BP 2005 Annual Report Download - page 155

Download and view the complete annual report

Please find page 155 of the 2005 BP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 180

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180

8 Capital and reserves $ million
Share Capital Profit
Share premium redemption Merger Other Own Treasury and loss
capital account reserve reserve reserves shares shares account Total
At 1 January 2005 5,403 5,636 730 26,465 44 (82) – 45,461 83,657
Currency translation
differences – – – – – 12 – – 12
Actuarial gain (loss)
(net of tax) – – – – – – – 811 811
Employee share schemes 17 436 – – – – 3 (1) 455
Atlantic Richfield 3 76 – 28 (28) – – – 79
Issue of ordinary share
capital for TNK-BP 27 1,223 – – – – – – 1,250
Purchase of shares by
ESOP trusts – – – – – (251) – – (251)
Share-based payments
(net of tax) – – – – – 181 – 240 421
Repurchase of ordinary
share capital (265) – 19 – – – (10,601) (750) (11,597)
Profit for the year – – – – – – – 20,858 20,858
Dividends – – – – – – – (7,359) (7,359)
At 31 December 2005 5,185 7,371 749 26,493 16 (140) (10,598) 59,260 88,336
At 1 January 2004 5,552 3,957 523 26,380 129 (96) – 38,325 74,770
Prior year adjustment –
change in accounting policy – – – – – – – 1,750 1,750
Restated 5,552 3,957 523 26,380 129 (96) – 40,075 76,520
Currency translation
differences – – – – – (7) – – (7)
Actuarial gain (loss)
(net of tax) – – – – – – – 138 138
Employee share schemes 16 311 – – – – – – 327
Atlantic Richfield 7 153 – 85 (85) – – – 160
Issue of ordinary share
capital for TNK-BP 35 1,215 – – – – – – 1,250
Purchase of shares by
ESOP trusts – – – – – (147) – – (147)
Repurchase of ordinary
share capital (207) – 207 – – – – (7,548) (7,548)
Share-based payments
(net of tax) – – – – – 168 – 224 392
Profit for the year – – – – – – – 18,613 18,613
Dividends – – – – – – – (6,041) (6,041)
At 31 December 2004 5,403 5,636 730 26,465 44 (82) – 45,461 83,657
$ million
Profit
and loss
Prior year adjustment account
Dividend accrual reversal 1,494
Share-based payments 256
At 1 January 2004 1,750
As a consolidated income statement is presented, a separate income statement for the parent company is not required to be published.
The profit and loss account reserve includes $27,391 million (2004 $25,026 million and 2003 $24,107 million), the distribution of which is limited
by statutory or other restrictions.
9 Contingent liabilities
The parent company has issued guarantees under which amounts outstanding at 31 December 2005 were $16,846 million (2004 $21,106 million
and 2003 $20,903 million), including $16,822 million (2004 $21,050 million and 2003 $20,847million) in respect of borrowings by its subsidiary
undertakings and $24 million (2004 $56 million and 2003 $56 million) in respect of liabilities of other third parties.
BP Annual Report and Accounts 2005 153