BP logo Close window
green line
BP Annual Review 2003
green line
Introduction
green line
Performance highlights
green line
Chairman's letter
green line
Group chief executive's review
green line
It starts here
green line
Financial performance
green line
Business performance
green line
Environmental and social performance
green line
Summary accounts
green line
Summary corporate governance
green line
Summary directors' remuneration report
green line
Board of directors
green line
Annual general meeting and information for shareholders
green line
Further information
green line
 Summary group cash flow statement
For the year ended 31 December

$ million
  2003 2002
Net cash inflow from operating activitiesa 21,698 19,342
Dividends from joint ventures 131 198
Dividends from associated undertakings 417 368
Net cash outflow from servicing of finance and returns on investments (711 ) (911 )
Tax paid (4,804 ) (3,094 )
Net cash outflow for capital expenditure and financial investment (6,187 ) (9,646 )
Net cash outflow for acquisitions and disposals (3,548 ) (1,337 )
Equity dividends paid (5,654 ) (5,264 )
Net cash inflow (outflow) 1,342 (344 )
 Financing 1,066 (181 )
Management of liquid resources (41 ) (220 )
Increase in cash 317 57
  1,342 (344 )


a  Reconciliation of historical cost profit before interest and tax to net cash inflow from operating activities.
$ million
  2003 2002
Historical cost profit before interest and tax 17,260 12,543
Depreciation and amounts provided 10,940 10,401
Exploration expenditure written off 297 385
Share of profits of joint ventures and associated undertakings (1,438 ) (966 )
Interest and other income (341 ) (358 )
(Profit) loss on sale of fixed assets and businesses or termination of operations (831 ) (1,166 )
(Increase) decrease in working capital and other items (4,189 ) (1,497 )
Net cash inflow from operating activities 21,698 19,342




In this section
arrow  Summary group income statement
arrow  Summary group balance sheet
Summary group cash flow statement
arrow  Notes
arrow  Independent auditors' statement
arrow  United States accounting principles
© 1999-2004 BP p.l.c Legal Notice