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BP » Topics » Obligations under capital leases

This excerpt taken from the BP 20-F filed Jun 13, 2006.

Obligations under capital leases

        The future minimum lease payments together with the present value of the net minimum lease payments were as follows:

 
   December 31, 2004
 
 
   ($ million)
 
2005   152  
2006   254  
2007   258  
2008   268  
2009   280  
Thereafter   3,540  
   
 
    4,752  
Less: amount representing lease interest   (2,354 )
   
 
Present value of net minimum capital lease payments   2,398  
   
 
of which — due within one year   117  
— due after one year   2,281  
   
 

        The following information is presented in compliance with the requirements of US GAAP.

Bank and other loans — long term
  Weighted average interest rate at December 31,
  December 31,
 
   2004
  2003
  2004
  2003
 
   (%)
  ($ million)
US dollar   3   3   10,374   10,427
Sterling   5   4   25   30
Other currencies   7   5   225   320
           
 
            10,624   10,777
           
 
Bank and other loans — short term
  December 31,
 
   2004
  2003
 
   ($ million)
Current maturities of long-term debt   2,622   1,874
Commercial paper   4,180   4,243
Bank loans   250   205
Other   3,017   3,044
   
 
    10,069   9,366
   
 

F - 55

 
   Weighted average interest rate at December 31,

 
 
2004

 
2003
 
   (%)
Commercial paper   2   1
Bank loans and other borrowings   2   2
US Industrial Revenue/Municipal bonds   2   1
This excerpt taken from the BP 20-F filed Jun 30, 2005.

Obligations under capital leases

        The future minimum lease payments together with the present value of the net minimum lease payments were as follows:

 
   December 31, 2004
 
 
   ($ million)
 
2005   152  
2006   254  
2007   258  
2008   268  
2009   280  
Thereafter   3,540  
   
 
    4,752  
Less: amount representing lease interest   (2,354 )
   
 
Present value of net minimum capital lease payments   2,398  
   
 
of which — due within one year   117  
— due after one year   2,281  
   
 

        The following information is presented in compliance with the requirements of US GAAP.

Bank and other loans — long term
  Weighted average interest rate at December 31,
  December 31,
 
   2004
  2003
  2004
  2003
 
   (%)
  ($ million)
US dollar   3   3   10,374   10,427
Sterling   5   4   25   30
Other currencies   7   5   225   320
           
 
            10,624   10,777
           
 
Bank and other loans — short term
  December 31,
 
   2004
  2003
 
   ($ million)
Current maturities of long-term debt   2,622   1,874
Commercial paper   4,180   4,243
Bank loans   250   205
Other   3,017   3,044
   
 
    10,069   9,366
   
 

F - 56

 
   Weighted average interest rate at December 31,

 
 
2004

 
2003
 
   (%)
Commercial paper   2   1
Bank loans and other borrowings   2   2
US Industrial Revenue/Municipal bonds   2   1

EXCERPTS ON THIS PAGE:

20-F
Jun 13, 2006
20-F
Jun 30, 2005

RELATED TOPICS for BP:

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