Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 365

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 365
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1,743 |    1,686 |
| Effect of discounting                                |     -330 |     -335 |
| Present value of minimum lease payments              |    1,413 |    1,351 |
| Comprising:                                          |          |          |
| Current lease liabilities per the balance sheet      |      354 |      345 |
| Non-current lease liabilities per the balance sheet  |    1,059 |    1,006 |
| Total lease liabilities                              |    1,413 |    1,351 |

At 31 December 2024 , commitments for leases not yet commenced were US$ 405million ( 2023 : US$ 308million ) and commitments relating to

short-term leases which had already commenced were US$ 182million ( 2023 : US$ 164million ). These commitments are not included in the

maturity profile table above.

| Annual Report on Form 20-F 2024 | 201 | riotinto.com |

Financial statements | Notes to the consolidated financial statements

22 Cash and cash equivalents Recognition and measurement For the purpose of the balance sheet, cash and cash equivalents covers cash on hand, deposits held with banks, and short-term, highly liquid investments (mainly money market funds and reverse repurchase agreements) that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value. Bank overdrafts are shown as current liabilities on the balance sheet. For the purposes of the cash flow statement, cash and cash equivalents are shown net of overdrafts.

|                                                                              | Note | 2024US$m | 2023US$m |
| Cash at bank and in hand                                                     |      |    2,330 |    1,843 |
| Money market funds, reverse repurchase agreements and other cash equivalents |      |    6,165 |    7,830 |
| Total cash and cash equivalents per consolidated balance sheet               |      |    8,495 |    9,673 |
| Bank overdrafts repayable on demand (unsecured)                              |   20 |      -11 |       -1 |
| Total cash and cash equivalents per consolidated cash flow statement         |      |    8,484 |    9,672 |

Restricted cash and cash equivalent analysis Cash and cash equivalents of US$ 515million ( 2023 : US$ 422million ) are held in countries where there are restrictions on remittances. Of