BP 2010 Annual Report Download - page 207
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Notesonnancialstatements
Financial statements
38.Pensionsandotherpost-retirementbenetscontinued
Theassumedrateofinvestmentreturn,discountrate,ination,UShealthcarecosttrendrateandthemortalityassumptionsallhaveasignicanteffecton
theamountsreported.
Aone-percentagepointchangeinthefollowingassumptionsforthegroup’splanswouldhavehadtheeffectsshowninthetablebelow.Theeffects
shownfortheexpensein2011includecurrentservicecostandinterestonplanliabilities.
$million
One-percentage point
Increase Decrease
Investmentreturn
Effectonpensionandotherpost-retirementbenetexpensein2011 (343) 343
Discountrate
Effectonpensionandotherpost-retirementbenetexpensein2011 (76) 101
Effectonpensionandotherpost-retirementbenetobligationat31December2010 (5,370) 6,864
Inationrate
Effectonpensionandotherpost-retirementbenetexpensein2011 470 (364)
Effectonpensionandotherpost-retirementbenetobligationat31December2010 5,060 (4,135)
UShealthcarecosttrendrate
EffectonUSotherpost-retirementbenetexpensein2011 31 (24)
EffectonUSotherpost-retirementbenetobligationat31December2010 401 (328)
Oneadditionalyearoflongevityinthemortalityassumptionswouldhavetheeffectsshowninthetablebelow.Theeffectshownfortheexpensein2011
includescurrentservicecostandinterestonplanliabilities.
$million
US other post-
UK US retirement German
pensionpension benet pension
plans plansplansplans
Oneadditionalyear’slongevity
Effectonpensionandotherpost-retirementbenetexpensein2011 41 4 4 9
Effectonpensionandotherpost-retirementbenetobligationat31December2010 581 73 72 187
BPAnnualReportandForm20-F2010 205