Consolidated accounts Barclays PLC

Consolidated income statement

For the year ended 31st December

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2007  2006  2005 
Notes  £m  £m  £m 
Continuing operations 
Interest income    25,308  21,805  17,232 
Interest expense    (15,698) (12,662) (9,157)
Net interest income  9,610  9,143  8,075 
Fee and commission income    8,678  8,005  6,430 
Fee and commission expense    (970) (828) (725)
Net fee and commission income  7,708  7,177  5,705 
Net trading income    3,759  3,614  2,321 
Net investment income    1,216  962  858 
Principal transactions  4,975  4,576  3,179 
Net premiums from insurance contracts    1,011  1,060  872 
Other income    188  214  147 
Total income  23,492  22,170  17,978 
Net claims and benefits incurred on insurance contracts    (492) (575) (645)
Total income net of insurance claims  23,000  21,595  17,333 
Impairment charges and other credit provisions    (2,795) (2,154) (1,571)
Net income  20,205  19,441  15,762 
Staff costs    (8,405) (8,169) (6,318)
Administration and general expenses    (4,141) (3,914) (3,768)
Depreciation of property, plant and equipment    (467) (455) (362)
Amortisation of intangible assets    (186) (136) (79)
Operating expenses  (13,199) (12,674) (10,527)
Share of post-tax results of associates and joint ventures    42  46  45 
Profit on disposal of subsidiaries, associates and joint ventures  28  323  – 
Profit before tax  7,076  7,136  5,280 
Tax    (1,981) (1,941) (1,439)
Profit after tax  5,095  5,195  3,841 
Profit attributable to minority interests    678  624  394 
Profit attributable to equity holders of the parent  4,417  4,571  3,447 
5,095  5,195  3,841 
p  p  p 
Earnings per share 
Basic earnings per share    68.9  71.9  54.4 
Diluted earnings per share    66.7  69.8  52.6 
Interim dividend per ordinary share  11.50  10.50  9.20 
Proposed final dividend per ordinary share    22.50  20.50  17.40 
£m  £m  £m 
Interim dividend paid  768  666  582 
Proposed final dividend    1,485  1,307  1,105 

The Board of Directors approved the accounts set out on pages 165 to 265 on 7th March 2008.

The accompanying notes form an integral part of the Consolidated accounts.