New and amended accounting standards and interpretations (Tables)

12 Months Ended

Jun. 30, 2019

Summary of Impact of Adopting IFRS 9 on Total Equity

The impact of adopting IFRS 9 on Total equity as at 1 July 2018 is as follows:


	US$M
Total equity as at 30 June 2018		60,670
Impairment provision resulting from application of the Expected Credit Loss model		(7	)

Total equity as at 1 July 2018		60,663

Summary of Reconciliation of Operating Lease Commitments to Expected Total Lease Liability to be Recognised

The following table provides a reconciliation of the operating lease commitments disclosed in note 32 ‘Commitments’ to the expected total lease liability to be recognised at 1 July 2019:


	US$B
Operating lease commitments as at 30 June 2019		1.9
Add: Leases which did not meet the definition of a lease under IAS 17		0.7
Add: Cost of reasonably certain extension options (undiscounted)		0.1
Less: Components excluded from lease liability (undiscounted)		(0.2	)
Less: Effect of discounting		(0.2	)

Total additional lease liabilities recognised on transition		2.3