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How we contributed in FY2017
The resources we produce help build cities, produce energy and provide developing nations with the resources they need to grow. Strategic Report
We are proud of the value we generate and how this contributes to building trust with the communities in which we operate.
The economic contribution we make is important. We bring capital and high-paying jobs to the communities in which we work,
both within our assets and throughout the supply chain. We also create value for our shareholders, lenders and investors. In FY2017,
our total direct economic contribution was US$26.1 billion, including payments to suppliers, wages and employee benefits, dividends,
taxes and royalties.
The taxes we pay enable governments to provide essential services to their citizens and invest in their communities for the future.
We paid US$4.7 billion globally in taxes, royalties and other payments to governments in FY2017. Our statutory effective tax rate was
39.7 per cent and our global adjusted effective tax rate was 34 per cent. Including royalties, this increases to 44 per cent.
For more information,
refer to section 1.12.4.
Suppliers
Payments made to our
suppliers for the
purchase of utilities, goods
and services (1)
US$13.6b
Employees
Employee expenses for
salary, wages and incentives (1)
US$3.6b
Total payments to Social investment (2)
governments Cash and
Shareholders, lenders Income taxes administrative costs
and investors Royalty-related income Funds transferred
Dividend payments taxes to the BHP Billiton Total economic
Foundation
Interest payments Royalties contribution
Other payments
to governments
US$4.0b US$4.7b US$72.9m = US$26.1b
Figures are rounded to the nearest decimal point. For more information refer to the Economic Contribution Report 2017.
(1) Calculated on an accrual basis.
(2) Social investment target is one per cent of pre-tax profits invested in community programs, including cash and administrative costs, calculated on the average
of the previous three years’ pre-tax profit. Priorities and focus areas are outlined in our Social Investment Framework, detailed in our Sustainability Report 2017.
Additional social investment of US$7.2 million (BHP Share) was made by our Equity Accounting Investments for a total social investment of US$80.1 million.
BHP Annual Report 2017 13