BP 2014 Annual Report Download - page 132

10. Property, plant and equipment
$ million
Land
and land
improvements Buildings
Oil and
gas
propertiesa
Plant,
machinery
and
equipment
Fixtures,
fittings and
office
equipment Transportation
Oil depots,
storage
tanks and
service
stations Total
Cost
At 1 January 2014 3,375 3,027 187,691 48,912 3,176 13,314 9,961 269,456
Exchange adjustments (284) (105) – (1,737) (93) (44) (871) (3,134)
Additions 315 183 18,033 2,008 258 1,049 521 22,367
Acquisitions 31 22 – 252 3 – – 308
Transfers – – 993 – – – – 993
Deletions (22) (66) (6,203) (620) (313) (500) (565) (8,289)
At 31 December 2014 3,415 3,061 200,514 48,815 3,031 13,819 9,046 281,701
Depreciation
At 1 January 2014 550 1,141 97,063 20,378 1,970 8,833 5,831 135,766
Exchange adjustments (5) (46) – (989) (56) (27) (550) (1,673)
Charge for the year 84 156 11,728 1,833 267 343 448 14,859
Impairment losses 15 – 6,304 625 – 179 504 7,627
Impairment reversals – – (19) – – (83) – (102)
Deletions (5) (54) (3,901) (489) (198) (312) (509) (5,468)
At 31 December 2014 639 1,197 111,175 21,358 1,983 8,933 5,724 151,009
Net book amount at 31
December 2014 2,776 1,864 89,339 27,457 1,048 4,886 3,322 130,692
Cost
At 1 January 2013 3,279 2,812 171,772 45,200 3,346 13,436 9,629 249,474
Exchange adjustments (4) (26) – (235) 5 (55) (36) (351)
Additions 120 286 14,272 4,386 299 51 625 20,039
Acquisitions – – – 8 – – – 8
Transfers – – 4,365 – – – – 4,365
Deletions (20) (45) (2,718) (447) (474) (118) (257) (4,079)
At 31 December 2013 3,375 3,027 187,691 48,912 3,176 13,314 9,961 269,456
Depreciation
At 1 January 2013 514 1,023 87,965 18,628 2,119 8,409 5,485 124,143
Exchange adjustments (6) (1) – (61) 7 (28) (7) (96)
Charge for the year 37 129 10,334 1,616 278 347 502 13,243
Impairment losses 10 20 611 525 – 160 35 1,361
Impairment reversals – – (209) – – (17) – (226)
Transfers – – 365 – – – – 365
Deletions (5) (30) (2,003) (330) (434) (38) (184) (3,024)
At 31 December 2013 550 1,141 97,063 20,378 1,970 8,833 5,831 135,766
Net book amount at 31
December 2013 2,825 1,886 90,628 28,534 1,206 4,481 4,130 133,690
Assets held under finance leases at net book
amount included above
At 31 December 2014 – 3 135 295 – 244 – 677
At 31 December 2013 – 7 187 265 – 4 – 463
Assets under construction included above
At 31 December 2014 26,429
At 31 December 2013 27,900
aFor information on significant estimates and judgements made in relation to the estimation of oil and natural reserves see Property, plant and equipment within Note 1.
11. Capital commitments
Authorized future capital expenditure for property, plant and equipment by group companies for which contracts had been signed at 31 December
2014 amounted to $15,635 million (2013 $13,705 million).
128 BP Annual Report and Form 20-F 2014