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v3.22.4

Payables | 12 Months Ended
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Dec. 31, 2022
Text Block [abstract] |
Payables |
D.4 |  | Payables
The following table shows the Group’s payables balances.
|  | 2022 US$m |  |  | 2021 US$m |
Trade payables 1 |  |  | 759 |  |  |  | 191 |
Other payables 1 |  |  | 1,270 |  |  |  | 390 |
Interest payable 2 |  |  | 65 |  |  |  | 58 |
Total payables |  |  | 2,094 |  |  |  | 639 |
1. | Interest-free and normally settled on 30 day terms.
2. | Details regarding interest-bearing liabilities are contained in Note C.2.
Recognition and measurement Trade and other payables are carried at amortised cost and are recognised when goods and services are received, whether or not billed to the Group, prior to the end of the reporting period. Fair value The carrying amount of payables approximates their fair value. Foreign exchange risk The Group held $657 million of payables at 31 December 2022 (2021: $311 million) in currencies other than US dollars (predominantly Australian dollars). Maturity profile of payables The Group’s payables balances at 31 December 2022 and 31 December 2021 are due for payment within a year.

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- Definition The disclosure of trade and other payables. [Refer: Trade and other payables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
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