BP 2008 Annual Report Download - page 139

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BP Annual Report and Accounts 2008
Notes on financial statements
23. Property, plant and equipment
$ million
Oil depots,
Land Plant, Fixtures, storage
and land Oil and machinery fittings and tanks and
improve- gas and office Transport- service
ments Buildings properties equipment equipment ation stations Total
Cost
At 1 January 2008 4,516 3,150 134,615 36,365 3,169 11,866 11,410 205,091
Exchange adjustments (320) (287) (1) (1,655) (237) (98) (1,047) (3,645)
Acquisitions – – 136 212 – – – 348
Additions 64 161 12,571 4,118 530 243 842 18,529
Transfersa– – (454) 79 (1) 454 – 78
Deletions (296) (282) (54) (1,214) (416) (170) (860) (3,292)
At 31 December 2008 3,964 2,742 146,813 37,905 3,045 12,295 10,345 217,109
Depreciation
At 1 January 2008 718 1,533 72,486 17,417 1,820 7,126 6,002 107,102
Exchange adjustments (30) (118) – (917) (147) (41) (502) (1,755)
Charge for the year 32 79 7,490 1,697 313 296 709 10,616
Impairment losses 21 33 469 131 1 – 19 674
Impairment reversals – – (122) – – – – (122)
Transfersb– – (352) 4 (1) 274 – (75)
Deletions (143) (214) (16) (1,034) (290) (113) (721) (2,531)
At 31 December 2008 598 1,313 79,955 17,298 1,696 7,542 5,507 113,909
Net book amount at 31 December 2008 3,366 1,429 66,858 20,607 1,349 4,753 4,838 103,200
Cost
At 1 January 2007 4,442 3,129 123,493 32,203 3,006 11,930 11,076 189,279
Exchange adjustments 271 148 22 1,182 73 32 733 2,461
Acquisitions – – – 910 – – – 910
Additions 78 171 12,107 3,662 466 181 643 17,308
Transfers – – 422 – – – – 422
Reclassified as assets held for sale (16) – – (1,114) – – – (1,130)
Deletions (259) (298) (1,429) (478) (376) (277) (1,042) (4,159)
At 31 December 2007 4,516 3,150 134,615 36,365 3,169 11,866 11,410 205,091
Depreciation
At 1 January 2007 675 1,470 66,189 16,189 1,762 6,876 5,119 98,280
Exchange adjustments 25 89 19 556 45 16 299 1,049
Charge for the year 52 98 7,370 1,266 341 373 741 10,241
Impairment losses 86 62 189 236 9 14 643 1,239
Impairment reversals – – (237) – – – – (237)
Reclassified as assets held for sale (9) – – (486) – – – (495)
Deletions (111) (186) (1,044) (344) (337) (153) (800) (2,975)
At 31 December 2007 718 1,533 72,486 17,417 1,820 7,126 6,002 107,102
Net book amount at 31 December 2007 3,798 1,617 62,129 18,948 1,349 4,740 5,408 97,989
Net book amount at 1 January 2007 3,767 1,659 57,304 16,014 1,244 5,054 5,957 90,999
Assets held under finance leases at net book amount
included above
At 31 December 2008 – 12 237 107 – 8 18 382
At 31 December 2007 – 17 155 185 – 11 24 392
Decommissioning asset at net book amount included above Cost Depreciation Net
At 31 December 2008 7,140 3,659 3,481
At 31 December 2007 7,851 3,328 4,523
Assets under construction included above
At 31 December 2008 17,213
At 31 December 2007 18,658
aIncludes $337 million transferred to equity-accounted investments and $415 million transferred from intangible assets.
bIncludes $75 million transferred to equity-accounted investments.
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