BP 2009 Annual Report Download - page 111

Financial statements
110 Consolidated financial statements
of the BP group
Statement of directors’ responsibilities in respect of the
consolidated financial statements 110
Independent auditor’s report to the members of BP p.l.c. 111
Group income statement 112
Group statement of comprehensive income 113
Group statement of changes in equity 113
Group balance sheet 114
Group cash flow statement 115
116 Notes on financial statements
1 Significant accounting policies 116
2 Acquisitions 124
3 Disposals and impairment 124
4 Segmental analysis 126
5 Interest and other income 131
6 Production and similar taxes 131
7 Depreciation, depletion and amortization 131
8 Impairment review of goodwill 132
9 Distribution and administration expenses 134
10 Currency exchange gains and losses 134
11 Research and development 134
12 Operating leases 134
13 Exploration for and evaluation of oil and natural gas resources 135
14 Auditor's remuneration 136
15 Finance costs 136
16 Taxation 137
17 Dividends 139
18 Earnings per ordinary share 139
19 Property, plant and equipment 140
20 Goodwill 141
21 Intangible assets 141
22 Investments in jointly controlled entities 142
23 Investments in associates 143
24 Financial instruments and financial risk factors 144
25 Other investments 150
26 Inventories 150
27 Trade and other receivables 150
28 Cash and cash equivalents 151
29 Valuation and qualifying accounts 151
30 Trade and other payables 151
31 Derivative financial instruments 152
32 Finance debt 158
33 Capital disclosures and analysis of changes in net debt 159
34 Provisions 160
35 Pensions and other post-retirement benefits 161
36 Called up share capital 167
37 Capital and reserves 168
38 Share-based payments 172
39 Employee costs and numbers 174
40 Remuneration of directors and senior management 175
41 Contingent liabilities 176
42 Capital commitments 176
43 Subsidiaries, jointly controlled entities and associates 177
179 Supplementary information on
oil and natural gas (unaudited)
193 Parent company financial
statements of BP p.l.c.
Statement of directors’ responsibilities in respect
of the parent company financial statements 193
Independent auditor’s report to the members of BP p.l.c. 194
Company balance sheet 195
Company cash flow statement 196
Company statement of total recognized gains and losses 196
Notes on financial statements
1 Accounting policies 197
2 Taxation 198
3 Fixed assets – investments 199
4 Debtors 199
5 Creditors 200
6 Pensions 200
7 Called up share capital 203
8 Capital and reserves 203
9 Cash flow 204
10 Contingent liabilities 204
11 Share-based payments 205
12 Auditor's remuneration 208
13 Directors’ remuneration 208
Financial statements