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214 BP Annual Report and Form 20-F 2011
Notes on financial statements
22. Goodwill
$ million
2011 2010
Cost
At 1 January 10,177 10,199
Exchange adjustments (26) (154)
Acquisitions 3,602 335
Reclassified as assets held for sale (50) (87)
Deletions (116)
At 31 December 13,703 10,177
Impairment losses
At 1 January (1,579) (1,579)
Impairment losses for the year (66)
Reclassified as assets held for sale 42
At 31 December (1,603) (1,579)
Net book amount at 31 December 12,100 8,598
Net book amount at 1 January 8,598 8,620
23. Intangible assets
$ million
2011 2010
Exploration
and appraisal
expenditure
Other
intangibles Total
Exploration
and appraisal
expenditure
Other
intangibles Total
Cost
At 1 January 13,476 3,403 16,879 10,713 3,284 13,997
Exchange adjustments (21) (21) 6(29) (23)
Acquisitions 5,563 176 5,739 982 118 1,100
Additions 3,348 352 3,700 5,440 297 5,737
Transfers (1,013) (1,013) (2,633) (2,633)
Reclassified as assets held for sale (66) (66) (134) (4) (138)
Deletions (704) (370) (1,074) (898) (263) (1,161)
At 31 December 20,670 3,474 24,144 13,476 3,403 16,879
Amortization
At 1 January 350 2,231 2,581 325 2,124 2,449
Exchange adjustments (11) (11) (11) (11)
Charge for the year 1,024 364 1,388 375 367 742
Impairment losses 779 86 –––
Reclassified as assets held for sale (46) (46) (3) (3)
Deletions (598) (358) (956) (350) (246) (596)
At 31 December 783 2,259 3,042 350 2,231 2,581
Net book amount at 31 December 19,887 1,215 21,102 13,126 1,172 14,298
Net book amount at 1 January 13,126 1,172 14,298 10,388 1,160 11,548