Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 376

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 376
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 to financial assets                                                                      |   88 |   29 |
| Disposals/maturity of financial instruments                                                        |  -31 |  -47 |
| Closing balance                                                                                    |  216 |  147 |
| Net gains included in the income statement for assets and liabilities held at year end             |    3 |   31 |

(d) Our Cash and cash equivalents of US$ 8,495million ( 2023 : US$ 9,673million ) , includes US$ 4,893million ( 2023 : US$ 2,722million ) relating to money market funds which are treated as

FVTPL under IFRS 9 with the fair value movements reported as finance income.

(e) Investments in equity shares and funds include US$ 221million ( 2023 : US$ 157million ) of equity shares, not held for trading, where we have irrevocably elected to present fair value gains

and losses on revaluation in other comprehensive income. The election is made at an individual investment level.

(f) Other investments, including loans, covers cash deposits in rehabilitation funds, government bonds, managed investment funds and royalty receivables.

(g) Trade receivables include provisionally priced invoices. The related revenue is initially based on forward market selling prices for the quotation periods stipulated in the contracts with

changes between the provisional price and the final price recorded separately within “Other revenue”. The selling price can be measured reliably for the Group's products, as it operates in

active and freely traded commodity markets. At 31 December 2024 , US$ 1,374million ( 2023 : US$ 1,362million ) of provisionally priced receivables were recognised.

(h) Level 3 derivatives mainly consist of derivatives embedded in electricity purchase contracts linked to the LME, midwest premium and billet premium with terms expiring between 2025 and

2036 ( 2023 : 2025 and 2036 ). Derivatives related to renewable power purchase agreements are linked to forward electricity prices with terms expiring between 2026 and 2054.

(i) Net debt derivatives include interest rate swaps and cross-currency swaps. As part of the International Swaps and Derivatives Association (ISDA) Fallbacks Protocol, on 1 July 2023 we

completed the transition of our US LIBOR derivatives to SOFR on cessation of US LIBOR at 30 June 2023 . There was