Page 181 - Annual Report 2020

1 Segment reporting continued
Group and
Year ended 30 June 2019 unallocated Strategic Report
US$M items/
Restated Petroleum Copper Iron Ore Coal eliminations Group total
Revenue 5,853 10,838 17,251 9,121 1,225 44,288
Inter-segment revenue 77 − 4 − (81) −
Total revenue 5,930 10,838 17,255 9,121 1,144 44,288

Underlying EBITDA 4,061 4,550 11,129 4,067 (649) 23,158
Depreciation and amortisation (1,560) (1,835) (1,653) (632) (149) (5,829)
Impairment losses (1) (21) (128) (79) (35) (1) (264)
Underlying EBIT 2,480 2,587 9,397 3,400 (799) 17,065 Governance at BHP
Exceptional items (2) − − (971) − 19 (952)
Net finance costs (1,064)
Profit before taxation 15,049

Capital expenditure (cash basis) 645 2,735 1,611 655 604 6,250
(Loss)/profit from equity accounted investments,
related impairments and expenses (2) 303 (945) 103 (5) (546)
Investments accounted for using the equity method 239 1,472 − 853 5 2,569
Total assets 12,434 27,428 22,592 12,124 26,283 100,861 Remuneration Report
Total liabilities 4,102 3,340 5,106 2,450 34,039 49,037

Group and
Year ended 30 June 2018 unallocated
US$M items/
Restated Petroleum Copper Iron Ore Coal eliminations (3) Group total
Revenue 5,333 12,781 14,797 8,889 1,329 43,129
Inter-segment revenue 75 − 13 − (88) −
Total revenue 5,408 12,781 14,810 8,889 1,241 43,129 Directors’ Report

Underlying EBITDA 3,393 6,522 8,930 4,397 (59) 23,183
Depreciation and amortisation (1,719) (1,920) (1,721) (686) (242) (6,288)
Impairment losses (1) (76) (213) (14) (29) (1) (333)
Underlying EBIT 1,598 4,389 7,195 3,682 (302) 16,562
Exceptional items (2) − − (539) − (27) (566) 5
Net finance costs (1,245)
Profit before taxation 14,751

Capital expenditure (cash basis) 656 2,428 1,074 409 412 4,979
(Loss)/profit from equity accounted investments, related Financial Statements
impairments and expenses (4) 467 (509) 192 1 147
Investments accounted for using the equity method 249 1,335 − 883 6 2,473
Total assets 12,896 26,824 22,208 12,257 37,808 111,993
Total liabilities 3,977 3,145 3,888 2,404 37,909 51,323
(1) Impairment losses exclude exceptional items of US$409 million (FY2019: US$ nil; FY2018: US$ nil).
(2) Exceptional items reported in Group and unallocated include Samarco dam failure costs of US$(32) million (FY2019: US$(31) million; FY2018: US$(27) million)
and Samarco related other income of US$489 million (FY2019: US$50 million; FY2018: US$ nil). Refer to note 3 ‘Exceptional items’ for further information. Additional information
(3) Total assets and total liabilities include balances for the year ended 30 June 2018 relating to Onshore US assets. Shareholder information

BHP Annual Report 2020 179