Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 354

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 354
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 817 |
| Prepayment of tolling charges to jointly controlled entities(c) |              94 |           – |        94 |             113 |           – |       113 |
| Pension surpluses (note 28)                                     |             405 |           – |       405 |             466 |           – |       466 |
| Other prepayments                                               |             163 |         825 |       988 |             376 |         589 |       965 |
| Total(d)                                                        |           1,397 |       4,241 |     5,638 |           1,659 |       3,945 |     5,604 |

(a) At 31 December 2024 , trade receivables and other financial receivables are stated net of allowances for expected credit losses of US$ 72million ( 2023 : US$ 82million ). We apply the

“simplified approach” to trade receivables and receivables relating to net investment in finance leases and a “general approach” to all other financial assets.

(b) At 31 December 2024 , other receivables include US$ 333million ( 2023 : US$ 349million ) related to Energy Resources of Australia Ltd’s (ERA) deposit held in a trust fund which is controlled by the

Government of Australia. ERA are entitled to reimbursement from the fund once specific phases of rehabilitation relating to the Ranger Project are completed. The fund is outside the scope of IFRS 9 .

(c) These prepayments will be charged to Group operating costs as tolling services are rendered and product processing occurs.

(d) There is no material element of receivables and other assets that is interest-bearing or financing in nature. The fair value of current trade and other receivables and the majority of amounts

classified as non-current trade and other receivables approximates to their carrying value.

Credit risk related to receivables

Our Commercial team manages customer credit risk by reference to our established policy, procedures and controls. The team establishes credit limits

for all of our customers. Where customers are rated by an independent credit rating agency, these ratings are used as a guide to set credit limits. Where

there are no independent credit ratings available, we assess the credit quality of the customer through a credit rating model and assign appropriate credit

limits. The Commercial team monitors outstanding customer receivables regularly and highlights any credit concerns to senior management.

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