2007 Financial statements

Note 15 - Net debt of equity accounted units (excluding amounts due Rio Tinto)

	Rio Tinto percentage 2007 %	Rio Tinto share of net debt 2007 US$m	Rio Tinto percentage 2006 %	Rio Tinto share of net debt 2006 US$m
Jointly controlled entities
Minera Escondida Limitada	30.0	285	30.0	300
Sohar Aluminium Company L.L.C.	20.0	205	-	-
Queensland Alumina Limited (QAL)	80.0	29	38.6	44
Halco Mining Inc.	45.0	39	-	-
Alcan Ningxia Aluminium Company Limited	50.0	39	-	-
Associates
Tisand (Pty) Limited	49.0	100	49.0	100
Port Waratah Coal Services	27.6	150	27.6	122
Mineração Rio do Norte S.A.	12.5	23	-	-
Other equity accounted units	-	(157)	-	(107)
		713		459


Notes	Expand
In accordance with IAS 28 and IAS 31, the Group includes its net investment in equity accounted units in its consolidated balance sheet. This investment is net of the Group's share of the net debt of such units, which is set out above. Some of the debt of equity accounted units is subject to financial and general covenants. US$255 million of the debt shown above is with recourse to Rio Tinto.