BP 2012 Annual Report Download - page 299

Download and view the complete annual report

Please find page 299 of the 2012 BP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 303

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296
  • 297
  • 298
  • 299
  • 300
  • 301
  • 302
  • 303

8. Capital and reserves
$ million
Share
capital
Share
premium
account
Capital
redemption
reserve
Merger
reserve
Own
shares
Treasury
shares
Share-based
payment
reserve
Profit
and loss
account Total
At 1 January 2012 5,224 9,952 1,072 26,509 (388) (20,935) 1,574 112,285 135,293
Currency translation differences – – – – – – – (98) (98)
Actuarial loss on pensions (net of tax) – – – – – – – (573) (573)
Share-based payments 2 57 – – 108 161 30 (85) 273
Profit for the year – – – – – – – 12,322 12,322
Dividends 35 (35) – – – – – (5,294) (5,294)
At 31 December 2012 5,261 9,974 1,072 26,509 (280) (20,774) 1,604 118,557 141,923
$ million
Share
capital
Share
premium
account
Capital
redemption
reserve
Merger
reserve
Own
shares
Treasury
shares
Share-based
payment
reserve
Profit
and loss
account Total
At 1 January 2011 5,183 9,987 1,072 26,509 (126) (21,085) 1,585 108,794 131,919
Currency translation differences – – – – – – – 164 164
Actuarial loss on pensions (net of tax) – – – – – – – (4,187) (4,187)
Share-based payments – 6 – – (262) 150 (11) 102 (15)
Profit for the year – – – – – – – 11,484 11,484
Dividends 41 (41) – – – – – (4,072) (4,072)
At 31 December 2011 5,224 9,952 1,072 26,509 (388) (20,935) 1,574 112,285 135,293
As a consolidated income statement is presented for the group, a separate income statement for the parent company is not required to be published.
The profit and loss account reserve includes $24,107 million (2011 $24,107 million), the distribution of which is limited by statutory or other restrictions.
The accounts for the year ended 31 December 2012 do not reflect the dividend announced on 5 February 2013 and payable in March 2013; this will be
treated as an appropriation of profit in the year ended 31 December 2013.
9. Cash flow
Notes on cash flow statement
$ million
2012 2011
Reconciliation of net cash flow to movement of funds
Increase (decrease) in cash 9(4)
Movement of funds 9(4)
Net cash at 1 January –4
Net cash at 31 December 9–
Notes on cash flow statement
(a) Reconciliation of operating profit to net cash (outflow) inflow from operating activities 2012 2011
Operating profit 11,936 11,136
Net operating charge for pensions and other post-retirement benefits, less contributions (414) (117)
Dividends, interest and other income (13,758) (12,132)
Share-based payments 350 528
Decrease (increase) in debtors 240 (3,253)
Increase in creditors 374 39
Net cash outflow from operating activities (1,272) (3,799)
$ million
(b) Analysis of movements of funds
At
1 January
2012
Cash
flow
At
31 December
2012
Cash at bank – 99
Parent company financial statements of BP p.l.c. PC10
BP Annual Report and Form 20-F 2012
Financial statements
The parent company financial statements of BP p.l.c. on pages PC1–PC11 do not form part of BP’s Annual Report on Form 20-F as filed with the SEC.