BP 2010 Annual Report Download - page 28
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Businessreview
Non-GAAP information on fair value accounting effects
Theimpactsoffairvalueaccountingeffects,relativetomanagement’sinternalmeasureofperformance,andareconciliationtoGAAPinformationisalso
setoutbelow.Furtherinformationonfairvalueaccountingeffectsisprovidedonpage82.
$million
2010 2009 2008
ExplorationandProduction
Unrecognizedgains(losses)broughtforwardfrompreviousperiod (530) 389 107
Unrecognized(gains)lossescarriedforward 527 530 (389)
Favourable(unfavourable)impactrelativetomanagement’smeasureofperformance (3) 919 (282)
ReningandMarketing
Unrecognizedgains(losses)broughtforwardfrompreviousperiod 179 (82) 429
Unrecognized(gains)lossescarriedforward (137) (179) 82
Favourable(unfavourable)impactrelativetomanagement’smeasureofperformance 42 (261) 511
39 658 229
Taxationcredit(charge)a (26) (213) (83)
13 445 146
By region
ExplorationandProduction
US 141 687 (231)
Non-US (144) 232 (51)
(3) 919 (282)
ReningandMarketing
US 19 16 231
Non-US 23 (277) 280
42 (261) 511
aTaxiscalculatedbyapplyingdiscretequarterlyeffectivetaxrates(excludingtheimpactoftheGulfofMexicooilspill)ongroupprotorloss,tothefairvalueaccountingeffectsastheyariseeachquarter.
Reconciliation of non-GAAP information
$million
2010 2009 2008
ExplorationandProduction
Replacementcostprotbeforeinterestandtaxadjustedforfairvalueaccountingeffects 30,889 23,881 38,590
Impactoffairvalueaccountingeffects (3) 919 (282)
Replacementcostprotbeforeinterestandtax 30,886 24,800 38,308
ReningandMarketing
Replacementcostprotbeforeinterestandtaxadjustedforfairvalueaccountingeffects 5,513 1,004 3,665
Impactoffairvalueaccountingeffects 42 (261) 511
Replacementcostprotbeforeinterestandtax 5,555 743 4,176
26BPAnnualReportandForm20-F2010