BP 2014 Annual Report Download - page 125

4. Segmental analysis – continued
$ million
2013
By business Upstream Downstream Rosneft TNK-BP
Other
businesses
and
corporate
Gulf of
Mexico
oil spill
response
Consolidation
adjustment
and
eliminations
Total
group
Segment revenues
Sales and other operating revenues 70,374 351,195 – – 1,805 – (44,238) 379,136
Less: sales and other operating revenues
between segments (42,327) (1,045) – – (866) – 44,238 –
Third party sales and other operating revenues 28,047 350,150 – – 939 – – 379,136
Equity-accounted earnings 1,027 195 2,058 – (91) – – 3,189
Segment results
Replacement cost profit (loss) before interest
and taxation 16,657 2,919 2,153 12,500 (2,319) (430) 579 32,059
Inventory holding gains (losses)a4 (194) (100) – – – – (290)
Profit (loss) before interest and taxation 16,661 2,725 2,053 12,500 (2,319) (430) 579 31,769
Finance costs (1,068)
Net finance expense relating to pensions and
other post-retirement benefits (480)
Profit before taxation 30,221
Other income statement items
Depreciation, depletion and amortizationb
US 3,538 747 – – 181 – – 4,466
Non-US 7,514 1,343 – – 187 – – 9,044
Fair value (gain) loss on embedded derivatives (459) – – – – – – (459)
Charges for provisions, net of write-back of
unused provisions, including change in
discount rate 161 270 – – 295 1,855 – 2,581
Segment assets
Equity-accounted investments 7,780 3,302 13,681 – 1,072 – – 25,835
Additions to non-current assetsc19,499 4,449 11,941 – 1,027 – – 36,916
Additions to other investments 41
Element of acquisitions not related to non-
current assets 39
Additions to decommissioning asset (384)
Capital expenditure and acquisitions 19,115 4,506 11,941 – 1,050 – – 36,612
aSee explanation of inventory holding gains and losses on page 119.
bIt is estimated that the benefit arising from the absence of depreciation for the assets held for sale at 31 December 2012 until their disposal in 2013 amounted to approximately $201 million.
cIncludes additions to property, plant and equipment; goodwill; intangible assets; investments in joint ventures; and investments in associates.
Financial statements
BP Annual Report and Form 20-F 2014 121