Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 377

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 377
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 no impact on our hedging arrangements after taking into account the

IFRS 9 IBOR reform reliefs.

(j) Trade and other financial payables comprise trade payables, other financial payables, accruals and amounts due to equity accounted units within note 18.

There were no material transfers between level 1 and level 2, or between level 2 and level 3 in the current or prior year. Valuation techniques and inputs The techniques used to value our more significant fair value assets/(liabilities) categorised under level 2 and level 3 are summarised below:

|                                              |           2024 |           2023 |                                |                                                                                         |
| Description                                  | Fair valueUS$m | Fair valueUS$m | Valuation technique            | Significant inputs                                                                      |
| Level 2                                      |                |                |                                |                                                                                         |
| Interest rate swaps                          |           -156 |           -163 | Discounted cash flows          | –Applicable market quoted swap yield curves–Credit default spread                       |
| Cross-currency interest rate swaps           |           -187 |           -266 | Discounted cash flows          | –Applicable market quoted swap yield curves–Credit default spread–Market quoted FX rate |
| Provisionally priced receivables             |          1,374 |          1,362 | Closely related listed product | –Applicable forward quoted metal price                                                  |
| Level 3                                      |                |                |                                |                                                                                         |
| Renewable power purchaseagreements           |           -111 |              – | Discounted cash flows          | –Forward electricity price–Energy volume                                                |
| Derivatives embedded in electricitycontracts |           -132 |           -186 | Option pricing model           | –LME forward aluminium price–Midwest premium and billet premium                         |
| Royalty receivables                          |            252 |            214 | Discounted cash flows          | –Forward commodity price–Mine production                                                |

Sensitivity analysis in respect of level 3 financial instruments For assets/(liabilities) classified under level 3, the effect of changing the significant unobservable inputs on carrying value has been calculated using a movement that we deem to be reasonably probable. Net derivative liabilities related to our renewable power purchase agreements have a fair value of US$ 111million at 31 December 2024 ( 2023 : nil ). The fair value is calculated as the present value of the future contracted cash flows using risk-adjusted forecast prices including credit adjustments. A