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Barclays plc - Annual Report 2008 - Financial statements - The Group

Barclays plc - Annual Report 2008 - Financial statements - The Group

Barclays plc - Annual Report 2008 - Financial statements - The

Financial statements Presentation of information 190 Independent Auditors’ Report to the Members of Barclays PLC 191 Report of the Independent Registered Public Accounting Firm to the Board of Directors and Shareholders of Barclays PLC 192 Consolidated accounts Barclays PLC 193 Accounting policies 193 Accounting developments 202 Consolidated income statement 204 Consolidated balance sheet 205 Consolidated statement of recognised income and expense 206 Consolidated cash flow statement 207 Parent company accounts 208 Notes to the accounts 210 Barclays Bank PLC accounts 299 3 Developing Retail and Commercial banking activities in selected countries outside the UK Acquisition of Expobank in Russia The acquisition of Expobank in July advances Barclays strategy of increasing its exposure over time to emerging markets with good growth characteristics. With 36 branches and over 400,000 customers the acquisition provides the ideal platform for organic growth and for Barclays to become one of the leading retail and commercial banks in Russia. Financial statements Customers 400,000+ 55° 45' 21"N Moscow 3pm MSK

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