS$m | TotalUS$m |
| Trade payables                         |               – |       3,196 |     3,196 |               – |       3,265 |     3,265 |
| Other financial payables               |             188 |       1,192 |     1,380 |             238 |         913 |     1,151 |
| Other payables                         |              42 |         143 |       185 |              56 |         208 |       264 |
| Deferred income(a)                     |             118 |         338 |       456 |             103 |         280 |       383 |
| Accruals                               |               – |       1,751 |     1,751 |               – |       1,702 |     1,702 |
| Employee entitlements                  |               – |         920 |       920 |               – |         992 |       992 |
| Royalties and mining taxes             |               2 |         622 |       624 |               3 |         868 |       871 |
| Amounts owed to equity accounted units |             193 |          16 |       209 |             196 |          10 |       206 |
| Total                                  |             543 |       8,178 |     8,721 |             596 |       8,238 |     8,834 |

(a) Deferred income includes contract liabilities of US$ 358million ( 2023 : US$ 275million ) .

The fair value of trade payables and financial instruments within other financial payables approximates their carrying value.

Supplier finance arrangements The Group participates in supplier finance arrangements with designated banks whereby suppliers may elect to receive early payment of their invoice from a third-party bank by factoring their receivable from Rio Tinto.