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

More documents

Recommendations

Info

Notes to the accounts For the year ended 31st December 2008 53 Segmental reporting (continued) Global Retail and Commercial Banking – Emerging Markets GRCB – Emerging Markets encompasses Barclays Global Retail and Commercial Banking, as well as Barclaycard operations, in 14 countries organised in six geographic areas: India and Indian Ocean (India, Mauritius and Seychelles); Middle East and North Africa (UAE and Egypt); East and West Africa (Ghana, Tanzania, Uganda and Kenya); Southern Africa (Botswana, Zambia and Zimbabwe); Russia; and Pakistan (from 23rd July 2008). GRCB – Emerging Markets serves its customers through a variety of distribution channels. GRCB – Emerging Markets provides a variety of traditional retail and commercial products including retail mortgages, current and deposit accounts, commercial lending, unsecured lending, credit cards, treasury and investments. In addition to this, it provides specialist services such as Sharia compliant products and mobile banking. Global Retail and Commercial Banking – Absa GRCB – Absa represents Barclays consolidation of Absa, excluding Absa Capital and Absa Card which is included as part of Barclays Capital and Barclaycard respectively. Absa Group Limited is a South African financial services organisation serving personal, commercial and corporate customers predominantly in South Africa. GRCB – Absa serves retail customers through a variety of distribution channels and offers a full range of banking services, including current and deposit accounts, mortgages, instalment finance, credit cards, bancassurance products and wealth management services. It also offers customised business solutions for commercial and large corporate customers. Barclays Capital Barclays Capital is the investment banking division of Barclays that provides large corporate, institutional and government clients with solutions to their financing and risk management needs. Barclays Capital services a wide variety of client needs, covering strategic advisory and M&A; equity and fixed income capital raising and corporate lending; and risk management across foreign exchange, interest rates, equities and commodities. Activities are organised into three principal areas: Global Markets, which includes commodities, credit products, equities, foreign exchange, interest rate products; Investment Banking, which includes corporate advisory, Mergers and Acquisitions, equity and fixed-income capital raising and corporate lending; and Private Equity and Principal Investments. Barclays Capital includes Absa Capital, the investment banking business of Absa. Barclays Capital works closely with all other parts of the Group to leverage synergies from client relationships and product capabilities. Barclays Global Investors BGI is an asset manager and a provider of investment management products and services. BGI offers structured investment strategies such as indexing, global asset allocation and risk controlled active products including hedge funds and provides related investment services such as securities lending, cash management and portfolio transition services. BGI collaborates with the other Barclays businesses, particularly Barclays Capital and Barclays Wealth, to develop and market products and leverage capabilities to better serve the client base. Barclays Wealth Barclays Wealth serves high net worth, affluent and intermediary clients worldwide, providing private banking, asset management, stockbroking, offshore banking, wealth structuring and financial planning services and managed the closed life assurance activities of Barclays and Woolwich in the UK. Barclays Wealth works closely with all other parts of the Group to leverage synergies from client relationships and product capabilities. Head Office Functions and Other Operations Head Office Functions and Other Operations comprises head office and central support functions, businesses in transition and inter-segment adjustments. Head office and central support functions comprises the following areas: Executive Management, Finance, Treasury, Corporate Affairs, Human Resources, Strategy and Planning, Internal Audit, Legal, Corporate Secretariat, Property, Tax, Compliance and Risk. Costs incurred wholly on behalf of the businesses are recharged to them. Businesses in transition principally relate to certain lending portfolios that are centrally managed with the objective of maximising recovery from the assets. 294 Barclays PLC Annual Report 2008 | Find out more at www.barclays.com/annualreport08
53 Segmental reporting (continued) As at 31st December 2008 Head office UK Barclays GRCB – GRCB – Barclays functions Retail Commercial Western Emerging GRCB – Barclays Global Barclays and other Banking Bank Barclaycard Europe Markets Absa Capital Investors Wealth operations Total £m £m £m £m £m £m £m £m £m £m £m Interest income from external customers 2,816 1,589 1,677 808 644 1,223 2,026 (52) 496 242 11,469 Other income from external customers 1,702 1,068 1,492 625 375 946 2,989 1,890 914 (355) 11,646 Income from external customers, net of insurance claims 4,518 2,657 3,169 1,433 1,019 2,169 5,015 1,838 1,410 (113) 23,115 Inter-segment income (36) 88 50 (3) – 29 216 6 (86) (264) – Total income net of insurance claims 4,482 2,745 3,219 1,430 1,019 2,198 5,231 1,844 1,324 (377) 23,115 Impairment charges and other credit provisions (602) (414) (1,097) (296) (166) (347) (2,423) – (44) (30) (5,419) Segment expenses – external (2,138) (934) (1,405) (1,108) (856) (1,576) (3,789) (1,231) (809) (520) (14,366) Inter-segment expenses (381) (129) (17) 179 137 271 15 (18) (126) 69 – Total expenses (2,519) (1,063) (1,422) (929) (719) (1,305) (3,774) (1,249) (935) (451) (14,366) Share of post-tax results of associates and joint ventures 8 (2) (3) – – 5 6 – – – 14 Profit on disposal of subsidiaries, associates and joint ventures – – – – – 1 – – 326 – 327 Gains on acquisitions – – 92 52 – – 2,262 – – – 2,406 Business segment profit before tax 1,369 1,266 789 257 134 552 1,302 595 671 (858) 6,077 Additional information Depreciation and amortisation 111 69 114 69 58 117 272 40 40 31 921 Impairment loss – intangible assets – – – – – – – – (3) – (3) Impairment of goodwill – – 37 – – – 74 – – – 111 Investments in associates and joint ventures 1 (3) (13) – – 84 150 – – 122 341 Total assets 101,384 84,029 30,925 64,732 14,653 40,391 1,629,117 71,340 13,263 3,146 2,052,980 Total liabilities 104,640 64,997 3,004 37,250 10,517 20,720 1,603,093 68,372 45,846 47,130 2,005,569 3 Financial statements Barclays PLC Annual Report 2008 295
Page 1 and 2:
Financial statements Presentation o
Page 3 and 4:
Independent Auditors’ report Inde
Page 5 and 6:
Consolidated accounts Barclays PLC
Page 7 and 8:
) financial assets, loans to custom
Page 9 and 10:
11. Collateral and netting The Grou
Page 11 and 12:
17. Issued debt and equity securiti
Page 13 and 14:
24. Taxes, including deferred taxes
Page 15 and 16:
The following IFRIC interpretations
Page 17 and 18:
Consolidated balance sheet As at 31
Page 19 and 20:
Consolidated cash flow statement Fo
Page 21 and 22:
Statement of recognised income and
Page 23 and 24:
4 Principal transactions 2008 2007
Page 25 and 26:
9 Administration and general expens
Page 27 and 28:
12 Trading portfolio 2008 2007 £m
Page 29 and 30:
14 Derivative financial instruments
Page 31 and 32:
16 Available for sale financial inv
Page 33 and 34:
20 Investments in associates and jo
Page 35 and 36:
22 Intangible assets 2008 Internall
Page 37 and 38:
24 Financial liabilities designated
Page 39 and 40:
26 Insurance assets and liabilities
Page 41 and 42:
27 Subordinated liabilities (contin
Page 43 and 44:
27 Subordinated liabilities (contin
Page 45 and 46:
29 Securitisations The Group was pa
Page 47 and 48:
30 Retirement benefit obligations (
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
31 Ordinary shares, share premium,
Page 55 and 56: 32 Reserves (continued) Retained ea
Page 57 and 58: 34 Contingent liabilities and commi
Page 59 and 60: 37 Leasing The Group is both lessor
Page 61 and 62: 39 Acquisitions The Group made the
Page 63 and 64: 39 Acquisitions (continued) (c) Exp
Page 65 and 66: 42 Other entities There are a numbe
Page 67 and 68: 43 Related party transactions and D
Page 69 and 70: 43 Related party transactions and D
Page 71 and 72: 45 Share-based payments (continued)
Page 77 and 78: 47 Credit risk (continued) Whilst t
Page 79 and 80: 47 Credit risk (continued) Credit r
Page 81 and 82: 47 Credit risk (continued) Credit r
Page 83 and 84: 47 Credit risk (continued) All loan
Page 85 and 86: 47 Credit risk (continued) Loans an
Page 87 and 88: 47 Credit risk (continued) Renegoti
Page 89 and 90: 47 Credit risk (continued) Reverse
Page 91 and 92: 48 Market risk (continued) To furth
Page 93 and 94: 48 Market risk (continued) Foreign
Page 95 and 96: 49 Liquidity risk (continued) Year-
Page 97 and 98: 49 Liquidity risk (continued) At 31
Page 99 and 100: 50 Fair value of financial instrume
Page 105: 52 Capital Management (continued) R
Page 109 and 110: 53 Segmental reporting (continued)
Page 111 and 112: Barclays Bank PLC data Consolidated
Page 117 and 118: c Principal transactions (continued
Page 119 and 120: f Other income 2008 2007 2006 £m
Page 121 and 122: k Called up share capital (continue
Page 123 and 124: l Reserves Other reserves Available
Page 125 and 126: Barclays Bank PLC data Financial Da
show all

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

Create successful ePaper yourself

Delete template?

Save as template?