|
Units
|
2004
|
2005
|
2006
|
2007
|
2008
|
Replacement cost profit from continuing operations before interest and tax (1,2) - Total
|
$m
|
24,385
|
30,038
|
35,411
|
28,794
|
41,727
|
RCPBIT - by business - select from menu
|
|
|
|
|
|
|
RCPBIT - E&P
|
$m
|
18,977
|
26,308
|
31,026
|
27,602
|
38,308
|
RCPBIT - R&M
|
$m
|
5,020
|
4,242
|
5,161
|
2,621
|
4,176
|
RCPBIT - Other businesses & corporate
|
$m
|
384
|
(902)
|
(841)
|
(1,209)
|
(1,223)
|
The group adopted International Financial Reporting Standards (IFRS) with effect from 1 January 2005. Financial information for 2004 has been restated to reflect the adoption of IFRS. BP chose not to adopt International Accounting Standard No. 39 'Financial Instruments: Recognition and Measurement' (IAS 39) until 1 January 2005, and so financial assets and liabilities, including derivatives, are reported on the basis of UK generally accepted accounting practice (UK GAAP) for 2004. The balance sheet at 1 January 2005 is also presented to show the effect of adopting IAS 39.
|