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Discontinued operations (Tables)
 12 Months Ended
Jun. 30, 2020
Statement [Line Items]  
Summary of Exceptional Items
Exceptional items are those gains or losses where their nature, including the expected frequency of the events giving rise to them, and impact is considered material to the Financial Statements. Such items included within the Group’s profit from Continuing operations for the year are detailed below. Exceptional items attributable to Discontinued operations are detailed in note 28 ‘Discontinued operations’.
 
Year ended 30 June 2020
  
Gross
  
Tax
  
Net
 
   
US$M
  
US$M
  
US$M
 
Exceptional items by category
    
Samarco dam failure
  
 
(176
) 
 
 
–
 
 
 
(176
) 
Cancellation of power contracts
  
 
(778
) 
 
 
271
 
 
 
(507
) 
COVID-19 related costs
  
 
(183
) 
 
 
53
 
 
 
(130
) 
Cerro Colorado impairment
   
(409
)
 		 
 
(83
) 
 
 
(492
) 
  
 
 
  
 
 
  
 
 
 
Total
  
 
(1,546
) 
 
 
241
 
 
 
(1,305
) 
  
 
 
  
 
 
  
 
 
 
Attributable to
non-controlling
interests
  
 
(291
) 
 
 
90
 
 
 
(201
) 
Attributable to BHP shareholders
  
 
(1,255
) 
 
 
151
 
 
 
(1,104
) 
  
 
 
  
 
 
  
 
 
 
 
Year ended 30 June 2019
  Gross  Tax   Net 
   US$M  US$M   US$M 
Exceptional items by category
     
Samarco dam failure
   (1,060)   –    (1,060) 
Global taxation matters
   –   242    242 
  
 
 
  
 
 
   
 
 
 
Total
   (1,060)   242    (818) 
  
 
 
  
 
 
   
 
 
 
Attributable to
non-controlling
interests
   –   –    – 
Attributable to BHP shareholders
   (1,060)   242    (818) 
  
 
 
  
 
 
   
 
 
 
 
Year ended 30 June 2018
  Gross  Tax  Net 
   US$M  US$M  US$M 
Exceptional items by category
    
Samarco dam failure
   (650)   –   (650) 
US tax reform
   –   (2,320)   (2,320) 
  
 
 
  
 
 
  
 
 
 
Total
   (650)   (2,320)   (2,970) 
  
 
 
  
 
 
  
 
 
 
Attributable to
non-controlling
interests
   –   –   – 
Attributable to BHP shareholders
   (650)   (2,320)   (2,970) 
  
 
 
  
 
 
  
 
 
 
Summary of Income Statement - Discontinued Operations
Income statement – Discontinued operations
 
   
2019
  
2018
 
   US$M  US$M 
Profit/(loss) after taxation from operating activities
   175   (2,921) 
  
 
 
  
 
 
 
Net loss on disposal
   (510)   – 
  
 
 
  
 
 
 
Loss after taxation
   (335)   (2,921) 
  
 
 
  
 
 
 
Attributable to
non-controlling
interests
   7   26 
Attributable to BHP shareholders
   (342)   (2,947) 
  
 
 
  
 
 
 
Basic loss per ordinary share (cents)
   (6.6)   (55.4) 
Diluted loss per ordinary share (cents)
   (6.6)   (55.4) 
  
 
 
  
 
 
 
Summary of Cash Flows from Discontinued Operations
Cash flows from Discontinued operations
 
   2019  2018 
   
US$M
  
US$M
 
Net operating cash flows
   474   900 
Net investing cash flows
 (1)
   (443)   (861) 
Net financing cash flows
 (2)
   (13)   (40) 
  
 
 
  
 
 
 
Net increase/(decrease) in cash and cash equivalents from Discontinued operations
   18   (1) 
  
 
 
  
 
 
 
Net proceeds received from the sale of Onshore US
   10,531   – 
Less Cash and cash equivalents
   (104)   – 
  
 
 
  
 
 
 
Proceeds from divestment of Onshore US, net of its cash
   10,427   – 
  
 
 
  
 
 
 
Total cash impact
   10,445   (1) 
  
 
 
  
 
 
 
 
(1)
 
Includes purchases of property, plant and equipment of US$443 million in FY2019 (2018: US$900 million) less proceeds from sale of assets of US$ nil in FY2019 (2018: US$39 million).
 
(2)
 
Includes net repayment of interest bearing liabilities of US$6 million in FY2019 (2018: US$4 million), distribution to
non-controlling
interests of US$ nil in FY2019 (2018: US$14 million) and dividends paid to
non-controlling
interests of US$7 million in FY2019 (2018: US$22 million).
Summary of Net Loss on Disposal of Discontinued Operations
Net loss on disposal of Discontinued operations
Details of the net loss on disposal for the year ended 30 June 2019 is presented in the table below:
 
   2019 
   
US$M
 
Net assets
   11,111 
  
 
 
 
Less
non-controlling
interest share of net assets disposed
   (168) 
  
 
 
 
BHP Share of net assets disposed
   10,943 
  
 
 
 
Gross consideration
   10,555 
Less transaction costs
   (54) 
Income tax expense
   (68) 
  
 
 
 
Net loss on disposal
   (510) 
  
 
 
 
Summary of Impairment of Non-current Assets
Cash generating unit
  Property,
plant and
equipment		  Goodwill  Total 
   
US$M
  
US$M
  
US$M
 
Petrohawk
   –   (2,253)   (2,253) 
Fayetteville
   (520)   (86)   (606) 
  
 
 
  
 
 
  
 
 
 
Total impairment of
non-current
assets
   (520)   (2,339)   (2,859) 
  
 
 
  
 
 
  
 
 
 
Discontinued operations [member]  
Statement [Line Items]  
Summary of Exceptional Items
Exceptional items – Discontinued operations
Exceptional items are those gains or losses where their nature, including the expected frequency of the events giving rise to them, and impact is considered material to the Financial Statements.
There were no exceptional items related to Discontinued operations for the years ended 30 June 2020 and 30 June 2019.
Items related to Discontinued operations included within profit for the year ended 30 June 2018 are detailed below.
 
Year ended 30 June 2018
  Gross  Tax   Net 
   
US$M
  
US$M
   
US$M
 
Exceptional items by category
     
US tax reform
   –   492    492 
Impairment of Onshore US assets
   (2,859)   109    (2,750) 
  
 
 
  
 
 
   
 
 
 
Total
   (2,859)   601    (2,258) 
  
 
 
  
 
 
   
 
 
 
Attributable to
non-controlling
interests
   –   –    – 
Attributable to BHP shareholders
   (2,859)   601    (2,258)