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Capital and reserves (Tables)
 12 Months Ended
Dec. 31, 2019
Share Capital, Reserves And Other Equity Interest [Abstract]  
Disclosure of reserves and other equity interest
 
 
 
 
 
 
 
 
 
Share
capital

Share
premium
account

Capital
redemption
reserve

Merger
reserve

Total share capital
and capital
reserves

At 31 December 2018
 
5,402

12,305

1,439

27,206

46,352

Adjustment on adoption of IFRS 16, net of tax
 
—

—

—

—

—

At 1 January 2019
 
5,402

12,305

1,439

27,206

46,352

Profit (loss) for the year
 
—

—

—

—

—

Items that may be reclassified subsequently to profit or loss
 
 
 
 
 
 
Currency translation differences (including reclassifications)
 
—

—

—

—

—

Cash flow hedges and costs of hedging (including reclassifications)
 
—

—

—

—

—

Share of items relating to equity-accounted entities, net of taxa
 
—

—

—

—

—

Other
 
—

—

—

—

—

Items that will not be reclassified to profit or loss
 
 
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
—

—

—

—

—

Cash flow hedges that will subsequently be transferred to the balance sheet
 
—

—

—

—

—

Total comprehensive income
 
—

—

—

—

—

Dividends
 
52

(52
)
—

—

—

Cash flow hedges transferred to the balance sheet, net of tax
 
—

—

—

—

—

Repurchases of ordinary share capital
 
(59
)
—

59

—

—

Share-based payments, net of taxb
 
9

164

—

—

173

Share of equity-accounted entities’ changes in equity, net of tax
 
—

—

—

—

—

Transactions involving non-controlling interests, net of taxc
 
—

—

—

—

—

At 31 December 2019
 
5,404

12,417

1,498

27,206

46,525

 
 
 
 
 
 
 
At 31 December 2017
 
5,343

12,147

1,426

27,206

46,122

Adjustment on adoption of IFRS 9, net of tax
 
—

—

—

—

—

At 1 January 2018
 
5,343

12,147

1,426

27,206

46,122

Profit (loss) for the year
 
—

—

—

—

—

Items that may be reclassified subsequently to profit or loss
 
 
 
 
 
 
Currency translation differences (including reclassifications)
 
—

—

—

—

—

Cash flow hedges and costs of hedging (including reclassifications)
 
—

—

—

—

—

Share of items relating to equity-accounted entities, net of taxa
 
—

—

—

—

—

Other
 
—

—

—

—

—

Items that will not be reclassified to profit or loss
 
 
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
—

—

—

—

—

Cash flow hedges that will subsequently be transferred to the balance sheet
 
—

—

—

—

—

Total comprehensive income
 
—

—

—

—

—

Dividends
 
49

(49
)
—

—

—

Cash flow hedges transferred to the balance sheet, net of tax
 
—

—

—

—

—

Repurchases of ordinary share capital
 
(13
)
—

13

—

—

Share-based payments, net of taxb
 
23

207

—

—

230

Share of equity-accounted entities’ changes in equity, net of tax
 
—

—

—

—

—

Transactions involving non-controlling interests, net of tax
 
—

—

—

—

—

At 31 December 2018
 
5,402

12,305

1,439

27,206

46,352

 
 
 
 
 
 
 
At 1 January 2017
 
5,284

12,219

1,413

27,206

46,122

Profit (loss) for the year
 
—

—

—

—

—

Items that may be reclassified subsequently to profit or loss
 
 
 
 
 
 
Currency translation differences (including reclassifications)
 
—

—

—

—

—

Available-for-sale investments (including reclassifications)
 
—

—

—

—

—

Cash flow hedges (including reclassifications)
 
—

—

—

—

—

Share of items relating to equity-accounted entities, net of taxa
 
—

—

—

—

—

Other
 
—

—

—

—

—

Items that will not be reclassified to profit or loss
 
 
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
—

—

—

—

—

Total comprehensive income
 
—

—

—

—

—

Dividends
 
72

(72
)
—

—

—

Repurchases of ordinary share capital
 
(13
)
—

13

—

—

Share-based payments, net of taxb
 
—

—

—

—

—

Share of equity-accounted entities’ changes in equity, net of tax
 
—

—

—

—

—

Transactions involving non-controlling interests, net of taxd
 
—

—

—

—

—

At 31 December 2017
 
5,343

12,147

1,426

27,206

46,122

a Principally foreign exchange effects relating to the Russian rouble.
b Movements in treasury shares relate to employee share-based payment plans.

32. Capital and reserves – continued
 
 
 
 
 
 
 
 
 
$ million

Treasury
shares

Foreign
currency
translation
reserve

Available-
for-sale
investments

Cash flow
hedges

Costs of hedging

Total
fair value
reserves

Profit and
loss
account

BP
shareholders’
equity

Non-
controlling
interests

Total equity

(15,767
)
(8,902
)
—

(777
)
(210
)
(987
)
78,748

99,444

2,104

101,548

—

—

—

—

—

—

(329
)
(329
)
(1
)
(330
)
(15,767
)
(8,902
)
—

(777
)
(210
)
(987
)
78,419

99,115

2,103

101,218

—

—

—

—

—

—

4,026

4,026

164

4,190

 
 
 
 
 
 
 
 
 
 
—

2,407

—

—

—

—

—

2,407

9

2,416

—

—

—

5

50

55

—

55

—

55

—

—

—

—

—

—

82

82

—

82

—

—

—

—

—

—

(64
)
(64
)
—

(64
)
 
 
 
 
 
 
 
 
 
 
—

—

—

—

—

—

171

171

—

171

—

—

—

(3
)
—

(3
)
—

(3
)
—

(3
)
—

2,407

—

2

50

52

4,215

6,674

173

6,847

—

—

—

—

—

—

(6,929
)
(6,929
)
(213
)
(7,142
)
—

—

—

23

—

23

—

23

—

23

—

—

—

—

—

—

(1,511
)
(1,511
)
—

(1,511
)
1,355

—

—

—

—

—

(809
)
719

—

719

—

—

—

—

—

—

5

5

—

5

—

—

—

—

—

—

316

316

233

549

(14,412
)
(6,495
)
—

(752
)
(160
)
(912
)
73,706

98,412

2,296

100,708

 
 
 
 
 
 
 
 
 
 
(16,958
)
(5,156
)
17

(760
)
—

(743
)
75,226

98,491

1,913

100,404

—

—

(17
)
—

(37
)
(54
)
(126
)
(180
)
—

(180
)
(16,958
)
(5,156
)
—

(760
)
(37
)
(797
)
75,100

98,311

1,913

100,224

—

—

—

—

—

—

9,383

9,383

195

9,578

 
 
 
 
 
 
 
 
 
 
—

(3,746
)
—

—

—

—

—

(3,746
)
(41
)
(3,787
)
—

—

—

(6
)
(173
)
(179
)
—

(179
)
—

(179
)
—

—

—

—

—

—

417

417

—

417

—

—

—

—

—

—

7

7

—

7

 
 
 
 
 
 
 
 
 
 
—

—

—

—

—

—

1,599

1,599

—

1,599

—

—

—

(37
)
—

(37
)
—

(37
)
—

(37
)
—

(3,746
)
—

(43
)
(173
)
(216
)
11,406

7,444

154

7,598

—

—

—

—

—

—

(6,699
)
(6,699
)
(170
)
(6,869
)
—

—

—

26

—

26

—

26

—

26

—

—

—

—

—

—

(355
)
(355
)
—

(355
)
1,191

—

—

—

—

—

(718
)
703

—

703

—

—

—

—

—

—

14

14

—

14

—

—

—

—

—

—

—

—

207

207

(15,767
)
(8,902
)
—

(777
)
(210
)
(987
)
78,748

99,444

2,104

101,548

 
 
 
 
 
 
 
 
 
 
(18,443
)
(6,878
)
3

(1,156
)
—

(1,153
)
75,638

95,286

1,557

96,843

—

—

—

—

—

—

3,389

3,389

79

3,468

 
 
 
 
 
 
 
 
 
 
—

1,722

—

—

—

—

(3
)
1,719

52

1,771

—

—

14

—

—

14

—

14

—

14

—

—

—

396

—

396

—

396

—

396

—

—

—

—

—

—

564

564

—

564

—

—

—

—

—

—

(72
)
(72
)
—

(72
)
 
 
 
 
 
 
 
 
 
 
—

—

—

—

—

—

2,343

2,343

—

2,343

—

1,722

14

396

—

410

6,221

8,353

131

8,484

—

—

—

—

—

—

(6,153
)
(6,153
)
(141
)
(6,294
)
—

—

—

—

—

—

(343
)
(343
)
—

(343
)
1,485

—

—

—

—

—

(798
)
687

—

687

—

—

—

—

—

—

215

215

—

215

—

—

—

—

—

—

446

446

366

812

(16,958
)
(5,156
)
17

(760
)
—

(743
)
75,226

98,491

1,913

100,404


c Principally relates to the sale of a 49% interest in BP's retail property portfolio in Australia.
d Principally relates to the initial public offering of common units in BP Midstream Partners LP for which net proceeds of $811 million were received.
Disclosure of pre-tax and tax amounts components of other comprehensive income
The pre-tax amounts of each component of other comprehensive income, and the related amounts of tax, are shown in the table below.
 
 
 
 
$ million

 
 
 
 
2019

 
 
Pre-tax

Tax

Net of tax

Items that may be reclassified subsequently to profit or loss
 
 
 
 
Currency translation differences (including reclassifications)
 
2,418

(2
)
2,416

Cash flow hedges (including reclassifications)
 
6

(1
)
5

Costs of hedging (including reclassifications)
 
53

(3
)
50

Share of items relating to equity-accounted entities, net of tax
 
82

—

82

Other
 
—

(64
)
(64
)
Items that will not be reclassified to profit or loss
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
328

(157
)
171

Cash flow hedges that will subsequently be transferred to the balance sheet
 
(3
)
—

(3
)
Other comprehensive income
 
2,884

(227
)
2,657

 
 
 
 
 
 
 
 
 
$ million

 
 
 
 
2018

 
 
Pre-tax

Tax

Net of tax

Items that may be reclassified subsequently to profit or loss
 
 
 
 
Currency translation differences (including reclassifications)
 
(3,771
)
(16
)
(3,787
)
Cash flow hedges (including reclassifications)
 
(6
)
—

(6
)
Costs of hedging (including reclassifications)
 
(186
)
13

(173
)
Share of items relating to equity-accounted entities, net of tax
 
417

—

417

Other
 
—

7

7

Items that will not be reclassified to profit or loss
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
2,317

(718
)
1,599

Cash flow hedges that will subsequently be transferred to the balance sheet
 
(37
)
—

(37
)
Other comprehensive income
 
(1,266
)
(714
)
(1,980
)
 
 
 
 
 
 
 
 
 
$ million

 
 
 
 
2017

 
 
Pre-tax

Tax

Net of tax

Items that may be reclassified subsequently to profit or loss
 
 
 
 
Currency translation differences (including reclassifications)
 
1,866

(95
)
1,771

Available-for-sale investments (including reclassifications)
 
14

—

14

Cash flow hedges (including reclassifications)
 
425

(29
)
396

Share of items relating to equity-accounted entities, net of tax
 
564

—

564

Other
 
—

(72
)
(72
)
Items that will not be reclassified to profit or loss
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
3,646

(1,303
)
2,343

Other comprehensive income
 
6,515

(1,499
)
5,016