Financial data

Consolidated income statement summary

For the year ended 31st December

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2007  2006  2005  2004 
£m  £m  £m  £m a  
Net interest income  9,610  9,143  8,075  6,833 
Net fee and commission income  7,708  7,177  5,705  4,847 
Principal transactions  4,975  4,576  3,179  2,514 
Net premiums from insurance contracts  1,011  1,060  872  1,042 
Other income  188  214  147  131 
Total income  23,492  22,170  17,978  15,367 
Net claims and benefits incurred on insurance contracts  (492) (575) (645) (1,259)
Total income net of insurance claims  23,000  21,595  17,333  14,108 
Impairment charges and other credit provisions  (2,795) (2,154) (1,571) (1,093)
Net income  20,205  19,441  15,762  13,015 
Operating expenses  (13,199) (12,674) (10,527) (8,536)
Share of post-tax results of associates and joint ventures  42  46  45  56 
Profit before business disposals  7,048  6,813  5,280  4,535 
Profit on disposal of subsidiaries, associates and joint ventures  28  323  –  45 
Profit before tax  7,076  7,136  5,280  4,580 
Tax  (1,981) (1,941) (1,439) (1,279)
Profit after tax  5,095  5,195  3,841  3,301 
Profit attributable to minority interests  678  624  394  47 
Profit attributable to equity holders of the parent  4,417  4,571  3,447  3,254 
5,095  5,195  3,841  3,301 
Selected financial statistics 
Basic earnings per share  68.9p  71.9p  54.4p  51.0p 
Diluted earnings per share  66.7p  69.8p  52.6p  49.8p 
Dividends per ordinary share  34.0p  31.0p  26.6p  24.0p 
Dividend payout ratio  49.3%  43.1%  48.9%  47.1% 
Profit attributable to the equity holders of the parent as a percentage of: 
average shareholders’ equity  20.3%  24.7%  21.1%  21.7% 
average total assets  0.3%  0.4%  0.4%  0.5% 
Cost:income ratio  57%  59%  61%  61% 
Cost:net income ratio  65%  65%  67%  66% 
Average United States Dollar exchange rate used in preparing the accounts  2.00  1.84  1.82  1.83 
Average Euro exchange rate used in preparing the accounts  1.46  1.47  1.46  1.47 
Average Rand exchange rate used in preparing the accounts  14.11  12.47  11.57  11.83 

The financial information above is extracted from the published accounts for the last three years. This information should be read together with, and is qualified by reference to, the accounts and notes included in this report.

Note
a
Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.

Consolidated profit and loss account summary – UK GAAP

For the year ended 31st December

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2003 
£m 
Net interest income  6,604 
Net fee and commision income  4,263 
Dealing profits  1,054 
Other operating income  490 
Operating income  12,411 
Operating expenses  (7,253)
Operating profit before provisions  5,158 
Provisions  (1,346)
Operating profit  3,812 
Profit from joint ventures and associates  29 
Exceptional items  4 
Profit on ordinary activities before tax  3,845 
Tax on profit on ordinary activities  (1,076)
Profit on ordinary activities after tax  2,769 
Minority interests (including non-equity interests) (25)
Profit for the financial year attributable to the members of Barclays PLC  2,744 

Selected financial statistics
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Basic earnings per share  42.3p 
Diluted earnings per share  42.1p 
Dividends per ordinary share  20.50p 
Dividend payout ratio  48.5% 
Attributable profit as a percentage of: 
average shareholders’ funds  17.0% 
average total assets  0.6% 
Average United States Dollar exchange rate used in preparing the accounts  1.64 
Average Euro exchange rate used in preparing the accounts  1.45 

The financial information shown here is extracted from the published UK GAAP accounts for 2003.

Consolidated balance sheet summary

As at 31st December

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2007  2006  2005  2004 
£m  £m  £m  £m a  
Assets 
Cash and other short-term funds  7,637  9,753  5,807  3,525 
Treasury bills and other eligible bills  n/a  n/a  n/a  6,658 
Trading portfolio and financial assets designated at fair value  341,171  292,464  251,820  n/a 
Derivative financial instruments  248,088  138,353  136,823  n/a 
Debt securities and equity shares  n/a  n/a  n/a  141,710 
Loans and advances to banks  40,120  30,926  31,105  80,632 
Loans and advances to customers  345,398  282,300  268,896  262,409 
Available for sale financial investments  43,072  51,703  53,497  n/a 
Reverse repurchase agreements and cash collateral on securities borrowed  183,075  174,090  160,398  n/a 
Other assets  18,800  17,198  16,011  43,247 
Total assets  1,227,361  996,787  924,357  538,181 
Liabilities 
Deposits and items in the course of collection due to banks  92,338  81,783  77,468  112,229 
Customer accounts  294,987  256,754  238,684  217,492 
Trading portfolio and financial liabilities designated at fair value  139,891  125,861  104,949  n/a 
Liabilities to customers under investment contracts  92,639  84,637  85,201  n/a 
Derivative financial instruments  248,288  140,697  137,971  n/a 
Debt securities in issue  120,228  111,137  103,328  83,842 
Repurchase agreements and cash collateral on securities lent  169,429  136,956  121,178  n/a 
Insurance contract liabilities, including unit-linked liabilities  3,903  3,878  3,767  8,377 
Subordinated liabilities  18,150  13,786  12,463  12,277 
Other liabilities  15,032  13,908  14,918  87,200 
Total liabilities  1,194,885  969,397  899,927  521,417 
Shareholders’ equity 
Shareholders’ equity excluding minority interests  23,291  19,799  17,426  15,870 
Minority interests  9,185  7,591  7,004  894 
Total shareholders’ equity  32,476  27,390  24,430  16,764 
Total liabilities and shareholders’ equity  1,227,361  996,787  924,357  538,181 
Risk weighted assets and capital ratios b  
Risk weighted assets  353,476  297,833  269,148  218,601 
Tier 1 ratio  7.8%  7.7%  7.0%  7.6% 
Risk asset ratio  12.1%  11.7%  11.3%  11.5% 
Selected financial statistics 
Net asset value per ordinary share  353p  303p  269p  246p 
Year-end United States Dollar exchange rate used in preparing the accounts  2.00  1.96  1.72  1.92 
Year-end Euro exchange rate used in preparing the accounts  1.36  1.49  1.46  1.41 
Year-end Rand exchange rate used in preparing the accounts  13.64  13.71  10.87  10.86 

The financial information above is extracted from the published accounts for the last three years. This information should be read together with, and is qualified by reference to, the accounts and Notes included in this report.

Notes
a
Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.
b
Risk weighted assets and capital ratios are calculated on a Basel I basis. Capital ratios for 2004 are based on UK GAAP and have not been restated as these remain as reported to the Financial Services Authority (FSA). As at 1st January 2005 the tier 1 ratio was 7.1% and the risk asset ratio was 11.8% reflecting the impact of IFRS including the adoption of IAS 32, IAS 39 and IFRS 4.

Consolidated balance sheet summary – UK GAAP

As at 31st December

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2003 
£m 
Assets 
Loans and advances to banks and customers  288,743 
Other assets  139,818