BP 2005 Annual Report Download - page 106

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104 Making energy more
Notes on financial statements continued
50 First-time adoption of International Financial Reporting Standards continued
GROUP INCOME STATEMENT RECONCILIATIONS FROM UK GAAP TO IFRS
For the year ended 31 December 2004
UK GAAP
in IFRS Joint
format arrangements
Sales and other operating revenues 285,059 (274)
Earnings from jointly controlled entities – after interest and tax 2,943 34
Earnings from associates – after interest and tax 634 –
Interest and other revenues 675 (3)
Total revenues 289,311 (243)
Gain on sale of businesses and fixed assets 1,829 –
Total revenues and other income 291,140 (243)
Purchases 217,659 (82)
Production and manufacturing expenses 18,330 (44)
Production and similar taxes 2,149 –
Depreciation, depletion and amortization 10,840 (110)
Impairment and losses on sale of businesses and fixed assets 2,757 –
Exploration expense 637 –
Distribution and administration expenses 13,526 9
Profit before interest and taxation 25,242 (16)
Finance costs 642 –
Other finance expense 357 –
Profit before taxation 24,243 (16)
Taxation 8,282 (16)
Profit for the year 15,961 –
Attributable to
BP shareholders 15,731 –
Minority interest 230 –
15,961 –
For the year ended 31 December 2003
Sales and other operating revenues 232,571 (185)
Earnings from jointly controlled entities – after interest and tax 924 72
Earnings from associates – after interest and tax 514 –
Interest and other revenues 786 (2)
Total revenues 234,795 (115)
Gain on sale of businesses and fixed assets 1,894 –
Total revenues and other income 236,689 (115)
Purchases 176,185 (93)
Production and manufacturing expenses 15,402 (7)
Production and similar taxes 1,723 –
Depreciation, depletion and amortization 10,202 (11)
Impairment and losses on sale of businesses and fixed assets 1,801 –
Exploration expense 542 –
Distribution and administration expenses 12,880 –
Profit before interest and taxation 17,954 (4)
Finance costs 644 –
Other finance expense 547 –
Profit before taxation 16,763 (4)
Taxation 6,111 (4)
Profit for the year 10,652 –
Attributable to
BP shareholders 10,482 –
Minority interest 170 –
10,652 –