BP 2011 Annual Report Download - page 256

254 BP Annual Report and Form 20-F 2011
Notes on financial statements
46. Condensed consolidating information on certain US subsidiaries continued
Income statement continued
$ million
For the year ended 31 December 2010
Issuer Guarantor
BP
Exploration
(Alaska) Inc. BP p.l.c.
Other
subsidiaries
Eliminations
and
reclassifications BP group
Sales and other operating revenues 4,793 –297,107 (4,793) 297,107
Earnings from jointly controlled entities – after interest and tax – – 1,175 –1,175
Earnings from associates – after interest and tax – – 3,582 –3,582
Equity-accounted income of subsidiaries – after interest and tax 620 (3,567) –2,947 –
Interest and other revenues –188 714 (221) 681
Gains on sale of businesses and fixed assets –260 6,376 (253) 6,383
Total revenues and other income 5,413 (3,119) 308,954 (2,320) 308,928
Purchases 637 –220,367 (4,793) 216,211
Production and manufacturing expenses 966 –63,649 –64,615
Production and similar taxes 998 –4,246 –5,244
Depreciation, depletion and amortization 351 –10,813 –11,164
Impairment and losses on sale of businesses and fixed assets 1,524 –1,689 (1,524) 1,689
Exploration expense – – 843 –843
Distribution and administration expenses 16 673 11,975 (109) 12,555
Fair value loss on embedded derivatives – – 309 –309
Profit (loss) before interest and taxation 921 (3,792) (4,937) 4,106 (3,702)
Finance costs 231 1,249 (112) 1,170
Net finance (income) expense relating to pensions and
other post-retirement benefits 4(388) 337 –(47)
Profit (loss) before taxation 915 (3,435) (6,523) 4,218 (4,825)
Taxation 143 31 (1,675) –(1,501)
Profit (loss) for the year 772 (3,466) (4,848) 4,218 (3,324)
Attributable to
BP shareholders 772 (3,466) (5,243) 4,218 (3,719)
Minority interest – – 395 –395
772 (3,466) (4,848) 4,218 (3,324)