Other Financial Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2024


	30 June 2024 US$m		31 December 2023 US$m
Other financial assets
Financial instruments at fair value through profit and loss
Derivative financial instruments designated as hedges		160		248
Other financial assets		100		53
Financial instruments at fair value through other comprehensive income
Other financial assets		—		28

Total other financial assets		260		329

Current		154		209
Non-current		106		120

Net carrying amount		260		329

Other financial liabilities
Financial instruments at fair value through profit and loss
Derivative financial instruments designated as hedges		126		74
Embedded derivative		188		35
Other financial liabilities		41		—

Total other financial liabilities		355		109

Current		152		67
Non-current		203		42

Net carrying amount		355		109

The following table presents the Group’s derivative financial instruments designated as hedges, measured and recognised at fair value:


	30 June 2024 US$m			31 December 2023 US$m
Oil swaps (cash flow hedges)		(53	)		(14	)
HH Corpus Christi commodity swaps (cash flow hedges)		(24	)		(44	)
TTF Corpus Christi commodity swaps (cash flow hedges)		72			181
Interest rate swaps (cash flow hedges)		48			43
Foreign exchange forwards (cash flow hedges)		(9	)		8

Total derivative financial instruments asset designated as hedges		34			174

Amounts shown represent the change of the present value of the contract keeping all other variables constant.

A change of

1.5

% represents

150

basis points.