BP 2005 Annual Report Download - page 44

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42 Making energy more
Group statement of recognized income and expense
For the year ended 31 December $ million
Note 2005 2004 2003
Currency translation differences (2,502) 2,283 3,656
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 975 107 76
Available-for-sale investments marked to market 322––
Available-for-sale investments – recycled to the income statement (60) –
Cash flow hedges marked to market (212) –
Cash flow hedges – recycled to the income statement 36––
Cash flow hedges – recycled to the balance sheet –––
Unrealized gain on acquisition of further investment in equity-accounted investments –94 –
Tax on currency translation differences 11 (208) (37)
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 (loss) relating to pensions and other post-retirement benefits (356) 96 (16)
Tax on available-for-sale investments (72) –
Tax on cash flow hedges 63––
Tax on share-based payment accrual –39 5
Net income recognized directly in equity (2,015) 2,333 3,684
Profit for the year 22,632 17,262 12,618
Total recognized income and expense relating to the year 20,617 19,595 16,302
Change in accounting policy – adoption of IAS 32 and IAS 39 on 1 January 2005 50 (243)
Total recognized income and expense since last annual accounts 20,374
Attributable to
BP shareholders 20,083 19,408 16,132
Minority interest 291 187 170
20,374 19,595 16,302