BP 2011 Annual Report Download - page 290

PC6 BP Annual Report and Form 20-F 2011
Parent company financial statements of BP p.l.c.
The parent company financial statements of BP p.l.c. on pages PC1 – PC14 do not form part of BP’s Annual Report on Form 20-F as filed with the SEC.
3. Fixed assets – investments continued
The more important subsidiary undertakings of the company at 31 December 2011 and the percentage holding of ordinary share capital (to the nearest
whole number) are set out below. A complete list of investments in subsidiary undertakings, joint ventures and associated undertakings will be attached
to the company’s annual return made to the Registrar of Companies.
%
Country of
incorporation Principal activities
International
BP Global Investments 100 England & Wales Investment holding
BP International 100 England & Wales Integrated oil operations
BP Holdings North America 100 England & Wales Investment holding
BP Corporate Holdings 100 England & Wales Investment holding
Burmah Castrol 100 Scotland Lubricants
The carrying value of BP International Ltd in the accounts of the company at 31 December 2011 was $62.63 billion (2010 $59.63 billion).
4. Debtors
$ million
2011 2010
Within
1 year
After
1 year
Within
1 year
After
1 year
Group undertakings 17,695 38 14,440 38
Other 3 – 4 –
17,698 38 14,444 38
The carrying amounts of debtors approximate their fair value.
5. Creditors
$ million
2011 2010
Within
1 year
After
1 year
Within
1 year
After
1 year
Group undertakings 2,334 4,264 2,343 4,258
Accruals and deferred income 28 35 23 35
Dividends 1 – 1 –
Other 55 –18 –
2,418 4,299 2,385 4,293
The carrying amounts of creditors approximate their fair value.
The maturity profile of the financial liabilities included in the balance sheet at 31 December is shown in the table below. These amounts are
included within Creditors – amounts falling due after more than one year, and are denominated in US dollars.
Amounts falling due after one year include $4,236 million payable to a group undertaking. This amount is subject to interest payable quarterly at
LIBOR plus 55 basis points.
$ million
2011 2010
Due within
1 to 2 years 49 41
2 to 5 years 14 16
More than 5 years 4,236 4,236
4,299 4,293