Barclays 2006 Annual Report Download - page 191

Barclays PLC
Annual Report 2006 187
Financial statements
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22 Investment in associates and joint ventures (continued)
The table below provides summarised financial information of the Group’s associates and joint ventures (the entities’ entire financial position and
results of operations are presented, not the Group’s share).
2006 2005
FirstCaribbean FirstCaribbean
International Other Joint International Other Joint
Bank associates ventures Bank associates ventures
£m £m £m £m £m £m
Property, plant and equipment – 599 142 86 454 119
Financial investments –42376 66 24
Trading portfolio assets –1 –389 – –
Loans to banks and customers – 1,378 797 4,379 1,575 393
Other assets – 541 199 267 226 16
Total assets – 2,523 1,140 5,497 2,321 552
Deposits from banks and customers – 1,421 769 4,519 1,527 369
Trading portfolio liabilities –1–115 – –
Other liabilities – 887 187 270 572 188
Shareholders’ equity – 214 184 593 222 (5)
Total liabilities – 2,523 1,140 5,497 2,321 552
Net income 274 264 178 234 213 176
Operating expenses (167) (167) (178) (148) (161) (213)
Profit/(loss) before tax 107 97 – 86 52 (37)
Profit/(loss) after tax 96 90 (2) 76 37 (26)
The amounts included above are based on accounts made up to 31st December 2006 with the exception of FirstCaribbean International Bank and
certain undertakings included within the Other associates category for which the amounts are based on accounts made up to dates not earlier than
three months before the balance sheet date.
Other associates in 2006 includes £1,525m (2005: £1,885m) of assets, £1,380m (2005: £1,741m) of liabilities and £25m (2005: £20m) of profit
after tax in associates within the Absa Group.
The Group’s share of commitments and contingencies incurred in relation to its joint ventures is £nil (2005: £1m) and its share of contingent
liabilities of an associate or joint venture for which it is contingently liable is £nil (2005: £252m).