XML 348 R67.htm IDEA: XBRL DOCUMENT v3.25.0.1
Other Financial Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2024
Text Block [abstract]  
Summary of information about other financial assets and liabilities
 
    
2024
   US$m
     
2023
   US$m
  
 
  
Other financial assets
      
Financial instruments at fair value through profit and loss
      
Derivative financial instruments designated as hedges
   
186
  
248
Other financial assets
   
28
  
53
Financial instruments at fair value through other comprehensive income
   
 
  
Other financial assets
   
89
  
28
 
  
Total other financial assets
   
303
  
329
 
  
Current
   
185
  
209
Non-current
   
118
  
120
 
  
Net carrying amount
   
303
  
329
 
  
Other financial liabilities
      
Financial instruments at fair value through profit and loss
      
Derivative financial instruments designated as hedges
   
169
  
74
Embedded derivative
   
349
  
35
 
  
Total other financial liabilities
   
518
  
109
 
  
Current
   
139
  
67
Non-current
   
379
  
42
 
  
Net carrying amount
   
518
  
109
 
  
Summary of detailed information about hedging activities
     
2024
     
2023
  
Brent commodity
swaps (cash flow hedges)
      
Carrying amount (US$m)
   
137
  
(14
) 
Notional amount (MMbbl)
1
   
31
  
29
Maturity date
   
2025
  
2024
Hedge ratio
   
1:1
  
1:1
Weighted average hedged rate (US$/MMbbl)
   
79
  
76
HH Natural Gas commodity swaps (cash flow hedges)
      
Carrying amount (US$m)
   
8
  
(44
) 
Notional amount (TBtu)
1
   
79
  
38
Maturity date
   
2025-2026
  
2024-2025
Hedge ratio
   
1:1
  
1:1
Weighted average hedged rate (US$/MMBtu)
   
3.6
  
4.4
TTF
LNG
commodity swaps (cash flow hedges)
      
Carrying amount (US$m)
   
(118)
     
181
Notional amount (TBtu)
1
   
69
  
32
Maturity date
   
2025-2026
  
2024-2025
Hedge ratio
   
1:1
  
1:1
Weighted average hedged rate (US$/MMBtu)
   
11.9
  
18.3
Interest rate swap (cash flow hedges)
      
Carrying amount (US$m)
   
35
  
43
Notional amount (US$m)
 
   
600
  
600
Maturity date
   
2027
  
2027
Hedge ratio
   
1:1
  
1:1
Weighted average hedged rate
   
1.7%
     
1.7%
FX forwards (cash flow hedges)
      
Carrying amount (US$m)
   
(45)
     
8
Notional amount (AUD$m)
2
   
2,484
  
1,834
Maturity date
   
2025
  
2024-2025
Hedge Ratio
   
1:1
  
1:1
Weighted average hedged rate (AUD:USD)
   
0.67
  
0.68
 
1.
The notional amounts relate to unrealised volumes of the hedge item included in the cash flow hedge reserve.
2.
This notional amount represents total since inception of which AUD$985 million is unrealised volumes of the hedge item included in the cash flow hedge reserve.
Summary of Unrealised Gains or Losses Recognised in Other Income/Expenses
 
  
Change in assumption
1
   
    US$m
 
 
Urea sales price: increase of 10%
   
125
 
 
Urea sales price: decrease of 10%
   
(125
)
 
  
 
Discount rate: increase of 1.5%
2
   
(163
)
  
 
Discount rate: decrease of 1.5%
2
   
201
 
1. Amounts shown represent the change of the present value of the contract keeping all other variables constant.
2. A change of 1.5% represents 150 basis points.