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Exceptional items (Tables)

6 Months Ended

Dec. 31, 2019

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 for the half year are detailed below.


Half year ended 31 December 2019	Gross US$M			Tax US$M		Net US$M
Exceptional items by category
Samarco dam failure		(6	)		–		(6	)
Cancellation of power contracts		(778	)		271		(507	)

Total		(784	)		271		(513	)

Attributable to non-controlling interests		(282	)		87		(195	)
Attributable to BHP shareholders		(502	)		184		(318	)

Cancellation of power contracts

Reflects an onerous contract provision in relation to the cancellation of power contracts at the Group’s Escondida and Spence operations, as part of the shift towards 100 per cent renewable energy supply contracts.

The exceptional items relating to the half year ended 31 December 2018 and the year ended 30 June 2019 are detailed below.


Half year ended 31 December 2018	Gross US$M			Tax US$M		Net US$M
Exceptional items by category
Samarco dam failure		(210	)		–		(210	)
Global taxation matters		–			242		242

Total		(210	)		242		32

Attributable to non-controlling interests		–			–		–
Attributable to BHP shareholders		(210	)		242		32


Year ended 30 June 2019	Gross US$M			Tax US$M		Net 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	)

Samarco dam failure [member]

Statement [LineItems]

Summary of Exceptional Items

Samarco Mineração SA (Samarco) dam failure

The exceptional loss of US$6 million related to the Samarco dam failure in November 2015 comprises the following:


Half year ended 31 December 2019	US$M
Other income		40
Expenses excluding net finance costs:
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure		(25	)
Loss from equity accounted investments, related impairments and expenses:
Samarco impairment expense		(27	)
Samarco Germano dam decommissioning		7
Samarco dam failure provision		56
Net finance costs		(57	)

Total (1)		(6	)

(1)	Refer to note 9 Significant events – Samarco dam failure for further information.