Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 35

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 35
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 2023US$m |
|:------------------------------------------------------------------------------------------|---------:|---------:|
| Purchase of property, plant and equipment and intangible assets                           |    9,621 |    7,086 |
| Funding provided by the group to EAUs(a)                                                  |      965 |        — |
| Less: Equity or shareholder loan financing received/due from non-controlling interests(b) |   -1,063 |     -125 |
| Rio Tinto share of capital investment                                                     |    9,523 |    6,961 |

(a) In 2024 , funding provided by the group to EAUs relates to funding of WCS rail and port entities (WCS) in relation to the Simandou project, consisting of a direct equity investment in WCS of US$431 million and loans provided totalling US$534 million (b) In 2024 , we received US$1,505 million from Chalco Iron Ore Holdings Ltd (CIOH), of which US$1,063 million relates to CIOH's 47% share of capital expenditure incurred on the Simandou project and associated funding provided by the Group to EAUs during the year, accounted for on an accrual basis. – Our share of capital investment in 2024 was $9.5 billion , comprised of capital expenditure of $9.6 billion and funding provided by the group to equity accounted units for its share of investment of $1.0 billion , net of equity/shareholder loan financing received/due from non-controlling interests of $1.1 billion . 1. This financial performance indicator is a non-IFRS (as defined below) measure which is reconciled to directly comparable IFRS financial measures (non-IFRS measures). It is used internally by management to assess the performance of the business and is therefore considered relevant to readers of this document. It is presented here to give more clarity around the underlying business performance of the Group’s operations. For more information on our use of non-IFRS financial measures in this report, see the section entitled “Alternative performance measures” (APMs) and the detailed reconciliations on pages 269 to 273 . Our financial results are prepared in accordance with IFRS — see page 154 for further information.

| Annual Report on Form 20-F 2024 | 21 | riotinto.com |

Strategic report | Financial review

Retaining a strong balance sheet Net debt 1 of $5.5 billion at