Segment reporting (Tables)

12 Months Ended

Jun. 30, 2018


Year ended 30 June 2018 US$M	Petroleum			Copper			Iron Ore			Coal			Group and unallocated items/ eliminations ⁽⁴⁾			Group total
Revenue		5,333			13,287			14,797			8,889			1,332			43,638
Inter-segment revenue		75			–			13			–			(88	)		–

Total revenue		5,408			13,287			14,810			8,889			1,244			43,638

Underlying EBITDA		3,341			6,522			8,930			4,397			(7	)		23,183

Depreciation and amortisation ⁽¹⁾		(1,719	)		(1,920	)		(1,721	)		(686	)		(242	)		(6,288	)
Impairment losses ⁽²⁾		(76	)		(213	)		(14	)		(29	)		(1	)		(333	)

Underlying EBIT		1,546			4,389			7,195			3,682			(250	)		16,562

Exceptional items ⁽³⁾		–			–			(539	)		–			(27	)		(566	)
Net finance costs																	(1,245	)

Profit before taxation																	14,751

Capital expenditure (cash basis)		656			2,428			1,074			409			412			4,979

Profit/(loss) from equity accounted investments, related impairments and expenses		(4	)		467			(509	)		192			1			147

Investments accounted for using the equity method		249			1,335			–			883			6			2,473

Total assets		12,938			26,824			22,208			12,257			37,766			111,993

Total liabilities		4,886			3,145			3,888			2,404			37,000			51,323


Year ended 30 June 2017 US$M	Petroleum			Copper			Iron Ore			Coal			Group and unallocated items/ eliminations ⁽⁴⁾			Group total
Revenue		4,639			8,335			14,606			7,578			977			36,135
Inter-segment revenue		83			–			18			–			(101	)		–

Total revenue		4,722			8,335			14,624			7,578			876			36,135

Underlying EBITDA		3,117			3,545			9,077			3,784			(173	)		19,350

Depreciation and amortisation ⁽¹⁾		(1,648	)		(1,525	)		(1,828	)		(719	)		(252	)		(5,972	)
Impairment losses ⁽²⁾		(102	)		(14	)		(52	)		(15	)		(5	)		(188	)

Underlying EBIT		1,367			2,006			7,197			3,050			(430	)		13,190

Exceptional items ⁽³⁾		–			(546	)		(203	)		164			(51	)		(636	)
Net finance costs																	(1,417	)

Profit before taxation																	11,137

Capital expenditure (cash basis)		917			1,484			805			246			245			3,697

Profit/(loss) from equity accounted investments, related impairments and expenses		(3	)		295			(172	)		152			–			272

Investments accounted for using the equity method		264			1,306			–			873			5			2,448

Total assets		13,726			26,743			22,781			11,996			41,760			117,006

Total liabilities		4,715			2,643			3,606			1,860			41,456			54,280


Year ended 30 June 2016 US$M	Petroleum			Copper			Iron Ore			Coal			Group and unallocated items/ eliminations ⁽⁴⁾			Group total
Revenue		4,431			8,249			10,516			4,518			853			28,567
Inter-segment revenue		118			–			22			–			(140	)

Total revenue		4,549			8,249			10,538			4,518			713			28,567

Underlying EBITDA		3,038			2,619			5,599			635			(171	)		11,720

Depreciation and amortisation ⁽¹⁾		(1,696	)		(1,560	)		(1,817	)		(890	)		(247	)		(6,210	)
Impairment losses ⁽²⁾		(24	)		(17	)		(42	)		(94	)		(9	)		(186	)

Underlying EBIT		1,318			1,042			3,740			(349	)		(427	)		5,324

Exceptional items ⁽³⁾		–			–			(2,388	)		–			(132	)		(2,520	)
Net finance costs																	(1,013	)

Loss before taxation																	1,791

Capital expenditure (cash basis)		1,278			2,786			1,061			298			284			5,707

Profit/(loss) from equity accounted investments, related impairments and expenses		(7	)		155			(2,244	)		(9	)		1			(2,104	)

Investments accounted for using the equity method		280			1,388			–			901			6			2,575

Total assets		14,120			26,143			24,330			12,754			41,606			118,953

Total liabilities		4,264			2,299			3,789			2,103			46,427			58,882

⁽¹⁾	Depreciation and amortisation excludes exceptional items of US$ nil (FY2017: US$212 million; FY2016: US$ nil).

⁽²⁾	Impairment losses excludes exceptional items of US$ nil (FY2017: US$5 million; FY2016: US$ nil).

⁽³⁾	Exceptional items reported in Group and unallocated include Samarco dam failure costs of US$(27) million (FY2017: US$(51) million; FY2016: US$(62) million). Refer to note 2 ‘Exceptional items’ for further information.

⁽⁴⁾	Total assets and total liabilities include balances for the years ended 30 June 2018, 2017 and 2016 relating to Onshore US assets.

Summary of Geographical Information

Geographical information


	Revenue by location of customer
	2018		2017		2016
	US$M		US$M		US$M
Australia		2,304		2,037		1,846
Europe		1,886		1,641		1,141
China		22,935		18,875		13,177
Japan		4,709		3,086		2,941
India		2,484		1,938		1,478
South Korea		2,639		2,296		1,919
Rest of Asia		2,620		3,157		2,623
North America		2,715		2,233		2,355
South America		1,106		681		899
Rest of world		240		191		188

		43,638		36,135		28,567


	Non-current assets by location of assets
	2018		2017		2016
	US$M		US$M		US$M
Australia		45,157		46,949		49,465
North America ⁽¹⁾		8,246		22,860		23,943
South America ⁽²⁾		18,267		18,899		18,614
Rest of world ⁽²⁾		154		173		389
Unallocated assets ⁽³⁾		5,039		7,069		8,828

		76,863		95,950		101,239

⁽¹⁾	Balances for the years ended 30 June 2017 and 2016 include non-current assets relating to Onshore US assets.

⁽²⁾	Prior periods have been restated to reflect the location of equity accounted investments operations rather than the location of the holding company.

⁽³⁾	Unallocated assets comprise deferred tax assets and other financial assets.