BP 2012 Annual Report Download - page 206

6. Segmental analysis continued
All surpluses and deficits recognized on the group balance sheet in respect of pension and other post-retirement benefit plans are allocated to Other
businesses and corporate. However, the periodic expense relating to these plans is allocated to the other operating segments based upon the business
in which the employees work.
Certain financial information is provided separately for the US as this is an individually material country for BP, and for the UK as this is BP’s countryof
domicile.
$ million
2012
By business Upstream Downstream TNK-BP
Other
businesses
and
corporate
Gulf of
Mexico
oil spill
response
Consolidation
adjustment
and
eliminations
Total
group
Segment revenues
Sales and other operating revenues 71,940 346,491 – 1,985 – (44,836) 375,580
Less: sales and other operating revenues between
businesses (42,572) (1,365) – (899) – 44,836 –
Third party sales and other operating revenues 29,368 345,126 – 1,086 – – 375,580
Equity-accounted earnings 1,054 446 2,986 (67) – – 4,419
Interest income 112 27 – 104 – – 243
Segment results
Replacement cost profit (loss) before interest
and taxation 22,474 2,846 3,373 (2,795) (4,995) (576) 20,327
Inventory holding lossesa(104) (487) (3) – – – (594)
Profit (loss) before interest and taxation 22,370 2,359 3,370 (2,795) (4,995) (576) 19,733
Finance costs (1,125)
Net finance income relating to pensions and other
post-retirement benefits 201
Profit before taxation 18,809
Other income statement items
Depreciation, depletion and amortization 10,309 1,769 – 403 – – 12,481
Impairment losses 3,046 2,892 – 320 – – 6,258
Impairment reversals (289) (1) – (3) – – (293)
Fair value (gain) loss on embedded derivatives (347) – – – – – (347)
Charges for provisions, net of write-back of unused
provisions and derecognition of provisions, including
change in discount rate 898 142 – 505 6,074 – 7,619
Segment assets
Equity-accounted investments 11,084 6,567 – 1,071 – – 18,722
Additions to non-current assets 21,935 5,045 – 1,419 – – 28,399
Additions to other investments 33
Element of acquisitions not related to non-current
assets (72)
Additions to decommissioning asset (4,018)
Capital expenditure and acquisitions 17,859 5,048 – 1,435 – – 24,342
aSee explanation of inventory holding gains and losses on page 203.
204 Financial statements
BP Annual Report and Form 20-F 2012