BP 2007 Annual Report Download - page 101

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Group statement of recognized income and expense
For the year ended 31 December $ million
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note 2007 2006 2005
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Currency translation differences 1,887 2,025 (2,502)
Exchange gain on translation of foreign operations transferred to gain or loss on sale of
businesses and fixed assets (147) – (315)
Actuarial gain relating to pensions and other post-retirement benefits 1,717 2,615 975
Available-for-sale investments marked to market 200 561 322
Available-for-sale investments – recycled to the income statement (91) (695) (60)
Cash flow hedges marked to market 155 413 (212)
Cash flow hedges – recycled to the income statement (74) (93) 36
Cash flow hedges – recycled to the balance sheet (40) (6) –
Tax on currency translation differences 139 (201) 11
Tax on exchange gain on translation of foreign operations transferred to gain or loss on sale of
businesses and fixed assets ––
Tax on actuarial gain relating to pensions and other post-retirement benefits (427) (820) (356)
Tax on available-for-sale investments (14) 108 (72)
Tax on cash flow hedges 26 (47) 63
Tax on share-based payments 213 26 –
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Net income (expense) recognized directly in equity 3,544 3,886 (2,015)
Profit for the year 21,169 22,286 22,632
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Total recognized income and expense for the year 24,713 26,172 20,617
Attributable to
BP shareholders 24,365 25,837 20,326
Minority interest 348 335 291
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24,713 26,172 20,617
Effect of change in accounting policy – adoption of IAS 32 and IAS 39 on 1 January 2005
BP shareholders 1–– (243)
Minority interest ––
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
–– (243)
95
–
BP ANNUAL REPORT AND ACCOUNTS 2007 99