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

Parent company financial statements of BP p.l.c.3. Fixed assets – investments continuedThe more important subsidiary undertakings of the company at 31 December 2011 and the percentage holding of ordinary share capital (to the nearestwhole number) are set out below. A complete list of investments in subsidiary undertakings, joint ventures and associated undertakings will be attachedto the company’s annual return made to the Registrar of Companies.%Country ofincorporationPrincipal activitiesInternationalBP Global Investments 100 England & Wales Investment holdingBP International 100 England & Wales Integrated oil operationsBP Holdings North America 100 England & Wales Investment holdingBP Corporate Holdings 100 England & Wales Investment holdingBurmah Castrol 100 Scotland LubricantsThe carrying value of BP International Ltd in the accounts of the company at 31 December 2011 was $62.63 billion (2010 $59.63 billion).4. DebtorsWithin1 year$ million2011 2010After WithinAfter1 year 1 year 1 yearGroup undertakings 17,695 38 14,440 38Other 3 – 4 –17,698 38 14,444 38The carrying amounts of debtors approximate their fair value.5. CreditorsWithin1 year$ million2011 2010After WithinAfter1 year 1 year 1 yearGroup undertakings 2,334 4,264 2,343 4,258Accruals and deferred income 28 35 23 35Dividends 1 – 1 –Other 55 – 18 –2,418 4,299 2,385 4,293The carrying amounts of creditors approximate their fair value.The maturity profile of the financial liabilities included in the balance sheet at 31 December is shown in the table below. These amounts areincluded within Creditors – amounts falling due after more than one year, and are denominated in US dollars.Amounts falling due after one year include $4,236 million payable to a group undertaking. This amount is subject to interest payable quarterly atLIBOR plus 55 basis points.$ million2011 2010Due within1 to 2 years 49 412 to 5 years 14 16More than 5 years 4,236 4,2364,299 4,293The 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.PC6 BP Annual Report and Form 20-F 2011