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6 Segmental analysis continued $ million
2003
Consolidation
adjustment
Rest of Rest of and
By geographical area UK Europe USA World eliminations Total
SALES AND OTHER OPERATING REVENUES
Segment revenues 37,425 48,138 82,708 38,316 – 206,587
Less: sales attributable to Innovene operations (1,879) (6,105) (3,265) (534) – (11,783)
Segment revenues from continuing operations 35,546 42,033 79,443 37,782 – 194,804
Less: sales between areas (6,953) (3,160) (714) (8,258) – (19,085)
Less: sales by continuing operations to Innovene (3,947) (876) (1,455) – – (6,278)
Third party sales of continuing operations 24,646 37,997 77,274 29,524 – 169,441
RESULTS
Profit (loss) before interest and tax from continuing operations 3,348 1,819 7,008 6,601 – 18,776
Finance costs and other finance expense 52 (258) (737) (102) – (1,045)
Profit before taxation from continuing operations 3,400 1,561 6,271 6,499 – 17,731
Taxation (1,287) (725) (1,548) (1,490) – (5,050)
Profit for the year from continuing operations 2,113 836 4,723 5,009 – 12,681
Profit (loss) from Innovene operations (150) 166 (83) 4 – (63)
Profit for the year 1,963 1,002 4,640 5,013 – 12,618
Includes
Equity-accounted income 11 39 99 1,065 – 1,214
ASSETS AND LIABILITIES
Segment assets 36,282 27,155 64,414 48,835 (4,287) 172,399
Tax receivable – 84 – 8 – 92
Total assets 36,282 27,239 64,414 48,843 (4,287) 172,491
Includes
Equity-accounted investments 188 2,052 2,146 13,391 17,777
Segment liabilities (15,569) (16,162) (20,060) (12,906) 4,287 (60,410)
Current tax payable (1,057) (522) (494) (1,368) – (3,441)
Finance debt (11,804) (393) (7,295) (2,833) – (22,325)
Deferred tax liabilities (2,973) (1,017) (8,636) (3,425) – (16,051)
Total liabilities (31,403) (18,094) (36,485) (20,532) 4,287 (102,227)
OTHER SEGMENT INFORMATION
Capital expenditure
Intangible assets 1 77 289 348 – 715
Property, plant and equipment 1,528 1,157 5,302 3,662 – 11,649
Other – 12 376 6,871 – 7,259
To t al 1,529 1,246 5,967 10,881 – 19,623
Depreciation, depletion and amortization 1,952 819 3,937 1,368 – 8,076
Exploration expense 17 37 204 284 – 542
Impairment 183 – 343 487 – 1,013
Losses on sale of businesses and fixed assets 213 410 72 93 – 788
Gains on sale of businesses and fixed assets 931 259 – 705 – 1,895
7 Earnings from jointly controlled entities and associates $ million
2005
Profit (loss)
before interest Minority Profit (loss)
and tax Interest Tax interest for the year
By business
Exploration and Production 4,819 227 1,250 104 3,238
Refining and Marketing 343 24 81 – 238
Gas, Power and Renewables 34 7 8 – 19
Other businesses and corporate 65 31 – – 34
5,261 289 1,339 104 3,529
Innovene operations 14 – – – 14
Continuing operations 5,275 289 1,339 104 3,543
Earnings from jointly controlled entities 4,615 232 1,196 104 3,083
Earnings from associates 660 57 143 – 460
5,275 289 1,339 104 3,543
BP Annual Report and Accounts 2005 53