BP » Topics » BP p.l.c. AND SUBSIDIARIES CAPITALIZATION AND INDEBTEDNESS
This excerpt taken from the BP 6-K filed Aug 9, 2007.
BP p.l.c. AND SUBSIDIARIES
CAPITALIZATION AND INDEBTEDNESS
The following table shows the
unaudited consolidated capitalization and indebtedness of the BP Group as of
30 June 2007 in accordance with IFRS:
30 June 2007
share capital (1)
Paid-in surplus (4)
Shares held by ESOP trusts
Cash flow hedges
currency translation reserve
more than one year
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.
Issued share capital as
of 30 June 2007 comprised 19,133,972,522 ordinary shares, par value US$0.25
per share, and 12,706,252 preference shares, par value £1 per share.
This excludes 1,943,757,560 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.
Capital shares represent
the common stock of BP which has been issued and is fully paid.
Paid-in surplus and merger
reserve represent additional paid-in capital of BP which cannot normally
be returned to shareholders.
Finance debt recorded
in currencies other than U.S. dollars has been translated into US dollars
at the relevant exchange rates existing on 30 June 2007.
Obligations under finance
leases are included within finance debt in the above table.
As of 30 June 2007, the
parent company, BP p.l.c., had outstanding guarantees totalling US$20,456
million, of which US$20,400 million related to guarantees in respect of
borrowings by its subsidiary undertakings. Thus 86% of the finance debt
had been guaranteed by BP p.l.c. The group has no material outstanding contingent
liabilities. All of the group’s finance debt is unsecured.
There has been no material change since 30 June 2007 in the consolidated capitalization, indebtedness or contingent liabilities of BP.