Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 325

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 325
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,781 |    3,146 |
| Decrease in finished goods and work in progress(a)                   |      |    2,407 |    1,152 |      803 |
| Royalties                                                            |      |    2,938 |    3,135 |    2,994 |
| Amounts charged by equity accounted units(b)                         |      |      875 |    1,163 |    1,429 |
| Net foreign exchangegains                                            |      |     -193 |      -47 |      -42 |
| Gain on sale of the Cortez royalty(c)                                |      |        – |        – |     -432 |
| Gains recognised by Kitimat relating to LNG Canada’s project(d)      |      |        – |        – |     -116 |
| Provisions (including exchange differences on provisions)            |      |      398 |    1,491 |    1,006 |
| Research and development                                             |      |      398 |      245 |       76 |
| Other external costs(e)                                              |      |    5,037 |    5,295 |    4,161 |
| Costs included above capitalised or shown on a separate line item(f) |      |   -1,203 |   -1,331 |     -722 |
| Other operating income(g)                                            |      |     -942 |     -821 |   -1,022 |
| Net operating costs (excluding items disclosed separately)(h)        |      |   37,745 |   37,052 |   34,770 |

(a) Includes purchases of third-party material to satisfy sales contracts.

(b) Amounts charged by equity accounted units relate to toll processing fees and also include purchases from equity accounted units of bauxite, aluminium and copper concentrate which are

then processed by the product group or sold to third parties.

(c) On 2 August 2022, we completed the sale for US$ 525million of a gold royalty which was retained following the disposal of the Cortez mine in 2008.

(d) During the first half of 2022, LNG Canada elected to terminate their option to purchase additional land and facilities for expansion of their operations at Kitimat, Canada.

(e) In 2024 , other external costs include US$ 217million ( 2023 : US$ 269million , 2022 : US$ 465