Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 366

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 366
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 this balance, US$ 194million ( 2023 : US$ 156million ) could be used to repay subsidiaries’ third-party borrowings. There are also restrictions on a further US$ 1,150million ( 2023 : US$ 553million ) of cash and cash equivalents, the majority of which is held by partially owned subsidiaries and is not available for use in the wider Group due to legal and contractual restrictions currently in place. Of this balance US$ 157million ( 2023 : US$ 129million ) could be used to repay these subsidiaries’ third-party borrowings. Credit risk related to cash and cash equivalents Our Treasury team manages credit risk from our investing activities in accordance with a credit risk framework which sets the risk appetite. We make investments of surplus funds only with approved investment grade (BBB+ and above) counterparties who have been assigned specific credit limits. The limits are set to minimise the concentration of credit risk and therefore mitigate the potential for financial loss through counterparty failure. 23 Other financial assets and liabilities

Recognition and measurement

Derivatives are measured at fair value through profit or loss unless they are designated as hedging instruments. For details about our hedging

strategy and risks, refer to note 24. The Group has made an irrevocable choice to measure investments in equity shares at fair value through

other comprehensive income (FVOCI) except for those held for trading purposes.

Other financial assets

|                                       |            2024 |             |           |            2023 |             |           |
|                                       | Non-currentUS$m | CurrentUS$m | TotalUS$m | Non-currentUS$m | CurrentUS$m | TotalUS$m |
| Derivatives not related to net debt   |              39 |          49 |        88 |              14 |          40 |        54 |
| Derivatives related to net debt       |              24 |           – |        24 |              87 |           – |        87 |
| Equity shares and quoted funds        |             255 |          24 |       279 |             163 |          18 |       181 |
| Other investments, including loans(a) |             263 |         346 |       609 |             217 |       1,060 |     1,277 |
| Loans to equity accounted units(b)    |             509 |           – |       509 |               – |           – |