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Years ended 31 December
These Summary financial statements have been extracted from the full financial statements, which have been reported on by the auditors, and which will be filed with the United Kingdom Registrar of Companies and the Australian Securities and Investments Commission. The auditors’ report of the full financial statements is unqualified and does not contain a statement under either S498(2) or S498(3) of the UK Companies Act 2006. The Summary financial statements do not contain sufficient information to allow as full an understanding of the results and affairs of the Group and parent companies as is provided in the full financial statements. Copies of the 2011 Annual report and full financial statements may be obtained from these addresses.
| 2011 US$m | Restated(a) 2010 US$m |
|
|---|---|---|
| Continuing operations | ||
| Consolidated sales revenue | 60,537 | 55,171 |
| Net operating costs (excluding items shown separately) | (36,260) | (35,262) |
| Impairment charges less reversals | (9,174) | (982) |
| Gain on consolidation and on disposal of interests in businesses | 185 | 753 |
| Exploration and evaluation costs | (1,437) | (594) |
| Profits on disposal of interests in undeveloped projects | 89 | 522 |
| Operating profit | 13,940 | 19,608 |
| Share of profit after tax of equity accounted units | 704 | 1,101 |
| Impairment after tax of investments in equity accounted units | (592) | – |
| Profit before finance items and taxation | 14,052 | 20,709 |
| Finance items | (838) | (218) |
| Profit before taxation | 13,214 | 20,491 |
| Taxation | (6,439) | (5,296) |
| Profit from continuing operations | 6,775 | 15,195 |
| Loss after tax from discontinued operations | (10) | (97) |
| Profit for the year | 6,765 | 15,098 |
| – attributable to non-controlling interests | 939 | 860 |
| – attributable to owners of Rio Tinto (Net earnings) | 5,826 | 14,238 |
| Basic earnings/(loss) per share | ||
| Profit from continuing operations | 303.5c | 731.0c |
| Loss from discontinued operations | (0.5c) | (4.9c) |
| Profit for the year | 303.0c | 726.1c |
| Diluted earnings/(loss) per share | ||
| Profit from continuing operations | 301.5c | 726.7c |
| Loss from discontinued operations | (0.5c) | (4.9c) |
| Profit for the year | 301.0c | 721.8c |
| Dividends paid during the year (US$m) | 2,236 | 1,754 |
| Dividends per share: paid during the year | 117.0c | 90.0c |
| Dividends per share: declared in respect of the year | 91.0c | 63.0c |
- (a) The Financial statements for the year ended 31 December 2010 have been restated in accordance with IFRS 3 “Business Combinations” (Revised), following the reclassification of certain balances relating to the Consolidation of Oyu Tolgoi LLC.
