BP 2005 Annual Report Download - page 124

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122 Making energy more
Notes on financial statements continued
50 First-time adoption of International Financial Reporting Standards continued
GROUP BALANCE SHEET RECONCILIATION FROM UK GAAP TO IFRS
At 1 January 2005
IFRS at
31 December
2004
Non-current assets
Property, plant and equipment 93,092
Goodwill 10,857
Intangible assets 4,205
Investments in jointly controlled entities 14,556
Investments in associates 5,486
Other investments 394
Fixed assets 128,590
Loans 811
Other receivables 429
Derivative financial instruments 898
Prepayments and accrued income 354
Defined benefit pension plan surplus 2,105
133,187
Current assets
Loans 193
Inventories 15,645
Trade and other receivables 37,099
Derivative financial instruments 5,317
Prepayments and accrued income 1,671
Current tax receivable 159
Cash and cash equivalents 1,359
61,443
Total assets 194,630
Current liabilities
Trade and other payables 38,540
Derivative financial instruments 5,074
Accruals and deferred income 4,482
Finance debt 10,184
Current tax payable 4,131
Provisions 715
63,126
Non-current liabilities
Other payables 3,581
Derivative financial instruments 158
Accruals and deferred income 699
Finance debt 12,907
Deferred tax liabilities 16,701
Provisions 8,884
Defined benefit pension plan and other post-retirement benefit plan deficits 10,339
53,269
Total liabilities 116,395
Net assets 78,235
BP shareholders’ equity 76,892
Minority interest 1,343
Total equity 78,235