BP 2010 Annual Report Download - page 172
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Please find page 172 of the 2010 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.Notesonnancialstatements
7.Segmentalanalysiscontinued
$million
2008
Other Consolidation
Exploration Rening businesses adjustment
and and and and Total
Bybusiness Production Marketing corporate eliminations group
Segmentrevenues
Salesandotheroperatingrevenues 86,170 320,039 4,634 (49,700) 361,143
Less:salesbetweenbusinesses (45,931) (1,918) (1,851) 49,700 –
Thirdpartysalesandotheroperatingrevenues 40,239 318,121 2,783 – 361,143
Equity-accountedearnings 3,565 131 125 – 3,821
Interestrevenues 114 35 220 – 369
Segmentresults
Replacementcostprot(loss)beforeinterestandtaxation 38,308 4,176 (1,223) 466 41,727
Inventoryholdinglossesa (393) (6,060) (35) – (6,488)
Prot(loss)beforeinterestandtaxation 37,915 (1,884) (1,258) 466 35,239
Financecosts (1,547)
Netnanceincomerelatingtopensionsandotherpost-retirementbenets 591
Protbeforetaxation 34,283
Otherincomestatementitems
Depreciation,depletionandamortization 8,440 2,208 337 – 10,985
Impairmentlosses 1,186 159 227 – 1,572
Impairmentreversals 155 – – – 155
Fairvalue(gain)lossonembeddedderivatives 163 (57) 5 – 111
Chargesforprovisions,netofwrite-backofunusedprovisions 573 479 657 – 1,709
Segmentassets
Equity-accountedinvestments 20,131 6,622 1,073 – 27,826
Additionstonon-currentassets 21,584 6,636 1,802 – 30,022
Additionstootherinvestments 52
Elementofacquisitionsnotrelatedtonon-currentassets 11
Additionstodecommissioningasset 615
Capitalexpenditureandacquisitions 22,227 6,634 1,839 – 30,700
a
InventoryholdinggainsandlossesrepresentthedifferencebetweenthecostofsalescalculatedusingtheaveragecosttoBPofsuppliesacquiredduringtheperiodandthecostofsalescalculated
ontherst-inrst-out(FIFO)methodafteradjustingforanychangesinprovisionswherethenetrealizablevalueoftheinventoryislowerthanitscost.UndertheFIFOmethod,whichweuseforIFRS
reporting,thecostofinventorychargedtotheincomestatementisbasedonitshistoriccostofpurchase,ormanufacture,ratherthanitsreplacementcost.Involatileenergymarkets,thiscanhavea
signicantdistortingeffectonreportedincome.Theamountsdisclosedrepresentthedifferencebetweenthecharge(totheincomestatement)forinventoryonaFIFObasis(afteradjustingforanyrelated
movementsinnetrealizablevalueprovisions)andthechargethatwouldhavearisenifanaveragecostofsupplieswasusedfortheperiod.Forthispurpose,theaveragecostofsuppliesduringtheperiod
isprincipallycalculatedonamonthlybasisbydividingthetotalcostofinventoryacquiredintheperiodbythenumberofbarrelsacquired.Theamountsdisclosedarenotseparatelyreectedinthenancial
statementsasagainorloss.Noadjustmentismadeinrespectofthecostofinventoriesheldaspartofatradingpositionandcertainothertemporaryinventorypositions.
170BPAnnualReportandForm20-F2010