BP 2005 Annual Report Download - page 56

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54 Making energy more
Notes on financial statements continued
7 Earnings from jointly controlled entities and associates continued $ million
2004
Profit (loss)
before interest Minority Profit (loss)
and tax Interest Tax interest for the year
By business
Exploration and Production 3,246 189 1,029 43 1,985
Refining and Marketing 357 15 83 – 259
Gas, Power and Renewables 15 7 2 – 6
Other businesses and corporate 21 7 (4) – 18
3,639 218 1,110 43 2,268
Innovene operations 9 (3) – – 12
Continuing operations 3,648 215 1,110 43 2,280
Earnings from jointly controlled entities 3,017 167 989 43 1,818
Earnings from associates 631 48 121 – 462
3,648 215 1,110 43 2,280
$ million
2003
Profit (loss)
before interest Minority Profit (loss)
and tax Interest Tax interest for the year
By business
Exploration and Production 1,222 120 153 – 949
Refining and Marketing 275 17 17 – 241
Gas, Power and Renewables (3) 2 – – (5)
Other businesses and corporate 29 5 10 – 14
1,523 144 180 – 1,199
Innovene operations 15 – – – 15
Continuing operations 1,538 144 180 – 1,214
Earnings from jointly controlled entities 1,028 102 100 – 826
Earnings from associates 510 42 80 – 388
1,538 144 180 – 1,214
8 Interest and other revenues $ million
2005 2004 2003
Dividends 52 37 36
Interest from loans and other investments 73 34 121
Other interest 324 244 184
Miscellaneous income 240 358 444
689 673 785
Innovene operations (76) (58) (39)
Continuing operations 613 615 746
9 Gains on sale of businesses and fixed assets $ million
2005 2004 2003
Gains on sale of businesses
Refining and Marketing 18 – –
18 – –
Gains on sale of fixed assets
Exploration and Production 1,198 162 1,591
Refining and Marketing 223 104 104
Gas, Power and Renewables 55 56 11
Other businesses and corporate 47 1,365 189
1,523 1,687 1,895
1,541 1,687 1,895
Innovene operations (3) (2) –
Continuing operations 1,538 1,685 1,895