Rio Tinto plc – Annual report – 31 December 2016
Industry: mining
21 Cash and cash equivalents
Cash and cash equivalents of US$358 million (2015: US$426 million) are held in countries where there are restrictions on remittances. Of this balance US$252 million (2015: US$311 million) could be used to repay subsidiaries’ third-party borrowings.
There are also restrictions on a further US$1,051 million (2015: US$802 million) of cash and cash equivalents, the majority of which is held by partially owned subsidiaries and is not available for use in the wider Group due to the legal and contractual restrictions currently in place. Of this balance US$766 million (2015: US$53 million) could be used to repay subsidiaries’ third-party borrowings.
Advertisements
