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6 Segmental analysis continued $ million
2005
Consolidation
adjustment
Rest of Rest of and
By geographical area UK Europe USA World eliminations Total
SALES AND OTHER OPERATING REVENUES
Segment revenues 98,744 72,972 107,494 60,314 – 339,524
Less: sales attributable to Innovene operations (2,610) (8,667) (4,309) (686) – (16,272)
Segment revenues from continuing operations 96,134 64,305 103,185 59,628 323,252
Less: sales between areas (38,081) (5,013) (2,362) (16,541) – (61,997)
Less: sales by continuing operations to Innovene (5,599) (4,640) (1,508) (43) – (11,790)
Third party sales of continuing operations 52,454 54,652 99,315 43,044 249,465
RESULTS
Profit (loss) before interest and tax from continuing operations 1,167 5,206 13,139 13,170 32,682
Finance costs and other finance expense (80) (268) (366) (47) (761)
Profit before taxation from continuing operations 1,087 4,938 12,773 13,123 31,921
Taxation (289) (1,646) (3,983) (3,555) (9,473)
Profit for the year from continuing operations 798 3,292 8,790 9,568 22,448
Profit (loss) from Innovene operations 234 109 (165) 6 184
Profit for the year 1,032 3,401 8,625 9,574 22,632
Includes
Equity-accounted income (8) 18 86 3,447 – 3,543
ASSETS AND LIABILITIES
Segment assets 44,007 26,560 79,838 64,129 (7,832) 206,702
Tax receivable 2 158 6 46 – 212
Total assets 44,009 26,718 79,844 64,175 (7,832) 206,914
Includes
Equity-accounted investments 74 1,496 1,420 16,783 19,773
Segment liabilities (25,079) (16,824) (33,646) (18,553) 7,832 (86,270)
Current tax payable (798) (1,057) (678) (1,741) – (4,274)
Finance debt (9,706) (433) (6,159) (2,864) – (19,162)
Deferred tax liabilities (2,223) (936) (9,585) (3,699) – (16,443)
Total liabilities (37,806) (19,250) (50,068) (26,857) 7,832 (126,149)
OTHER SEGMENT INFORMATION
Capital expenditure
Intangible assets 205 43 579 654 1,481
Property, plant and equipment 1,340 919 4,804 4,702 – 11,765
Other 53 18 86 746 – 903
To t al 1,598 980 5,469 6,102 14,149
Depreciation, depletion and amortization 2,080 932 3,685 2,074 – 8,771
Exploration expense 32 2 425 225 684
Impairment 53 7 238 61 – 359
Loss on remeasurement to fair value less costs to sell
and on disposal of Innovene operations 24 273 262 32 – 591
Losses on sale of businesses and fixed assets 37 8 64 – 109
Gains on sale of businesses and fixed assets 107 1,017 282 132 – 1,538
BP Annual Report and Accounts 2005 51