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Group Cash Flow Statement (Parenthetical)
€ in Millions, $ in Millions
3 Months Ended 12 Months Ended
May 11, 2020
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2020
EUR (€)
Dec. 31, 2019
USD ($)
Cash flows from consolidated operations            
Profit after tax for the year     $ 22,575 $ 10,400   $ 6,972
Adjustments for:            
– Taxation     8,258 4,991   4,147
– Finance items     26 1,751   648
– Share of profit after tax of equity accounted units     (1,042) (652)   (301)
– Losses on disposal of interest in business     0 0   291
– Impairment charges of investments in equity accounted units after tax     0 339   0
– Impairment charges net of reversals     269 904   3,487
– Depreciation and amortisation     4,697 4,279   4,384
– Provisions (including exchange differences on provisions)     1,903 894   753
– Pension settlement     (291) 0   0
Utilisation of provisions     (771) (582)   (539)
Utilisation of provision for post-retirement benefits     (129) (192)   (205)
Change in inventories     (1,397) (281)   28
Change in receivables and other assets [1]     (367) (562)   163
Change in trade and other payables     685 558   (191)
Other items [2]     (480) (25)   68
Cash flows from consolidated operations [3]     33,936 21,822   19,705
Purchases of financial assets     45 5   43
Amount held in trust fund   $ 388 388 410    
Borrowings   13,531 13,531 13,831    
Buy-back of bonds     1,200      
Gain on recognition of a new wharf at Kitimat, Canada     336 0   0
Mongolia | Oyu Tolgoi            
Adjustments for:            
Payment for disputed tax matters     356      
Rio Tinto Finance (USA) plc Bonds 2.75% 2051            
Adjustments for:            
Borrowings   $ 1,225 $ 1,225 0    
Debt securities, fixed rate   2.75% 2.75%      
Rio Tinto Finance (USA) Limited Bonds 3.75% 2025            
Adjustments for:            
Borrowings   $ 0 $ 0 1,299    
Debt securities, fixed rate   3.75% 3.75%      
Rio Tinto Finance plc Euro Bonds 2.0% due 2020            
Adjustments for:            
Buy-back of bonds $ 526 $ 1,270     € 402  
Diavik            
Adjustments for:            
Group interest (%)     60.00%      
Energy Resources of Australia            
Adjustments for:            
Deposits into trust fund       299    
Fixed Income Instruments            
Adjustments for:            
Purchases of financial assets     $ 107 $ 58   $ 28
[1] In 2021, the Mongolian Tax Authority required payment by Oyu Tolgoi of US$356 million in relation to disputed tax matters. Oyu Tolgoi continues to dispute the matters and has classified amounts subject to international arbitration as prepayments pending resolution.
[2] At 31 December 2021, other items include US$336 million related to a gain on recognition of a new wharf at Kitimat, Canada with no associated cash flow.
[3]
(a) Cash flows from consolidated operations
Profit after tax for the year22,575 10,400 6,972 
Adjustments for:
– Taxation8,258 4,991 4,147 
– Finance items26 1,751 648 
– Share of profit after tax of equity accounted units(1,042)(652)(301)
– Losses on disposal of interest in business36 — 291 
– Impairment charges of investments in equity accounted units after tax6 339 — 
– Impairment charges net of reversals6269 904 3,487 
– Depreciation and amortisation4,697 4,279 4,384 
– Provisions (including exchange differences on provisions)1,903 894 753 
– Pension settlement25(291)— — 
Utilisation of provisions(771)(582)(539)
Utilisation of provision for post-retirement benefits25(129)(192)(205)
Change in inventories(1,397)(281)28 
Change in receivables and other assets(g)
(367)(562)163 
Change in trade and other payables685 558 (191)
Other items(h)
(480)(25)68 
33,936 21,822 19,705