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

Consolidated financial statements of the BP grouphttp://www.bp.com/downloads/sociandcineGroup statement of comprehensive incomeFor the year ended 31 December$ millionNote 2011 2010 2009Profit (loss) for the year 26,097 (3,324) 16,759Currency translation differences (531) 259 1,826Exchange (gains) or losses on translation of foreign operations transferredto gain or loss on sale of businesses and fixed assets 19 (20) (27)Actuarial loss relating to pensions and other post-retirement benefits 37 (5,960) (320) (682)Available-for-sale investments marked to market (71) (191) 705Available-for-sale investments – recycled to the income statement (3) (150) 2Cash flow hedges marked to market 44 (65) 652Cash flow hedges – recycled to the income statement (195) (25) 366Cash flow hedges – recycled to the balance sheet (13) 53 136Share of equity-accounted entities’ other comprehensive income, net of tax (57) – –Taxation 18, 39 1,659 (137) 525Other comprehensive income (5,108) (596) 3,503Total comprehensive income 20,989 (3,920) 20,262Attributable toBP shareholders 39 20,605 (4,318) 20,137Minority interest 39 384 398 12520,989 (3,920) 20,262Group statement of changes in equity aSharecapitaland capitalOwnshares andtreasuryForeigncurrencytranslationreserves shares reserve reserves reserve account equity interest equityAt 1 January 2011 43,448 (21,211) 4,937 469 1,586 65,758 94,987 904 95,891Profit for the year – – – – – 25,700 25,700 397 26,097Other comprehensive income – – (515) (202) – (4,378) (5,095) (13) (5,108)Total comprehensive income – – (515) (202) – 21,322 20,605 384 20,989Dividends – – – – – (4,072) (4,072) (245) (4,317)Share-based payments(net of tax) 6 (112) – – (4) 102 (8) – (8)Transactions involvingminority interests – – – – – (47) (47) (26) (73)At 31 December 2011 43,454 (21,323) 4,422 267 1,582 83,063 111,465 1,017 112,482Fair valueShare–basedpaymentProfitand lossBPshareholders'Minority$ millionTotalAt 1 January 2010 43,304 (21,517) 4,811 776 1,584 72,655 101,613 500 102,113Profit (loss) for the year – – – – – (3,719) (3,719) 395 (3,324)Other comprehensive income – – 126 (307) – (418) (599) 3 (596)Total comprehensive income – – 126 (307) – (4,137) (4,318) 398 (3,920)Dividends – – – – – (2,627) (2,627) (315) (2,942)Share-based payments(net of tax) 144 306 – – 2 (113) 339 – 339Transactions involving minorityinterests – – – – – (20) (20) 321 301At 31 December 2010 43,448 (21,211) 4,937 469 1,586 65,758 94,987 904 95,891At 1 January 2009 43,217 (21,839) 2,353 (803) 1,295 67,080 91,303 806 92,109Profit for the year – – – – – 16,578 16,578 181 16,759Other comprehensive income – – 2,458 1,579 – (478) 3,559 (56) 3,503Total comprehensive income – – 2,458 1,579 – 16,100 20,137 125 20,262Dividends – – – – – (10,483) (10,483) (416) (10,899)Share-based payments(net of tax) 87 322 – – 289 23 721 – 721Changes in associates’ equity – – – – – (43) (43) – (43)Transactions involving minorityinterests – – – – – (22) (22) (15) (37)At 31 December 2009 43,304 (21,517) 4,811 776 1,584 72,655 101,613 500 102,113Financial statementsa See Note 39 for further information.BP Annual Report and Form 20-F 2011 179