BP 2013 Annual Report Download - page 240

Selected financial information
This information, insofar as it relates to 2013, has been extracted or derived from the audited consolidated financial statements of the BP group
presented on page 115. Note 1 to the financial statements includes details on the basis of preparation of these financial statements. The selected
information should be read in conjunction with the audited financial statements and related notes elsewhere herein. Comparative financial information
for 2009-12 has been restated to reflect the adoption of amendments to IAS 19 ‘Employee Benefits’. Financial information for 2011 and 2012 has also
been restated to reflect the adoption of IFRS 11 ‘Joint Arrangements’. For further information see Financial statements – Note 1.
$ million except per share amounts
2013 2012 2011 2010 2009
Income statement data
Sales and other operating revenues 379,136 375,765 375,713 297,107 239,272
Underlying replacement cost profit before interest and taxationa22,776 26,454 33,601 31,704 22,673
Net favourable (unfavourable) impact of non-operating items and fair value
accounting effectsa9,283 (6,091) 3,580 (37,190) (169)
Replacement cost profit (loss) before interest and taxationa32,059 20,363 37,181 (5,486) 22,504
Inventory holding gains (losses)b(290) (594) 2,634 1,784 3,922
Profit (loss) before interest and taxation 31,769 19,769 39,815 (3,702) 26,426
Finance costs and net finance expense relating to pensions and other
post-retirement benefits (1,548) (1,638) (1,587) (1,605) (1,609)
Taxation (6,463) (6,880) (12,619) 1,638 (8,273)
Profit (loss) for the year 23,758 11,251 25,609 (3,669) 16,544
Profit (loss) for the year attributable to BP shareholders 23,451 11,017 25,212 (4,064) 16,363
Inventory holding (gains) lossesb, net of taxation 230 411 (1,800) (1,195) (2,623)
Replacement cost profit (loss) for the year attributable to BP shareholdersa23,681 11,428 23,412 (5,259) 13,740
Non-operating items and fair value accounting effectsa, net of taxation (10,253) 5,643 (2,242) 25,436 622
Underlying replacement cost profit for the year attributable to BP shareholdersa13,428 17,071 21,170 20,177 14,362
Per ordinary share – cents
Profit (loss) for the year attributable to BP shareholders
Basic 123.87 57.89 133.35 (21.64) 87.34
Diluted 123.12 57.50 131.74 (21.64) 86.40
Replacement cost profit (loss) for the year attributable to BP shareholders 125.08 60.05 123.83 (28.01) 73.34
Underlying replacement cost profit for the year attributable to BP shareholders 70.92 89.70 111.97 107.39 76.66
Dividends paid per share – cents 36.50 33.00 28.00 14.00 56.00
– pence 23.399 20.852 17.404 8.679 36.417
Capital expenditure and acquisitionsc36,612 25,204 31,959 23,016 20,309
Acquisitions and asset exchanges 71 200 11,283 3,406 308
Organic capital expenditured24,600 23,950 19,580 18,218 20,001
Balance sheet data (at 31 December)
Total assets 305,690 300,466 292,907 272,262 235,968
Net assets 130,407 119,752 112,585 95,891 102,113
Share capital 5,129 5,261 5,224 5,183 5,179
BP shareholders’ equity 129,302 118,546 111,568 94,987 101,613
Finance debt due after more than one year 40,811 38,767 35,169 30,710 25,518
Net debt to net debt plus equitye16.2% 18.7% 20.4% 21.2% 20.4%
Ordinary share datafShares million
Basic weighted average number of shares 18,931 19,028 18,905 18,786 18,732
Diluted weighted average number of shares 19,046 19,158 19,136 18,998 18,936
aRC profit or loss for the group, underlying RC profit or loss and fair value accounting effects are not recognized GAAP measures. For further information, see pages 237 and 238 and Certain definitions
on page 269.
bSee Certain definitions and also see Financial statements – Note 7 for an analysis of inventory holding gains and losses by segment.
cIncludes asset exchanges. All capital expenditure and acquisitions during the past five years have been financed from cash flow from operations, disposal proceeds and external financing.
dOrganic capital expenditure excludes acquisitions and asset exchanges, and: in 2013 $11,941 million relating to our investment in Rosneft; in 2012 $1,054 million associated with deepening our
US natural gas and North Sea asset bases; in 2011 $1,096 million associated with deepening our US natural gas bases; in 2010 $900 million relating to the formation of a partnership with Value Creation
Inc. to develop the Terre de Grace oil sands acreage and $492 million for the purchase of additional interests in the Valhall and Hod fields in the North Sea.
eNet debt and the ratio of net debt to net debt plus equity are not recognized GAAP measures. We believe these numbers are useful information to investors. Further information on net debt is given in
Financial statements – Note 28.
fThe number of ordinary shares shown has been used to calculate the per share amounts.
236 BP Annual Report and Form 20-F 2013