BP 2008 Annual Report Download - page 106

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Financial statements
BP Annual Report and Accounts 2008
Consolidated financial statements of the BP group
Group balance sheet
At 31 December $ million
Note 2008 2007
Non-current assets
Property, plant and equipment 23 103,200 97,989
Goodwill 24 9,878 11,006
Intangible assets 25 10,260 6,652
Investments in jointly controlled entities 26 23,826 18,113
Investments in associates 27 4,000 4,579
Other investments 29 855 1,830
Fixed assets 152,019 140,169
Loans 995 999
Other receivables 31 710 968
Derivative financial instruments 34 5,054 3,741
Prepayments 1,338 1,083
Defined benefit pension plan surpluses 38 1,738 8,914
161,854 155,874
Current assets
Loans 168 165
Inventories 30 16,821 26,554
Trade and other receivables 31 29,261 38,020
Derivative financial instruments 34 8,510 6,321
Prepayments 3,050 3,589
Current tax receivable 377 705
Cash and cash equivalents 32 8,197 3,562
66,384 78,916
Assets classified as held for sale 41,286
66,384 80,202
Total assets 228,238 236,076
Current liabilities
Trade and other payables 33 33,644 43,152
Derivative financial instruments 34 8,977 6,405
Accruals 6,743 6,640
Finance debt 35 15,740 15,394
Current tax payable 3,144 3,282
Provisions 37 1,545 2,195
69,793 77,068
Liabilities directly associated with the assets classified as held for sale 4 163
69,793 77,231
Non-current liabilities
Other payables 33 3,080 1,251
Derivative financial instruments 34 6,271 5,002
Accruals 784 959
Finance debt 35 17,464 15,651
Deferred tax liabilities 20 16,198 19,215
Provisions 37 12,108 12,900
Defined benefit pension plan and other post-retirement benefit plan deficits 38 10,431 9,215
66,336 64,193
Total liabilities 136,129 141,424
Net assets 92,109 94,652
Equity
Share capital 39 5,176 5,237
Reserves 86,127 88,453
BP shareholders’ equity 40 91,303 93,690
Minority interest 40 806 962
Total equity 40 92,109 94,652
P D Sutherland Chairman
Dr A B Hayward Group Chief Executive
105