BP 2005 Annual Report Download - page 110

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108 Making energy more
Notes on financial statements continued
50 First-time adoption of International Financial Reporting Standards continued
GROUP BALANCE SHEET RECONCILIATION FROM UK GAAP TO IFRS
At 31 December 2003
UK GAAP
in IFRS Joint Pension Leasehold
format arrangements reclassification premiums
Non-current assets
Property, plant and equipment 91,911 (2,089) – (205)
Goodwill 9,169 – – –
Other intangible assets 4,473 (2) – –
Investments in jointly controlled entities 11,009 1,963 – –
Investments in associates 4,870 – – –
Other investments 1,452 – – –
Fixed assets 122,884 (128) – (205)
Loans 867–––
Other receivables 495 – – –
Derivative financial instruments 534 – – –
Prepayments and accrued income 749 – – 205
Defined benefit pension plan surplus 1,146 – 534 –
126,675 (128) 534 –
Current assets
Loans 182 – – –
Inventories 11,617 (16) – –
Trade and other receivables 27,848 32 – –
Other investments 185 – – –
Derivative financial instruments 1,891 – – –
Prepayments and accrued income 1,371 1 – –
Current tax receivable 92 – – –
Cash and cash equivalents 1,947 (76) – –
45,133 (59) – –
Total assets 171,808 (187) 534 –
Current liabilities
Trade and other payables 29,780 (41) – –
Derivative financial instruments 4,145 – – –
Accruals and deferred income 3,762 (2) – –
Finance debt 9,456 – – –
Current tax payable 3,441 – – –
Provisions 735 – – –
51,319 (43) – –
Non-current liabilities
Other payables 4,769 (140) – –
Derivative financial instruments 344 – – –
Accruals and deferred income 917 – – –
Finance debt 12,869 – – –
Deferred tax liabilities 14,371 (4) (1,653) –
Provisions 7,864 – – –
Defined benefit pension plan and other post-retirement benefit plan deficits 7,635 – 2,187 –
48,769 (144) 534 –
Total liabilities 100,088 (187) 534 –
Net assets 71,720 – – –
BP shareholders’ equity 70,595 – – –
Minority interest 1,125 – – –
Total equity 71,720 – – –