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BP » Topics » Note 12 - Pension and other post-retirement benefits (concluded)

This excerpt taken from the BP 6-K filed Aug 9, 2007.

Note 12 – Pension and other post-retirement benefits (concluded)

    Six months ended 30 June 2007  
    (Unaudited)  
   
 
    UK   US   Other   Total  
   
 
 
 
 
    ($ million)  
Current service cost   241   135   63   439  
Past service cost   –   –   –   –  
Settlement, curtailment and special termination
   benefits		   13   –   –   13  
Payments to defined contribution plans   –   101   10   111  
   
 
 
 
 
Total operating charge   254   236   73   563  
   
 
 
 
 
Expected return on plan assets   (1,020 ) (306 ) (80 ) (1,406 )
Interest on plan liabilities   589   306   189   1,084  
   
 
 
 
 
Interest net of expected return on plan assets   (431 ) –   109   (322 )
   
 
 
 
 


    Six months ended 30 June 2006  
    (Unaudited)  
   
 
    UK   US   Other   Total  
   
 
 
 
 
    ($ million)  
Current service cost   211   129   66   406  
Past service cost   –   –   10   10  
Settlement, curtailment and special termination
   benefits		   23   –   5   28  
Payments to defined contribution plans   –   92   9   101  
   
 
 
 
 
Total operating charge   234   221   90   545  
   
 
 
 
 
Expected return on plan assets   (832 ) (283 ) (66 ) (1,181 )
Interest on plan liabilities   490   305   160   955  
   
 
 
 
 
Interest net of expected return on plan assets   (342 ) 22   94   (226 )
   
 
 
 
 

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BP p.l.c. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

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