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BP » Topics » Note 8 - Analysis of changes in net debt

This excerpt taken from the BP 6-K filed Aug 9, 2007.

Note 8 – Analysis of changes in net debt

    Three months ended
30 June
(Unaudited)		   Six months ended
30 June
(Unaudited)		  
    2007   2006   2007   2006  
   
 
 
    ($ million)  
Opening balance                  
Finance debt   23,728   18,679   24,010   19,162  
Less: Cash and cash equivalents   1,956   2,939   2,590   2,960  
   
 
 
 
 
Opening net debt   21,772   15,740   21,420   16,202  
   
 
 
 
 
Closing balance                  
Finance debt   23,754   19,286   23,754   19,286  
Less: Cash and cash equivalents   2,643   4,852   2,643   4,852  
   
 
 
 
 
Closing net debt   21,111   14,434   21,111   14,434  
   
 
 
 
 
Decrease (increase) in net debt   661   1,306   309   1,768  
   
 
 
 
 
                   
Movement in cash and cash equivalents (excluding
   exchange adjustments)		   661   1,949   16   1,914  
Net cash outflow (inflow) from financing (excluding share
   capital)		   79   (734 ) 413   (355 )
Fair value hedge adjustment   (51 ) 60   (81 ) 142  
Other movements   (13 ) 26   (24 ) 58  
   
 
 
 
 
Movement in net debt before exchange effects   676   1,301   324   1,759  
Exchange adjustments   (15 ) 5   (15 ) 9  
   
 
 
 
 
Decrease (increase) in net debt   661   1,306   309   1,768  
   
 
 
 
 

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BP p.l.c. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

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