BP 2008 Annual Report Download - page 125
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BP Annual Report and Accounts 2008
Notes on financial statements
6. Segmental analysis continued
$ million
2007
Consolidation
adjustment
Rest of Rest of and
By geographical area UK Europe US World eliminations Total
Sales and other operating revenues
Segment sales and other operating revenues 109,800 78,366 105,120 74,462 – 367,748
Less: sales between areas (48,651) (12,024) (2,801) (19,907) – (83,383)
Third party sales 61,149 66,342 102,319 54,555 – 284,365
Equity-accounted earnings 1 55 144 3,632 – 3,832
Interest and other revenues 222 78 142 312 – 754
Total revenues 61,372 66,475 102,605 58,499 – 288,951
Segment results
Profit before interest and taxation 4,613 4,164 7,439 16,136 – 32,352
Finance costs and net finance income relating to pensions and
other post-retirement benefits (17) (287) (524) 87 – (741)
Profit before taxation 4,596 3,877 6,915 16,223 – 31,611
Taxation (2,027) (949) (2,593) (4,873) – (10,442)
Profit for the year 2,569 2,928 4,322 11,350 – 21,169
Assets and liabilities
Segment assets 53,065 34,658 81,911 76,504 (10,767) 235,371
Current tax receivable 3 27 468 207 – 705
Total assets 53,068 34,685 82,379 76,711 (10,767) 236,076
Includes
Equity-accounted investments 142 1,970 1,659 18,921 – 22,692
Segment liabilities (30,043) (18,985) (31,314) (18,307) 10,767 (87,882)
Current tax payable (963) (658) (104) (1,557) – (3,282)
Finance debt (20,085) (200) (8,238) (2,522) – (31,045)
Deferred tax liabilities (3,397) (1,124) (10,656) (4,038) – (19,215)
Total liabilities (54,488) (20,967) (50,312) (26,424) 10,767 (141,424)
Other segment information
Capital expenditure and acquisitions
Goodwill and other intangible assets 453 298 817 1,285 – 2,853
Property, plant and equipment 1,141 2,489 6,516 6,741 – 16,887
Other 78 253 154 416 – 901
Tot al 1,672 3,040 7,487 8,442 – 20,641
Depreciation, depletion and amortization 2,133 959 3,558 3,929 – 10,579
Exploration expense 46 – 252 458 – 756
Impairment losses 315 136 723 387 – 1,561
Impairment reversals – – 237 – – 237
Losses on sale of businesses and fixed assets 2 77 233 43 – 355
Gains on sale of businesses and fixed assets 893 655 770 169 – 2,487
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