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Group income statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated operations      
Consolidated sales revenue $ 44,611 $ 43,165 $ 40,522
Net operating costs (excluding items shown separately) (26,254) (27,307) (27,115)
Impairment charges (904) (3,487) (132)
Net (losses)/gains on consolidation and disposal of interests in businesses 0 (291) 4,622
Exploration and evaluation costs (625) (624) (488)
Profit relating to interests in undeveloped projects 1 10 278
Operating profit 16,829 11,466 17,687
Share of profit after tax of equity accounted units 652 301 513
Impairment of investments in equity accounted units (339) 0 0
Profit before finance items and taxation 17,142 11,767 18,200
Finance items      
Net exchange (losses)/gains on net external and intragroup debt balances (1,124) 58 704
Net losses on derivatives not qualifying for hedge accounting (123) (68) (57)
Finance income 141 300 249
Finance costs (268) (554) (552)
Amortisation of discount (377) (384) (377)
Net finance income (expense) (1,751) (648) (33)
Profit before taxation 15,391 11,119 18,167
Taxation (4,991) (4,147) (4,242)
Profit after tax for the year 10,400 6,972 13,925
Profit after tax for the year – attributable to owners of Rio Tinto (net earnings) 9,769 8,010 13,638
Profit after tax for the year – attributable to non-controlling interests $ 631 $ (1,038) $ 287
Basic earnings per share (in usd per share) $ 6.040 $ 4.914 $ 7.932
Diluted earnings per share (in usd per share) $ 5.998 $ 4.878 $ 7.876