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Goodwill (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill [Abstract]  
Summary of goodwill
2024
US$m
2023
US$m
Net book value
At 1 January
797
826
Adjustment on currency translation
(45)
(29)
Company no longer consolidated
(25)
At 31 December
727
797
cost
14,959
16,237
accumulated impairment
(14,232)
(15,440)
At 1 January
cost
16,237
15,974
accumulated impairment
(15,440)
(15,148)
At 31 December, goodwill has been allocated as follows.
2024
US$m
2023
US$m
Net book value
Richards Bay Minerals
364
370
Pilbara
310
342
Dampier Salt
53
85
Total
727
797
Key assumptions calculation of fair value less costs of disposal The key assumptions to which the calculation of FVLCD for Richards Bay Minerals is most sensitive and the corresponding change in FVLCD
are set out below:
2024
US$m
2023
US$m
5% increase in the titanium slag price
144
217
1% increase in the discount rate applied to post-tax cash flows
(135)
(175)
10% strengthening of the South African rand
232
272