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BP » Topics » Accounting treatment

This excerpt taken from the BP 20-F filed Jun 13, 2006.

Accounting treatment

        The committee also received during the year separate reports concerning the Group's environmental and decommissioning provisions, tax exposures, pension assumptions and the status of current litigation. The committee gained assurance that such liabilities and contingencies were appropriately reflected in the financial results.

This excerpt taken from the BP 20-F filed Jun 30, 2005.

Accounting treatment

        The committee also received during the year separate reports concerning the Group's environmental and decommissioning provisions, tax exposures, pension assumptions and the status of current litigation. The committee gained assurance that such liabilities and contingencies were appropriately reflected in the financial results.

EXCERPTS ON THIS PAGE:

20-F
Jun 13, 2006
20-F
Jun 30, 2005

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