BP annual data 2002

	Units	2002 (UK GAAP)	2003 (IFRS)	2004 (IFRS)	2005 (IFRS)	2006 (IFRS)
Capital employed
Operating capital employed - Total	$m	90,253	101,397	111,142	110,061	118,902
Operating capital employed - by business
Operating capital employed - E&P (4)	$m	56,861	59,329	65,191	68,689	73,241
Operating capital employed - GP&R (4,5)	$m	2,922	4,761	5,333	5,542	5,582
Operating capital employed - R&M (4,5)	$m	32,166	34,084	38,287	39,779	41,175
Operating capital employed - Other businesses and corporate (4)	$m	-1,696	3,584	2,883	-3,171	-371

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.

(4) Operating capital employed is total assets (excluding goodwill) less total liabilities, excluding finance debt and current and deferred taxation.

(5) Operating capital employed revaluation adjustment consequent.

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BP annual data 2002 - 2006