BP 2012 Annual Report Download - page 179

Financial
statements
178 Statement of directors’ responsibilities
179 Consolidated financial statements of the BP group
Independent auditor’s reports 179
Group income statement 182
Group statement of comprehensive
income 183
Group statement of changes in
equity 183
Group balance sheet 184
Group cash flow statement 185
186 Notes on financial statements
1. Significant accounting policies 186
2. Significant event – Gulf of
Mexico oil spill 194
3. Business combinations 198
4. Non-current assets held for
sale 199
5. Disposals and impairment 201
6. Segmental analysis 203
7. Interest and other income 208
8. Production and similar taxes 208
9. Depreciation, depletion and
amortization 208
10. Impairment review of goodwill 208
11. Distribution and
administration expenses 210
12. Currency exchange gains and
losses 210
13. Research and development 210
14. Operating leases 211
15. Exploration for and evaluation
of oil and natural gas
resources 211
16. Auditor’s remuneration 212
17. Finance costs 212
18. Taxation 212
19. Dividends 214
20. Earnings per ordinary share 215
21. Property, plant and
equipment 216
22. Goodwill 217
23. Intangible assets 217
24. Investments in jointly
controlled entities 218
25. Investments in associates 219
26. Financial instruments and
financial risk factors 220
27. Other investments 225
28. Inventories 226
29. Trade and other receivables 226
30. Cash and cash equivalents 226
31. Valuation and qualifying
accounts 227
32. Trade and other payables 227
33. Derivative financial
instruments 228
34. Finance debt 233
35. Capital disclosures and
analysis of changes in net
debt 234
36. Provisions 235
37. Pensions and other post-
retirement benefits 239
38. Called-up share capital 245
39. Capital and reserves 246
40. Share-based payments 249
41. Employee costs and
numbers 251
42. Remuneration of directors
and senior management 252
43. Contingent liabilities 253
44. Capital commitments 254
45. Subsidiaries, jointly controlled
entities and associates 255
46. Condensed consolidated
information on certain US
subsidiaries 256
263 Supplementary information on oil and natural gas
(unaudited)
Oil and natural gas exploration and
production activities 264
Movements in estimated net
proved reserves 270
Standardized measure of discounted
future net cash flows and changes
thereinrelatingtoprovedoilandgas
reserves 282
Operational and statistical
information 285
PC1 Parent company financial statements of BP p.l.c.
Independent auditor’s report to the
members of BP p.l.c. PC1
Company balance sheet PC2
Company cash flow statement PC3
Company statement of total
recognized gains and losses PC3
Notes on financial statements PC4
1. Accounting policies PC4
2. Taxation PC5
3. Fixed assets – investments PC5
4. Debtors PC6
5. Creditors PC6
6. Pensions PC7
7. Called-up share capital PC9
8. Capital and reserves PC10
9. Cash flow PC10
10. Contingent liabilities PC11
11. Share-based payments PC11
12. Auditor’s remuneration PC11
13. Directors’ remuneration PC11
Financial statements 177
BP Annual Report and Form 20-F 2012
Financial statements