BP 2010 Annual Report Download - page 264
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ParentcompanynancialstatementsofBPp.l.c.
8.Capitalandreservescontinued
Asaconsolidatedincomestatementispresentedforthegroup,aseparateincomestatementfortheparentcompanyisnotrequiredtobepublished.
Theprotandlossaccountreserveincludes$24,107million(2009$24,107millionand2008$24,107million),thedistributionofwhichislimitedby
statutoryorotherrestrictions.
Thecompanydoesnotaccountfordividendsuntiltheyarepaid.Thenancialstatementsfortheyearended31December2010donot
reectthedividendannouncedon1February2011andpayableinMarch2011;thiswillbetreatedasanappropriationofprotintheyearended
31December2011.
Managing capital
Thecompanydenescapitalasthetotalequityofthecompany.Thecompany’sapproachtomanagingcapitalissetoutinitsnancialframework
whichwasrevisedduring2010,withtheobjectiveofmaintainingacapitalstructurethatallowsthecompanytoexecuteitsstrategyandisresilientto
inherentvolatility.During2010,thecompanydidnotrepurchaseanyofitsownshares.
9.Cashow
$million
2010 2009 2008
Reconciliationofnetcashowtomovementoffunds
Increase(decrease)incash (24) 17 (233)
Movementoffunds (24) 17 (233)
Netcashat1January 28 11 244
Netcashat31December 4 28 11
Notesoncashowstatement
(a)Reconciliationofoperatingprottonetcash(outow)inowfromoperatingactivities 2010 2009 2008
Operatingprot 14,514 34,195 17,211
Netoperatingchargeforpensionsandotherpost-retirementbenets,lesscontributions 2 321 461
Dividends,interestandotherincome (15,188) (35,189) (17,239)
Share-basedpayments 549 444 446
(Increase)decreaseindebtors 17,405 (24,584) (5,271)
Increase(decrease)increditors (51) 4,040 (7)
Netcashinow(outow)fromoperatingactivities 17,231 (20,773) (4,399)
$million
At
1 January Cash 31 December
(b)Analysisofmovementsoffunds 2010ow2010
Cashatbank 28 (24) 4
10.Contingentliabilities
Theparentcompanyhasissuedguaranteesunderwhichamountsoutstandingat31December2010were$36,777million(2009$30,158millionand2008
$30,063million),ofwhich$36,747million(2009$30,126millionand2008$30,008million)relatedtoguaranteesinrespectofsubsidiaryundertakings,
including$36,006million(2009$29,385millionand2008$29,267million)inrespectofborrowingsbysubsidiaryundertakingsand$30million
(2009$32millionand2008$55million)inrespectofliabilitiesofotherthirdparties.
At
TheparentcompanynancialstatementsofBPp.l.c.onpagesPC1–PC16donotformpartofBP’sAnnualReportonForm20-FasledwiththeSEC.
PC12BPAnnualReportandForm20-F2010