MMM7120

SEMESTER I 2014/15 TUTORIAL 1 week commencing Monday

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Oc!o#e$ 2014
%&ea'e en'($e yo( #$ing yo($ co)y o* !"e Ann(a& Re)o$! !o !"e !(!o$ia&
For this tutorial you will need to use the Annual Report and Form 20-F 2013 for BP. In addition to the
hard copy you can also access the accounts on-line at the we pa!e elow.
http"##www.p.com#content#dam#p#pdf#in$estors#BP%Annual%Report%and%Form%20F%2013.pdf
Please re$iew as you will e e&pected to tal' aout the report not (ust answer the specific )uestions
elow ie *hat did you thin' of it+ *as it interestin!+ *hat else did you learn aout BP plc+ ,owe$er
I do -./ e&pect you to read co$er to co$er so please do not panic00.
If you cannot answer a specific )uestion do not !i$e up1 (ust mo$e on to the ne&t one.
i. *hat type of information does the company pro$ide in the annual report+

ii. Read pa!es 2 - 221 any comments thou!hts. In particular loo' at BP3s 4ey Performance
Indicators 54PI3s6 - *hat areas do the 4PI3s co$er+
iii. Identify and list the fi$e principal financial statements for 2013.

i$. 7oo' at the 8roup alance sheet of 20131 what are the 2 main section headin!s1 what do you
thin' they mean+ *hich 2 numers are the same and what were they for year endin! 31
9ecemer 2013 and 2012+

$. From the numers that you found in part i$ ao$e1 loo' at the area in old of the 8roup
statement of chan!es in e)uity. *hat do you notice+ :&plain why the fi!ures chan!ed.

$i. /here are 2 sets of financial statements presented"-
- ;onsolidated financial statements of the BP 8roup 5pa!e 112 onwards6
- Parent company financial statements of BP plc 5pa!e 22< onwards6.
;an you thin' why this would e the case+ 5,int loo' at and compare the called up share capital
fi!ure in the Parent ;ompany Balance sheet of =2112> and see if you can find the share capital
fi!ure for the BP 8roup refer to -ote 326
$ii. *hat period of time do the 2013 accounts co$er+
$iii. Find the Auditor3s Report for 2013
a. *ho are the !roup3s auditors+
. /o whom is the report addressed to+
c. *hich parts of the annual report ha$e een audited+
d. *hat is their opinion+
e. ,ow much were they paid this year and last year+ *ere the auditors used for anythin!
else+ 5?ou will need to loo' in the notes relatin! to the financial statements for this
information6
i&. *hat does IFR@ and IA@ stand for+
TUR+ O,ER MORE -UESTIO+S O,ERLEA.
&. *rite down the followin! financial fi!ures for BP for 2013 and 2012
a. @ales and other operatin! re$enues
. Profit fi!ure
c. Increase#5decrease6 in cash and cash e)ui$alents A Include cash e)ui$alent fi!ure at the
e!innin! and end of the year 5loo' at the cash flow statement for6
d. :arnin! per share for the year A asic and diluted1 what is the difference etween the two
types+
&i. *ho was the hi!hest paid :&ecuti$e 9irector in durin! 2013 and what was it made up of+
&ii. *ho was the hi!hest paid -on-:&ecuti$e 9irector durin! 2013+