Send us Feedback

BP (BP)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

BP » Topics » Non-qualifying hedge derivatives

This excerpt taken from the BP 6-K filed Sep 7, 2005.
Non-qualifying hedge derivatives

 

Under IAS 39, there are strict criteria that need to be met in order for hedge accounting to be applied.  This adjustment records the impact of those derivatives, or elements thereof, held by the Group that do not qualify for hedge accounting, or hedges for which hedge accounting has not been claimed under IAS 39.

 

84


 

From January 1, 2005 these positions will be fair valued (‘marked to market’) and the change in fair value taken to income.

 

Increase (decrease) in caption heading

 

 

 

At January 1,

 

 

 

2005

 

 

 

($ million)

 

Loans and other receivables

 

8

 

Trade and other receivables

 

178

 

Trade and other payables

 

210

 

Other payables

 

17

 

Deferred tax liabilities

 

(13

)

Total equity

 

(28

)

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki