BP annual data 2002

	Units	2002 (UK GAAP)	2003 (IFRS)	2004 (IFRS)	2005 (IFRS)	2006 (IFRS)
Capital expenditure
Capital expenditure - Total	$m	19,093	19,623	16,651	14,149	17,231
Capital expenditure - by business
Capital expenditure - E&P	$m	9,483	15,185	11,002	10,237	13,118
Capital expenditure - GP&R	$m	447	525	530	235	688
Capital expenditure - R&M	$m	8,153	3,081	2,989	2,860	3,144
Capital expenditure - Other businesses and corporate	$m	1,010	832	2,130	817	281

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.

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BP annual data 2002 - 2006