BP 2010 Annual Report Download - page 206

Notesonnancialstatements
38.Pensionsandotherpost-retirementbenetscontinued
Theexpectedlong-termratesofreturnandmarketvaluesofthevariouscategoriesofassetsheldbythedenedbenetplansat31Decemberaresetout
below.Themarketvaluesshownincludetheeffectsofderivativenancialinstruments.Theamountsclassiedasequitiesincludeinvestmentsincompanies
listedonstockexchangesaswellasunlistedinvestments.Themarketvalueofunlistedinvestmentsat31December2010was$3,348million(2009
$2,956millionand2008$2,819million).Themarketvalueofpensionassetsattheendof2010washigherthanattheendof2009duetoariseinthemarket
valueofinvestmentswhenexpressedintheirlocalcurrenciespartiallyoffsetbyadecreaseinvaluethatarisesfromchangesinexchangerates(decreasing
thereportedvalueofinvestmentswhenexpressedinUSdollars).Movementsinthevalueofplanassetsduringtheyearareshownindetailinthetableon
page206.
   2010  2009  2008
        Expected Expected  Expected
long-term long-term  long-term
rate of Market rateof Market rateof Market
return value return value return value
  % $ million % $million % $million
UKpensionplans
 Equities   8.0 18,546 8.0 16,945 8.0 13,704
 Bonds    5.0 3,866 5.3 3,701 6.1 3,258
 Property   6.5 1,462 6.5 1,269 6.5 978
 Cash    1.4 406 1.1 634 2.9 299
      7.2 24,280 7.3 22,549 7.4 18,239
USpensionplans
 Equities   8.5 5,058 8.5 4,326 8.5 3,991
 Bonds    4.5 1,419 4.8 1,218 3.7 1,247
 Property   8.0 7 8.0 8 8.0 8
 Cash    0.3 165 0.9 271 1.9 131
8.0 6,649 8.0 5,823 8.0 5,377
USotherpost-retirementbenetplans
 Equities   – – 8.5 8 8.5 9
 Bonds    – – 4.8 4 3.7 4
 Cash    0.3 8 – – – –
      0.3 8 7.6 12 7.3 13
Otherplans
 Equities   8.0 1,182 8.6 1,091 8.4 799
 Bonds    4.2 1,874 4.4 1,651 4.2 1,481
 Property   6.3 83 6.5 82 6.3 127
 Cash    2.7 155 2.0 245 3.1 118
      5.4 3,294 5.9 3,069 5.8 2,525
 
204BPAnnualReportandForm20-F2010