BP 2008 Annual Report Download - page 167

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BP Annual Report and Accounts 2008
Notes on financial statements
40. Capital and reserves
Share Capital
Share premium redemption
capital account reserve
At 1 January 2008 5,237 9,581 1,005
Recognized income and expense
Currency translation differences (net of tax) ––
Actuarial loss relating to pension and other post-retirement benefits (net of tax) ––
Available-for-sale investments marked to market (net of tax) ––
Available-for-sale investments recycling (net of tax) ––
Cash flow hedges marked to market (net of tax) ––
Cash flow hedges recycling (net of tax) ––
Tax on share-based payments ––
Profit for the year ––
Total recognized income and expense for the year ––
Dividends ––
Repurchase of ordinary share capital (67) – 67
Share-based payments 6 182 –
Minority interest buyout ––
At 31 December 2008 5,176 9,763 1,072
Share Capital
Share premium redemption
capital account reserve
At 1 January 2007 5,385 9,074 839
Recognized income and expense
Currency translation differences (net of tax) ––
Exchange gain on translation of foreign operations transferred to (profit) or loss on sale (net of tax) – – –
Actuarial gain relating to pension and other post-retirement benefits (net of tax) – – –
Available-for-sale investments marked to market (net of tax) – – –
Available-for-sale investments recycling (net of tax) – – –
Cash flow hedges marked to market (net of tax) – – –
Cash flow hedges recycling (net of tax) ––
Tax on share-based payments ––
Profit for the year ––
Total recognized income and expense for the year ––
Dividends ––
Repurchase of ordinary share capital (166) – 166
Share-based payments 18 507 –
At 31 December 2007 5,237 9,581 1,005
Share Capital
Share premium redemption
capital account reserve
At 1 January 2006 5,185 7,371 749
Recognized income and expense
Currency translation differences (net of tax) ––
Actuarial gain relating to pension and other post-retirement benefits (net of tax) – – –
Available-for-sale investments marked to market (net of tax) – – –
Available-for-sale investments recycling (net of tax) – – –
Cash flow hedges marked to market (net of tax) – – –
Cash flow hedges recycling (net of tax) ––
Tax on share-based payments ––
Profit for the year ––
Total recognized income and expense for the year ––
Dividends ––
Repurchase of ordinary share capital (90) – 90
Issue of ordinary share capital for TNK-BP 28 1,222 –
Share-based payments 16 481 –
Otherb246 – –
Currency translation differences (net of tax) ––
At 31 December 2006 5,385 9,074 839
aAt 31 December 2006, the foreign currency translation reserve included $122 million relating to non-current assets held for sale. During 2007, this was included in the $147 million recycled to the
income statement relating to disposals in 2007. For further details see Note 5.
bReclassification in respect of share repurchases in 2005.
166