Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 367

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 367
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| Total other financial assets          |           1,090 |         419 |     1,509 |             481 |       1,118 |     1,599 |

(a) Current “Other investments, including loans” includes US$ 212million ( 2023 : US$ 877million ) of highly liquid financial assets held in a separately managed portfolio of fixed income

instruments classified as held for trading and included within our net debt definition.

(b) This relates to loans of US$ 534million due from WCS Rail and Port entities, net of expected credit loss.

Credit risk related to other financial assets

Our Treasury team manages credit risk in relation to applicable other financial assets in accordance with our counterparty credit framework

(which is reviewed biannually) to minimise our counterparty risk and mitigate financial loss through counterparty failure. Derivatives and

investments with any given counterparty are required to be within the credit limit (based on a quantitative credit risk model) for that counterparty

as approved by the Group’s Financial Risk Management Committee. Our investments are dictated by the Group’s investment policy which sets

out a number of criteria for eligible investments, including credit quality, duration, maturity and concentration limits.

Other financial liabilities

|                                     |            2024 |             |           |            2023 |             |           |
|                                     | Non-currentUS$m | CurrentUS$m | TotalUS$m | Non-currentUS$m | CurrentUS$m | TotalUS$m |
| Derivatives not related to net debt |             252 |          84 |       336 |             198 |          68 |       266 |
| Derivatives related to net debt     |             339 |          28 |       367 |             315 |         201 |       516 |
| Other financial liabilities         |               – |           – |         – |               – |           4 |         4 |
| Total other financial liabilities   |             591 |         112 |       703 |             513 |         273 |       786 |

| Annual Report on Form 20-F 2024 | 202 | riotinto.com |

Financial statements | Notes to the consolidated financial statements

23 Other financial assets and liabilities continued Offsetting and enforceable master netting agreements When we have a legally enforceable right to set-off our financial assets and liabilities and an intention to settle on a net basis, or realise the asset and settle the liability