BP 2010 Annual Report Download - page 177
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Notesonnancialstatements
Financial statements
12.Distributionandadministrationexpenses
$million
2010 2009 2008
Distribution 11,393 12,798 14,075
Administration 1,162 1,240 1,337
12,555 14,038 15,412
13.Currencyexchangegainsandlosses
$million
2010 2009 2008
Currencyexchangelosseschargedtoincomea 218 193 156
a
Excludesexchangegainsandlossesarisingonnancialinstrumentsmeasuredatfairvaluethroughprotorloss.
14.Researchanddevelopment
$million
2010 2009 2008
Expenditureonresearchanddevelopment 780 587 595
Inadditiontotheexpenditureonresearchanddevelopmentpresentedinthetableabove,BPalsomadedonationstoexternalorganizationsforresearch
purposes,includingtheGulfofMexicoResearchInitiativeasdescribedonpage72.Thesedonationsarenotincludedintheamountsreportedabove.
15.Operatingleases
InthecaseofanoperatingleaseenteredintobyBPastheoperatorofajointlycontrolledasset,theamountsshowninthetablesbelowrepresentthenet
operatingleaseexpenseandnetfutureminimumleasepayments.Thesenetamountsareafterdeductingamountsreimbursed,ortobereimbursed,by
jointventurepartners,whetherthejointventurepartnershaveco-signedtheleaseornot.WhereBPisnottheoperatorofajointlycontrolledasset,BP’s
shareoftheleaseexpenseandfutureminimumleasepaymentsisincludedintheamountsshown,whetherBPhasco-signedtheleaseornot.
Thetablebelowshowstheexpensefortheyearinrespectofoperatingleases.
$million
2010 2009 2008
Minimumleasepayments 5,371 4,109 4,114
Contingentrentals (60) (9) 97
Sub-leaserentals (121) (133) (194)
5,190 3,967 4,017
Thefutureminimumleasepaymentsat31December,beforedeductingrelatedrentalincomefromoperatingsub-leasesof$365million(2009$379million),
areshowninthetablebelow.Thisdoesnotincludefuturecontingentrentals.Wheretheleaserentalsaredependentonavariablefactor,thefutureminimum
leasepaymentsarebasedonthefactorasatinceptionofthelease.
$million
Futureminimumleasepayments 2010 2009
Payablewithin
1year 3,521 3,251
2to5years 6,798 7,334
Thereafter 3,654 4,131
13,973 14,716
BPAnnualReportandForm20-F2010 175