BP Annual Report and Form 20-F 2011 - Company Reporting

Consolidated financial statements of the BP grouphttp://www.bp.com/downloads/incomestatementGroup income statementFor the year ended 31 December$ millionNote 2011 2010 2009Sales and other operating revenues 6 375,517 297,107 239,272Earnings from jointly controlled entities – after interest and tax 24 1,304 1,175 1,286Earnings from associates – after interest and tax 25 4,916 3,582 2,615Interest and other income 7 596 681 792Gains on sale of businesses and fixed assets 5 4,130 6,383 2,173Total revenues and other income 386,463 308,928 246,138Purchases 28 285,618 216,211 163,772Production and manufacturing expenses a 24,145 64,615 23,202Production and similar taxes 8 8,280 5,244 3,752Depreciation, depletion and amortization 9 11,135 11,164 12,106Impairment and losses on sale of businesses and fixed assets 5 2,058 1,689 2,333Exploration expense 15 1,520 843 1,116Distribution and administration expenses 11 13,958 12,555 14,038Fair value (gain) loss on embedded derivatives 33 (68) 309 (607)Profit (loss) before interest and taxation 39,817 (3,702) 26,426Finance costs a 17 1,246 1,170 1,110Net finance expense (income) relating to pensions and other post-retirement benefits 37 (263) (47) 192Profit (loss) before taxation 38,834 (4,825) 25,124Taxation a 18 12,737 (1,501) 8,365Profit (loss) for the year 26,097 (3,324) 16,759Attributable toBP shareholders 39 25,700 (3,719) 16,578Minority interest 39 397 395 18126,097 (3,324) 16,759Earnings per share – centsProfit (loss) for the year attributable to BP shareholdersBasic 20 135.93 (19.81) 88.49Diluted 20 134.29 (19.81) 87.54aSee Note 2 for information on the impact of the Gulf of Mexico oil spill on the income statement line items in 2011 and 2010.178 BP Annual Report and Form 20-F 2011