XML 233 R40.htm IDEA: XBRL DOCUMENT
v3.19.2

Deed of Cross Guarantee | 12 Months Ended
--- | ---
Jun. 30, 2019
Text block [abstract] |
Deed of Cross Guarantee | 37 Deed of Cross Guarantee BHP Group Limited together with wholly owned subsidiaries identified in Exhibit 8.1 – List of Subsidiaries entered into a Deed of Cross Guarantee (Deed) on 6 June 2016. The effect of the Deed is that BHP Group Limited has guaranteed to pay any outstanding liabilities upon the winding up of any wholly owned subsidiary that is party to the Deed. Wholly owned subsidiaries that are party to the Deed have also given a similar guarantee in the event that BHP Group Limited or another party to the Deed is wound up. The wholly owned Australian subsidiaries identified in Exhibit 8.1 – List of Subsidiaries are relieved from the requirements to prepare and lodge audited financial reports. A Consolidated Statement of Comprehensive Income and Retained Earnings and Consolidated Balance Sheet, comprising BHP Group Limited and the wholly owned subsidiaries that are party to the Deed for the year ended 30 June 2019 and 30 June 2018 are as follows:
Consolidated Statement of Comprehensive Income and Retained Earnings |  | 2019 |  |  | 2018 |
|  | US$M |  |  | US$M |
Revenue |  |  | 22,660 |  |  |  | 20,434 |
Other income |  |  | 2,881 |  |  |  | 3,188 |
Expenses excluding net finance costs |  |  | (14,610 | ) |  |  | (12,693 | )
Net finance costs |  |  | (414 | ) |  |  | (470 | )
Income tax expense |  |  | (2,317 | ) |  |  | (2,218 | )
Profit after taxation |  |  | 8,200 |  |  |  | 8,241 |
Total other comprehensive income |  |  | 10 |  |  |  | 12 |
Total comprehensive income |  |  | 8,210 |  |  |  | 8,253 |
Retained earnings at the beginning of the financial year |  |  | 48,442 |  |  |  | 45,979 |
Net effect on retained earnings of entities added to/removed from the Deed |  |  | (34 | ) |  |  | 48 |
Profit after taxation for the year |  |  | 8,200 |  |  |  | 8,241 |
Transfers to and from reserves |  |  | (31 | ) |  |  | (15 | )
Shares bought back and cancelled |  |  | (5,199 | ) |  |  | – |
Dividends |  |  | (6,655 | ) |  |  | (5,811 | )
Retained earnings at the end of the financial year |  |  | 44,723 |  |  |  | 48,442 |
Consolidated Balance Sheet |  | 2019 |  |  | 2018 |
|  | US$M |  |  | US$M |
ASSETS |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 13 |  |  |  | 2 |
Trade and other receivables |  |  | 4,875 |  |  |  | 3,977 |
Loans to related parties |  |  | 4,255 |  |  |  | 16,730 |
Inventories |  |  | 1,677 |  |  |  | 1,649 |
Other |  |  | 92 |  |  |  | 90 |
Total current assets |  |  | 10,912 |  |  |  | 22,448 |
Non-current assets |  |  |  |  |  |  |  |
Trade and other receivables |  |  | 40 |  |  |  | 73 |
Loans to related parties |  |  | – |  |  |  | 151 |
Inventories |  |  | 326 |  |  |  | 323 |
Property, plant and equipment |  |  | 31,508 |  |  |  | 31,009 |
Intangible assets |  |  | 362 |  |  |  | 444 |
Investments in Group companies |  |  | 33,123 |  |  |  | 27,354 |
Deferred tax assets |  |  | 442 |  |  |  | 329 |
Other |  |  | 59 |  |  |  | 68 |
Total non-current assets |  |  | 65,860 |  |  |  | 59,751 |
Total assets |  |  | 76,772 |  |  |  | 82,199 |
LIABILITIES |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Trade and other payables |  |  | 4,790 |  |  |  | 3,425 |
Loans from related parties |  |  | 13,682 |  |  |  | 15,719 |
Interest bearing liabilities |  |  | 104 |  |  |  | 115 |
Current tax payable |  |  | 694 |  |  |  | 1,053 |
Provisions |  |  | 889 |  |  |  | 952 |
Deferred income |  |  | 6 |  |  |  | 6 |
Total current liabilities |  |  | 20,165 |  |  |  | 21,270 |
Non-current liabilities |  |  |  |  |  |  |  |
Trade and other payables |  |  | 8 |  |  |  | 3 |
Loans from related parties |  |  | 7,689 |  |  |  | 7,870 |
Interest bearing liabilities |  |  | 143 |  |  |  | 191 |
Non-current tax payable |  |  | 75 |  |  |  | – |
Deferred tax liabilities |  |  | 542 |  |  |  | 573 |
Provisions |  |  | 2,136 |  |  |  | 2,475 |
Deferred income |  |  | 14 |  |  |  | 18 |
Total non-current liabilities |  |  | 10,607 |  |  |  | 11,130 |
Total liabilities |  |  | 30,772 |  |  |  | 32,400 |
Net assets |  |  | 46,000 |  |  |  | 49,799 |
EQUITY |  |  |  |  |  |  |  |
Share capital – BHP Group Limited |  |  | 1,111 |  |  |  | 1,186 |
Treasury shares |  |  | (31) |  |  |  | (5 | )
Reserves |  |  | 197 |  |  |  | 176 |
Retained earnings |  |  | 44,723 |  |  |  | 48,442 |
Total equity |  |  | 46,000 |  |  |  | 49,799 |

X
- Definition Text block. + References No definition available. + Details
Name: | bhp_TextBlockAbstract
Namespace Prefix: | bhp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for separate financial statements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2018-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=27&date=2018-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2018-03-16 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2018-01-01 -Section Objective -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=sect_Objective&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration