Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 332

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 332
---
      -45 |      -29 |
| Company no longer consolidated     |      -25 |        – |
| At 31 December                     |      727 |      797 |
| –cost                              |   14,959 |   16,237 |
| –accumulated impairment            |  -14,232 |  -15,440 |
| At 1 January                       |          |          |
| –cost                              |   16,237 |   15,974 |
| –accumulated impairment            |  -15,440 |  -15,148 |

At 31 December, goodwill has been allocated as follows.

|                       | 2024US$m | 2023US$m |
| Net book value        |          |          |
| Richards Bay Minerals |      364 |      370 |
| Pilbara               |      310 |      342 |
| Dampier Salt          |       53 |       85 |
| Total                 |      727 |      797 |

| Annual Report on Form 20-F 2024 | 183 | riotinto.com |

Financial statements | Notes to the consolidated financial statements

11 Goodwill continued

Impairment tests for goodwill

Richards Bay Minerals

Richards Bay Minerals’ annual impairment review resulted in no impairment charge for 2024 ( 2023 : no impairment charge). The recoverable

amount has been assessed by reference to the CGU’s FVLCD, in line with the policy set out in note 4 and classified as level 3 under the fair

value hierarchy. FVLCD was determined by estimating cash flows until the end of the life-of-mine plan including anticipated expansions. In

arriving at FVLCD, a post-tax discount rate of 8.6% ( 2023 : 8.6% ) has been applied to the post-tax cash flows expressed in real terms.

The key assumptions to which the calculation of FVLCD for Richards Bay Minerals is most sensitive and the corresponding change in FVLCD

are set out below:

|                                                                | 2024US$m | 2023US$m |
| 5%increase in the titanium slag price                          |      144 |      217 |
| 1%increase in the discount rate applied to post-tax cash flows |     -135 |     -175 |
| 10%strengthening of the South African rand                     |      232 |      272 |

Future selling prices and operating costs