BP 2013 Annual Report Download - page 233

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3. Fixed assets – investments – continued
Subsidiary undertakings %
Country of
incorporation Principal activities
International
BP Corporate Holdings 100 England & Wales Investment holding
BP Global Investments 100 England & Wales Investment holding
BP International 100 England & Wales Integrated oil operations
BP Shipping 100 England & Wales Shipping
Burmah Castrol 100 Scotland Lubricants
South Africa
BP Southern Africa 75 South Africa Refining and marketing
US
BP Holdings North America 100 England & Wales Investment holding
The carrying value of BP International in the accounts of the company at 31 December 2013 was $62.63 billion (2012 $62.63 billion).
4. Debtors
$ million
2013 2012
Within
1 year
Within
1year
Group undertakings 21,550 17,496
21,550 17,496
The carrying amounts of debtors approximate their fair value.
5. Creditors
$ million
2013 2012
Within
1 year
After
1 year
Within
1year
After
1year
Group undertakings 2,526 4,584 2,376 4,274
Accruals and deferred income 1,540 58 27 38
Other creditors 201 201 175
4,267 4,642 2,604 4,487
The carrying amounts of creditors approximate their fair value.
Amounts falling due after one year include $4,236 million payable to a group undertaking. This amount is subject to interest payable quarterly at LIBOR
plus 55 basis points.
Other creditors includes an amount of $175 million payable in respect of the settlement with the US Securities and Exchange Commission described in
Note 2 of the consolidated financial statements.
The maturity profile of the financial liabilities included in the balance sheet at 31 December is shown in the table below. These amounts are included
within Creditors – amounts falling due after more than one year, and are denominated in US dollars.
$ million
2013 2012
Due within
1 to 2 years 372 230
2 to 5 years 22 17
More than 5 years 4,248 4,240
4,642 4,487
The parent company financial statements of BP p.l.c. on pages 224-234 do not form part of BP’s Annual Report on Form 20-F as filed with the SEC.
Financial statements
BP Annual Report and Form 20-F 2013 229