BP 2011 Annual Report Download - page 286

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PC2 BP Annual Report and Form 20-F 2011
Parent company financial statements of BP p.l.c.
The parent company financial statements of BP p.l.c. on pages PC1 – PC14 do not form part of BP’s Annual Report on Form 20-F as filed with the SEC.
Company balance sheet
At 31 December $ million
Note 2011 2010
Fixed assets
Investments
Subsidiary undertakings 3126,360 122,649
Associated undertakings 322
Total fixed assets 126,362 122,651
Current assets
Debtors – amounts falling due:
Within one year 417,698 14,444
After more than one year 438 38
Deferred taxation 270
Cash at bank and in hand 4
17,736 14,556
Creditors – amounts falling due within one year 52,418 2,385
Net current assets 15,318 12,171
Total assets less current liabilities 141,680 134,822
Creditors – amounts falling due after more than one year 54,299 4,293
Net assets excluding pension plan surplus 137,381 130,529
Defined benefit pension plan surplus 61,537
Defined benefit pension plan deficit 6(2,088) (147)
Net assets 135,293 131,919
Represented by
Capital and reserves
Called-up share capital 75,224 5,183
Share premium account 89,952 9,987
Capital redemption reserve 81,072 1,072
Merger reserve 826,509 26,509
Own shares 8(388) (126)
Treasury shares 8(20,935) (21,085)
Share-based payment reserve 81,574 1,585
Profit and loss account 8112,285 108,794
135,293 131,919
The financial statements on pages PC2-PC14 were approved and signed by the chairman and group chief executive on 6 March 2012 having been duly
authorized to do so by the board of directors:
C-H Svanberg Chairman
R W Dudley Group Chief Executive