BP 2011 Annual Report Download - page 203

Financial statements
BP Annual Report and Form 20-F 2011 201
Notes on financial statements
6. Segmental analysis continued
$ million
2011
By business
Exploration
and
Production
Refining
and
Marketing
Other
businesses
and
corporate
Gulf of
Mexico
oil spill
response
Consolidation
adjustment
and
eliminations
Total
group
Segment revenues
Sales and other operating revenues 75,475 344,116 2,957 –(47,031) 375,517
Less: sales between businesses (44,766) (1,396) (869) –47,031 –
Third party sales and other operating revenues 30,709 342,720 2,088 – – 375,517
Equity-accounted earnings 5,466 787 (33) – – 6,220
Interest revenues (4) 25 146 – – 167
Segment results
Replacement cost profit (loss) before interest and taxation 30,500 5,474 (2,478) 3,800 (113) 37,183
Inventory holding gainsa132 2,487 15 – – 2,634
Profit (loss) before interest and taxation 30,632 7,961 (2,463) 3,800 (113) 39,817
Finance costs (1,246)
Net finance income relating to pensions and
other post-retirement benefits 263
Profit before taxation 38,834
Other income statement items
Depreciation, depletion and amortization 8,693 2,117 325 – – 11,135
Impairment losses 1,443 599 58 – – 2,100
Impairment reversals (146) – – – – (146)
Fair value (gain) loss on embedded derivatives (191) –123 – – (68)
Charges for provisions, net of write-back of unused provisions,
including change in discount rate 213 371 942 5,200 –6,726
Segment assets
Equity-accounted investments 21,054 6,731 1,024 – – 28,809
Additions to non-current assets 34,527 4,128 1,864 – – 40,519
Additions to other investments 25
Element of acquisitions not related to non-current assets (1,089)
Additions to decommissioning asset (7,937)
Capital expenditure and acquisitions 25,535 4,130 1,853 – – 31,518
a See explanation of inventory holding gains and losses on page 200.
http://www.bp.com/downloads/segmentalanalysis