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Group income statement - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Consolidated operations    
Consolidated sales revenue $ 33,083 $ 19,362
Net operating costs (excluding items shown separately) (15,322) (12,217)
Impairment charges [1] 0 (1,015)
Exploration and evaluation costs (324) (280)
Operating profit 17,437 5,850
Share of profit after tax of equity accounted units 556 198
Impairment of investments in equity accounted units [1] 0 (119)
Profit before finance items and taxation 17,993 5,929
Finance items    
Net exchange gains/(losses) on net external and intragroup debt balances 375 (165)
Net losses on derivatives not qualifying for hedge accounting (63) (206)
Finance income 42 104
Finance costs [2] (91) (169)
Amortisation of discount on provisions (207) (214)
Net finance income (expense) 56 (650)
Profit before taxation 18,049 5,279
Taxation (4,981) (1,828)
Profit after tax for the period 13,068 3,451
– attributable to Rio Tinto 12,313 3,316
– attributable to non-controlling interests $ 755 $ 135
Basic earnings per share (in USD per share) [3] $ 7.610 $ 2.050
Diluted earnings per share (in USD per share) [3] $ 7.561 $ 2.036
[1] Refer to Impairment charges note on pages F-13 and F-14.
[2] Finance costs in the income statement include hedging adjustments and are net of amounts capitalised of US$174 million (30 June 2020: US$175 million).
[3] For the purpose of calculating basic earnings per share, the weighted average number of Rio Tinto plc and Rio Tinto Limited shares outstanding during the period was 1,618.1 million (30 June 2020: 1,617.3 million), being the weighted average number of Rio Tinto plc shares outstanding of 1,246.9 million (30 June 2020: 1,246.5 million), plus the weighted average number of Rio Tinto Limited shares outstanding of 371.2 million (30 June 2020: 370.8 million). The profit figures used in the calculation of basic and diluted earnings per share are the profits attributable to owners of Rio Tinto. For the purpose of calculating diluted earnings per share, the effect of dilutive securities is added to the weighted average number of shares. This effect is calculated under the treasury stock method.