SEMESTER I 2014/15 TUTORICL 1 week commencing Mondcy
!" Oc!o#e$ 2014 %&ec'e en'($e yo( #$ing yo($ co)y o* !"e Cnn(c& Re)o$! !o !"e !(!o$ic& For this tutoricl you will need to use the Cnnucl Report cnd Form 20-F 2013 for BP. In cddition to the hcrd copy you ccn clso cccess the cccounts on-line ct the web pce below. http!""www.bp.com"content"dcm"bp"pdf"in#estors"BP$Cnnucl$Report$cnd$Form$20F$2013.pdf Plecse re#iew cs you will be e%pected to tcl& cbout the report not 'ust cnswer the specific (uestions below ie )hct did you thin& of it* )cs it interestin* )hct else did you lecrn cbout BP plc* +owe#er I do ,-. e%pect you to recd co#er to co#er so plecse do not pcnic//. If you ccnnot cnswer c specific (uestion do not i#e up0 'ust mo#e on to the ne%t one. i. )hct type of informction does the compcny pro#ide in the cnnucl report*
ii. Recd pces 2 - 110 cny comments thouhts. In pcrticulcr loo& ct BP2s 3ey Performcnce Indicctors 43PI2s5 - )hct crecs do the 3PI2s co#er* iii. Identify cnd list the fi#e principcl fincncicl stctements for 2013.
i#. 6oo& ct the 7roup bclcnce sheet of 20130 whct cre the 1 mcin section hecdins0 whct do you thin& they mecn* )hich 2 numbers cre the scme cnd whct were they for yecr endin 31 8ecember 2013 cnd 2012*
#. From the numbers thct you found in pcrt i# cbo#e0 loo& ct the crec in bold of the 7roup stctement of chcnes in e(uity. )hct do you notice* 9%plcin why the fiures chcned.
#i. .here cre 2 sets of fincncicl stctements presented!- - Consolidcted fincncicl stctements of the BP 7roup 4pce 111 onwcrds5 - Pcrent compcny fincncicl stctements of BP plc 4pce 22: onwcrds5. Ccn you thin& why this would be the ccse* 4+int loo& ct cnd compcre the cclled up shcre ccpitcl fiure in the Pcrent Compcny Bclcnce sheet of ;1012< cnd see if you ccn find the shcre ccpitcl fiure for the BP 7roup refer to ,ote 325 #ii. )hct period of time do the 2013 cccounts co#er* #iii. Find the Cuditor2s Report for 2013 =. )ho cre the roup2s cuditors* b. .o whom is the report cddressed to* c. )hich pcrts of the cnnucl report hc#e been cudited* d. )hct is their opinion* e. +ow much were they pcid this yecr cnd lcst yecr* )ere the cuditors used for cnythin else* 4>ou will need to loo& in the notes relctin to the fincncicl stctements for this informction5 i%. )hct does IFR? cnd IC? stcnd for* TUR+ O,ER MORE -UESTIO+S O,ERLEC. %. )rite down the followin fincncicl fiures for BP for 2013 cnd 2012 =. ?cles cnd other operctin re#enues b. Profit fiure c. Increcse"4decrecse5 in ccsh cnd ccsh e(ui#clents @ Include ccsh e(ui#clent fiure ct the beinnin cnd end of the yecr 4loo& ct the ccsh flow stctement for5 d. 9crnin per shcre for the yecr @ bcsic cnd diluted0 whct is the difference between the two types* %i. )ho wcs the hihest pcid 9%ecuti#e 8irector in durin 2013 cnd whct wcs it mcde up of* %ii. )ho wcs the hihest pcid ,on-9%ecuti#e 8irector durin 2013*