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Financial statements

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129Financial statementsbp Annual Report and Form 20-F 2020Consolidated Financial statements of the bp groupIndependent auditor s reports 130Group income statement 155Group statement of comprehensive income 156 Group statement of changes in equity 157Group balance sheet 158Group cash flow statement 159Notes on Financial statements1. Significant accounting policies 1602. Non-current assets held for sale 177 3. Business combinations and other significant transactions 1774. Disposals and impairment 178 5. Segmental analysis 1806. Revenue from contracts with customers 1837. Income statement analysis 1838. Exploration expenditure 1849. Taxation 18410. Dividends 18611.

analytical reviews, making inquiries, and evaluating and testing management's group-wide controls. 4.Conclusions relating to going concern In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

  Evaluating

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