BP 2007 Annual Report Download - page 100

Group cash flow statement
For the year ended 31 December $ million
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Note 2007 2006 2005
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Operating activities
Profit before taxation from continuing operations 31,611 34,642 31,921
Adjustments to reconcile profit before taxation to net cash provided by operating activities
Exploration expenditure written off 16 347 624 305
Depreciation, depletion and amortization 910,579 9,128 8,771
Impairment and (gain) loss on sale of businesses and fixed assets 7, 10 (808) (3,165) (1,070)
Earnings from jointly controlled entities and associates (3,832) (3,995) (3,543)
Dividends received from jointly controlled entities and associates 2,473 4,495 2,833
Interest receivable (489) (473) (479)
Interest received 500 500 401
Finance costs 18 1,110 718 616
Interest paid (1,363) (1,242) (1,127)
Other finance (income) expense 19 (369) (202) 145
Share-based payments 420 416 278
Net operating charge for pensions and other post-retirement benefits, less contributions
and benefit payments for unfunded plans (404) (261) (435)
Net charge for provisions, less payments (92) 340 600
(Increase) decrease in inventories (7,255) 995 (6,638)
(Increase) decrease in other current and non-current assets 5,210 3,596 (16,427)
Increase (decrease) in other current and non-current liabilities (3,857) (4,211) 18,628
Income taxes paid (9,072) (13,733) (9,028)
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Net cash provided by operating activities of continuing operations 24,709 28,172 25,751
Net cash provided by operating activities of Innovene operations 3––970
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Net cash provided by operating activities 24,709 28,172 26,721
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Investing activities
Capital expenditures (17,830) (15,125) (12,281)
Acquisitions, net of cash acquired (1,225) (229) (60)
Investment in jointly controlled entities (428) (37) (185)
Investment in associates (187) (570) (619)
Proceeds from disposal of fixed assets 41,749 5,963 2,803
Proceeds from disposal of businesses, net of cash disposed 42,518 291 8,397
Proceeds from loan repayments 192 189 123
Other 374 –93
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Net cash used in investing activities (14,837) (9,518) (1,729)
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Financing activities
Net repurchase of shares (7,113) (15,151) (11,315)
Proceeds from long-term financing 8,109 3,831 2,475
Repayments of long-term financing (3,192) (3,655) (4,820)
Net increase (decrease) in short-term debt 1,494 3,873 (1,457)
Dividends paid
BP shareholders 21 (8,106) (7,686) (7,359)
Minority interest (227) (283) (827)
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Net cash used in financing activities (9,035) (19,071) (23,303)
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Currency translation differences relating to cash and cash equivalents 135 47 (88)
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Increase (decrease) in cash and cash equivalents 972 (370) 1,601
Cash and cash equivalents at beginning of year 2,590 2,960 1,359
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Cash and cash equivalents at end of year 3,562 2,590 2,960
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