BP 2009 Annual Report Download - page 60
Download and view the complete annual report
Please find page 60 of the 2009 BP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
 |
 |
Non-operating items
Non-operating items are charges and credits arising in consolidated
entities that BP discloses separately because it considers such
disclosures to be meaningful and relevant to investors. The main
categories of non-operating items in the periods presented are:
impairments; gains or losses on sale of fixed assets and the sale of
businesses; environmental remediation costs; restructuring, integration
and rationalization costs; and changes in the fair value of embedded
derivatives. These disclosures are provided in order to enable investors
better to understand and evaluate the group’s financial performance.
These items are not separately recognized under IFRS. An analysis of
non-operating items is shown in the table below.
BP Annual Report and Accounts 2009
Business review
$ million
2009 2008 2007
Exploration and Production
Impairment and gain (loss) on sale of businesses and fixed assets 1,574 (1,015) 857
Environmental and other provisions 3(12) (12)
Restructuring, integration and rationalization costs (10) (57) (186)
Fair value gain (loss) on embedded derivatives 664 (163) –
Other 34 257 (168)
2,265 (990) 491
Refining and Marketing
Impairment and gain (loss) on sale of businesses and fixed assetsa(1,604) 801 (35)
Environmental and other provisions (219) (64) (138)
Restructuring, integration and rationalization costs (907) (447) (118)
Fair value gain (loss) on embedded derivatives (57) 57 –
Other 184 – (661)
(2,603) 347 (952)
Other businesses and corporate
Impairment and gain (loss) on sale of businesses and fixed assets (130) (166) (14)
Environmental and other provisions (75) (117) (35)
Restructuring, integration and rationalization costs (183) (254) (34)
Fair value gain (loss) on embedded derivatives –(5) (7)
Other (101) (91) (172)
(489) (633) (262)
Total before taxation (827) (1,276) (723)
Taxation credit (charge)b(240) 480 350
Total after taxation (1,067) (796) (373)
aIncludes $1,579 million in relation to the impairment of goodwill allocated to the US West Coast fuels value chain.
bThe amounts shown for taxation are based upon the effective tax rate on group profit. In 2009, no tax credit has been calculated on the goodwill impairment in Refining and Marketing because the
charge is not tax deductible.
58