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BHP BILLITON PLC - 2016 US Annual Report (Form 20-F/A)

Release Date: 19/07/2017 07:05
Code(s): BIL     PDF:  
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2016 US Annual Report (Form 20-F/A)

BHP Billiton Plc
Registration number 3196209                                                            BHP Billiton Limited                        BHP Billiton Plc
                                                                                       171 Collins Street                          Nova South
Registered in England and Wales                                                        Melbourne Victoria 3000 Australia           160 Victoria Street
                                                                                       GPO BOX 86                                  London SW1V 1LH UK
Share code: BIL                                                                        Melbourne Victoria 3001 Australia           Tel +44 20 7802 4000
                                                                                       Tel +61 1300 55 47 57 Fax +61 3 9609 3015   Fax + 44 20 7802 4111
ISIN: GB0000566504                                                                     bhpbilliton.com                             bhpbilliton.com


Group Governance


19 July 2017


                                       AMENDMENT TO 2016 FORM 20-F (FORM 20-F/A)

BHP has today filed a Form 2016 20-F/A in accordance with US financial reporting requirements under the US Securities
Exchange Act of 1934 (as amended). The Form 2016 20-F/A restates BHP’s 2016 report on internal controls over
financial reporting.

Through our Sarbanes Oxley (SOX) Internal Control Evaluation Program, deficiencies were identified in the controls
and processes that were used to determine the impairments of certain Onshore US assets.

The control issue that was identified was confined to the valuation of the Onshore US assets and does not require any
change to the carrying values of the Company’s Onshore US assets at 31 December 2016 or any prior period. There is
no need for a restatement of any of the Company’s consolidated financial statements or any changes to published
reserves or taxes paid, however, a Form 20-F/A is required to update the statements from management and the auditor
to reflect the identified issue with the internal controls.

The issue with the internal controls is isolated, and involves complex and technical accounting judgements relating to
the specific structure of the relevant acquisitions.

A remediation plan has been implemented. We expect to confirm the controls are operating effectively as part of 2017
financial year annual reporting process.

BHP’s broader internal control environment was sound for the purposes of the financial statements issued in respect of
the December 2016 interim results.

The Form 2016 20-F/A has been submitted to the UK National Storage Mechanism and will shortly be available for
inspection at www.morningstar.co.uk/uk/NSM and may also be accessed at: bhp.com.




Rachel Agnew
Company Secretary

Sponsor: UBS South Africa (Pty) Limited




        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

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