BP 2011 Annual Report Download - page 257

Financial statements
BP Annual Report and Form 20-F 2011 255
Notes on financial statements
46. Condensed consolidating information on certain US subsidiaries continued
Income statement continued
$ million
For the year ended 31 December 2009
Issuer Guarantor
BP
Exploration
(Alaska) Inc. BP p.l.c.
Other
subsidiaries
Eliminations
and
reclassifications BP group
Sales and other operating revenues 4,189 –239,272 (4,189) 239,272
Earnings from jointly controlled entities – after interest and tax – – 1,286 –1,286
Earnings from associates – after interest and tax – – 2,615 –2,615
Equity-accounted income of subsidiaries – after interest and tax 838 17,315 –(18,153) –
Interest and other revenues 17 144 832 (201) 792
Gains on sale of businesses and fixed assets – 9 2,173 (9) 2,173
Total revenues and other income 5,044 17,468 246,178 (22,552) 246,138
Purchases 510 –167,451 (4,189) 163,772
Production and manufacturing expenses 970 –22,232 –23,202
Production and similar taxes 602 –3,150 –3,752
Depreciation, depletion and amortization 424 –11,682 –12,106
Impairment and losses on sale of businesses and fixed assets – – 2,333 –2,333
Exploration expense – – 1,116 –1,116
Distribution and administration expenses 27 1,145 12,974 (108) 14,038
Fair value gain on embedded derivatives – – (607) –(607)
Profit before interest and taxation 2,511 16,323 25,847 (18,255) 26,426
Finance costs 22 26 1,155 (93) 1,110
Net finance (income) expense relating to pensions and
other post-retirement benefits 10 (310) 492 –192
Profit before taxation 2,479 16,607 24,200 (18,162) 25,124
Taxation 583 20 7,762 –8,365
Profit for the year 1,896 16,587 16,438 (18,162) 16,759
Attributable to
BP shareholders 1,896 16,587 16,257 (18,162) 16,578
Minority interest – – 181 –181
1,896 16,587 16,438 (18,162) 16,759