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BP » Topics » CAPITALIZATION AND INDEBTEDNESS

These excerpts taken from the BP 424B5 filed Aug 7, 2009.

CAPITALIZATION AND INDEBTEDNESS

 

The following table shows the unaudited consolidated capitalization and indebtedness of the BP Group as of June 30, 2009 in accordance with IFRS:

 

     As of
June 30, 2009		  
     (US$ millions)  

Share capital

   

Authorized share capital (1)

    9,021   
      

Capital shares (2)-(4)

    5,177  

Paid-in surplus (5)

    10,848  

Merger reserve (5)

    27,206  

Own shares

    (292 ) 

Available-for-sale investments

    331  

Cash flow hedges

    (97 ) 

Foreign currency translation reserve

    4,297  

Treasury shares

    (21,426 ) 

Share-based payment reserve

    1,354  

Retained earnings

    68,843  

BP shareholders’ equity

    96,241   
      

Finance debt (6)-(9)

   

Due within one year

    12,018   

Due after more than one year

    24,222   
      

Total finance debt

    36,240   
      

Total Capitalization (10)

    132,481   
      

 

(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 June 30, 2009 comprised 18,739,978,922 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,880,519,202 ordinary shares which have been bought back and held in treasury by BP and 112,803,287 ordinary shares which have been bought back for cancellation. These shares are not taken into consideration in relation to the payment of dividends and voting at shareholders’ meetings.
(3)   Issued share capital as of July 31, 2009 comprised 18,743,295,217 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,877,375,131 ordinary shares which have been bought back and held in treasury by BP and 112,803,287 ordinary shares which have been bought back for cancellation. These shares are not taken into consideration in relation to the payment of dividends and voting at shareholders’ meetings.
(4)   Capital shares represent the ordinary shares of BP which have been issued and are 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 US dollars has been translated into US dollars at the relevant exchange rates existing on June 30, 2009.
(7)   Obligations under finance leases are included within finance debt in the above table.
(8)   As of June 30, 2009, the parent company, BP p.l.c., had outstanding guarantees totaling US$33,558 million, of which US$33,503 million related to guarantees in respect of borrowings by its subsidiary undertakings. Thus 92% 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 July 31, 2009, BP’s outstanding U.S. and Euro commercial paper, reported under finance debt due within one year in the above table, had decreased by US$1,155 million; and BP’s finance debt due after more than one year had decreased by US$1,060 million equivalent.
(10)   Apart from the changes in notes (3) and (9) above, there has been no material change since June 30, 2009 in the consolidated capitalization, indebtedness or contingent liabilities of BP.

 

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Table of Contents

CAPITALIZATION AND INDEBTEDNESS

STYLE="margin-top:0px;margin-bottom:0px"> 

The following table shows the unaudited consolidated capitalization and
indebtedness of the BP Group as of June 30, 2009 in accordance with IFRS:

 






































































































































   As of
June 30, 2009		 
   (US$ millions) 

Share capital

  

Authorized share capital (1)

  9,021  
    

Capital shares (2)-(4)

  5,177 

Paid-in surplus (5)

  10,848 

Merger reserve (5)

  27,206 

Own shares

  (292) 

Available-for-sale investments

  331 

Cash flow hedges

  (97) 

Foreign currency translation reserve

  4,297 

Treasury shares

  (21,426) 

Share-based payment reserve

  1,354 

Retained earnings

  68,843 

BP shareholders’ equity

  96,241  
    

Finance debt (6)-(9)

  

Due within one year

  12,018  

Due after more than one year

  24,222  
    

Total finance debt

  36,240  
    

Total Capitalization (10)

  132,481  
    

 






(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 June 30, 2009 comprised 18,739,978,922 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per
share. This excludes 1,880,519,202 ordinary shares which have been bought back and held in treasury by BP and 112,803,287 ordinary shares which have been bought back for cancellation. These shares are not taken into consideration in relation to the
payment of dividends and voting at shareholders’ meetings.





(3) Issued share capital as of July 31, 2009 comprised 18,743,295,217 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per
share. This excludes 1,877,375,131 ordinary shares which have been bought back and held in treasury by BP and 112,803,287 ordinary shares which have been bought back for cancellation. These shares are not taken into consideration in relation to the
payment of dividends and voting at shareholders’ meetings.





(4) Capital shares represent the ordinary shares of BP which have been issued and are 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 US dollars has been translated into US dollars at the relevant exchange rates existing on June 30, 2009.





(7) Obligations under finance leases are included within finance debt in the above table.





(8) As of June 30, 2009, the parent company, BP p.l.c., had outstanding guarantees totaling US$33,558 million, of which US$33,503 million related to guarantees in respect of
borrowings by its subsidiary undertakings. Thus 92% 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 July 31, 2009, BP’s outstanding U.S. and Euro commercial paper, reported under finance debt due within one year in the above table, had decreased by US$1,155
million; and BP’s finance debt due after more than one year had decreased by US$1,060 million equivalent.





(10) Apart from the changes in notes (3) and (9) above, there has been no material change since June 30, 2009 in the consolidated capitalization, indebtedness or
contingent liabilities of BP.

 


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Table of Contents


These excerpts taken from the BP 424B5 filed May 5, 2009.

CAPITALIZATION AND INDEBTEDNESS

 

The following table shows the unaudited consolidated capitalization and indebtedness of the BP Group as of March 31, 2009 in accordance with IFRS:

 

     As of
March 31, 2009		  
     (US$ millions)  

Share capital

   

Authorized share capital (1)

    9,021  
      

Capital shares (2)-(4)

    5,176  

Paid-in surplus (5)

    10,843  

Merger reserve (5)

    27,206  

Own shares

    (301 )

Available-for-sale investments

    142  

Cash flow hedges

    (783 )

Foreign currency translation reserve

    1,298  

Treasury shares

    (21,457 )

Share-based payment reserve

    1,252  

Retained earnings

    67,097  

BP shareholders’ equity

    90,473  
      

Finance debt (6)-(9)

   

Due within one year

    15,260  

Due after more than one year

    19,438  
      

Total finance debt

    34,698  
      

Total Capitalization (10)

    125,171  
      

 

(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 March 31, 2009 comprised 18,736,526,283 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,883,254,133 ordinary shares which have been bought back and held in treasury by BP and 112,803,287 ordinary shares which have been bought back for cancellation. These shares are not taken into consideration in relation to the payment of dividends and voting at shareholders’ meetings.
(3)   Issued share capital as of April 27, 2009 comprised 18,737,193,444 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,882,586,972 ordinary shares which have been bought back and held in treasury by BP and 112,803,287 ordinary shares which have been bought back for cancellation. These shares are not taken into consideration in relation to the payment of dividends and voting at shareholders’ meetings.
(4)   Capital shares represent the ordinary shares of BP which have been issued and are 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 US dollars has been translated into US dollars at the relevant exchange rates existing on March 31, 2009.
(7)   Obligations under finance leases are included within finance debt in the above table.
(8)   As of March 31, 2009, the parent company, BP p.l.c., had outstanding guarantees totaling US$31,662 million, of which US$31,607 million related to guarantees in respect of borrowings by its subsidiary undertakings. Thus 91% 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 April 27, 2009, BP’s outstanding U.S. and Euro commercial paper, reported under finance debt due within one year in the above table, had decreased by US$619 million; and BP’s finance debt due after more than one year had decreased by US$1,060 million equivalent.
(10)   Apart from the changes in notes (3) and (9) above, there has been no material change since March 31, 2009 in the consolidated capitalization, indebtedness or contingent liabilities of BP.

 

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Table of Contents

CAPITALIZATION AND INDEBTEDNESS

STYLE="margin-top:0px;margin-bottom:0px"> 

The following table shows the unaudited consolidated capitalization and
indebtedness of the BP Group as of March 31, 2009 in accordance with IFRS:

 






































































































































   As of
March 31, 2009		 
   (US$ millions) 

Share capital

  

Authorized share capital (1)

  9,021 
    

Capital shares (2)-(4)

  5,176 

Paid-in surplus (5)

  10,843 

Merger reserve (5)

  27,206 

Own shares

  (301)

Available-for-sale investments

  142 

Cash flow hedges

  (783)

Foreign currency translation reserve

  1,298 

Treasury shares

  (21,457)

Share-based payment reserve

  1,252 

Retained earnings

  67,097 

BP shareholders’ equity

  90,473 
    

Finance debt (6)-(9)

  

Due within one year

  15,260 

Due after more than one year

  19,438 
    

Total finance debt

  34,698 
    

Total Capitalization (10)

  125,171 
    

 






(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 March 31, 2009 comprised 18,736,526,283 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per
share. This excludes 1,883,254,133 ordinary shares which have been bought back and held in treasury by BP and 112,803,287 ordinary shares which have been bought back for cancellation. These shares are not taken into consideration in relation to the
payment of dividends and voting at shareholders’ meetings.





(3) Issued share capital as of April 27, 2009 comprised 18,737,193,444 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per
share. This excludes 1,882,586,972 ordinary shares which have been bought back and held in treasury by BP and 112,803,287 ordinary shares which have been bought back for cancellation. These shares are not taken into consideration in relation to the
payment of dividends and voting at shareholders’ meetings.





(4) Capital shares represent the ordinary shares of BP which have been issued and are 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 US dollars has been translated into US dollars at the relevant exchange rates existing on March 31, 2009.





(7) Obligations under finance leases are included within finance debt in the above table.





(8) As of March 31, 2009, the parent company, BP p.l.c., had outstanding guarantees totaling US$31,662 million, of which US$31,607 million related to guarantees in respect of
borrowings by its subsidiary undertakings. Thus 91% 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 April 27, 2009, BP’s outstanding U.S. and Euro commercial paper, reported under finance debt due within one year in the above table, had decreased by US$619 million;
and BP’s finance debt due after more than one year had decreased by US$1,060 million equivalent.





(10) Apart from the changes in notes (3) and (9) above, there has been no material change since March 31, 2009 in the consolidated capitalization, indebtedness or
contingent liabilities of BP.

 


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Table of Contents


This excerpt taken from the BP 424B5 filed Mar 13, 2008.


CAPITALIZATION AND INDEBTEDNESS

 

SIZE="2">Capitalization and Indebtedness of BP Capital U.K.

 

SIZE="2">The following table shows the unaudited capitalization and indebtedness of BP Capital U.K. as of December 31, 2007:

 



















































































   As of
December 31, 2007
   (US$ millions)

Share capital

   

Authorized share capital (1)

  699.28
   

Called up share capital (2)

  699.28

Share premium account

  249.86
   

Total share capital

  949.14
   

Finance debt (3-8)

   

Due within one year

  9,090.85

Due after more than one year

  9,913.15
   

Total finance debt

  19,004.00
   

Total Capitalization (9)

  19,953.14
   





(1) Authorized share capital comprises 99,999,990 ordinary shares, par value £1 per share, 500,000,000 ordinary shares, par value $1 per share, and 10 cumulative preference
shares, par value £1 per share.





(2) Issued and outstanding share capital as of December 31, 2007 comprised 99,999,990 ordinary shares, par value £1 per share, and 500,000,000 ordinary shares, par value
$1 per share.





(3) 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, 2007.





(4) As of December 31, 2007, all of the finance debt of BP Capital U.K. had been guaranteed by BP.





(5) Total finance debt as of December 31, 2007 reported in the above table excluded borrowings from other BP Group companies.





(6) As of December 31, 2007, BP Capital U.K. has no material outstanding contingent liabilities or guarantees. All of BP Capital U.K.’s debt is unsecured.





(7) As of March 5, 2008, BP Capital U.K.’s outstanding U.S. and Euro commercial paper, reported under finance debt due within one year in the above table, had decreased by
US$2,654 million equivalent.





(8) As of March 5, 2008, BP Capital U.K.’s finance debt due after more than one year had decreased by US$3,177 million equivalent.





(9) Other than as disclosed in Notes (7) and (8), there has been no material change since December 31, 2007 in the capitalization, indebtedness or contingent liabilities of BP
Capital U.K.

 

 


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Table of Contents


EXCERPTS ON THIS PAGE:

424B5 (2 sections)
Aug 7, 2009
424B5 (2 sections)
May 5, 2009
424B5
Mar 13, 2008

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