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

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Barclays Bank PLC data Consolidated statement of recognised income and expense For the year ended 31st December 2008 2007 2006 £m £m £m Available for sale reserve: – Net (losses)/gains from changes in fair value (1,757) 389 107 – Losses transferred to net profit due to impairment 382 13 86 – Net gains transferred to net profit on disposal (209) (563) (327) – Net (gains)/losses transferred to net profit due to fair value hedging (2) 68 14 Cash flow hedging reserve: – Net gains/(losses) from changes in fair value 305 106 (437) – Net losses/(gains) transferred to net profit 71 253 (50) Currency translation differences 2,407 54 (781) Tax 841 54 253 Other (56) 22 25 Amounts included directly in equity 1,982 396 (1,110) Profit after tax 5,249 5,126 5,256 Total recognised income and expense for the year 7,231 5,522 4,146 Attributable to: Equity holders 6,654 5,135 4,132 Minority interests 577 387 14 7,231 5,522 4,146 302 Barclays PLC Annual Report 2008 | Find out more at www.barclays.com/annualreport08
Barclays Bank PLC data Consolidated cash flow statement For the year ended 31st December 2008 2007 2006 £m £m £m Reconciliation of profit before tax to net cash flows from operating activities: Profit before tax 6,035 7,107 7,197 Adjustment for non-cash items: Allowance for impairment 5,419 2,795 2,154 Depreciation and amortisation and impairment of property, plant, equipment and intangibles 951 669 612 Other provisions, including pensions 804 753 558 Net profit from associates and joint ventures (14) (42) (46) Net profit on disposal of investments and property, plant and equipment (371) (862) (778) Net profit from disposal of associates and joint ventures – (26) (263) Net profit from disposal of subsidiaries (327) (2) (60) Net gains on acquisitions (2,406) – – Other non-cash movements 830 (1,471) 1,661 Changes in operating assets and liabilities: Net increase in loans and advances to banks and customers (58,432) (77,987) (27,385) Net increase in deposits and debt securities in issue 76,886 91,451 46,944 Net (increase)/decrease in derivative financial instruments (17,529) (2,144) 1,196 Net decrease/(increase) in trading portfolio assets 26,945 (18,245) (18,333) Net (decrease)/increase in trading liabilities (5,928) (6,472) 310 Net decrease/(increase) in financial investments 5,229 (4,379) 1,538 Net (increase)/decrease in other assets (3,005) 1,296 (1,527) Net decrease in other liabilities (492) (1,056) (1,580) Tax paid (1,725) (1,583) (2,141) Net cash from operating activities 32,870 (10,198) 10,057 Purchase of available for sale financial investments (57,756) (26,947) (47,109) Proceeds from sale or redemption of available for sale financial investments 51,429 38,423 46,069 Purchase of intangible assets (687) (263) (212) Purchase of property, plant and equipment (1,720) (1,241) (654) Proceeds from sale of property, plant and equipment 799 617 786 Acquisition of subsidiaries, net of cash acquired (961) (270) (248) Disposal of subsidiaries, net of cash disposed 238 383 (15) Increase in investment in subsidiaries (157) (668) (432) Decrease in investment in subsidiaries 19 57 44 Acquisition of associates and joint ventures (96) (220) (162) Disposal of associates and joint ventures 137 145 739 Other cash flows associated with investing activities – – 17 Net cash from investing activities (8,755) 10,016 (1,177) Dividends paid (1,796) (3,418) (2,373) Proceeds from borrowings and issuance of debt securities 9,645 4,625 2,493 Repayments of borrowings and redemption of debt securities (1,207) (683) (366) Net issue of shares and other equity instruments 1,327 1,355 585 Capital injection from Barclays PLC 5,137 1,434 – Net issues of shares to minority interests 11 199 226 Net cash from financing activities 13,117 3,512 565 Effect of exchange rates on cash and cash equivalents (5,801) (654) 552 Net increase in cash and cash equivalents 31,431 2,676 9,997 Cash and cash equivalents at beginning of year 33,078 30,402 20,405 Cash and cash equivalents at end of year 64,509 33,078 30,402 Cash and cash equivalents comprise: Cash and balances at central banks 30,019 5,801 6,795 Loans and advances to banks 47,707 40,120 30,926 Less: non-cash amounts and amounts with original maturity greater than three months (15,428) (19,376) (15,892) 32,279 20,744 15,034 Available for sale treasury and other eligible bills 65,016 43,256 51,952 Less: non-cash and amounts with original maturity greater than three months (62,916) (41,872) (50,933) 2,100 1,384 1,019 Trading portfolio assets 185,646 193,726 177,884 Less: non-cash and amounts with maturity greater than three months (185,535) (188,591) (170,346) 111 5,135 7,538 Other – 14 16 64,509 33,078 30,402 3 Financial statements Barclays PLC Annual Report 2008 303
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Financial statements Presentation o
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Independent Auditors’ report Inde
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Consolidated accounts Barclays PLC
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) financial assets, loans to custom
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11. Collateral and netting The Grou
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17. Issued debt and equity securiti
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24. Taxes, including deferred taxes
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The following IFRIC interpretations
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Consolidated balance sheet As at 31
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Consolidated cash flow statement Fo
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Statement of recognised income and
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4 Principal transactions 2008 2007
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9 Administration and general expens
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12 Trading portfolio 2008 2007 £m
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14 Derivative financial instruments
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16 Available for sale financial inv
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20 Investments in associates and jo
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22 Intangible assets 2008 Internall
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24 Financial liabilities designated
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26 Insurance assets and liabilities
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27 Subordinated liabilities (contin
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27 Subordinated liabilities (contin
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29 Securitisations The Group was pa
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30 Retirement benefit obligations (
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31 Ordinary shares, share premium,
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32 Reserves (continued) Retained ea
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34 Contingent liabilities and commi
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37 Leasing The Group is both lessor
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39 Acquisitions The Group made the
Page 63 and 64: 39 Acquisitions (continued) (c) Exp
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Page 67 and 68: 43 Related party transactions and D
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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 and 106: 52 Capital Management (continued) R
Page 107 and 108: 53 Segmental reporting (continued)
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Page 111 and 112: Barclays Bank PLC data Consolidated
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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
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Barclays plc - Annual Report 2008 - Financial statements - The Group

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