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BP Annual Review 2003
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Introduction
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Performance highlights
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Chairman's letter
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Group chief executive's review
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It starts here
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Financial performance
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Business performance
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Environmental and social performance
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Summary accounts
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Summary corporate governance
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Summary directors' remuneration report
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Board of directors
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Annual general meeting and information for shareholders
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Further information
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 Summary group balance sheet
At 31 December

$ million
  2003 2002
Fixed assets    
Intangible assets 13,642 15,566
Tangible assets 91,911 87,682
Investments 17,554 10,811
  123,107 114,059
Current assets    
Stocks 11,617 10,181
Debtors 40,716 33,150
Investments 185 215
Cash at bank and in hand 1,947 1,520
  54,465 45,066
Creditors – amounts falling due within one year    
Finance debt 9,456 10,086
Other creditors 41,128 36,215
Net current assets (liabilities) 3,881 (1,235 )
Total assets less current liabilities 126,988 112,824
Creditors – amounts falling due after more than one year    
Finance debt 12,869 11,922
Other creditors 6,090 3,455
Provisions for liabilities and charges    
Deferred taxation 15,273 13,514
Other provisions 15,693 13,886
Net assets 77,063 70,047
Minority shareholders' interest – equity 1,125 638
BP shareholders' interest 75,938 69,409

Represented by
   
Capital and reserves    
Called up share capital 5,552 5,616
Reserves 70,386 63,793
  75,938 69,409

Movements in BP shareholders' interest
At 31 December 2002   69,409
Profit for the year   10,267
Distribution to shareholders   (5,753 )
Currency translation differences (net of tax)   3,841
Issue of ordinary share capital for employee share schemes   173
Repurchase of ordinary share capital   (1,999 )
At 31 December 2003   75,938




In this section
arrow  Summary group income statement
Summary group balance sheet
arrow  Summary group cash flow statement
arrow  Notes
arrow  Independent auditors' statement
arrow  United States accounting principles
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