BP 2008 Annual Report Download - page 105

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BP Annual Report and Accounts 2008
Consolidated financial statements of the BP group
Group income statement
For the year ended 31 December $ million
Note 2008 2007 2006
Sales and other operating revenues 361,143 284,365 265,906
Earnings from jointly controlled entities – after interest and tax 3,023 3,135 3,553
Earnings from associates – after interest and tax 798 697 442
Interest and other revenues 7736 754 701
Total revenues 6365,700 288,951 270,602
Gains on sale of businesses and fixed assets 8 1,353 2,487 3,714
Total revenues and other income 367,053 291,438 274,316
Purchases 266,982 200,766 187,183
Production and manufacturing expenses 29,183 25,915 23,793
Production and similar taxes 96,526 4,013 3,621
Depreciation, depletion and amortization 10 10,985 10,579 9,128
Impairment and losses on sale of businesses and fixed assets 11 1,733 1,679 549
Exploration expense 17 882 756 1,045
Distribution and administration expenses 13 15,412 15,371 14,447
Fair value (gain) loss on embedded derivatives 34 111 7 (608)
Profit before interest and taxation from continuing operations 35,239 32,352 35,158
Finance costs 19 1,547 1,393 986
Net finance income relating to pensions and other post-retirement benefits 38 (591) (652) (470)
Profit before taxation from continuing operations 34,283 31,611 34,642
Taxation 20 12,617 10,442 12,331
Profit from continuing operations 21,666 21,169 22,311
Loss from Innovene operations 4– (25)
Profit for the year 21,666 21,169 22,286
Attributable to
BP shareholders 21,157 20,845 22,000
Minority interest 509 324 286
21,666 21,169 22,286
Earnings per share – cents
Profit for the year attributable to BP shareholders
Basic 22 112.59 108.76 109.84
Diluted 22 111.56 107.84 109.00
Profit from continuing operations attributable to BP shareholders
Basic 112.59 108.76 109.97
Diluted 111.56 107.84 109.12
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