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BP » Topics » C APITALIZATION AND INDEBTEDNESS OF BP P.L.C.

This excerpt taken from the BP 424B5 filed Aug 7, 2009.

CAPITALIZATION AND INDEBTEDNESS OF BP P.L.C.

The following table shows the unaudited consolidated capitalization and indebtedness of the BP Group as of December 31, 2008 in accordance with IFRS:

 

     As of
December 31,
2008		  
     (US$ million)  

Share Capital

   

Authorized share capital (1)

    $ 9,021   
        

Capital shares (2-4)

      5,176   

Paid-in surplus (5)

      10,835   

Merger reserve (5)

      27,206   

Own shares

      (326 ) 

Available-for-sale investments

      63   

Cash flow hedges

      (866 ) 

Foreign currency translation reserve

      2,353   

Treasury Shares

      (21,513 ) 

Share-based payment reserve

      1,295   

Retained earnings

      67,080   
        

BP shareholders’ equity

      91,303   
        

Finance debt (6-9)

   

Due within one year

      15,740   

Due after more than one year

      17,464   
        

Total finance debt

      33,204   
        

Total Capitalization (10)

    $ 124,507   
        

 

(1) Authorized share capital comprises 36 billion ordinary shares, par value US$0.25 per share, and 12,750,000 cumulative preference shares, par value £1 per share.
(2) Issued share capital as of December 31, 2008 comprised 18,730,307,315 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,888,151,157 ordinary shares which have been bought back and held in treasury by BP, and which are not taken into consideration in relation to the payment of dividends and voting at shareholders’ meetings.
(3) Issued share capital as of March 4, 2009 comprised 18,734,552,755 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,885,206,361 ordinary shares which have been bought back and held in treasury by BP, and which are not taken into consideration in relation to the payment of dividends and voting at shareholders’ meetings.
(4) Capital shares represent the common stock of BP which has been issued and is fully paid.
(5) Paid-in surplus and merger reserve represent additional paid-in capital of BP which cannot normally be returned to shareholders.
(6) Finance debt recorded in currencies other than U.S. dollars has been translated into U.S. dollars at the relevant exchange rates existing on December 31, 2008.
(7) Obligations under finance leases are included in the above table.
(8) As of December 31, 2008, the parent company, BP p.l.c., had outstanding guarantees totaling US$30,063 million, of which US$30,008 million related to guarantees in respect of borrowings by its subsidiary undertakings. Thus 90% of the finance debt had been guaranteed by BP. BP has no material outstanding contingent liabilities. All of BP’s debt is unsecured.
(9) As of March 10, 2009, BP’s outstanding U.S. and Euro commercial paper, reported under finance debt due within one year in the above table, had increased by US$307 million equivalent; and BP’s finance debt due after more than one year had increased by US$2,081 million equivalent.
(10) Apart from the changes in notes 3 and 9 above, there has been no material change since December 31, 2008 in the consolidated capitalization, indebtedness or contingent liabilities for BP.

 

9

Table of Contents
This excerpt taken from the BP 424B5 filed May 5, 2009.

CAPITALIZATION AND INDEBTEDNESS OF BP P.L.C.

The following table shows the unaudited consolidated capitalization and indebtedness of the BP Group as of December 31, 2008 in accordance with IFRS:

 

     As of
December 31,
2008		  
     (US$ million)  

Share Capital

   

Authorized share capital (1)

    $ 9,021  
        

Capital shares (2-4)

      5,176  

Paid-in surplus (5)

      10,835  

Merger reserve (5)

      27,206  

Own shares

      (326 )

Available-for-sale investments

      63  

Cash flow hedges

      (866 )

Foreign currency translation reserve

      2,353  

Treasury Shares

      (21,513 )

Share-based payment reserve

      1,295  

Retained earnings

      67,080  
        

BP shareholders’ equity

      91,303  
        

Finance debt (6-9)

   

Due within one year

      15,740  

Due after more than one year

      17,464  
        

Total finance debt

      33,204  
        

Total Capitalization (10)

    $ 124,507  
        

 

(1) Authorized share capital comprises 36 billion ordinary shares, par value US$0.25 per share, and 12,750,000 cumulative preference shares, par value £1 per share.
(2) Issued share capital as of December 31, 2008 comprised 18,730,307,315 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,888,151,157 ordinary shares which have been bought back and held in treasury by BP, and which are not taken into consideration in relation to the payment of dividends and voting at shareholders’ meetings.
(3) Issued share capital as of March 4, 2009 comprised 18,734,552,755 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,885,206,361 ordinary shares which have been bought back and held in treasury by BP, and which are not taken into consideration in relation to the payment of dividends and voting at shareholders’ meetings.
(4) Capital shares represent the common stock of BP which has been issued and is fully paid.
(5) Paid-in surplus and merger reserve represent additional paid-in capital of BP which cannot normally be returned to shareholders.
(6) Finance debt recorded in currencies other than U.S. dollars has been translated into U.S. dollars at the relevant exchange rates existing on December 31, 2008.
(7) Obligations under finance leases are included in the above table.
(8) As of December 31, 2008, the parent company, BP p.l.c., had outstanding guarantees totaling US$30,063 million, of which US$30,008 million related to guarantees in respect of borrowings by its subsidiary undertakings. Thus 90% of the finance debt had been guaranteed by BP. BP has no material outstanding contingent liabilities. All of BP’s debt is unsecured.
(9) As of March 10, 2009, BP’s outstanding U.S. and Euro commercial paper, reported under finance debt due within one year in the above table, had increased by US$307 million equivalent; and BP’s finance debt due after more than one year had increased by US$2,081 million equivalent.
(10) Apart from the changes in notes 3 and 9 above, there has been no material change since December 31, 2008 in the consolidated capitalization, indebtedness or contingent liabilities for BP.

 

9

Table of Contents

EXCERPTS ON THIS PAGE:

424B5
Aug 7, 2009
424B5
May 5, 2009

RELATED TOPICS for BP:

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