Page 232 - Annual Report 2020

5.2 BHP Group Plc

BHP Group Plc is required to present its unconsolidated parent company balance sheet and certain notes to the balance sheet on a stand-
alone basis as at 30 June 2020 and 2019. The BHP Group Plc Financial Statements have been prepared in accordance with Financial Reporting
Standard 101 ‘Reduced Disclosure Framework’ (FRS 101). Refer to note 1 ‘Principal accounting policies’ for information on the principal
accounting policies.

Parent company Financial Statements of BHP Group Plc

BHP Group Plc Balance Sheet as at 30 June 2020

2020 2019
Notes US$M US$M
ASSETS
Current assets
Trade and other receivables – Amounts owed by Group undertakings 2 6,283 8,258
6,283 8,258
Non-current assets
Investments in subsidiaries 3 3,131 3,131
Deferred tax assets 4 − −
3,131 3,131
Total assets 9,414 11,389
LIABILITIES
Current liabilities
Trade and other payables – Amounts owed to Group undertakings 5 (32) (38)
Provisions 6 − (2)
(32) (40)
Non-current liabilities
Pension liabilities 6, 7 (8) (9)
(8) (9)
Total liabilities (40) (49)
Net assets 9,374 11,340
Capital and reserves
Called up share capital 1,057 1,057
Share premium account 518 518
Capital redemption reserve 177 177
Profit and loss account 7,622 9,588
Total equity 9,374 11,340

The accompanying notes form part of these Parent company Financial Statements.
Profit after tax and total comprehensive income for the year amounted to US$1,054 million (2019: US$1,372 million). BHP Group Plc is exempt
from presenting an unconsolidated parent company profit and loss account and statement of comprehensive income in accordance with
section 408 of the UK Companies Act 2006.
The Parent company Financial Statements of BHP Group Plc, registration number 3196209, were approved by the Board of Directors
on 3 September 2020 and signed on its behalf by:

Ken MacKenzie Mike Henry
Chair Chief Executive Officer

230 BHP Annual Report 2020