BP » Topics » Other non-financial contracts at fair value

This excerpt taken from the BP 6-K filed Sep 7, 2005.
Other non-financial contracts at fair value

 

Certain net-settled non-financial contracts are deemed to meet the definition of financial instruments under IAS 39 and as such need to be recorded on the balance sheet at fair value.

 

Increase (decrease) in caption heading

 

 

 

At January 1,

 

 

 

2005

 

 

 

($ million)

 

Loans and other receivables

 

110

 

Trade and other receivables

 

34

 

Trade and other payables

 

14

 

Other payables

 

12

 

Deferred tax liabilities

 

44

 

Total equity

 

74

 

 

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