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

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Barclays Bank PLC data Notes to the accounts n Minority interests 2008 2007 £m £m At beginning of year 1,949 1,685 Share of profit after tax 403 377 Dividend and other payments (134) (131) Equity issued by subsidiaries 4 137 Available for sale reserve: net (loss)/gain from changes in fair value (1) 1 Cash flow hedges: net gain/(loss) from changes in fair value 76 (16) Currency translation differences 59 16 Additions – 27 Disposals (11) (111) Other 27 (36) At end of year 2,372 1,949 o Dividends 2008 2007 £m £m On ordinary shares Final dividend 1,030 791 Interim dividends 130 2,496 Dividends 1,160 3,287 These dividends are paid to enable Barclays PLC to fund its dividends to its shareholders and in 2007, to fund the repurchase by Barclays PLC of ordinary share capital. Dividends paid on preference shares amounted to £390m (2007: £193m). Dividends paid on other equity instruments as detailed in Notemamounted to £112m (2007: £152m). p Financial risks The only significant financial instruments that are held by Barclays Bank PLC and not Barclays PLC are investments in Barclays PLC ordinary shares, dealt with as trading portfolio equity assets, debt securities and available for sale financial investments as appropriate. There consequently are no significant differences in exposures to market risk, credit risk, liquidity risk and the fair value of financial instruments between Barclays PLC and Barclays Bank PLC, and no differences in the manner in which these financial risks are managed. Therefore the disclosures regarding financial risks appearing in Notes 46 to 49 are in all material respects the same for Barclays Bank PLC and Barclays PLC. q Capital The Barclays Bank PLC Group’s policies and objectives for managing capital are the same as those for the Barclays PLC Group, disclosed in Note 52. The table below provides details of the Barclays Bank PLC Group at 31st December 2008 and 2007. 2008 2007 Basel II Basel I £m £m Total qualifying Tier 1 capital 37,101 26,534 Total qualifying Tier 2 capital 22,356 17,123 Total deductions (964) (1,889) Total net capital resources 58,493 41,768 r Segmental reporting Segmental reporting by Barclays Bank PLC is the same as that presented in Note 53 to the Barclays PLC financial statements, except for: – the difference in profit before tax of £42m (2007: £31m) between Barclays PLC and Barclays Bank PLC is included in Head office functions and other operations. – the difference in total assets of £49m (2007: £222m) is represented by holdings of Barclays PLC shares held by the businesses. 312 Barclays PLC Annual Report 2008 | Find out more at www.barclays.com/annualreport08
Barclays Bank PLC data Financial Data Selected financial statistics IFRS 2008 2007 2006 2005 2004 a % % % % % Attributable profit as a percentage of: – average total assets 0.3 0.4 0.4 0.4 0.5 – average shareholders’ equity 13.8 16.3 20.2 17.4 21.3 Average shareholders’ equity as a percentage of average total assets 2.0 2.2 2.2 2.2 2.4 Selected income statement data £m £m £m £m £m Interest income 28,010 25,308 21,805 17,232 13,880 Interest expense (16,595) (15,707) (12,662) (9,157) (7,047) Non-interest income 11,891 13,922 13,088 9,934 8,543 Operating expenses (14,362) (13,199) (12,674) (10,527) (8,536) Impairment charges (5,419) (2,795) (2,154) (1,571) (1,093) Share of post-tax results of associates and joint ventures 14 42 46 45 56 Profit on disposal of subsidiaries, associates and joint ventures 327 28 323 – 45 Gains on acquisitions 2,406 – – – – Profit before tax 6,035 7,107 7,197 5,311 4,589 Attributable profit 4,846 4,749 4,914 3,695 3,263 Selected balance sheet data £m £m £m £m £m Total shareholders’ equity 43,574 31,821 27,106 24,243 16,849 Subordinated liabilities 29,842 18,150 13,786 12,463 12,277 Deposits from banks, customer accounts and debt securities in issue 603,869 506,623 447,453 417,139 412,358 Loans and advances to banks and customers 509,522 385,518 313,226 300,001 343,041 Total assets 2,053,029 1,227,583 996,503 924,170 538,300 3 Financial statements Note a Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005. Barclays PLC Annual Report 2008 313
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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
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39 Acquisitions (continued) (c) Exp
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42 Other entities There are a numbe
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43 Related party transactions and D
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43 Related party transactions and D
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45 Share-based payments (continued)
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Page 79 and 80: 47 Credit risk (continued) Credit r
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Page 83 and 84: 47 Credit risk (continued) All loan
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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
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Page 107 and 108: 53 Segmental reporting (continued)
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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: l Reserves Other reserves Available
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Barclays plc - Annual Report 2008 - Financial statements - The Group

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