BP 2012 Annual Report Download - page 259

Income statement
$ million
For the year ended 31 December 2012
Issuer Guarantor
BP
Exploration
(Alaska) Inc. BP p.l.c.
Other
subsidiaries
Eliminations and
reclassifications BP group
Sales and other operating revenues 5,501 – 375,580 (5,501) 375,580
Earnings from jointly controlled entities – after interest and tax – – 744 – 744
Earnings from associates – after interest and tax – – 3,675 – 3,675
Equity-accounted income of subsidiaries – after interest and tax (59) 12,775 – (12,716) –
Interest and other revenues 12 187 1,677 (286) 1,590
Gains on sale of businesses and fixed assets 3,580 – 6,696 (3,580) 6,696
Total revenues and other income 9,034 12,962 388,372 (22,083) 388,285
Purchases 777 – 297,966 (5,501) 293,242
Production and manufacturing expenses 1,475 – 32,436 – 33,911
Production and similar taxes 1,374 – 6,784 – 8,158
Depreciation, depletion and amortization 457 – 12,024 – 12,481
Impairment and losses on sale of businesses and fixed assets 957 – 5,318 – 6,275
Exploration expense – – 1,475 – 1,475
Distribution and administration expenses 35 1,766 11,641 (85) 13,357
Fair value gain on embedded derivatives – – (347) – (347)
Profit before interest and taxation 3,959 11,196 21,075 (16,497) 19,733
Finance costs 48 43 1,235 (201) 1,125
Net finance (income) expense relating to pensions and other
post-retirement benefits – (431) 230 – (201)
Profit before taxation 3,911 11,584 19,610 (16,296) 18,809
Taxation 203 2 6,788 – 6,993
Profit for the year 3,708 11,582 12,822 (16,296) 11,816
Attributable to
BP shareholders 3,708 11,582 12,588 (16,296) 11,582
Minority interest – – 234 – 234
3,708 11,582 12,822 (16,296) 11,816
Statement of comprehensive income
$ million
For the year ended 31 December 2012
Issuer Guarantor
BP
Exploration
(Alaska) Inc. BP p.l.c.
Other
subsidiaries
Eliminations and
reclassifications BP group
Profit (loss) for the year 3,708 11,582 12,822 (16,296) 11,816
Currency translation differences – (98) 629 – 531
Exchange (gains) or losses on translation of foreign operations
transferred to gain or loss on sale of businesses and fixed assets – – (15) – (15)
Actuarial loss relating to pensions and other post-retirement benefits – (573) (1,762) – (2,335)
Available-for-sale investments marked to market – – 306 – 306
Available-for-sale – recycled to the income statement – – (1) – (1)
Cash flow hedges marked to market – – 1,466 – 1,466
Cash flow hedges – recycled to the income statement – – 62 – 62
Cash flow hedges – recycled to the balance sheet – – 19 – 19
Share of equity-accounted entities’ other comprehensive income, net of tax – – (98) – (98)
Taxation – – 446 – 446
Other comprehensive income – (671) 1,052 – 381
Total comprehensive income 3,708 10,911 13,874 (16,296) 12,197
Attributable to
BP shareholders 3,708 10,911 13,636 (16,296) 11,959
Minority interest – – 238 – 238
3,708 10,911 13,874 (16,296) 12,197
Financial statements 257
BP Annual Report and Form 20-F 2012
Financial statements
46. Condensed consolidating information on certain US subsidiaries continued