Edgar Filing: BHP BILLITON LTD

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FORM 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

July 22, 2015


BHP BILLITON LIMITED (ABN 49 004 028 077) (Exact name of Registrant as specified in its charter) VICTORIA, AUSTRALIA (Jurisdiction of incorporation or organisation)		BHP BILLITON PLC (REG. NO. 3196209) (Exact name of Registrant as specified in its charter) ENGLAND AND WALES (Jurisdiction of incorporation or organisation)

171 COLLINS STREET, MELBOURNE, VICTORIA 3000 AUSTRALIA (Address of principal executive offices)		NEATHOUSE PLACE, VICTORIA, LONDON, UNITED KINGDOM (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: x Form 20-F ¨ Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: ¨ Yes x No

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a


		BHP Billiton Limited		BHP Billiton Plc
		171 Collins Street		Neathouse Place
		Melbourne Victoria 3000 Australia		London SW1V 1LH UK
		GPO BOX 86		Tel +44 20 7802 4000
		Melbourne Victoria 3001 Australia		Fax + 44 20 7802 4111
		Tel +61 1300 55 47 57 Fax +61 3 9609 3015		bhpbilliton.com
		bhpbilliton.com

22 July 2015


To:	Australian Securities Exchange	cc:	New York Stock Exchange
	London Stock Exchange		JSE Limited

REPUBLISHED FINANCIAL AND SUPPLEMENTARY INFORMATION

BHP Billiton today republished financial information for the year ended 30 June 2014, the year ended 30 June 2013 and half year ended 31 December 2014 to restate previously published information for the effect of the application of IFRS 5/AASB 5 ‘Non-current Assets Held for Sale and Discontinued Operations’ following the demerger of South32. Supplementary financial information has been republished for the year ended 30 June 2014 and half year ended 31 December 2014.

BHP Billiton’s financial results for the year ended 30 June 2015 will be reported on 25 August 2015.

Further information on BHP Billiton can be found at: www.bhpbilliton.com.

LOGO

Rachel Agnew

Company Secretary


BHP Billiton Limited ABN 49 004 028 077		BHP Billiton Plc Registration number 3196209
Registered in Australia		Registered in England and Wales
Registered Office: 171 Collins Street Melbourne Victoria 3000		Registered Office: Neathouse Place, London SW1V 1LH United Kingdom

The BHP Billiton Group is headquartered in Australia

LOGO

Bhpbilliton
resourcing the future
BHP Billiton Group
Restated financial information
For the year ended 30 June 2014, the year ended 30 June 2013 and half year ended 31 December 2014

BHP Billiton restated financial information

Contents


	Page
Restated financial information

Basis of preparation of restated financial information		3

Consolidated Income Statement – Restated		4

Consolidated Statement of Comprehensive Income		5

Consolidated Balance Sheet		6

Consolidated Cash Flow Statement – Restated		7

Consolidated Statement of Changes in Equity		8

Restated supplementary financial information		11

BHP Billiton restated financial information

Basis of preparation of restated financial information

This financial information for the year ended 30 June 2014, the year ended 30 June 2013 and half year ended 31 December 2014 for the BHP Billiton Group (the Group) is not audited and has been prepared to restate previously published information for the effects of the application of IFRS 5/AASB 5 ‘Non-current Assets Held for Sale and Discontinued Operations’ following the demerger of South32. The nature of each change reflected in the attached restated financial information is as follows:

•

All income and expense items relating to South32 have been removed from the individual line items in the Consolidated Income Statement. The post-tax profit or loss of South32 is presented as a single amount in the line item entitled “Profit/(loss) after taxation from discontinued operations”; and

•

All cash flows and other items relating to South32 have been removed from the individual line items in the Consolidated Cash Flow Statement. The net cash flows attributable to the operating, investing and financing activities of South32 are each disclosed in single amounts in each section of the Consolidated Cash Flow Statement.

The Consolidated Balance Sheet, the Consolidated Statement of Comprehensive Income and the Consolidated Statement of Changes in Equity for these periods are not required to be restated.

BHP Billiton restated financial information

Consolidated Income Statement – Restated


	Year ended 30 June 2014			Year ended 30 June 2013			Half year ended 31 Dec 2014
	US$M			US$M			US$M
*Continuing operations*
Revenue
Group production		55,045			52,637			24,230
Third party products		1,717			1,223			630

Revenue		56,762			53,860			24,860
Other income		1,225			3,804			284
Expenses excluding net finance costs		(36,523	)		(36,829	)		(17,549	)
Share of operating profit of equity accounted investments		1,185			1,142			335

Profit from operations		22,649			21,977			7,930


Comprising:
Group production		22,634			21,913			7,929
Third party products		15			64			1

		22,649			21,977			7,930


Financial income		81			80			41
Financial expenses		(995	)		(1,229	)		(275	)

Net finance costs		(914	)		(1,149	)		(234	)



Profit before taxation		21,735			20,828			7,696


Income tax expense		(6,266	)		(5,646	)		(2,456	)
Royalty-related taxation (net of income tax benefit)		(514	)		(1,050	)		(848	)

Total taxation expense		(6,780	)		(6,696	)		(3,304	)



Profit after taxation from continuing operations		14,955			14,132			4,392

Profit/(loss) after taxation from discontinued operations		269			(1,312	)		401

Profit after taxation		15,224			12,820			4,793

Attributable to non-controlling interests		1,392			1,597			528
Attributable to members of BHP Billiton Group		13,832			11,223			4,265


Earnings per ordinary share (basic) (US cents)		260.0			210.9			80.2
Earnings per ordinary share (diluted) (US cents)		259.1			210.2			80.0
Earnings from continuing operations per ordinary share (basic) (US cents)		256.5			238.6			73.6
Earnings from continuing operations per ordinary share (diluted) (US cents)		255.7			237.8			73.4


Dividends per ordinary share – paid during the period (US cents)		118.0			114.0			62.0
Dividends per ordinary share – determined in respect of the period (US cents)		121.0			116.0			62.0

BHP Billiton restated financial information

Consolidated Statement of Comprehensive Income


	Year ended 30 June 2014			Year ended 30 June 2013			Half year ended 31 Dec 2014
	US$M			US$M			US$M

Profit after taxation		15,224			12,820			4,793

Other comprehensive income
Items that may be reclassified subsequently to the income statement:
Available for sale investments:
Net valuation losses taken to equity		(15	)		(101	)		(19	)
Net valuation gains transferred to the income statement		(14	)		(1	)		(1	)
Cash flow hedges:
Gains/(losses) taken to equity		681			223			(1,296	)
(Gains)/losses transferred to the income statement		(678	)		73			1,283
Exchange fluctuations on translation of foreign operations taken to equity		(1	)		2			(2	)
Tax recognised within other comprehensive income		3			(76	)		6

Total items that may be reclassified subsequently to the income statement		(24	)		120			(29	)


Items that will not be reclassified to the income statement:
Actuarial gains/(losses) on pension and medical schemes		57			61			(29	)
Tax recognised within other comprehensive income		12			(16	)		13

Total items that will not be reclassified to the income statement		69			45			(16	)



Total other comprehensive income/(loss)		45			165			(45	)



Total comprehensive income		15,269			12,985			4,748

Attributable to non-controlling interests		1,392			1,599			533
Attributable to members of BHP Billiton Group		13,877			11,386			4,215

BHP Billiton restated financial information

Consolidated Balance Sheet


	30 June 2014			30 June 2013			31 Dec 2014
	US$M			US$M			US$M

ASSETS
Current assets
Cash and cash equivalents		8,803			5,677			6,130
Trade and other receivables		6,741			6,310			5,584
Other financial assets		87			161			81
Inventories		6,013			5,821			6,149
Assets classified as held for sale		—			286			—
Current tax assets		318			267			630
Other		334			431			327

Total current assets		22,296			18,953			18,901

Non-current assets
Trade and other receivables		1,867			1,998			1,716
Other financial assets		2,349			1,719			2,150
Inventories		463			619			476
Property, plant and equipment		108,787			100,565			108,771
Intangible assets		5,439			5,496			5,289
Investments accounted for using the equity method		3,664			3,675			3,550
Deferred tax assets		6,396			6,069			5,080
Other		152			84			148

Total non-current assets		129,117			120,225			127,180

Total assets		151,413			139,178			146,081


LIABILITIES
Current liabilities
Trade and other payables		10,145			10,860			8,338
Interest bearing liabilities		4,262			5,088			2,459
Liabilities classified as held for sale		—			220			—
Other financial liabilities		16			210			14
Current tax payable		919			1,158			407
Provisions		2,504			2,372			1,943
Deferred income		218			231			189

Total current liabilities		18,064			20,139			13,350

Non-current liabilities
Trade and other payables		113			286			77
Interest bearing liabilities		30,327			28,099			28,610
Other financial liabilities		303			582			559
Deferred tax liabilities		7,066			6,312			7,493
Provisions		9,891			8,178			9,467
Deferred income		267			291			275

Total non-current liabilities		47,967			43,748			46,481

Total liabilities		66,031			63,887			59,831

Net assets		85,382			75,291			86,250


EQUITY
Share capital – BHP Billiton Limited		1,186			1,186			1,186
Share capital – BHP Billiton Plc		1,069			1,069			1,057
Treasury shares		(587	)		(540	)		(230	)
Reserves		2,927			1,970			2,842
Retained earnings		74,548			66,982			74,990

Total equity attributable to members of BHP Billiton Group		79,143			70,667			79,845
Non-controlling interests		6,239			4,624			6,405

Total equity		85,382			75,291			86,250

BHP Billiton restated financial information

Consolidated Cash Flow Statement – Restated


	Year ended 30 June 2014			Year ended 30 June 2013			Half year ended 31 Dec 2014
	US$M			US$M			US$M
Operating activities
Profit before taxation		21,735			20,828			7,696
Adjustments for:
Non-cash or non-operating exceptional items		(551	)		(331	)		409
Depreciation and amortisation expense		7,716			6,067			4,401
Net gain on sale of non-current assets		(73	)		(17	)		(33	)
Impairments of property, plant and equipment, financial assets and intangibles		478			344			361
Employee share awards expense		247			210			116
Net finance costs		914			1,149			234
Share of operating profit of equity accounted investments		(1,185	)		(1,142	)		(335	)
Other		(79	)		5			85
Changes in assets and liabilities:
Trade and other receivables		(349	)		904			1,008
Inventories		(158	)		(276	)		(189	)
Trade and other payables		238			(239	)		(1,210	)
Net other financial assets and liabilities		(90	)		89			(8	)
Provisions and other liabilities		475			(565	)		(589	)

Cash generated from operations		29,318			27,026			11,946
Dividends received		14			6			4
Dividends received from equity accounted investments		1,250			710			476
Interest received		120			112			45
Interest paid		(915	)		(960	)		(310	)
Income tax refunded		848			—			329
Income tax paid		(6,123	)		(6,921	)		(2,013	)
Royalty-related taxation refunded		216			—			—
Royalty-related taxation paid		(1,088	)		(956	)		(861	)

Net operating cash flows from continuing operations		23,640			19,017			9,616

Net operating cash flows from discontinued operations		1,724			1,137			807

Net operating cash flows		25,364			20,154			10,423

Investing activities
Purchases of property, plant and equipment		(15,224	)		(21,104	)		(6,361	)
Exploration expenditure		(986	)		(1,321	)		(409	)
Exploration expenditure expensed and included in operating cash flows		698			1,026			350
Purchase of intangibles		(192	)		(380	)		(64	)
Investment in financial assets		(1,168	)		(455	)		(18	)
Investment in equity accounted investments		(44	)		(84	)		(25	)

Cash outflows from investing activities		(16,916	)		(22,318	)		(6,527	)
Proceeds from sale of property, plant and equipment		66			2,274			41
Proceeds from financial assets		904			221			333
Proceeds from divestment of subsidiaries, operations and joint operations, net of their cash		812			502			251
Proceeds from sale or partial sale of equity accounted investments		—			1,700			—

Net investing cash flows from continuing operations		(15,134	)		(17,621	)		(5,902	)

Net investing cash flows from discontinued operations		(700	)		(1,105	)		(415	)

Net investing cash flows		(15,834	)		(18,726	)		(6,317	)

Financing activities
Proceeds from interest bearing liabilities		6,000			9,143			341
Proceeds from debt related instruments		37			14			—
Repayment of interest bearing liabilities		(7,048	)		(1,902	)		(2,953	)
Proceeds from ordinary shares		14			12			3
Contributions from non-controlling interests		1,435			73			46
Purchase of shares by Employee Share Ownership Plan (ESOP) Trusts		(368	)		(445	)		(338	)
Dividends paid		(6,387	)		(6,167	)		(3,209	)
Dividends paid to non-controlling interests		(119	)		(778	)		(327	)

Net financing cash flows from continuing operations		(6,436	)		(50	)		(6,437	)

Net financing cash flows from discontinued operations		(32	)		(148	)		(322	)

Net financing cash flows		(6,468	)		(198	)		(6,759	)

Net increase/(decrease) in cash and cash equivalents		3,062			1,230			(2,653	)
Cash and cash equivalents, net of overdrafts, at beginning of period		5,667			4,454			8,752
Effect of foreign currency exchange rate changes on cash and cash equivalents		23			(17	)		19

Cash and cash equivalents, net of overdrafts, at end of period		8,752			5,667			6,118

BHP Billiton restated financial information

Consolidated Statement of Changes in Equity


For the year ended 30 June 2014 US$M	Attributable to members of the BHP Billiton Group																Non- controlling interests			Total equity
For the year ended 30 June 2014 US$M	Share capital – BHP Billiton Limited		Share capital – BHP Billiton Plc		Treasury shares			Reserves			Retained earnings			Total equity attributable to members of BHP Billiton Group			Non- controlling interests			Total equity

Balance as at 1 July 2013		1,186		1,069		(540	)		1,970			66,982			70,667			4,624			75,291

Profit after taxation		—		—		—			—			13,832			13,832			1,392			15,224
Other comprehensive income:
Net valuation losses on available for sale investments taken to equity		—		—		—			(15	)		—			(15	)		—			(15	)
Net valuation gains on available for sale investments transferred to the income statement		—		—		—			(14	)		—			(14	)		—			(14	)
Gains on cash flow hedges taken to equity		—		—		—			681			—			681			—			681
Gains on cash flow hedges transferred to the income statement		—		—		—			(678	)		—			(678	)		—			(678	)
Exchange fluctuations on translation of foreign operations taken to equity		—		—		—			(1	)		—			(1	)		—			(1	)
Actuarial gains on pension and medical schemes		—		—		—			—			57			57			—			57
Tax recognised within other comprehensive income		—		—		—			3			12			15			—			15

Total comprehensive income		—		—		—			(24	)		13,901			13,877			1,392			15,269

Transactions with owners:
Purchase of shares by ESOP Trusts		—		—		(368	)		—			—			(368	)		—			(368	)
Employee share awards exercised net of employee contributions		—		—		321			(221	)		(91	)		9			—			9
Employee share awards forfeited		—		—		—			(32	)		32			—			—			—
Accrued employee entitlement for unexercised awards		—		—		—			247			—			247			—			247
Distribution to option holders		—		—		—			(2	)		—			(2	)		(2	)		(4	)
Dividends		—		—		—			—			(6,276	)		(6,276	)		(252	)		(6,528	)
Equity contributed		—		—		—			989			—			989			477			1,466

Balance as at 30 June 2014		1,186		1,069		(587	)		2,927			74,548			79,143			6,239			85,382

BHP Billiton restated financial information

Consolidated Statement of Changes in Equity


For the year ended 30 June 2013 US$M	Attributable to members of the BHP Billiton Group																Non- controlling interests			Total equity
For the year ended 30 June 2013 US$M	Share capital – BHP Billiton Limited		Share capital – BHP Billiton Plc		Treasury shares			Reserves			Retained earnings			Total equity attributable to members of BHP Billiton Group			Non- controlling interests			Total equity

Balance as at 1 July 2012		1,186		1,069		(533	)		1,912			61,892			65,526			3,789			69,315

Profit after taxation		—		—		—			—			11,223			11,223			1,597			12,820
Other comprehensive income:
Net valuation (losses)/gains on available for sale investments taken to equity		—		—		—			(103	)		—			(103	)		2			(101	)
Net valuation gains on available for sale investments transferred to the income statement		—		—		—			(1	)		—			(1	)		—			(1	)
Gains on cash flow hedges taken to equity		—		—		—			223			—			223			—			223
Losses on cash flow hedges transferred to the income statement		—		—		—			73			—			73			—			73
Exchange fluctuations on translation of foreign operations taken to equity		—		—		—			2			—			2			—			2
Actuarial gains on pension and medical schemes		—		—		—			—			60			60			1			61
Tax recognised within other comprehensive income		—		—		—			(117	)		26			(91	)		(1	)		(92	)

Total comprehensive income		—		—		—			77			11,309			11,386			1,599			12,985

Transactions with owners:
Purchase of shares by ESOP Trusts		—		—		(445	)		—			—			(445	)		—			(445	)
Employee share awards exercised net of employee contributions		—		—		438			(243	)		(178	)		17			—			17
Employee share awards forfeited		—		—		—			(17	)		17			—			—			—
Accrued employee entitlement for unexercised awards		—		—		—			210			—			210			—			210
Issue of share options to non-controlling interests		—		—		—			49			—			49			—			49
Dividends		—		—		—			—			(6,076	)		(6,076	)		(837	)		(6,913	)
Equity contributed		—		—		—			—			—			—			73			73
Divestment of equity accounted investment		—		—		—			(18	)		18			—			—			—

Balance as at 30 June 2013		1,186		1,069		(540	)		1,970			66,982			70,667			4,624			75,291

BHP Billiton restated financial information

Consolidated Statement of Changes in Equity


For the half year ended 31 December 2014 US$M	Attributable to members of the BHP Billiton Group																	Non- controlling interests			Total equity
For the half year ended 31 December 2014 US$M	Share capital – BHP Billiton Limited		Share capital – BHP Billiton Plc			Treasury shares			Reserves			Retained earnings			Total equity attributable to members of BHP Billiton Group			Non- controlling interests			Total equity

Balance as at 1 July 2014		1,186		1,069			(587	)		2,927			74,548			79,143			6,239			85,382

Profit after taxation		—		—			—			—			4,265			4,265			528			4,793
Other comprehensive income:
Net valuation (losses)/gains on available for sale investments taken to equity		—		—			—			(25	)		—			(25	)		6			(19	)
Net valuation gains on available for sale investments transferred to the income statement		—		—			—			(1	)		—			(1	)		—			(1	)
Losses on cash flow hedges taken to equity		—		—			—			(1,296	)		—			(1,296	)		—			(1,296	)
Losses on cash flow hedges transferred to the income statement		—		—			—			1,283			—			1,283			—			1,283
Exchange fluctuations on translation of foreign operations taken to equity		—		—			—			(2	)		—			(2	)		—			(2	)
Actuarial losses on pension and medical schemes		—		—			—			—			(29	)		(29	)		—			(29	)
Tax recognised within other comprehensive income		—		—			—			7			13			20			(1	)		19

Total comprehensive income		—		—			—			(34	)		4,249			4,215			533			4,748

Transactions with owners:
Shares cancelled		—		(12	)		501			12			(501	)		—			—			—
Purchase of shares by ESOP Trusts		—		—			(338	)		—			—			(338	)		—			(338	)
Employee share awards exercised net of employee contributions		—		—			194			(174	)		(18	)		2			—			2
Employee share awards forfeited		—		—			—			(4	)		4			—			—			—
Accrued employee entitlement for unexercised awards		—		—			—			116			—			116			—			116
Distribution to option holders		—		—			—			(1	)		—			(1	)		(1	)		(2	)
Dividends		—		—			—			—			(3,292	)		(3,292	)		(412	)		(3,704	)
Equity contributed		—		—			—			—			—			—			46			46

Balance as at 31 December 2014		1,186		1,057			(230	)		2,842			74,990			79,845			6,405			86,250

BHP Billiton restated supplementary financial information

Restated supplementary financial information

For the year ended 30 June 2014 and the half year ended 31 December 2014

The following pages present the supplementary financial information for the year ended 30 June 2014 and the half year ended 31 December 2014 restated for the effect of the application of IFRS 5/AASB 5 ‘Non-current Assets Held for Sale and Discontinued Operations’ following the demerger of South32.

The following notes and definitions are relevant to the tables on the following pages:

•

All information is reported on a continuing operations basis;

•

Revenue is based on BHP Billiton Group (“Group”) realised prices and includes third party products;

•

Underlying EBIT is earnings before net finance costs, taxation expense, discontinued operations and any exceptional items;

•

Underlying EBITDA is Underlying EBIT before depreciation, amortisation and impairments (D&A);

•

Group and Business level information is reported on a statutory basis which, in relation to Underlying EBIT, includes net finance costs and taxation expense related to equity accounted investments;

•

Within each Business table, equity accounted investments are reported on a proportionate consolidation basis (with the exception of net operating assets);

•

Capital expenditure is presented on a cash basis and excludes capitalised interest and capitalised exploration;

•

Net operating assets represents operating assets net of operating liabilities including the carrying value of equity accounted investments and predominantly excludes cash balances, interest bearing liabilities and deferred tax balances. The carrying value of investments accounted for using the equity accounted method represents the balance of the Group’s investment in equity accounted investments, with no adjustment for any cash balances, interest bearing liabilities and deferred tax balances of the equity accounted investment; and

•

Group and unallocated items, as disclosed in the Business summary table, includes Nickel West information previously disclosed in the former Aluminium, Manganese and Nickel Business table.

BHP Billiton restated supplementary financial information

Business summary ⁽ⁱ⁾

A summary of the performance of the Businesses for the December 2014 half year and the June 2014 financial year is presented below.


Half year ended 31 December 2014 US$ million	Revenue ⁽ⁱⁱ⁾			Underlying EBIT ⁽ⁱⁱⁱ⁾			Exceptional items			Profit from operations (EBIT)			Net operating assets		Capital expenditure^(iv)		Exploration gross ^(v)		Exploration to profit ^(vi)
Petroleum and Potash		6,936			2,144			—			2,144			38,989		2,825		269		257
Copper		5,781			2,046			—			2,046			23,035		1,897		41		41
Iron Ore		8,418			4,200			—			4,200			24,433		1,104		71		16
Coal		3,143			139			—			139			12,241		478		12		12
Group and unallocated items ^(vii)		820			(190	)		(409	)		(599	)		845		57		16		16
Inter-segment adjustment		(238	)		—			—			—			—		—		—		—

BHP Billiton Group		24,860			8,339			(409	)		7,930			99,543		6,361		409		342


Year ended 30 June 2014 US$ million	Revenue ⁽ⁱⁱ⁾			Underlying EBIT ⁽ⁱⁱⁱ⁾			Exceptional items			Profit from operations (EBIT)			Net operating assets		Capital expenditure ^(iv)		Exploration gross ^(v)		Exploration to profit ^(vi)
Petroleum and Potash		14,833			5,287			—			5,287			39,514		6,423		647		544
Copper		12,789			4,668			551			5,219			21,997		3,697		111		111
Iron Ore		21,356			12,102			—			12,102			23,390		2,949		169		56
Coal		6,563			575			—			575			11,909		1,971		29		29
Group and unallocated items ^(vii)		1,696			(534	)		—			(534	)		1,232		184		30		30
Inter-segment adjustment		(475	)		—			—			—			—		—		—		—

BHP Billiton Group		56,762			22,098			551			22,649			98,042		15,224		986		770

(i)	Group and business level information is reported on a statutory basis which, in relation to Underlying EBIT, includes net finance costs and taxation expense related to equity accounted investments.

(ii)	Revenue is based on Group realised prices and includes third party products. Sale of third party products by the Group contributed revenue of US$630 million and Underlying EBIT of US$1 million (30 June 2014: US$1,717 million and US$15 million).

(iii)

Underlying EBIT is earnings before net finance costs, taxation expense, discontinued operations and any exceptional items. Underlying EBIT includes the Group’s share of net finance costs and taxation expense of US$270 million related to equity accounted investments (30 June 2014: net finance costs and taxation expense of US$528 million).

(iv)	Capital expenditure is presented on a cash basis and excludes capitalised interest and capitalised exploration.

(v)	Includes US$59 million capitalised exploration (30 June 2014: US$288 million).

(vi)	Includes a net reversal of US$8 million exploration expenditure previously capitalised, written off as impaired (included in depreciation and amortisation) (30 June 2014: US$72 million exploration expenditure previously capitalised, written off as impaired).

(vii)

Includes Group Functions, Nickel West (previously disclosed in the former Aluminium, Manganese and Nickel Business), other unallocated operations, consolidation adjustments and external sales of freight and fuel to third parties. Includes Nickel West revenue US$792 million (30 June 2014: US$1,605 million), Underlying EBIT US$6 million (30 June 2014: (US$208) million) including depreciation and amortisation US$65 million (30 June 2014: US$117 million), exceptional items (US$409) million (30 June 2014: nil), Profit from operations (EBIT) (US$403) million (30 June 2014: (US$208) million), net operating assets US$80 million (30 June 2014: US$534 million), capital expenditure US$55 million (30 June 2014: US$163 million).

BHP Billiton restated supplementary financial information

Financial information for the Petroleum and Potash Business for the December 2014 half year and the June 2014 financial year is presented below.


Half year ended 31 December 2014 US$ million	Revenue ⁽ⁱ⁾			Underlying EBITDA			D&A			Underlying EBIT			Net operating assets			Capital expenditure		Exploration gross ⁽ⁱⁱ⁾		Exploration to profit ⁽ⁱⁱⁱ⁾
Bass Strait		860			719			72			647			3,040			191
North West Shelf		1,157			860			101			759			1,892			71
Atlantis		701			641			192			449			2,196			174
Shenzi		611			555			147			408			1,435			97
Mad Dog		105			51			15			36			578			48
Onshore US^(iv)		2,380			1,385			1,747			(362	)		26,329			1,923
Algeria		203			171			19			152			106			11
UK		21			14			32			(18	)		(89	)		—
Exploration		—			(244	)		43			(287	)		531			—
Other ^(v)		862			699			246			453			1,466			89

Total Petroleum		6,900			4,851			2,614			2,237			37,484			2,604		268		256

Potash		—			(109	)		3			(112	)		2,507			221		1		1
Other ^(vi)		—			19			—			19			(1,002	)		—		—		—

Total Petroleum and Potash from Group production		6,900			4,761			2,617			2,144			38,989			2,825		269		257

Third party products		44			—			—			—			—			—

Total Petroleum and Potash		6,944			4,761			2,617			2,144			38,989			2,825		269		257

Statutory adjustments ^(vii)		(8	)		(2	)		(2	)		—			—			—		—		—

Total Petroleum and Potash statutory result		6,936			4,759			2,615			2,144			38,989			2,825		269		257


Year ended 30 June 2014 US$ million	Revenue ⁽ⁱ⁾			Underlying EBITDA			D&A			Underlying EBIT			Net operating assets			Capital expenditure		Exploration gross ⁽ⁱⁱ⁾		Exploration to profit ⁽ⁱⁱⁱ⁾
Bass Strait		1,885			1,555			132			1,423			2,864			259
North West Shelf ^(viii)		2,432			1,599			175			1,424			1,691			193
Atlantis		1,535			1,407			335			1,072			2,272			409
Shenzi		1,430			1,281			243			1,038			1,598			306
Mad Dog		217			171			16			155			461			83
Onshore US		4,264			2,270			2,426			(156	)		26,945			4,226
Algeria		465			396			30			366			104			19
UK ^(ix)		155			70			52			18			(38	)		15
Exploration		—			(369	)		113			(482	)		464			—
Other ^(v)		2,027			1,744			735			1,009			1,907			369

Total Petroleum		14,410			10,124			4,257			5,867			38,268			5,879		600		497

Potash		—			(211	)		74			(285	)		2,255			544		47		47
Other ^(vi)		—			(298	)		—			(298	)		(1,009	)		—		—		—

Total Petroleum and Potash from Group production		14,410			9,615			4,331			5,284			39,514			6,423		647		544

Third party products		437			3			—			3			—			—

Total Petroleum and Potash		14,847			9,618			4,331			5,287			39,514			6,423		647		544

Statutory adjustments ^(vii)		(14	)		(3	)		(3	)		—			—			—		—		—

Total Petroleum and Potash statutory result		14,833			9,615			4,328			5,287			39,514			6,423		647		544

(i)

Petroleum revenue from Group production includes: crude oil US$4,001 million (30 June 2014: US$8,645 million), natural gas US$1,439 million (30 June 2014: US$3,119 million), LNG US$833 million (30 June 2014: US$1,614 million), NGL US$429 million (30 June 2014: US$916 million) and other US$190 million (30 June 2014: US$102 million).

(ii)	Includes US$24 million of capitalised exploration (30 June 2014: US$231 million).

(iii)

Includes US$12 million of exploration expenditure previously capitalised, written off as impaired (included in depreciation and amortisation) (30 June 2014: US$128 million).

(iv)	Includes US$328 million of impairments as a result of the divestment of assets in North Louisiana and the Pecos field in the Permian.

(v)

Includes Macedon, Pyrenees, Stybarrow, Neptune, Minerva, Angostura, Genesis, Pakistan, divisional activities and business development. Also includes the Caesar oil pipeline and the Cleopatra gas pipeline which are equity accounted investments and are reported on a proportionate consolidation basis (with the exception of net operating assets).

BHP Billiton restated supplementary financial information

(vi)	Includes closed mining and smelting operations in Canada and the United States.

(vii)

Includes statutory adjustments for the Caesar oil pipeline and the Cleopatra gas pipeline to reconcile the proportionately consolidated business total to the statutory result.

(viii)

Includes an expense of US$143 million incurred in May 2014 related to the purchase price adjustment for the Browse Asset sale completed in the 2013 financial year.

(ix)	Includes an expense of US$112 million incurred in November 2013 related to the closure of the UK pension plan. Also includes a gain of US$120 million related to the sale of the Liverpool Bay Asset in March 2014.

BHP Billiton restated supplementary financial information

Financial information for the Copper Business for the December 2014 half year and the June 2014 financial year is presented below.


Half year ended 31 December 2014 US$ million	Revenue			Underlying EBITDA			D&A			Underlying EBIT			Net operating assets			Capital expenditure			Exploration gross			Exploration to profit
Escondida ⁽ⁱ⁾		3,720			2,127			418			1,709			12,862			1,671
Pampa Norte ⁽ⁱⁱ⁾		794			447			222			225			2,400			95
Antamina ⁽ⁱⁱⁱ⁾		467			250			52			198			1,391			101
Olympic Dam		797			138			132			6			6,408			131
Other ^(iii) (iv)		—			(58	)		4			(62	)		(26	)		—

Total Copper from Group production		5,778			2,904			828			2,076			23,035			1,998

Third party products		470			11			—			11			—			—

Total Copper		6,248			2,915			828			2,087			23,035			1,998			42			42

Statutory adjustments ^(v)		(467	)		(94	)		(53	)		(41	)		—			(101	)		(1	)		(1	)

Total Copper statutory result		5,781			2,821			775			2,046			23,035			1,897			41			41


Year ended 30 June 2014 US$ million	Revenue			Underlying EBITDA			D&A			Underlying EBIT			Net operating assets			Capital expenditure			Exploration gross			Exploration to profit
Escondida ⁽ⁱ⁾		8,085			4,754			760			3,994			11,779			3,186
Pampa Norte ⁽ⁱⁱ⁾		1,796			785			429			356			2,575			336
Antamina ⁽ⁱⁱⁱ⁾		1,261			818			84			734			1,341			262
Olympic Dam		1,777			299			265			34			6,320			167
Other ^(iii) (iv)		101			(193	)		7			(200	)		(18	)		13

Total Copper from Group production		13,020			6,463			1,545			4,918			21,997			3,964

Third party products		1,030			8			—			8			—			—

Total Copper		14,050			6,471			1,545			4,926			21,997			3,964			113			113

Statutory adjustments^(v)		(1,261	)		(344	)		(86	)		(258	)		—			(267	)		(2	)		(2	)

Total Copper statutory result		12,789			6,127			1,459			4,668			21,997			3,697			111			111

(i)	Escondida is consolidated under IFRS 10 and reported on a 100 per cent basis.

(ii)	Includes Spence and Cerro Colorado.

(iii)

Antamina and Resolution are equity accounted investments and are reported on a proportionate consolidation basis (with the exception of net operating assets).

(iv)	Predominantly comprises divisional activities, greenfield exploration, business development and ceased and sold operations. Includes Pinto Valley and Resolution. Pinto Valley was sold effective 11 October 2013.

(v)

Includes statutory adjustments for Antamina and Resolution to reconcile the proportionately consolidated business total to the statutory result. Statutory Underlying EBIT includes net finance costs and taxation expense of US$41 million (30 June 2014: net finance costs and taxation expense of US$258 million).

BHP Billiton restated supplementary financial information

Financial information for the Iron Ore Business for the December 2014 half year and the June 2014 financial year is presented below.


Half year ended 31 December 2014 US$ million	Revenue			Underlying EBITDA			D&A			Underlying EBIT			Net operating assets		Capital expenditure			Exploration gross		Exploration to profit
Western Australia Iron Ore		8,193			4,778			791			3,987			23,289		1,090
Samarco ⁽ⁱ⁾		828			420			54			366			1,036		165
Other ⁽ⁱⁱ⁾		73			4			1			3			108		14

Total Iron Ore from Group production		9,094			5,202			846			4,356			24,433		1,269

Third party products ⁽ⁱⁱⁱ⁾		152			(5	)		—			(5	)		—		—

Total Iron Ore		9,246			5,197			846			4,351			24,433		1,269			71		16

Statutory adjustments ^(iv)		(828	)		(205	)		(54	)		(151	)		—		(165	)		—		—

Total Iron Ore statutory result		8,418			4,992			792			4,200			24,433		1,104			71		16


Year ended 30 June 2014 US$ million	Revenue			Underlying EBITDA			D&A			Underlying EBIT			Net operating assets		Capital expenditure			Exploration gross		Exploration to profit
Western Australia Iron Ore ^(v)		20,883			12,966			1,427			11,539			22,223		2,947
Samarco⁽ⁱ⁾		1,634			846			56			790			1,072		424
Other ⁽ⁱⁱ⁾ ^(v)		130			(32	)		2			(34	)		95		—

Total Iron Ore from Group production		22,647			13,780			1,485			12,295			23,390		3,371

Third party products ⁽ⁱⁱⁱ⁾		343			(3	)		—			(3	)		—		—

Total Iron Ore		22,990			13,777			1,485			12,292			23,390		3,371			169		56

Statutory adjustments^(iv)		(1,634	)		(246	)		(56	)		(190	)		—		(422	)		—		—

Total Iron Ore statutory result		21,356			13,531			1,429			12,102			23,390		2,949			169		56

(i)	Samarco is an equity accounted investment and is reported on a proportionate consolidation basis (with the exception of net operating assets).

(ii)	Predominantly comprises divisional activities, towage services, business development and ceased operations.

(iii)

Includes inter-segment and external sales of contracted gas purchases.

(iv)	Includes statutory adjustments for Samarco to reconcile the proportionately consolidated business total to the statutory result. Statutory Underlying EBIT includes net finance costs and taxation expense of US$151 million (30 June 2014: net finance costs and taxation expense of US$190 million).

(v)	The 30 June 2014 period has been restated to reallocate towage services from West Australia Iron Ore to Other.

BHP Billiton restated supplementary financial information

Financial information for the Coal Business for the December 2014 half year and the June 2014 financial year is presented below.


Half year ended 31 December 2014 US$ million	Revenue			Underlying EBITDA			D&A			Underlying EBIT			Net operating assets		Capital expenditure			Exploration gross		Exploration to profit
Queensland Coal		2,251			478			331			147			9,450		369
New Mexico		298			86			23			63			250		13
New South Wales Energy Coal ⁽ⁱ⁾		640			136			78			58			1,419		108
Colombia ⁽ⁱ⁾		383			121			56			65			938		54
Other ⁽ⁱⁱ⁾		—			(64	)		1			(65	)		183		8

Total Coal from Group production		3,572			757			489			268			12,240		552

Third party products		7			—			—			—			1		—

Total Coal		3,579			757			489			268			12,241		552			12		12

Statutory adjustments ⁽ⁱⁱⁱ⁾		(436	)		(199	)		(70	)		(129	)		—		(74	)		—		—

Total Coal statutory result		3,143			558			419			139			12,241		478			12		12


Year ended 30 June 2014 US$ million	Revenue			Underlying EBITDA			D&A			Underlying EBIT			Net operating assets		Capital expenditure			Exploration gross		Exploration to profit
Queensland Coal		4,666			949			514			435			9,115		1,790
New Mexico		520			105			46			59			202		26
New South Wales Energy Coal ⁽ⁱ⁾		1,350			324			150			174			1,392		170
Colombia ⁽ⁱ⁾		814			305			85			220			1,037		133
Other ⁽ⁱⁱ⁾		—			(166	)		2			(168	)		162		34

Total Coal from Group production		7,350			1,517			797			720			11,908		2,153

Third party products		27			—			—			—			1		—

Total Coal		7,377			1,517			797			720			11,909		2,153			29		29

Statutory adjustments ⁽ⁱⁱⁱ⁾		(814	)		(259	)		(114	)		(145	)		—		(182	)		—		—

Total Coal statutory result		6,563			1,258			683			575			11,909		1,971			29		29

(i)	Cerrejón and Newcastle Coal Infrastructure Group are equity accounted investments and are reported on a proportionate consolidation basis (with the exception of net operating assets).

(ii)	Predominantly comprises divisional activities and greenfield projects.

(iii)

Includes statutory adjustments for Cerrejón and Newcastle Coal Infrastructure Group to reconcile the proportionately consolidated business total to the statutory result. Statutory Underlying EBIT includes net finance costs and taxation expense of US$78 million (30 June 2014: net finance costs and taxation expense of US$80 million).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BHP Billiton Limited and BHP Billiton Plc

Date: July 22, 2015

/s/ Rachel Agnew

Rachel Agnew

Company Secretary