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 geographical area
Operating capital employed - UK (6)	$m	14,638	16,686	19,728	15,023	18,581
Operating capital employed - Rest of Europe	$m	10,407	10,528	12,903	9,313	9,128
Operating capital employed - USA	$m	37,239	38,814	38,656	40,722	40,234
Operating capital employed - Rest of World	$m	27,969	35,369	39,855	45,003	50,959

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.

(6) UK area includes the UK-based international activities of Refining and Marketing.

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BP annual data 2002 - 2006