BP annual data 2002

	Units	2002 (UK GAAP)	2003 (IFRS)	2004 (IFRS)	2005 (IFRS)	2006 (IFRS)
Replacement cost profit from continuing operations before interest and tax (1,2) - Total	$m	11,200	18,724	24,385	30,038	35,411
RCPBIT - by business
RCPBIT - E&P	$m	8,277	15,081	18,075	25,485	29,647
RCPBIT - GP&R	$m	1,961	609	964	1,077	1,376
RCPBIT - R&M	$m	1,936	3,162	5,194	4,394	5,283
RCPBIT - Other businesses & corporate	$m	-974	-260	155	-1,237	-947

The group adopted International Financial Reporting Standards (IFRS) with effect from 1 January 2005. Financial information for 2003 and 2004 has been restated to reflect the adoption of IFRS, as has the balance sheet at 1 January 2003, BP's date of transition to IFRS. BP chose not to adopt International Accounting Standard No. 39 'Financial Instruments: Recognition and Measurement' (IAS 39) until 1 January 2005, so financial assets and liabilities, including derivatives, are reported on the basis of UK generally accepted accounting practice (UK GAAP) for 2003 and 2004. The balance sheet at 1 January 2005 is also presented to show the effect of adopting IAS 39. The financial information for 2002 has not been restated for IFRS and remains on the basis of UK GAAP.

(1) Replacement cost profit before interest and tax includes equity-accounted interest and tax.

(2) Replacement cost profit is before inventory holding gains and losses.

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BP annual data 2002 - 2006