BP 2012 Annual Report Download - page 207

6. Segmental analysis continued
$ million
2011
By business Upstream Downstream TNK-BP
Other
businesses
and
corporate
Gulf of
Mexico
oil spill
response
Consolidation
adjustment
and
eliminations
Total
group
Segment revenues
Sales and other operating revenues 75,475 344,116 – 2,957 – (47,031) 375,517
Less: sales and other operating revenues between
businesses (44,766) (1,396) – (869) – 47,031 –
Third party sales and other operating revenues 30,709 342,720 – 2,088 – – 375,517
Equity-accounted earnings 1,281 787 4,185 (33) – – 6,220
Interest income (4) 25 – 146 – – 167
Segment results
Replacement cost profit (loss) before interest
and taxation 26,366 5,474 4,134 (2,478) 3,800 (113) 37,183
Inventory holding gainsa81 2,487 51 15 – – 2,634
Profit (loss) before interest and taxation 26,447 7,961 4,185 (2,463) 3,800 (113) 39,817
Finance costs (1,246)
Net finance income relating to pensions and other
post-retirement benefits 263
Profit before taxation 38,834
Other income statement items
Depreciation, depletion and amortization 8,693 2,117 – 325 – – 11,135
Impairment losses 1,443 599 – 58 – – 2,100
Impairment reversals (146) – – – – – (146)
Fair value (gain) loss on embedded derivatives (191) – – 123 – – (68)
Charges for provisions, net of write-back of unused
provisions, including change in discount rate 213 371 – 942 5,200 – 6,726
Segment assets
Equity-accounted investments 11,041 6,731 10,013 1,024 – – 28,809
Additions to non-current assets 34,527 4,128 – 1,864 – – 40,519
Additions to other investments 25
Element of acquisitions not related to non-current
assets (1,089)
Additions to decommissioning asset (7,937)
Capital expenditure and acquisitions 25,535 4,130 – 1,853 – – 31,518
aSee explanation of inventory holding gains and losses on page 203.
Financial statements 205
BP Annual Report and Form 20-F 2012
Financial statements