Related-party transactions

12 Months Ended

Dec. 31, 2020

39 Related-party transactions

Information about material related-party transactions of the Rio Tinto Group is set out below.

Subsidiary companies and joint operations

Details of investments in principal subsidiary companies are disclosed in note 32. Information relating to joint operations can be found in note 33.

Equity accounted units

Transactions and balances with equity accounted units are summarised below. Purchases, trade and other receivables, and trade and other payables relate largely to amounts charged by equity accounted units for toll processing of alumina and purchasing of bauxite and aluminium. Sales relate largely to sales of alumina to equity accounted units for smelting into aluminium.


	Note	2020 US$m	2019 US$m	2018 US$m
Income statement items



Purchases from equity accounted units		(960)	(1,155)	(1,209)



Sales to equity accounted units		271	268	493

Cash flow statement items
Dividends from equity accounted units		594	669	800
Net funding of equity accounted units		(43)	(33)	(9)

Balance sheet items


Investments in equity accounted units(a)	15	3,764	3,971	4,299
Loans to equity accounted units	19	41	39	38









Trade and other receivables: amounts due from equity accounted units(b)	18	251	259	278


Trade and other payables: amounts due to equity accounted units	24	(241)	(271)	(223)

(a)Investments in equity accounted units include quasi equity loans. Further information about investments in equity accounted units is set out in notes 34 and 35.

(b)This includes prepayments of tolling charges.

Pension funds

Information relating to pension fund arrangements is set out in note 42.

Directors and key management