Page 229 - Annual Report 2020

Other items

35 Auditor’s remuneration Strategic Report

2020 2019 2018
US$M US$M US$M
Fees payable to the Group’s auditors for assurance services
Audit of the Group’s Annual Report 11.196 6.764 6.585
Audit of the accounts of subsidiaries, joint ventures and associates 1.262 5.127 5.369
Audit-related assurance services required by legislation to be provided by the auditor 1.815 1.358 1.363
Other assurance and agreed-upon procedures under legislation or contractual arrangements 2.003 1.266 10.533
Total assurance services 16.276 14.515 23.850
Fees payable to the Group’s auditors for non-assurance services
Other services 0.400 0.013 − Governance at BHP
Total other services 0.400 0.013 −
Total fees 16.676 14.528 23.850

In FY2020, all amounts were paid to EY or EY affiliated firms. Fees are determined, and predominantly billed, in US dollars.
In each of FY2019 and FY2018, all amounts were paid to KPMG or KPMG affiliated firms, being the Group’s auditors for these financial years.
Fees were determined in local currencies and predominantly billed in US dollars based on the exchange rate at the beginning of the relevant
financial year.
Fees payable to the Group’s auditors for assurance services
For all periods disclosed, no fees are payable in respect of the audit of pension funds. Remuneration Report
Audit of the Group’s Annual Report comprises fees for auditing the statutory financial report of the Group and includes audit work in relation
to compliance with section 404 of the US Sarbanes-Oxley Act.
Audit-related assurance services required by legislation to be provided by the auditors mainly comprises review of half-year reports.
Other assurance services comprise assurance in respect of the Group’s sustainability reporting, economic contribution reporting, and comfort
letters, and in FY2018, non-recurring fees in connection with the sale of the Onshore US oil and gas assets.
Fees payable to the Group’s auditors for other services
Other services comprise tax compliance services of US$0.269 million (2019: US$0.013 million; 2018: US$ nil) and tax advisory services
of US$0.131 million (2019: US$ nil; 2018: US$ nil). Directors’ Report

36 BHP Group Limited
BHP Group Limited does not present unconsolidated parent company Financial Statements. Selected financial information of the BHP Group
Limited parent company is as follows:

2020 2019
US$M US$M
Income statement information for the financial year 5
Profit after taxation for the year 8,881 5,820
Total comprehensive income 8,895 5,830
Balance sheet information as at the end of the financial year
Current assets 8,531 3,804
Total assets 53,772 49,111 Financial Statements
Current liabilities 1,526 1,724
Total liabilities 1,826 1,854
Share capital 823 823
Treasury shares (5) (30)
Reserves 224 203
Retained earnings 50,904 46,261
Total equity 51,946 47,257
Parent company guarantees
BHP Group Limited has guaranteed certain financing arrangements available to subsidiaries of US$13,404 million at 30 June 2020 Additional information
(2019: US$11,368 million).
Under the terms of a Deed Poll Guarantee, BHP Group Limited has guaranteed certain current and future liabilities of BHP Group Plc.
The guaranteed liabilities at 30 June 2020 amounted to US$8 million (2019: US$10 million).
BHP Group Limited and BHP Group Plc have severally, fully and unconditionally guaranteed the payment of the principal and premium,
if any, and interest, including certain additional amounts that may be payable in respect of the notes issued by 100 per cent owned finance
subsidiary, BHP Billiton Finance (USA) Ltd. BHP Group Limited and BHP Group Plc have guaranteed the payment of such amounts when
they become due and payable, whether on an interest payment date, at the stated maturity of the notes, by declaration or acceleration,
call for redemption or otherwise. The guaranteed liabilities at 30 June 2020 amounted to US$5,466 million (2019: US$8,716 million).
In addition, BHP Group Limited and BHP Group Plc have severally guaranteed a Group Revolving Credit Facility of US$5,500 million
(2019: US$6,000 million), which remains undrawn. Shareholder information

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