BP 2005 Annual Report Download - page 173

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BP Annual Report and Accounts 2005 171
PAST DIRECTORS
During 2005, Mr Olver continued as a consultant to BP in relation
to its activities in Russia and served as a BP-nominated director of
TNK-BP Limited, a joint venture company owned 50% by BP. Under the
consultancy agreement, he received £300,000 in fees in 2005 as well
as reimbursement of costs and support for his role. He is also entitled
to retain fees paid to him by TNK-BP up to a maximum of $120,000
a year for his role as a director, deputy chairman and chairman of
the audit committee of TNK-BP Limited.
HISTORICAL TSR PERFORMANCE
This graph is included to meet a legislative requirement and shows
the growth in the value of a hypothetical £100 holding in BP p.l.c.
ordinary shares over five years relative to the FTSE 100 and to the
FTSE All World Oil & Gas Index. These are considered to be the most
relevant broad equity market indices for this purpose and the company
is a constituent of both indices.
£
220
200
180
160
140
120
100
ypothetical £100 holding
80
60
Value of h
40
Dec 00 Dec 01 Dec 02 Dec 03 Dec 04 Dec 05
FTSE 100 FTSE All World Oil & Gas Index BP
PENSIONS thousand
Accrued Additional pension Transfer value of Transfer value of Amount of B-A less
Service at pension entitlement earned during the year accrued benefitbaccrued benefitbcontributions made by
31 Dec 2005 at 31 Dec 2005 ended 31 Dec 2005aat 31 Dec 2004 (A) at 31 Dec 2005 (B) the director in 2005
Lord Browne (UK) 39 years £991 £47 £17,170 £19,979 £2,809
Dr D C Allen (UK) 27 years £200 £17 £2,754 £3,433 £679
I C Conn (UK) 20 years £147 £20 £1,542 £2,124 £582
Dr B E Grote (US) 26 years $570 $105 $5,529 $6,681 $1,152
Dr A B Hayward (UK) 24 years £207 £19 £2,680 £3,408 £728
J A Manzoni (UK) 22 years £163 £15 £1,958 £2,518 £560
aAdditional pension earned during the year includes an inflation increase of 3.5%.
bTransfer values have been calculated in accordance with version 8.1 of guidance note GN11 issued by the actuarial profession.