Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 298

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 298
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 |   20,251 |   23,158 |

(b) In 2024 , our net cash outflow in relation to the Simandou iron ore project was US$ 1.3billion . This includes cash outflows of US$ 1,831million for purchase of property, plant and equipment, US$ 313million as acquisition of associates for WCS Rail and Port, and US$ 652million as net funding of equity accounted units for the subsequent funding of that shared infrastructure. We received related cash inflows of US$ 1,505million from Chalco Iron Ore Holdings Ltd (CIOH) for cash calls by SimFerJersey Limited, of which US$ 411million relates to CIOH’s share of expenditure incurred up until the end of December 2023 to progress critical works. (c) In 2024 , we received net proceeds of US$ 675million ( 2023 : US$ 1,157million and 2022 : US$ 352million ) from our sales and purchases of investments within a separately managed portfolio of fixed income instruments . Refer to note 19 for details . Purchases and sales of these securities are reported on a net cash flow basis within “Sales of financial assets” or “Purchases of financial assets” depending on the overall net position at each reporting date. (d) In 2024 , O ther items includes the recognition of realised losses of US$ 88million on currency forwards not designated as hedges ( 2023 : realised losses US$ 57million , 2022 : realised losses US$ 459million ). In 2022, other items also included the deduction of the US$ 432million relating to the gain recognised on sale of the Cortez royalty shown in “Sale of financial assets” . The notes on pages 154 to 161 and pages 167 to 229 are an integral part of these consolidated financial statements.

| Annual Report on Form 20-F 2024 | 165 | riotinto.com |

Financial statements | Consolidated primary statements Consolidated balance sheet At 31 December

|                                                                    | Note | 2024US$m | 2023US$m |
| Non-current assets                                                 |      |          |          |
| Goodwill                                                           |   11 |      727 |      797 |
| Intangible assets                                                  |   12 |    2,804 |    4,389 |
| Property, plant and equipment                                      |