2007 Financial statements

Note 31 - Primary segmental analysis (by product group)

	2007 %	2006 %	2007 US$m	2006 US$m
Sales revenue
Iron Ore	29.6	30.9	8,799	6,938
Energy	15.0	18.1	4,454	4,070
Aluminium	23.8	15.5	7,055	3,493
Copper	17.6	19.6	5,238	4,396
Diamonds and Industrial Minerals	12.8	14.9	3,787	3,339
Other	1.2	1.0	367	229
Consolidated sales revenue	100.0	100.0	29,700	22,465
Share of equity accounted units			3,818	2,975
Gross sales revenue			33,518	25,440
Consolidated profit before finance items and taxation
Iron Ore (c)	47.6	42.9	4,083	3,847
Energy (c)	10.8	8.9	929	801
Aluminium (c)	9.5	11.9	813	1,069
Copper (c)	36.7	37.1	3,143	3,333
Diamonds and Industrial Minerals (c)	3.4	3.4	293	311
Exploration and evaluation	0.7	(1.1)	58	(101)
Other	(8.7)	(3.1)	(748)	(286)
Operating profit (segment result)	100.0	100.0	8,571	8,974
Share of profit after tax of equity accounted units
Copper			1,542	1,271
Other			42	107
Profit before finance items and taxation			10,155	10,352
Depreciation and amortisation (excluding share of equity accounted units)
Iron Ore	25.8	25.6	546	387
Energy	15.8	19.6	335	296
Aluminium	21.5	9.5	455	143
Copper	17.6	19.5	372	295
Diamonds and Industrial Minerals	16.5	23.6	349	356
Exploration and evaluation	0.2	0.2	4	3
Other	2.6	2.0	54	29
Product group total	100.0	100.0	2,115	1,509

The product groups shown above reflect the Group's management structure and are the Group's primary segments in accordance with IAS 14. The analysis deals with: the sales revenue, profit before finance costs and taxation, and depreciation and amortisation, for subsidiary companies and proportionally consolidated units. The amounts presented for each product group exclude equity accounted units, but include the amounts attributable to outside equity shareholders. The product groups are consistent with those identified in the financial information by business unit data included in Rio Tinto Financial information by business unit. However, that information includes the results of equity accounted units and presents different financial measures. The Alcan businesses are included within the Aluminium product group except for Packaging which is classified as held for sale at the year end.
As detailed below, the analysis of profit before finance costs and taxation includes the profit on disposal of interests in businesses (including investments) and impairment (charges)/reversals which are excluded from Underlying earnings.
An analysis of impairment (charges)/reversals reported in the operating income of each product group is shown below:

	2007 Total US$m	2006 Total US$m
Impairment (charges)/reversals by product group
Iron Ore	-	298
Energy	145	(188)
Aluminium	(9)	-
Copper	272	610
Diamonds and Industrial Minerals	(466)	(324)
	(58)	396

	2007 %	2006 %	2007 US$m	2006 US$m
Segment Assets (subsidiaries and proportionally consolidated units)
Iron Ore	16.4	33.8	13,634	10,151
Energy	6.7	16.5	5,588	4,965
Aluminium	61.6	12.9	51,192	3,863
Copper	6.0	16.0	5,012	4,814
Diamonds and Industrial Minerals	7.6	17.6	6,307	5,260
Other	1.7	3.2	1,353	959
Product group total	100.0	100.0	83,086	30,012
Equity accounted units (a)
Copper	25.3	58.0	1,873	1,385
Aluminium	72.2	36.8	5,346	878
Other	2.5	5.2	181	123
Total	100.0	100.0	7,400	2,386
Assets held for sale			7,024	-
Deferred tax assets			585	225
Current tax recoverable			256	214
Pension surpluses			736	360
Derivative assets			653	555
Cash and liquid resources			1,651	742
Total assets			101,391	34,494

Notes	Expand
The analysis of the Group's investment in equity accounted units includes loans to equity accounted units, which are shown separately on the face of the balance sheet.

	2007 %	2006 %	2007 US$m	2006 US$m
Segment Liabilities (subsidiaries and proportionally consolidated units)
Iron Ore	16.9	21.1	(2,358)	(1,467)
Energy	10.5	21.3	(1,462)	(1,480)
Aluminium	46.2	10.7	(6,450)	(745)
Copper	10.1	23.8	(1,406)	(1,653)
Diamonds and Industrial Minerals	7.6	12.6	(1,055)	(878)
Other	8.7	10.5	(1,231)	(730)
Total	100.0	100.0	(13,962)	(6,953)
Liabilities of disposal groups held for sale			(2,632)	-
Borrowings and bank overdrafts			(46,827)	(3,511)
Current tax payable			(560)	(1,110)
Deferred tax liabilities			(6,486)	(2,339)
Derivative liabilities			(1,325)	(426)
Provision for post retirement benefits			(3,275)	(770)
Total liabilities			(75,067)	(15,109)

		2007 %	2006 %	2007 US$m	2006 US$m
Capital additions (a)
Iron Ore		7.9	48.4	2,465	2,303
Energy		1.9	12.4	583	591
Aluminium		84.6	5.3	26,376	253
Copper		1.0	15.9	314	758
Diamonds and Industrial Minerals		3.3	14.4	1,027	688
Other		1.3	3.6	394	170
Total capital additions		100.0	100.0	31,159	4,763
	Note
Analysis of capital additions
Property, plant & equipment - cash expenditure				22,870	3,800
Capitalised closure costs and other provisions	13			293	619
Capitalised interest	13			122	60
Intangible assets - cash expenditure				7,667	120
Exploration & evaluation capitalised	12			203	72
Finance leases taken out				-	2
Movement in payables for capital expenditure				4	90
Capital additions per above				31,159	4,763

Notes	Expand
Capital additions represent the total cost incurred during the period to acquire the non current assets shown above, measured on an accruals basis, in accordance with IAS 14. Capital additions include the relevant non current assets of the acquired companies at the date of acquisition. These figures exclude capital additions of equity accounted units.