BP 2007 Annual Report Download - page 194

192
3 Fixed assets – investments
$ million
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Subsidiary Associated
undertakings undertakings
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Shares Shares Loans Total
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Cost
At 1 January 2007 89,037 2 2 89,041
Additions 7––
Deletions (8) – – (8)
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At 31 December 2007 89,036 2 2 89,040
Amounts provided
At 1 January 2007 74 – 2 76
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At 31 December 2007 74 – 2 76
Cost
At 1 January 2006 89,775 2 2 89,779
Additions 1,397 – – 1,397
Deletions (2,135) – – (2,135)
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At 31 December 2006 89,037 2 2 89,041
Amounts provided
At 1 January 2006 17 – 2 19
Provided in year 57 – – 57
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At 31 December 2006 74 – 2 76
Net book amount
At 31 December 2007 88,962 2 – 88,964
At 31 December 2006 88,963 2 – 88,965
The more important subsidiary undertakings of the company at 31 December 2007 and the percentage holding of ordinary share capital (to the nearest
whole number) are set out below. The principal country of operation is generally indicated by the company’s country of incorporation or by its name. A
complete list of investments in subsidiary undertakings, joint ventures and associated undertakings will be attached to the company’s annual return
made to the Registrar of Companies.
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Country of
Subsidiary undertakings % incorporation Principal activities
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International
BP Global Investments 100 England Investment holding
BP International 100 England Integrated oil operations
BP Holdings North Americaa100 England Investment holding
BP Shipping 100 England Shipping
BP Corporate Holdings 100 England Investment holding
Burmah Castrol 100 Scotland Lubricants
The carrying value of BP International Ltd in the accounts of the company at 31 December 2007 was $30.25 billion (2006 $30.25 billion).
aDuring the year the company disposed of its holding in BP America Inc to BP Holdings North America Ltd, receiving shares in BP Holdings North America Ltd in return. This
was accounted for as a share-for-share exchange, and has not affected overall cost of investments.
4Debtors
$ million
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2007 2006
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Within After Within After
1 year 1 year 1 year 1 year
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Group undertakings 835 1,153 2,890 1,157
Other 539184 39
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840 1,192 3,074 1,196
The carrying amounts of debtors approximate their fair value.
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