BP 2008 Annual Report Download - page 108

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Financial statements
BP Annual Report and Accounts 2008
Consolidated financial statements of the BP group
Group statement of recognized income and expense
For the year ended 31 December $ million
2008 2007 2006
Currency translation differences (4,362) 1,887 2,025
Exchange gain on translation of foreign operations transferred to gain or loss on sale of
businesses and fixed assets (147) –
Actuarial (loss) gain relating to pensions and other post-retirement benefits (8,430) 1,717 2,615
Available-for-sale investments marked to market (994) 200 561
Available-for-sale investments – recycled to the income statement 526 (91) (695)
Cash flow hedges marked to market (1,173) 155 413
Cash flow hedges – recycled to the income statement 45 (74) (93)
Cash flow hedges – recycled to the balance sheet (38) (40) (6)
Tax on currency translation differences 100 139 (201)
Tax on actuarial (loss) gain relating to pensions and other post-retirement benefits 2,602 (427) (820)
Tax on available-for-sale investments 50 (14) 108
Tax on cash flow hedges 194 26 (47)
Tax on share-based payments (190) 213 26
Net (expense) income recognized directly in equity (11,670) 3,544 3,886
Profit for the year 21,666 21,169 22,286
Total recognized income and expense for the year 9,996 24,713 26,172
Attributable to
BP shareholders 9,562 24,365 25,837
Minority interest 434 348 335
9,996 24,713 26,172
107