BP 2013 Annual Report Download - page 126

Group income statement
For the year ended 31 December $ million
Note 2013 2012a2011a
Sales and other operating revenues 7 379,136 375,765 375,713
Earnings from joint ventures – after interest and tax 17 447 260 767
Earnings from associates – after interest and tax 18 2,742 3,675 4,916
Interest and other income 8 777 1,677 688
Gains on sale of businesses and fixed assets 5 13,115 6,697 4,132
Total revenues and other income 396,217 388,074 386,216
Purchases 21 298,351 292,774 285,133
Production and manufacturing expensesb27,527 33,926 24,163
Production and similar taxes 7 7,047 8,158 8,280
Depreciation, depletion and amortization 7 13,510 12,687 11,357
Impairment and losses on sale of businesses and fixed assets 5 1,961 6,275 2,058
Exploration expense 10 3,441 1,475 1,520
Distribution and administration expenses 13,070 13,357 13,958
Fair value gain on embedded derivatives 26 (459) (347) (68)
Profit before interest and taxation 31,769 19,769 39,815
Finance costsb81,068 1,072 1,187
Net finance expense relating to pensions and other post-retirement benefits 30 480 566 400
Profit before taxation 30,221 18,131 38,228
Taxationb11 6,463 6,880 12,619
Profit for the year 23,758 11,251 25,609
Attributable to
BP shareholders 32 23,451 11,017 25,212
Non-controlling interests 32 307 234 397
23,758 11,251 25,609
Earnings per share – cents
Profit for the year attributable to BP shareholders
Basic 13 123.87 57.89 133.35
Diluted 13 123.12 57.50 131.74
aSee Note 1 for information on the restatement of comparative amounts as a result of the adoption of IFRS 11 ‘Joint Arrangements’ and the amended IAS 19 ‘Employee Benefits’.
bSee Note 2 for information on the impact of the Gulf of Mexico oil spill on these income statement line items.
122 BP Annual Report and Form 20-F 2013