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Interests in joint operations
 12 Months Ended
Jun. 30, 2020
Investments accounted for using equity method [abstract]  
Interests in joint operations
31    Interests in joint operations
Significant joint operations of the Group are those with the most significant contributions to the Group’s net profit or net assets. The Group’s interest in the joint operations results are listed in the table below. For a complete list of the Group’s investments in joint operations, refer to Exhibit 8.1 - List of Subsidiaries.
 
      
Group’s interest
 
Significant joint operations
 
Country of operation
 
Principal activity
 
2020
%
  2019
%		 
Atlantis
 US 
Hydrocarbons production
 
 
44
 
  44 
Bass Strait
 Australia 
Hydrocarbons production
 
 
50
 
  50 
Greater Angostura
 Trinidad and Tobago 
Hydrocarbons production
 
 
45
 
  45 
Macedon
(1)
 Australia 
Hydrocarbons production
 
 
71.43
 
  71.43 
Mad Dog
 US 
Hydrocarbons production
 
 
23.9
 
  23.9 
North West Shelf
 Australia 
Hydrocarbons production
 
 
12.5–16.67
 
  12.5–16.67 
Pyrenees
(1)
 Australia 
Hydrocarbons production
 
 
40–71.43
 
  40–71.43 
ROD Integrated Development
 (2)
 Algeria 
Hydrocarbons production
 
 
29.50
 
  29.50 
Shenzi
 US 
Hydrocarbons production
 
 
44
 
  44 
Mt Goldsworthy
(3)
 Australia 
Iron ore mining
 
 
85
 
  85 
Mt Newman
(3)
 Australia 
Iron ore mining
 
 
85
 
  85 
Yandi
(3)
 Australia 
Iron ore mining
 
 
85
 
  85 
Central Queensland Coal Associates
 Australia 
Coal mining
 
 
50
 
  50 
 
(1)
 
While the Group may hold a greater than 50 per cent interest in these joint operations, all the participants in these joint operations approve the operating and capital budgets and therefore the Group has joint control over the relevant activities of these arrangements.
 
(2)
 
Group interest reflects the working interest and may vary
year-on-year
based on the Group’s effective interest in producing wells.
 
(3)
 
These contractual arrangements are controlled by the Group and do not meet the definition of joint operations. However, as they are formed by contractual arrangement and are not entities, the Group recognises its share of assets, liabilities, revenue and expenses arising from these arrangements.
Assets held in joint operations subject to significant restrictions are as follows:
 
   
Group’s share
 
   
2020
   2019 
   
US$M
   US$M 
Current assets
  
 
2,059
 
   1,946 
Non-current
assets
  
 
37,193
 
   35,682 
  
 
 
   
 
 
 
Total assets
(1)
  
 
39,252
 
   37,628 
  
 
 
   
 
 
 
 
(1)
 
While the Group is unrestricted in its ability to sell a share of its interest in these joint operations, it does not have the right to sell individual assets that are used in these joint operations without the unanimous consent of the other participants. The assets in these joint operations are also restricted to the extent that they are only available to be used by the joint operation itself and not by other operations of the Group.