Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 359

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 359
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 movements                       |                              -320 |                                           -556 |                                                          203 |                                 – |           36 |   -637 |
| At 31 December                                 |                           -13,000 |                                         -1,351 |                                                         -429 |                             9,672 |          877 | -4,231 |

(a) Borrowings excluding overdrafts of US$ 12,431million ( 2023 : US$ 13,000million ) differs from Borrowings on the balance sheet as it excludes bank overdrafts of US$ 11million

( 2023 : US$ 1million ) which has been included in cash and cash equivalents for the net debt reconciliation.

(b) Other non-cash movements in lease liabilities include the net impact of additions, modifications and terminations during the period.

(c) Included within “Derivatives related to net debt” are interest rate and cross-currency interest rate swaps that are in hedge relationships with the Group's debt.

(d) Other investments includes US$ 212million ( 2023 : US$ 877million ) of highly liquid financial assets held in a separately managed portfolio of fixed income instruments classified as held for

trading.

The table below summarises, by currency, our net debt, after taking into account relevant cross-currency interest rate swaps and foreign

exchange contracts:

|                      |                              2024 |                       |                                   |                             |                      |              |         2023 |
| Net debt by currency | BorrowingsexcludingoverdraftsUS$m | Lease liabilitiesUS$m | Derivativesrelated to netdebtUS$m | Cash andcashequivalentsUS$m | OtherinvestmentsUS$m | Net debtUS$m | Net debtUS$m |
| US dollar            |                           -12,181 |                  -539 |                              -343 |                       7,108 |                  212 |       -5,743 |       -4,033 |
| Australian dollar    |                               -92 |                  -501 |                                 – |                         721 |                    – |          128 |         -186 |
| Canadian dollar      |                              -158 |                  -158 |                                 – |                          81 |                    – |         -235 |         -247 |
| South African rand   |                                 – |                    -2 |                                 – |                         167 |                    – |          165 |          130 |
| Other                |                                 – |                  -213 |                                 – |                         407 |                    – |