BP 2008 Annual Report Download - page 194

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Financial statements
BP Annual Report and Accounts 2008
Parent company financial statements of BP p.l.c.
Company balance sheet
At 31 December $ million
Note 2008 2007
Fixed assets
Investments
Subsidiary undertakings 3 88,971 88,962
Associated undertakings 3 2 2
Total fixed assets 88,973 88,964
Current assets
Debtors – amounts falling due:
Within one year 4 6,129 840
After more than one year 4 1,174 1,192
Deferred taxation 2 77 123
Cash at bank and in hand 11 244
7,391 2,399
Creditors – amounts falling due within one year 5 2,609 3,125
Net current assets 4,782 (726)
Total assets less current liabilities 93,755 88,238
Creditors – amounts falling due after more than one year 5 80 71
Net assets excluding pension plan surplus 93,675 88,167
Defined benefit pension plan surplus 6 1,185 5,338
Defined benefit pension plan deficit 6 (68) (81)
Net assets 94,792 93,424
Represented by
Capital and reserves
Called-up share capital 7 5,176 5,237
Share premium account 8 9,763 9,581
Capital redemption reserve 8 1,072 1,005
Merger reserve 8 26,509 26,509
Own shares 8 (326) (60)
Treasury shares 8 (21,513) (22,112)
Share-based payment reserve 8 1,271 982
Profit and loss account 8 72,840 72,282
94,792 93,424
The financial statements on pages 193-207 were approved by a duly appointed and authorized committee of the board of directors on 24 February
2009 and were signed on its behalf by:
P D Sutherland Chairman
Dr A B Hayward Group Chief Executive
193