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Group Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Consolidated operations      
Consolidated sales revenue $ 63,495 $ 44,611 $ 43,165
Net operating costs (excluding items shown separately) (32,690) (26,254) (27,307)
Impairment charges net of reversals (269) (904) (3,487)
Losses on disposal of interest in business 0 0 (291)
Exploration and evaluation costs (726) (625) (624)
Profit relating to interests in undeveloped projects 7 1 10
Operating profit 29,817 16,829 11,466
Share of profit after tax of equity accounted units 1,042 652 301
Impairment of investments in equity accounted units 0 (339) 0
Profit before finance items and taxation 30,859 17,142 11,767
Finance items      
Net exchange gains/(losses) on net external and intragroup debt balances 802 (1,124) 58
Net losses on derivatives not qualifying for hedge accounting (231) (123) (68)
Finance income 64 141 300
Finance costs (243) (268) (554)
Amortisation of discount on provisions (418) (377) (384)
Net finance income (expense) (26) (1,751) (648)
Profit before taxation 30,833 15,391 11,119
Taxation (8,258) (4,991) (4,147)
Profit after tax for the year 22,575 10,400 6,972
– attributable to owners of Rio Tinto (net earnings) 21,094 9,769 8,010
– attributable to non-controlling interests $ 1,481 $ 631 $ (1,038)
Basic earnings per share (in usd per share) $ 13.034 $ 6.040 $ 4.914
Diluted earnings per share (in usd per share) $ 12.95 $ 5.998 $ 4.878