BP 2006 Annual Report Download - page 101

BP Annual Report and Accounts 2006 99
Group statement of recognized income and expense
For the year ended 31 December $ million
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Note 2006 2005 2004
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Currency translation differences 2,025 (2,502) 2,283
Exchange gain on translation of foreign operations transferred to gain or loss on sale of businesses
and fixed assets –(315) (78)
Actuarial gain relating to pensions and other post-retirement benefits 2,615 975 107
Available-for-sale investments marked to market 561 322 –
Available-for-sale investments – recycled to the income statement (695) (60) –
Cash flow hedges marked to market 413 (212) –
Cash flow hedges – recycled to the income statement (93) 36 –
Cash flow hedges – recycled to the balance sheet (6) ––
Unrealized gain on acquisition of further investment in equity-accounted investments ––94
Tax on currency translation differences (201) 11 (208)
Tax on exchange gain on translation of foreign operations transferred to gain or loss on sale of
businesses and fixed assets –95 –
Tax on actuarial gain relating to pensions and other post-retirement benefits (820) (356) 96
Tax on available-for-sale investments 108 (72) –
Tax on cash flow hedges (47) 63 –
Tax on share-based payments 26 –39
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Net income (expense) recognized directly in equity 3,886 (2,015) 2,333
Profit for the year 22,286 22,632 17,262
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Total recognized income and expense for the year 26,172 20,617 19,595
Attributable to
BP shareholders 25,837 20,326 19,408
Minority interest 335 291 187
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26,172 20,617 19,595
Effect of change in accounting policy – adoption of IAS 32 and IAS 39 on 1 January 2005
BP shareholders –(243) –
Minority interest –––
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49 –(243) –