Taxation and financial ratios
Taxation (credit)/charge |
$ million |
||||
|---|---|---|---|---|---|
|
2015 |
2014 |
2013 |
2012 |
2011 |
Current tax ($ million) |
7,058 |
13,757 |
18,582 |
22,722 |
23,009 |
Deferred tax ($ million) |
(7,211) |
(173) |
(1,516) |
830 |
1,441 |
Total taxation (credit)/charge ($ million) |
(153) |
13,584 |
17,066 |
23,552 |
24,450 |
As percentage of income before taxation (%) |
(7) |
48 |
51 |
47 |
44 |
Financial ratios |
|||||
|---|---|---|---|---|---|
|
2015 |
2014 |
2013 |
2012 |
2011 |
Return on average capital employed (ROACE) |
|
|
|
|
|
Income for the period adjusted for interest expense, less tax for the period, as % of the average capital employed |
1.9 |
7.1 |
7.9 |
13.6 |
16.6 |
ROACE (CCS basis excluding Identified Items) |
|
|
|
|
|
CCS earnings attributable to shareholders excluding identified items, as a % of the average capital employed |
5.2 |
10.4 |
9.1 |
12.3 |
12.8 |
Return on average capital in service |
|
|
|
|
|
Income for the year, adjusted for after-tax interest expense and depreciation on exploration and evaluation assets, as % of the average capital employed, adjusted for assets under construction and exploration and evaluation assets |
3.1 |
10.7 |
12.0 |
19.3 |
24.2 |
Gearing ratio at December 31 |
|
|
|
|
|
Net debt as % of total capital |
14.0 |
12.2 |
16.1 |
9.8 |
13.9 |
