BP 2011 Annual Report Download - page 215

Financial statements
BP Annual Report and Form 20-F 2011 213
Notes on financial statements
21. Property, plant and equipment
$ million
Land and land
improvements Buildings
Oil and gas
properties
Plant,
machinery and
equipment
Fixtures,
fittings
and office
equipment Transportation
Oil depots,
storage tanks
and service
stations Total
Cost
At 1 January 2011 3,560 2,835 160,184 42,827 2,965 12,216 9,652 234,239
Exchange adjustments (73) (73) –(294) (35) (12) (225) (712)
Additions 39 46 18,515 3,782 370 655 512 23,919
Acquisitions 62 134 2,100 567 4 – – 2,867
Transfers – – 1,013 – – – – 1,013
Reclassified as assets held for sale (325) –(832) (9,931) –––(11,088)
Deletions (164) (96) (5,106) (1,242) (209) (106) (1,328) (8,251)
At 31 December 2011 3,099 2,846 175,874 35,709 3,095 12,753 8,611 241,987
Depreciation
At 1 January 2011 572 1,384 88,047 19,183 1,876 7,940 5,074 124,076
Exchange adjustments (10) (36) –(108) (34) (6) (113) (307)
Charge for the year 36 111 8,116 1,411 278 252 567 10,771
Impairment losses 133 41,239 245 –42 46 1,709
Impairment reversals – – (146) – – – – (146)
Reclassified as assets held for sale (115) –(680) (5,761) – – – (6,556)
Deletions (106) (91) (4,582) (704) (209) (79) (1,003) (6,774)
At 31 December 2011 510 1,372 91,994 14,266 1,911 8,149 4,571 122,773
Net book amount at 31 December 2011 2,589 1,474 83,880 21,443 1,184 4,604 4,040 119,214
Cost
At 1 January 2010 3,786 2,918 157,197 41,599 3,022 12,441 10,295 231,258
Exchange adjustments (85) (68) 335 (41) 28 (72) (200)
Additions 39 96 11,980 3,354 279 152 610 16,510
Acquisitions 2 3 1,931 41 515 –1,997
Transfers – – 2,633 – – – – 2,633
Reclassified as assets held for sale (6) (10) (6,610) (1,083) (87) (212) –(8,008)
Deletions (176) (104) (6,950) (1,119) (213) (208) (1,181) (9,951)
At 31 December 2010 3,560 2,835 160,184 42,827 2,965 12,216 9,652 234,239
Depreciation
At 1 January 2010 571 1,389 86,975 18,903 1,893 7,852 5,400 122,983
Exchange adjustments 1(46) –(19) (25) 16 (13) (86)
Charge for the year 34 82 8,024 1,492 291 268 606 10,797
Impairment losses 57 5918 117 1 – 21 1,119
Reclassified as assets held for sale –(8) (4,342) (514) (76) (97) –(5,037)
Deletions (91) (38) (3,528) (796) (208) (99) (940) (5,700)
At 31 December 2010 572 1,384 88,047 19,183 1,876 7,940 5,074 124,076
Net book amount at 31 December 2010 2,988 1,451 72,137 23,644 1,089 4,276 4,578 110,163
Net book amount at 1 January 2010 3,215 1,529 70,222 22,696 1,129 4,589 4,895 108,275
Assets held under finance leases at net book amount
included above
At 31 December 2011 –10 213 326 – 7 18 574
At 31 December 2010 –14 236 386 – 7 18 661
Assets under construction included above
At 31 December 2011 26,443
At 31 December 2010 23,055
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