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BP » Topics » CAPITALIZATION AND INDEBTEDNESS OF BP p.l.c.

These excerpts taken from the BP F-3ASR filed Mar 13, 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

CAPITALIZATION AND INDEBTEDNESS OF BP P.L.C.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">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,
SIZE="1">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


These excerpts taken from the BP 424B5 filed Mar 13, 2009.

Capitalization and Indebtedness of BP p.l.c.

SIZE="1"> 

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 6, 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, 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 group’s finance debt had been guaranteed by BP. BP has no material outstanding contingent liabilities. All of the group’s finance 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.

 


S-9






Table of Contents


CAPITALIZATION AND INDEBTEDNESS OF BP p.l.c.

 

The following table shows the unaudited consolidated capitalization and indebtedness of the BP Group as of September 30, 2006 in accordance with IFRS:

 

     As of
September 30,
2006		  
     (US$ million)  
Share Capital       

Authorized share capital (1)

    $ 9,023  
        

Capital shares (2-4)

      4,975  

Paid-in surplus (5)

      9,802  

Merger reserve (5)

      27,200  

Other reserves

      6  

Shares held by ESOP trusts

      (173 )

Available-for-sale investments

      319  

Cash flow hedges

      27  

Foreign currency translation reserve

      3,858  

Treasury Shares

      (21,709 )

Retained earnings

      59,973  
        

BP shareholders’ equity

      84,278  
        

Finance debt (6-9)

   

Due within one year

      9,561  

Due after more than one year

      10,412  
        

Total finance debt

      19,973  
        

Total Capitalization (10)

    $ 104,251  
        

 

(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 September 30, 2006 comprised 19,815,830,450 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,947,931,905 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 December 11, 2006 comprised 19,518,308,371 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,947,014,561 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 September 30, 2006.

 

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

 

(8)   As of September 30, 2006, the parent company, BP p.l.c., had outstanding guarantees totaling US$16,555 million, of which US$16,531 million related to guarantees in respect of borrowings by its subsidiary undertakings. Thus 83% 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 December 11, 2006, 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$1,956 million equivalent; and BP’s finance debt due after more than one year had increased by US$310 million equivalent.

 

(10)   Apart from the changes in notes 3 and 9 above, there has been no material change since September 30, 2006 in the consolidated capitalization, indebtedness or contingent liabilities for BP.

 

 

8

Table of Contents
These excerpts taken from the BP 424B5 filed Mar 6, 2009.

Capitalization and Indebtedness of BP p.l.c.

SIZE="1"> 

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 February 27, 2009 comprised 18,734,368,477 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value
£1 per share. This excludes 1,885,390,639 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, 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 group’s finance debt had been guaranteed by BP p.l.c. BP has no material outstanding contingent liabilities. All of the group’s finance debt is unsecured.





(9) As of March 4, 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$237 million
equivalent; and BP’s finance debt due after more than one year had decreased by US$1,169 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.

 


S-10






Table of Contents


CAPITALIZATION AND INDEBTEDNESS OF BP p.l.c.

 

The following table shows the unaudited consolidated capitalization and indebtedness of the BP Group as of September 30, 2006 in accordance with IFRS:

 

     As of
September 30,
2006		  
     (US$ million)  
Share Capital       

Authorized share capital (1)

    $ 9,023  
        

Capital shares (2-4)

      4,975  

Paid-in surplus (5)

      9,802  

Merger reserve (5)

      27,200  

Other reserves

      6  

Shares held by ESOP trusts

      (173 )

Available-for-sale investments

      319  

Cash flow hedges

      27  

Foreign currency translation reserve

      3,858  

Treasury Shares

      (21,709 )

Retained earnings

      59,973  
        

BP shareholders’ equity

      84,278  
        

Finance debt (6-9)

   

Due within one year

      9,561  

Due after more than one year

      10,412  
        

Total finance debt

      19,973  
        

Total Capitalization (10)

    $ 104,251  
        

 

(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 September 30, 2006 comprised 19,815,830,450 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,947,931,905 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 December 11, 2006 comprised 19,518,308,371 ordinary shares, par value US$0.25 per share, and 12,706,252 preference shares, par value £1 per share. This excludes 1,947,014,561 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 September 30, 2006.

 

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

 

(8)   As of September 30, 2006, the parent company, BP p.l.c., had outstanding guarantees totaling US$16,555 million, of which US$16,531 million related to guarantees in respect of borrowings by its subsidiary undertakings. Thus 83% 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 December 11, 2006, 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$1,956 million equivalent; and BP’s finance debt due after more than one year had increased by US$310 million equivalent.

 

(10)   Apart from the changes in notes 3 and 9 above, there has been no material change since September 30, 2006 in the consolidated capitalization, indebtedness or contingent liabilities for BP.

 

 

8

Table of Contents

EXCERPTS ON THIS PAGE:

F-3ASR (2 sections)
Mar 13, 2009
424B5 (2 sections)
Mar 13, 2009
424B5 (2 sections)
Mar 6, 2009

RELATED TOPICS for BP:

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