| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 28 | 83% | 0% | 17% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
BHP’s standard terms provide that it will pay all invoices in the payment run that occurs immediately following the expiry of 60 days after the relevant Invoice is received or, in the case of a recipient created tax invoice, generated, and except where BHP is required by law to pay within a shorter time frame.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
BHP seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of the contract. A dispute may be raised at any time by either party to the other party’s nominated dispute resolution representative and the parties will then seek to resolve the dispute within 20 business days (or as otherwise agreed).
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BHP Billiton Plc is a UK-registered company classified as a holding company (SIC 64209). It forms part of the BHP group, a global resources business whose operations focus on mining and producing commodities including iron ore, copper, steelmaking coal and potash, supplying materials used in steelmaking, construction and fertiliser production. The group states it is the world's largest mining company by market capitalisation and operates across more than 90 locations, including Australia, South America, the United States and Canada. This entity itself does not carry out mining or production activity directly but sits within the wider corporate structure of the BHP group, which reports its financial and operational performance at group level rather than through this individual UK company.
Generated from the company's website and Companies House records. Sources: bhp.com · bhp.com