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

Notes on financial statementshttp://www.bp.com/downloads/segmentalanalysis6. Segmental analysis continuedExplorationandProductionRefiningandMarketingOtherbusinessesandcorporateGulf ofMexicooil spillresponseConsolidationadjustmentandeliminationsBy businessSegment revenuesSales and other operating revenues 66,266 266,751 3,328 – (39,238) 297,107Less: sales between businesses (37,049) (1,358) (831) – 39,238 –Third party sales and other operating revenues 29,217 265,393 2,497 – – 297,107Equity-accounted earnings 3,979 755 23 – – 4,757Interest revenues 83 46 109 – – 238Segment resultsReplacement cost profit (loss) before interest and taxation 30,886 5,555 (1,516) (40,858) 447 (5,486)Inventory holding gains a 84 1,684 16 – – 1,784Profit (loss) before interest and taxation 30,970 7,239 (1,500) (40,858) 447 (3,702)Finance costs (1,170)Net finance income relating to pensions and other post-retirementbenefits 47Loss before taxation (4,825)Other income statement itemsDepreciation, depletion and amortization 8,616 2,258 290 – – 11,164Impairment losses 1,259 144 113 – – 1,516Impairment reversals – (141) (7) – – (148)Fair value loss on embedded derivatives 309 – – – – 309Charges for provisions, net of write-back of unused provisions,including change in discount rate 303 275 206 30,266 – 31,050Segment assetsEquity-accounted investments b 20,379 7,043 840 – – 28,262Additions to non-current assets 20,113 4,030 1,226 – – 25,369Additions to other investments 20Element of acquisitions not related to non-current assets (401)Additions to decommissioning asset (1,972)Capital expenditure and acquisitions 17,753 4,029 1,234 – – 23,016aSee explanation of inventory holding gains and losses on page 200.bIncludes BP’s investment in Pan American Energy LLC following the termination of the sale agreement and the reinstatement of equity accounting. See Note 4 for further information.$ million2010Totalgroup202 BP Annual Report and Form 20-F 2011