Segment reporting (Tables)

12 Months Ended

Jun. 30, 2019


Year ended 30 June 2019 US$M	Petroleum			Copper			Iron Ore			Coal			Group and unallocated items/ eliminations			Group total
Revenue		5,853			10,838			17,251			9,121			1,225			44,288
Inter-segment revenue		77			–			4			–			(81	)		–

Total revenue		5,930			10,838			17,255			9,121			1,144			44,288

Underlying EBITDA		3,801			4,550			11,129			4,067			(389	)		23,158

Depreciation and amortisation⁽¹⁾		(1,560	)		(1,835	)		(1,653	)		(632	)		(149	)		(5,829	)
Impairment losses⁽²⁾		(21	)		(128	)		(79	)		(35	)		(1	)		(264	)

Underlying EBIT		2,220			2,587			9,397			3,400			(539	)		17,065

Exceptional items⁽³⁾		–			–			(971	)		–			19			(952	)
Net finance costs																	(1,064	)

Profit before taxation																	15,049

Capital expenditure (cash basis)		645			2,735			1,611			655			604			6,250

(Loss)/profit from equity accounted investments, related impairments and expenses		(2	)		303			(945	)		103			(5	)		(546	)

Investments accounted for using the equity method		239			1,472			–			853			5			2,569

Total assets		12,465			27,428			22,592			12,124			26,252			100,861

Total liabilities		5,237			3,340			5,106			2,450			32,904			49,037


Year ended 30 June 2018 US$M	Petroleum			Copper			Iron Ore			Coal			Group and unallocated items/ eliminations⁽⁴⁾			Group total
Revenue		5,333			12,781			14,797			8,889			1,329			43,129
Inter-segment revenue		75			–			13			–			(88	)		–

Total revenue		5,408			12,781			14,810			8,889			1,241			43,129

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

(Loss)/profit 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			7,942			14,606			7,578			975			35,740
Inter-segment revenue		83			–			18			–			(101	)		–

Total revenue		4,722			7,942			14,624			7,578			874			35,740

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

(Loss)/profit 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

⁽¹⁾	Depreciation and amortisation excludes exceptional items of US$ nil (FY2018: US$ nil; FY2017: US$212 million).

⁽²⁾	Impairment losses excludes exceptional items of US$ nil (FY2018: US$ nil; FY2017: US$5 million).

⁽³⁾

Exceptional items reported in Group and unallocated include Samarco dam failure costs of US$(31) million (FY2018: US$(27) million; FY2017: US$(51) million) and Samarco related other income of US$50 million (FY2018: US$ nil; FY2017: US$ nil). Refer to note 3 ‘Exceptional items’ for further information.

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

Summary of Geographical Information

Geographical information


	Revenue by location of customer
	2019		2018		2017
	US$M		US$M		US$M
Australia		2,568		2,304		2,037
Europe		1,875		1,886		1,641
China		24,274		22,660		18,644
Japan		4,193		4,628		3,036
India		2,479		2,439		1,891
South Korea		2,550		2,588		2,271
Rest of Asia		2,940		2,620		3,152
North America		2,442		2,715		2,233
South America		662		1,054		649
Rest of world		305		235		186

		44,288		43,129		35,740


	Non-current assets by location of assets
	2019		2018		2017
	US$M		US$M		US$M
Australia		45,013		45,157		46,949
North America ⁽¹⁾		8,633		8,246		22,860
South America		18,404		18,267		18,899
Rest of world		371		154		173
Unallocated assets ⁽²⁾		5,067		5,039		7,069

		77,488		76,863		95,950

⁽¹⁾	Balance for the year ended 30 June 2017 includes non-current assets relating to Onshore US assets.

⁽²⁾	Unallocated assets comprise deferred tax assets and other financial assets.