BP 2008 Annual Report Download - page 140

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25
Financial statements
BP Annual Report and Accounts 2008
Notes on financial statements
24. Goodwill
$ million
2008 2007
Cost and net book amount
At 1 January 11,006 10,780
Exchange adjustments (1,112) 126
Acquisitions 1270
Additions 39
Reclassified as assets held for sale (90)
Deletions (56) (80)
At 31 December 9,878 11,006
25. Intangible assets
$ million
2008 2007
Exploration Other Exploration Other
expenditure intangibles Total expenditure intangibles Total
Cost
At 1 January 5,637 2,898 8,535 4,590 2,396 6,986
Exchange adjustments (1) (175) (176) 3 49 52
Acquisitions 42 – 42 35 35
Additionsa4,738 354 5,092 2,000 548 2,548
Transfersb(415) (415) (506) – (506)
Deletions (576) (150) (726) (450) (130) (580)
At 31 December 9,425 2,927 12,352 5,637 2,898 8,535
Amortization
At 1 January 385 1,498 1,883 480 1,260 1,740
Exchange adjustments (60) (60) –25
Charge for the year 385 369 754 347 338 685
Impairment losses 200 – 200 ––
Deletions (576) (109) (685) (442) (125) (567)
At 31 December 394 1,698 2,092 385 1,498 1,883
Net book amount at 31 December 9,031 1,229 10,260 5,252 1,400 6,652
Net book amount at 1 January 5,252 1,400 6,652 4,110 1,136 5,246
aIncluded in additions to exploration expenditure in 2008 is $2,331 million in relation to BP’s purchase of interests in shale gas assets in the US.
bIncluded in transfers of exploration expenditure in 2007 is $84 million transferred to equity-accounted investments.
139