BP 2008 Annual Report Download - page 150
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Financial statements
BP Annual Report and Accounts 2008
Notes on financial statements
32. Cash and cash equivalents
$ million
2008 2007
Cash at bank and in hand 4,001 2,996
Cash equivalents
Listed 4,060 3
Unlisted 136 563
8,197 3,562
Cash and cash equivalents comprise cash in hand; current balances with banks and similar institutions; and short-term highly liquid investments that
are readily convertible to known amounts of cash, are subject to insignificant risk of changes in value and have a maturity of three months or less from
the date of acquisition.
Cash and cash equivalents at 31 December 2008 includes $2,133 million (2007 $1,294 million) that is restricted. This relates principally to
amounts on deposit to cover initial margins on trading exchanges.
33. Trade and other payables
$ million
2008 2007
Current Non-current Current Non-current
Financial liabilities
Trade payables 20,129 – 30,735 –
Amounts payable to jointly controlled entities 292 2,255 66 –
Amounts payable to associates 295 – 650 –
Other payables 9,882 287 8,125 486
30,598 2,542 39,576 486
Non-financial liabilities
Production and similar taxes 445 538 803 765
Other payables 2,601 – 2,773 –
3,046 538 3,576 765
33,644 3,080 43,152 1,251
Trade and other payables are predominantly interest free.
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