Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 396

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 396
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 arising from future contributions, gave rise to a charge within equity

as the transaction was between Rio Tinto and the Malagasy Government acting in their capacity as shareholders and there were no changes to the net assets of QMM. As at 31 December

2024 , the value of QMM’s non-controlling interest is US$ 4million ( 2023 : US$ 16million ).

(h) On 1 November 2024, our interest in NZAS ceased to be a joint operation and became a wholly owned subsidiary following the acquisition of Sumitomo Chemical Company’s 20.64%

interest in the entity.

| Annual Report on Form 20-F 2024 | 219 | riotinto.com |

Financial statements | Notes to the consolidated fin ancial statements

30 Principal subsidiaries continued

Summary financial information for subsidiaries that have non-controlling interests that are material to the Group

This summarised financial information is shown on a 100% basis. It represents the amounts shown in the subsidiaries’ financial statements prepared in

accordance with IFRS in line with the Group’s accounting policies, including fair value adjustments, and before intercompany eliminations.

| Income statement summaryfor the year ended 31 December | Iron OreCompanyof Canada2024US$m | Iron OreCompanyof Canada2023US$m | SimferJersey2024US$m | SimferJersey2023US$m | Oyu TolgoiLLC(a)2024US$m | Oyu TolgoiLLC(a)2023US$m | Robe RiverMining CoPty2024US$m | Robe RiverMining CoPty2023US$m |
|:-------------------------------------------------------|---------------------------------:|---------------------------------:|---------------------:|---------------------:|-------------------------:|-------------------------:|-------------------------------:|-------------------------------:|
| Revenue                                                |                            2,255 |                            2,314 |                    – |                    – |                    2,184 |                    1,625 |                          1,746 |                          1,753 |
| Profit/(loss) after tax                                |                              321 |                              445 |                  -25 |                 -199 |                   -1,077 |                   -1,024 |                            782 |                            848 |
| –attributable to non-controlling interests             |                              133 |                              184 |                  -18 |                 -114 |                     -436 |                     -352 |                            313 |                            339 |