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Financial risk management - Fair values (Tables)
 6 Months Ended
Dec. 31, 2018
Text block [abstract]  
Summary of Financial Assets and Liabilities

Financial assets and liabilities

 

     IFRS 13 Fair
value
hierarchy
Level		   

IFRS 9 Classification(1)

    31 Dec 2018

US$M

      30 June 2018
US$M		  

Fair value hierarchy(2)

            

Current cross currency and interest rate swaps

    2    Fair value through profit or loss      1        12  

Current other derivative contracts(3)

    2,3    Fair value through profit or loss      219        170  

Current other investments(4)

    1,2    Fair value through profit or loss      17        18  

Non-current cross currency and interest rate swaps

    2    Fair value through profit or loss      335        396  

Non-current other derivative contracts(3)

    2,3    Fair value through profit or loss      186        195  

Non-current investment in shares

    3    Fair value through other comprehensive income      33        33  

Non-current other investments(4)(5)

    1,2,3    Fair value through profit or loss      331        375  
        

 

 

     

 

 

  

Total other financial assets

            1,122        1,199  

Cash and cash equivalents

       Amortised cost      15,575        15,871  

Trade and other receivables(6)

       Amortised cost      5,117        1,799  

Provisionally priced trade receivables(6)

    2    Fair value through profit or loss      1,066        1,126  

Loans to equity accounted investments

       Amortised cost      13        13  
        

 

 

     

 

 

  

Total financial assets

            22,893        20,008  
        

 

 

     

 

 

  

Non-financial assets

            79,521        91,985  
        

 

 

     

 

 

  

Total assets

            102,414        111,993  
        

 

 

     

 

 

  

Current cross currency and interest rate swaps

    2    Fair value through profit or loss      –        121  

Current other derivative contracts(3)

    2,3    Fair value through profit or loss      19        17  

Non-current cross currency and interest rate swaps

    2    Fair value through profit or loss      1,255        1,092  

Non-current other derivative contracts(3)

    2,3    Fair value through profit or loss      1        1  
        

 

 

     

 

 

  

Total other financial liabilities

            1,275        1,231  

Trade and other payables(7)

       Amortised cost      5,094        5,414  

Provisionally priced trade payables(7)

    2    Fair value through profit or loss      403        377  

Bank overdrafts and short-term borrowings(8)

       Amortised cost      476        58  

Bank loans(8)

       Amortised cost      2,502        2,555  

Notes and debentures(8)

       Amortised cost      21,714        23,298  

Finance leases

       Amortised cost      749        802  

Other(8)

       Amortised cost      24        92  
        

 

 

     

 

 

  

Total financial liabilities

            32,237        33,827  
        

 

 

     

 

 

  

Non-financial liabilities

            14,861        17,496  
        

 

 

     

 

 

  

Total liabilities

            47,098        51,323  
        

 

 

     

 

 

  

 

(1)

For classifications under IAS 39 refer to note 2 Impact of new accounting standards.
(2)

All of the Group’s financial assets and financial liabilities recognised at fair value were valued using market observable inputs categorised as Level 2 with the exception of the specified items in the following footnotes.
(3)

Includes other derivative contracts of US$202 million (30 June 2018: US$213 million) categorised as Level 3. Significant items are derivatives embedded in physical commodity purchase and sales contracts of gas in Trinidad and Tobago with net assets fair value of US$205 million (30 June 2018: US$216 million).
(4)

Includes investments held by BHP Foundation which are restricted and not available for general use by the Group of US$298 million (30 June 2018: US$343 million) of which other investments (US Treasury Notes) of US$94 million categorised as Level 1 (30 June 2018: US$108 million).
(5)

Includes other investments of US$47 million (30 June 2018: US$47 million) categorised as Level 3.
(6)

Excludes input taxes of US$395 million (30 June 2018: US$338 million) included in other receivables.
(7)

Excludes input taxes of US$123 million (30 June 2018: US$189 million) included in other payables.
(8)

All interest bearing liabilities, excluding finance leases, are unsecured.