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

Parent company financial statements of BP p.l.c.7. Called-up share capitalThe allotted, called-up and fully paid share capital at 31 December was as follows:2011 2010Shares(thousands) $ millionsShares(thousands) $millions8% cumulative first preference shares of £1 each a 7,233 12 7,233 129% cumulative second preference shares of £1 each a 5,473 9 5,473 921 21Ordinary shares of 25 cents eachAt 1 January 20,647,160 5,162 20,629,665 5,158Issue of new shares for the scrip dividend programme 165,601 41 – –Issue of new shares for employee share plans b 649 – 17,495 431 December 20,813,410 5,203 20,647,160 5,1625,224 5,183aThe nominal amount of 8% cumulative first preference shares and 9% cumulative second preference shares that can be in issue at any time shall not exceed £10,000,000 for each class ofpreference shares.bThe nominal value of new shares issued for the employee share plans in 2011 amounted to $162,000. Consideration received relating to the issue of new shares for employee share plans amounted to$4 million (2010 $138 million).Voting on substantive resolutions tabled at a general meeting is on a poll. On a poll, shareholders present in person or by proxy have two votes for every£5 in nominal amount of the first and second preference shares held and one vote for every ordinary share held. On a show-of-hands vote on otherresolutions (procedural matters) at a general meeting, shareholders present in person or by proxy have one vote each.In the event of the winding up of the company, preference shareholders would be entitled to a sum equal to the capital paid up on the preferenceshares plus an amount in respect of accrued and unpaid dividends and a premium equal to the higher of (i) 10% of the capital paid up on the preferenceshares and (ii) the excess of the average market price of such shares on the London Stock Exchange during the previous six months over par value.8. Capital and reservesSharecapitalSharepremiumaccountCapitalredemptionreserveMergerreserveOwnsharesTreasurysharesShare-basedpaymentreserveTotalAt 1 January 2011 5,183 9,987 1,072 26,509 (126) (21,085) 1,585 108,794 131,919Currency translation differences – – – – – – – 164 164Actuarial loss on pensions(net of tax) – – – – – – – (4,187) (4,187)Share-based payments – 6 – – (262) 150 (11) 102 (15)Profit for the year – – – – – – – 11,484 11,484Dividends 41 (41) – – – – – (4,072) (4,072)At 31 December 2011 5,224 9,952 1,072 26,509 (388) (20,935) 1,574 112,285 135,293Profitand lossaccount$ millionSharecapitalSharepremiumaccountCapitalredemptionreserveMergerreserveOwnsharesTreasurysharesShare-basedpaymentreserveTotalAt 1 January 2010 5,179 9,847 1,072 26,509 (214) (21,303) 1,519 96,564 119,173Currency translation differences – – – – – – – (45) (45)Actuarial gain on pensions(net of tax)– – – – – – – 276 276Share-based payments 4 140 – – 88 218 66 (150) 366Profit for the year – – – – – – – 14,776 14,776Dividends – – – – – – – (2,627) (2,627)At 31 December 2010 5,183 9,987 1,072 26,509 (126) (21,085) 1,585 108,794 131,919As a consolidated income statement is presented for the group, a separate income statement for the parent company is not required to be published.The profit and loss account reserve includes $24,107 million (2010 $24,107 million), the distribution of which is limited by statutory or otherrestrictions.The accounts for the year ended 31 December 2011 do not reflect the dividend announced on 7 February 2012 and payable in March 2012; this willbe treated as an appropriation of profit in the year ended 31 December 2012.Profitand lossaccount$ millionThe 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.PC10 BP Annual Report and Form 20-F 2011