Link: FRS 17 debate
Profits would have risen from £6.8bn to £7.14bn as a result of the changes, which included items previously classed as special and exceptional items and an adoption of the FRS17 rules.
The changes were announced by the company on 11 March.
Last year’s profit was a record for the oil giant and led to a £4.8m bonus for chief executive Lord Browne.
However profits were lower than expected towards the end of 2003.
Analysts have long argued that BP should change the way it structures its accounts but the company has resisted.
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