BHP Billiton plc (BBL)

Consolidated cash flow statement

The consolidated cash flow statement prepared in accordance with IAS 7 ‘Cash Flow Statements’ presents substantially the same information that is required under US GAAP. However, certain differences exist between IFRS and US GAAP:

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Notes to Financial Statements

38 US Generally Accepted Accounting Principles disclosures continued

Consolidated cash flow statement

The consolidated cash flow statement prepared under IFRS (in accordance with IFRS 7/AASB 107 ‘Cash Flow Statements’) presents substantially the same information that is required under US GAAP. However, certain differences exist between IFRS and US GAAP with regard to the definition of cash and cash equivalents and the classification of items within the cash flow statement. Unlike IFRS, US GAAP cash and cash equivalents exclude bank overdrafts repayable on demand (US$16 million). In addition, exploration expenditure (US$ 766 million) and overburden removal costs capitalised (US$ 381 million) have been classified as investing cash flow under IFRS. Under US GAAP, it should be classified as operating cash flow.

F-86

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Notes to Financial Statements

39 US Generally Accepted Accounting Principles disclosures continued