A goodwill of US$192 million has been provisionally recognised, representing the excess of consideration paid above the provisional fair value of the acquired assets and liabilities. The goodwill primarily arises from the deferred tax liability recognised at acquisition due to a difference between the provisional fair value of mineral rights acquired and the corresponding tax base. The goodwill represents the provisional amount, which could not be reliably allocated to a CGU or group of CGUs at 30 June 2023.

Is there a goodwill or bargain purchase arising from BHP's acquisition of OZ minerals?

The provisional fair values of the identifiable assets and liabilities acquired as of the date of acquisition were: \begin{tabular}{|c|c|} \hline & \begin{tabular}{r} 2023 \\ US\$M \end{tabular} \\ \hline \multicolumn{2}{|l|}{ Assets } \\ \hline Cash and cash equivalents & 104 \\ \hline Trade and other receivables 1 & 77 \\ \hline Other financial assets & 7 \\ \hline Inventories & 329 \\ \hline Property, plant and equipment & 7,676 \\ \hline Intangible assets - goodwill & 192 \\ \hline Current tax receivable & 36 \\ \hline Other assets & 25 \\ \hline Total assets & 8,446 \\ \hline \multicolumn{2}{|l|}{ Liabilities } \\ \hline Trade and other payables & 242 \\ \hline Interest bearing liabilities & 1,111 \\ \hline Deferred tax liabilities 2 & 867 \\ \hline Provisions & 254 \\ \hline Total liabilities & 2,474 \\ \hline Identifiable net assets acquired & 5,972 \\ \hline Total consideration paid 3,4 & 5,972 \\ \hline Cash and cash equivalents acquired & (104) \\ \hline Net cash consideration paid & 5,868 \\ \hline \end{tabular}