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

Notes on financial statements46. Condensed consolidating information on certain US subsidiaries continuedIncome statement continued$ millionFor the year ended 31 December 2009Issuer GuarantorBPExploration(Alaska) Inc. BP p.l.c.OthersubsidiariesEliminationsandreclassifications BP groupSales and other operating revenues 4,189 – 239,272 (4,189) 239,272Earnings from jointly controlled entities – after interest and tax – – 1,286 – 1,286Earnings from associates – after interest and tax – – 2,615 – 2,615Equity-accounted income of subsidiaries – after interest and tax 838 17,315 – (18,153) –Interest and other revenues 17 144 832 (201) 792Gains on sale of businesses and fixed assets – 9 2,173 (9) 2,173Total revenues and other income 5,044 17,468 246,178 (22,552) 246,138Purchases 510 – 167,451 (4,189) 163,772Production and manufacturing expenses 970 – 22,232 – 23,202Production and similar taxes 602 – 3,150 – 3,752Depreciation, depletion and amortization 424 – 11,682 – 12,106Impairment and losses on sale of businesses and fixed assets – – 2,333 – 2,333Exploration expense – – 1,116 – 1,116Distribution and administration expenses 27 1,145 12,974 (108) 14,038Fair value gain on embedded derivatives – – (607) – (607)Profit before interest and taxation 2,511 16,323 25,847 (18,255) 26,426Finance costs 22 26 1,155 (93) 1,110Net finance (income) expense relating to pensions andother post-retirement benefits 10 (310) 492 – 192Profit before taxation 2,479 16,607 24,200 (18,162) 25,124Taxation 583 20 7,762 – 8,365Profit for the year 1,896 16,587 16,438 (18,162) 16,759Attributable toBP shareholders 1,896 16,587 16,257 (18,162) 16,578Minority interest – – 181 – 1811,896 16,587 16,438 (18,162) 16,759Financial statementsBP Annual Report and Form 20-F 2011 255