BP 2010 Annual Report Download - page 214

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Notesonnancialstatements
40.Capitalandreservescontinued
Share capital
Thebalanceonthesharecapitalaccountrepresentstheaggregatenominalvalueofallordinaryandpreferencesharesinissue,includingtreasuryshares.
Share premium account
Thebalanceonthesharepremiumaccountrepresentstheamountsreceivedinexcessofthenominalvalueoftheordinaryandpreferenceshares.
Capital redemption reserve
Thebalanceonthecapitalredemptionreserverepresentstheaggregatenominalvalueofalltheordinarysharesrepurchasedandcancelled.
Merger reserve
Thebalanceonthemergerreserverepresentsthefairvalueoftheconsiderationgiveninexcessofthenominalvalueoftheordinarysharesissuedinan
acquisitionmadebytheissueofshares.
Own shares
OwnsharesrepresentBPsharesheldinEmployeeShareOwnershipPlans(ESOPs)tomeetthefuturerequirementsoftheemployeeshare-based
paymentplans.
Treasury shares
TreasurysharesrepresentBPsharesrepurchasedandavailableforre-issue.
Foreign currency translation reserve
Theforeigncurrencytranslationreserveisusedtorecordexchangedifferencesarisingfromthetranslationofthenancialstatementsofforeign
operations.Upondisposalofforeignoperations,therelatedaccumulatedexchangedifferencesarerecycledtotheincomestatement.Thisreserveisalso
usedtorecordtheeffectofhedgingnetinvestmentsinforeignoperations.
Available-for-sale investments
Thisreserverecordsthechangesinfairvalueofavailable-for-saleinvestments.Ondisposalorimpairment,thecumulativechangesinfairvaluearerecycled
totheincomestatement.
Cash ow hedges
Thisreserverecordstheportionofthegainorlossonahedginginstrumentinacashowhedgethatisdeterminedtobeaneffectivehedge.Whenthe
hedgedtransactionaffectsprotorloss,thegainorlossonthehedginginstrumentistransferredoutofequitytoeitherprotorlossorthecarryingvalue
ofassets,asappropriate.Iftheforecasttransactionisnolongerexpectedtooccurthegainorlossrecognizedinequityistransferredtoprotorloss.
Share-based payment reserve
Thisreserverepresentscumulativeamountschargedtoprotinrespectofemployeeshare-basedpaymentplanswheretheschemehasnotyetbeen
settledbymeansofanawardofsharestoanindividual.
Prot and loss account
Thebalanceheldonthisreserveistheaccumulatedretainedprotsofthegroup.
212BPAnnualReportandForm20-F2010