v3.25.2
Intangible assets
 12 Months Ended
Jun. 30, 2025
Text block 1 [Abstract]  
Intangible assets
12 Intangible assets
 
    
2025
      2024  
    
Goodwill
     
Other
intangibles
     
Total
      Goodwill     Other
intangibles		     Total  
    
US$M
     
US$M
     
US$M
      US$M     US$M     US$M  
Net book value
                
At the beginning of the financial year
   
 
1,341
 
   
 
377
 
   
 
1,718
 
      1,389       221       1,610  
Additions
   
 
–
 
   
 
160
 
   
 
160
 
      –       101       101  
Amortisation for the year
   
 
–
 
   
 
(111
)
   
 
(111
)
      –       (107 )      (107 ) 
Impairments for the year
1
   
 
–
 
   
 
(2
)
   
 
(2
)
      (50 )      (7 )      (57 ) 
Disposals
   
 
–
 
   
 
(17
)
   
 
(17
)
      –       (12 )      (12 ) 
Divestment of subsidiaries and operations
2
   
 
–
 
   
 
–
 
   
 
–
 
      –       (45 )      (45 ) 
Transfers and other movements
   
 
–
 
   
 
176
 
   
 
176
 
      2       226       228  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
At the end of the financial year
   
 
1,341
 
   
 
583
 
   
 
1,924
 
      1,341       377       1,718  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
– Cost
   
 
1,391
 
   
 
2,127
 
   
 
3,518
 
      1,391       1,798       3,189  
– Accumulated amortisation and impairments
   
 
(50
)
   
 
(1,544
)
   
 
(1,594
)
      (50 )      (1,421 )      (1,471 ) 
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
 
1
 
Refer to note 13 ‘Impairment of
non-current
assets’ for information on impairments.
 
2
 
Relates to the divestment of the Blackwater and Daunia mines completed on 2 April 2024.
Recognition and measurement
Goodwill
Where the fair value of the consideration paid for a business acquisition exceeds the fair value of the identifiable assets, liabilities and contingent liabilities acquired, the difference is treated as goodwill. Goodwill is not amortised and is measured at cost less any impairment losses.
Other intangibles
The Group capitalises amounts paid for the acquisition of identifiable intangible assets, such as software and licences, where it is considered that they will contribute to future periods through revenue generation or reductions in cost. These assets, classified as finite life intangible assets, are carried in the balance sheet at the fair value of consideration paid (cost) less accumulated amortisation and impairment charges. Intangible assets with finite useful lives are amortised on a straight-line basis over their useful lives. The
estimated useful lives are generally no greater than eight years.
Assets classified as held for sale are measured at the lower of their carrying amount and fair value less cost to sell and therefore not amortised.