BP 2007 Annual Report Download - page 190

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188
Company balance sheet
At 31 December $ million
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note 2007 2006
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed assets
Investments
Subsidiary undertakings 388,962 88,963
Associated undertakings 322
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total fixed assets 88,964 88,965
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Current assets
Debtors – amounts falling due:
Within one year 4840 3,074
After more than one year 41,192 1,196
Deferred taxation 2123 165
Cash at bank and in hand 244
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2,399 4,435
Creditors – amounts falling due within one year 53,125 5,216
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Net current liabilities (726) (781)
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Total assets less current liabilities 88,238 88,184
Creditors – amounts falling due after more than one year 571 57
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Net assets excluding pension plan surplus 88,167 88,127
Defined benefit pension plan surplus 65,338 4,067
Defined benefit pension plan deficit 6(81) (76)
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Net assets 93,424 92,118
Represented by
Capital and reserves
Called up share capital 75,237 5,385
Share premium account 89,581 9,074
Capital redemption reserve 81,005 839
Merger reserve 826,509 26,504
Other reserve 85
Own shares 8(60) (154)
Treasury shares 8(22,112) (22,182)
Share-based payment reserve 8982 789
Profit and loss account 872,282 71,858
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
93,424 92,118
The financial statements on pages 188-201 were approved by a duly appointed and authorized committee of the board of directors on 22 February
2008 and were signed on its behalf by:
P D Sutherland Chairman
Dr A B Hayward Group Chief Executive