Summary Financial Statement


Summary consolidated income statement


For the year ended 31st December 2007
£m 		2006
£m
Net interest income 9,610 9,143
Net fee and commission income 7,708 7,177
Other income a 6,174 5,850
Total income 23,492 22,170
Net claims and benefits incurred on insurance contracts (492) (575)
Total income net of insurance claims 23,000 21,595
Impairment charges (2,795) (2,154)
Net income 20,205 19,441
Operating expenses (13,199) 19,441
Share of post-tax results of associates and joint ventures 42 46
Profit on disposal of subsidiaries, associates and joint ventures 28 323
Profit before tax 7,076 7,136
Tax (1,981) (1,941)
Profit after tax 5,095 5,195
Profit attributable to minority interests 678 624
Profit attributable to equity holders of the parent 4,417 4,571
  5,095 5,195
Dividends    
Interim dividend paid 11.50p (2006: 10.50p) £768m £666m
Final dividend proposed b 22.50p (2006: 20.50p) £1,485m £1,307m
Earnings per share    
Basic earnings per share c 68.9p 71.9p
Diluted earnings per share d 66.7p 69.8p

The summary consolidated income statement and the summary consolidated balance sheet were approved
by the Board of Directors on 7th March 2008 and signed on its behalf by the Group Chairman.

Notes
a
Other income
Includes net trading income, net investment income and net premiums from insurance contracts.
b
Dividends
The financial statements for the year ended 31st December 2007 do not reflect these dividends, which will be accounted for in shareholders’ equity as an appropriation of retained profits for the year ending 31st December 2008. The financial statements to 31st December 2007 include the 2006 final dividend of £1,307m.
a
Basic earnings per share
The calculation of basic earnings per share is based on the profit attributable to equity holders of the parent and the number of basic weighted average number of shares excluding own shares held in employee benefits trusts and shares held for trading.
a
Diluted earnings per share
When calculating the diluted earnings per share, the profit attributable to equity holders of the parent is adjusted for the conversion of outstanding options into shares within Absa Group Limited and Barclays Global Investors UK Holdings Limited. The weighted average number of ordinary shares excluding own shares held in employee benefit trusts and shares held for trading, is adjusted for the effects of all dilutive potential ordinary shares, totalling 177 million (2006: 150 million, 2005: 149 million).

Summary consolidated balance sheet


As at 31st December 2007
£m 		2006
£m
Assets    
Cash and other short-term funds 7,637 9,753
Trading and financial assets designated at fair value 341,171 292,464
Derivative financial instruments 248,088 138,353
Loans and advances to banks 40,120 30,926
Loans and advances to customers 345,398 282,300
Available for sale financial investments 43,072 51,703
Reverse repurchase agreements and cash collateral on    
securities borrowed 183,075 174,090
Property, plant and equipment 2,996 2,492
Other assets 15,804 14,706
Total assets 1,227,361 996,787
Liabilities    
Deposits and items in the course of collection due to banks 92,338 81,783
Customer accounts 294,987 256,754
Trading and financial liabilities designated at fair value 139,891 125,861
Liabilities to customers under investment contracts 92,639 84,637
Derivative financial instruments 248,288 140,697
Debt securities in issue 120,228 111,137
Repurchase agreements and cash collateral on securities lent 169,429 136,956
Insurance contract liabilities, including unit-linked liabilities 3,903 3,878
Subordinated liabilities 18,150 13,786
Other liabilities 15,032 13,908
Total liabilities 1,194,885 969,397
Shareholders’ equity a    
Shareholders’ equity excluding minority interests 23,291 19,799
Minority interests b 9,185 7,591
Total shareholders’ equity 32,476 27,390
Total liabilities and shareholders’ equity 1,227,361 996,787
Notes
a
Shareholders’ equity
The residual interest of shareholders in the reported amounts of the assets of the business after deduction of the claims represented by liabilities.
b
Minority interests
The interests of others in certain subsidiaries of the Group, for example Absa Group Limited. dividend of £1,307m.