BP 2010 Annual Report Download - page 263

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ParentcompanynancialstatementsofBPp.l.c.
Financial statements
7.Called-upsharecapital
Theallotted,called-upandfullypaidsharecapitalat31Decemberwasasfollows:
 2010  2009
    Shares  Shares
Issued (thousand) $ million (thousand) $million
8%cumulativerstpreferencesharesof£1each     7,233 12 7,233 12
9%cumulativesecondpreferencesharesof£1each     5,473 9 5,473 9
     21  21
Ordinarysharesof25centseach
 At1January    20,629,665 5,158 20,618,458 5,155
 Issueofnewsharesforemployeeshareschemes     17,495 4 11,207 3
31December    20,647,160 5,162 20,629,665 5,158
     5,183  5,179
Authorized
8%cumulativerstpreferencesharesof£1each     7,250 12 7,250 12
9%cumulativesecondpreferencesharesof£1each     5,500 9 5,500 9
Ordinarysharesof25centseach    36,000,000 9,000 36,000,000 9,000
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Votingonsubstantiveresolutionstabledatageneralmeetingisonapoll.Onapoll,shareholderspresentinpersonorbyproxyhavetwovotesforevery£5
innominalamountoftherstandsecondpreferencesharesheldandonevoteforeveryordinaryshareheld.Onashow-of-handsvoteonotherresolutions
(proceduralmatters)atageneralmeeting,shareholderspresentinpersonorbyproxyhaveonevoteeach.
Intheeventofthewindingupofthecompany,preferenceshareholderswouldbeentitledtoasumequaltothecapitalpaiduponthepreference
sharesplusanamountinrespectofaccruedandunpaiddividendsandapremiumequaltothehigherof(i)10%ofthecapitalpaiduponthepreference
sharesand(ii)theexcessoftheaveragemarketpriceofsuchsharesontheLondonStockExchangeduringtheprevioussixmonthsoverparvalue.
Repurchase of ordinary share capital
Thecompanydidnotpurchaseanyordinarysharesin2010(2009noordinaryshareswerepurchasedand2008269,757,188ordinaryshareswere
purchasedfortotalconsiderationof$2,914millionofwhichallwereforcancellation).At31December2010,1,850,698,774sharesofnominalvalue
$462millionwereheldintreasury(20091,869,777,323sharesofnominalvalue$467millionand20081,888,151,157sharesofnominalvalue
$472million).Therewerenotransactioncostsforsharepurchasesin2010(2009niland2008$16million).
8.Capitalandreserves
$million
Share Capital Share-based Prot
Share premium redemption Merger Own Treasury payment and loss
capital account reserve reserve shares shares reserve account Total
At1January2010 5,179 9,847 1,072 26,509 (214) (21,303) 1,519 96,564 119,173
Currencytranslationdifferences – – – – – – – (45) (45)
Actuarialgainonpensions
 (netoftax) – – – – – – – 276 276
Share-basedpayments 4 140 – – 88 218 66 (150) 366
Protfortheyear – – – – – – – 14,776 14,776
Dividends  – – – – – – – (2,627) (2,627)
At31December2010 5,183 9,987 1,072 26,509 (126) (21,085) 1,585 108,794 131,919
$million
     Share Capital    Share-based Prot
    Share premium redemption Merger Own Treasury payment andloss
    capital account reserve reserve shares shares reserve account Total
At1January2009 5,176 9,763 1,072 26,509 (326) (21,513) 1,271 72,840 94,792
Currencytranslationdifferences – – – – – – – 104 104
Actuariallossonpensions
 (netoftax) – – – – – – – (421) (421)
Share-basedpayments 3 84 – – 112 210 248 – 657
Protfortheyear – – – – – – – 34,524 34,524
Dividends  – – – – – – – (10,483) (10,483)
At31December2009 5,179 9,847 1,072 26,509 (214) (21,303) 1,519 96,564 119,173
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TheparentcompanynancialstatementsofBPp.l.c.onpagesPC1–PC16donotformpartofBP’sAnnualReportonForm20-FasledwiththeSEC.
BPAnnualReportandForm20-F2010 PC11