Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 323

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 323
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 passes, including a right, where applicable, to payment for provisionally priced products and unperformed freight and insurance services. Cash received before control passes is recognised as a contract liability. The amount of consideration does not contain a significant financing component as payment terms are less than one year. We have a number of long-term contracts to supply products to customers in future periods. Generally, revenue is recognised on an invoice basis, as each unit sold is a separate performance obligation and therefore the right to consideration from a customer corresponds directly with our performance completed to date. We do not disclose sales revenue from freight and insurance services separately as we do not consider that this is necessary in order to understand the impact of economic factors on the Group. Our Chief Executive, the CODM as defined under IFRS 8 “Operating Segments”, does not review information specifically relating to these sources of revenue in order to evaluate the performance of business segments and Group information on these sources of revenue is not provided externally.

| Annual Report on Form 20-F 2024 | 178 | riotinto.com |

Financial statements | Notes to the consolidated financial statements

6 Revenue by destination and product continued Consolidated sales revenue by destination (a)

|                                          | 2024% | 2023% | 2022% | 2024US$m | 2023US$m | 2022US$m |
| Greater China                            |  57.4 |  59.6 |  54.3 |   30,814 |   32,193 |   30,172 |
| US                                       |  16.8 |  13.9 |  15.9 |    9,007 |    7,516 |    8,823 |
| Asia (excluding Greater China and Japan) |   6.9 |   7.2 |   7.1 |    3,718 |    3,881 |    3,937 |
| Japan                                    |   6.5 |   6.9 |   7.4 |    3,470 |    3,727 |    4,091 |
| Europe (excluding UK)                    |   4.8 |   5.3 |   6.5 |    2,580 |    2,859 |    3,618 |
| Canada                                   |   2.9 |   2.9 |   3.1 |