BP 2008 Annual Report Download - page 57
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Non-operating items
–
63
–
BP Annual Report and Accounts 2008
Performance review
$ million
2008 2007 2006
Exploration and Production
Impairment and gain (loss) on sale of businesses and fixed assets (1,015) 857 2,410
Environmental and other provisions (12) (12) (17)
Restructuring, integration and rationalization costs (57) (186) –
Fair value gain (loss) on embedded derivatives (163) – 603
Other 257 (168) (433)
(990) 491 2,563
Refining and Marketing
Impairment and gain (loss) on sale of businesses and fixed assets 801 (35) 726
Environmental and other provisions (64) (138) (33)
Restructuring, integration and rationalization costs (447) (118) –
Fair value gain (loss) on embedded derivatives 57 –
Other –(661) (1,080)
347 (952) (387)
Other businesses and corporate
Impairment and gain (loss) on sale of businesses and fixed assets (166) (14) 29
Environmental and other provisions (117) (35) 94
Restructuring, integration and rationalization costs (254) (34) –
Fair value gain (loss) on embedded derivatives (5) (7) 5
Other (91) (172) (200)
(633) (262) (72)
Total before taxation for continuing operations (1,276) (723) 2,104
Taxationa480 350 (867)
Total after taxation for continuing operations (796) (373) 1,237
Fair value accounting effects
$ million
2008 2007 2006
Exploration and Production
Unrecognized gains (losses) brought forward from previous period 107 155 123
Unrecognized (gains) losses carried forward (389) (107) (155)
Favourable (unfavourable) impact relative to management’s measure of performance (282) 48 (32)
Refining and Marketing
Unrecognized gains (losses) brought forward from previous period 429 72 283
Unrecognized (gains) losses carried forward 82 (429) (72)
Favourable (unfavourable) impact relative to management’s measure of performance 511 (357) 211
229 (309) 179
Taxationa(83) 111 (107)
146 (198) 72
By region
Exploration and Production
UK 45 1
Rest of Europe ––
US (231) (77) (59)
Rest of World (96) 124 (36)
(282) 48 (32)
Refining and Marketing
UK 186 (52) 109
Rest of Europe 54 (110) 101
US 231 (165) 13
Rest of World 40 (30) (12)
511 (357) 211
aThe amounts shown for taxation are based upon the effective tax rate on group profit.
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