Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 406

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 406
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 UK Companies Act 1985 ) when shares of a company are

redeemed or purchased wholly out of the company’s profits. Balances reflect the amount by which the company’s issued share capital is diminished in accordance with this section.

(b) Other reserves includes US$ 11,936million which represents the difference between the nominal value and issue price of the shares issued arising from Rio Tinto plc’s rights issue completed

in July 2009. No share premium was recorded in the Rio Tinto plc financial statements through the operation of the merger relief provisions of the UK Companies Act 1985 .

Other reserves also include the cumulative amount recognised under IFRS 2 in respect of awards granted but not exercised to acquire shares in Rio Tinto Limited, less, where applicable,

the cost of shares purchased to satisfy share awards exercised. The cumulative amount recognised under IFRS 2 in respect of awards granted but not exercised to acquire shares in Rio

Tinto plc is recorded in retained earnings.

(c) Exchange differences arising on the translation of the Group’s net investment in foreign controlled companies are taken to the foreign currency translation reserve. The cumulative

differences relating to an investment are transferred to the income statement when the investment is disposed of.

(d) In 2024, currency translation reclassified on disposal primarily relates to the acquisition of the remaining 20.64% interest in NZAS. The transaction has been accounted for as a business

combination achieved in stages, with our previous 79.36% interest in the NZAS joint operation deemed to have been disposed of and, accordingly, the currency translation has been

reclassified to the income statement. In 2022, the sale of our Roughrider undeveloped project led to the recycling of currency translation reserve losses of US$ 105million relating to the

entity that owns the project. Refer to note 5 for details.

(e) Retained earnings and movements in reserves of subsidiaries include those arising from the Group’s share of joint operations.

(f) In 2024 , t here were US$ 6million of remeasurement losses relating to equity accounted units ( 2023 : gains of US$ 3million , 2022 : gains of US$ 5million ).

(g) In 2024, this relates to the additional interest acquired in ERA (refer to note 30 for further details) as well as the settlement of deferred consideration payable to Turquoise Hill Resources Ltd

dissenting shareholders (refer to note 5 for further details).