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

Parent company financial statements of BP p.l.c.Company balance sheetAt 31 December$ millionNote 2011 2010Fixed assetsInvestmentsSubsidiary undertakings 3 126,360 122,649Associated undertakings 3 2 2Total fixed assets 126,362 122,651Current assetsDebtors – amounts falling due:Within one year 4 17,698 14,444After more than one year 4 38 38Deferred taxation 2 – 70Cash at bank and in hand – 417,736 14,556Creditors – amounts falling due within one year 5 2,418 2,385Net current assets 15,318 12,171Total assets less current liabilities 141,680 134,822Creditors – amounts falling due after more than one year 5 4,299 4,293Net assets excluding pension plan surplus 137,381 130,529Defined benefit pension plan surplus 6 – 1,537Defined benefit pension plan deficit 6 (2,088) (147)Net assets 135,293 131,919Represented byCapital and reservesCalled-up share capital 7 5,224 5,183Share premium account 8 9,952 9,987Capital redemption reserve 8 1,072 1,072Merger reserve 8 26,509 26,509Own shares 8 (388) (126)Treasury shares 8 (20,935) (21,085)Share-based payment reserve 8 1,574 1,585Profit and loss account 8 112,285 108,794135,293 131,919The financial statements on pages PC2-PC14 were approved and signed by the chairman and group chief executive on 6 March 2012 having been dulyauthorized to do so by the board of directors:C-H Svanberg ChairmanR W Dudley Group Chief ExecutiveThe parent company financial statements of BP p.l.c. on pages PC1 – PC14 do not form part of BP’s Annual Report on Form 20-F as filed with the SEC.PC2 BP Annual Report and Form 20-F 2011