British Petroleum plc (BP) Analysis of qualitative information including chairperson’s statement, director’s report, auditor’s report, look and feel of annual reports, photos, graphs, tone of...

Balance sheet 2018,2017
    Balance sheet of British Petroleum plc     $million    $million
    Non-current assets    2018    2017    2016
    Property, plant and equipment     135,261    129,471        Liquidity Ratios:    2018    2017
     Goodwill    12,204    11,551
    Intangible assets    17,284    18,355        Current ratio    1.045034219    1.1663451366
    Investments in joint ventures    8,647    7,994
    Investments in associates     17,673    16,991        Acid test ratio    0.7814235679    0.8705737756
    Other investments     1,341    1,245        Cash ratio    0.3292641822    0.3980645964
    Fixed assets    192,410    185,607        Operating cash flow ratio    0.3351993786    0.2945267285
    Loans     637    646
    Trade and other receivables    1,834    1,434        Profitability ratio:    2018    2017
    Derivative financial instruments    5,145    4,110
    Prepayments    1,179    1,112        Gross margin ratio    23%    26%
    Deferred tax assets    3,706    4,469
    Defined benefit pension plan surpluses     5,955    4,169        EBITDA margin    0.1146876584    0.1024523473
        210,866    201,547
    Current assets                Operating margin    0.0637984052    0.0387354752
    Loans     326    190        Net profit margin    0.0315337561    0.0141792937
    Inventories    17,988    19,011    17655    Return on Assets    0.0339433545    0.0125418151
    Trade and other receivables    24,478    24,849        Return on equity    0.0943199275    0.0197800884
    Derivative financial instruments    3,846    3,032        Return on capital employed    0.0905772206    0.0446383558
    Prepayments    963    1,414        Solvency ratio:
    Current tax recievables    1,019    761        Debt to equity ratio    1.778745027    1.7540237441
    Other investments     222    125
    Cash and cash equivalents    22,468    25,586        Debt to capital ratio    0.2646381253    0.2663808404
    Total current assets    71,310    74,968
    Total assets    282,176    276,515        Debt to asset ratio    0.6401253119    0.6368949243
    Currnet liablities
    Trade and other Payables    46,265    44,209        Financial leverage ratio    2.778745027    2.7540237441
    Derivative financial instruments    3,308    2,808
    Accruals    4,626    4,960
    Finance debt    9,373    7,739
    Current tax payable    2,101    1,686
    Provisions    2,564    3,324
    Total current liabilities    68,237    64,276
    Non-current Liablities
    Other Payables    13,830    13,889
    Derivative financial instruments    5,625    3,761
    Accruals    575    505
    Finance debt    56,426    55,491        Valuation ratio:
    Deferred tax Liabilities    9,812    7,982
    Provisions    17,732    20,620
    Defined benefit pension plan and other post retirement benefit plan deficits    8,391    9,137        Price earnings ratio    13.3464285714    37.4466019417
        112,391    111,385
    Total Liablities    180,628    176,111        Earning per share ratio    2.8    1.03
    Net assets    101,548    100,404
    Equity                Price to sales ratio
    BP shareholders equity    99,444    98,491        Sales per share    90.6680597015    74.0484408114
    Non controlling interests    2,104    1,913        Price to sales ratio    0.412162785    0.5208752484
    Total equity    101,548    100,404
                    Price to book value ratio
    CoGS    230,901    178,360        BVPS    30.3128358209    30.3978201635
                    P/Bv    1.2328110844    1.2688409824
                    Price to operating profit ratio
                    operating profit per share    5.7844776119    2.8683015441
                    P/OP ratio    6.4603932294    13.4469822673
                    Activity ratio:
                    Long term activity ratio:
                    Net asset turnover ratio    2.2455696764    1.8890871315
                    Asset turnover ratio    1.0764133023    0.8845162107
                    Equity turnover ratio    2.9910781108    2.4359786463
                    short term activity ratio
                    inventory turnover    1.2715699355    0.9957919099
                    Receivable turnover    12.4086118147    9.8427300897
                    payable turnover    0.4943910083    0.4282159741
                    Average inventory processing period    287.0467363267    366.542443611
                    Average Receivable processing period    29.4150550804    37.0832072679
                    operating cycle    316.461791407    403.6256508789
Cashflow
        $million    $million
    Cash flow statement of British Petroleum plc     2018    2017
    Operating activities
    Profit (loss) before taxation    16723    7180
    Adjustments to reconcile profit (loss) before taxation to net cash provided by operating activities
    Exploration expenditure written off    1085    1603
    Depreciation, depletion and amortization    15457    15584
    Impairment and (gain) loss on sale of businesses and fixed assets    404    6
    Earnings from joint ventures and associates    -3753    -2507
    Dividend received from joint ventures and associates    1535    1253
    Interest receivable    -468    -304
    Interest received    348    375
    Finance costs    2528    2074
    Interest paid    -1928    -1572
    Net finance expense relating to pensions and other post retirement benefits    127    220
    Share based payments    690    661
    Net operating charge for pensions and other post-retirement benefits, less contributions and benefit payments for unfunded plans     -386    -394
    Net charge for provisions, less payments    986    2106
    (Increase) decrease in inventories     672    -848
    Increase (decrease)in other current and non current assets    -2858    -4848
    Increase (decrease)in other current and non current Liabilities    -2577    2344
    income taxes paid    -5712    -4002
    Net cash provided by operating actuvites    22873    18931
    Investing activities
    Expenditure on property,plant,equipment,intangible and other assets    -16707    -16562
    Acquistion,net of cash acquired    -6986    -327
    Investment in joint ventures    -382    -50
    Investment in associates    -1013    -901
    Total cash...