Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 297

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 297
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 Coal royalty receivables (note 24) | 207 |
|                                                                                                                         |              Decarbonisation capital commitments (note 37) | 227 |

| Annual Report on Form 20-F 2024 | 161 | riotinto.com |

Financial statements i. New standards issued and effective in the current year Our financial statements have been prepared on the basis of accounting policies consistent with those applied in the financial statements for the year ended 31 December 2023 , except for the accounting requirements set out below, effective as at 1 January 2024 . Classification of liabilities as current or non-current liabilities with covenants (Amendments to IAS 1 “Presentation of Financial Statements”) We adopted the Amendments to IAS 1 which specify the requirements for classifying liabilities as either current or non-current. The amendments clarify that a right to defer the settlement must exist at the end of the reporting period and that classification is unaffected by the likelihood that an entity will exercise its deferral right. In addition, a requirement has been introduced whereby an entity must disclose when a liability arising from a loan agreement is classified as non-current and the entity’s right to defer settlement is contingent on compliance with future covenants within 12 months. The amendments do not have a material impact on the Group. Refer to note 20 for additional disclosures made in relation to Amendments to IAS 1. Lease liability in a sale and leaseback (Amendments to IFRS 16 “Leases”) We adopted the Amendments to IFRS 16 which specify the requirements that a seller-lessee uses in measuring the lease liability arising in a sale and leaseback transaction. The amendments do not have an impact on the Group. Supplier finance arrangements (Amendments to IAS 7 “Statement of Cash Flows” and IFRS 7 “Financial Instruments: Disclosures”) We adopted the Amendments to IAS 7 and IFRS 7 which clarify the characteristics of supplier finance arrangements and require additional disclosure of such arrangements. The amendments respond to the investors’ need for more information about supplier finance arrangements to be able to assess how these arrangements affect an entity’s liabilities, cash flows and liquidity risk. As a result of the adoption of the amendments, we provided new disclosures for liabilities under supplier finance arrangements as well as the associated cash flows in note 18 and note 24 (i). These amendments did not have a material impact on the amounts recognised in prior and the current period. The Organisation for Economic Co-operation