Barclays 2006 Annual Report Download - page 42

Financial review
Analysis of results by business
Barclays PLC
Annual Report 2006
38
Barclays Wealth serves affluent, high net worth and intermediary clients worldwide, providing private banking, asset management, stockbroking,
offshore banking, wealth structuring and financial planning services.
Barclays Wealth works closely with all other parts of the Group to leverage synergies from client relationships and product capabilities.
2006 2005 2004(a)
£m £m £m
Net interest income 366 329 301
Net fee and commission income 665 589 529
Net trading income –––
Net investment income –5 –
Principal transactions –5 –
Other income 5(1) 7
Total income 1,036 922 837
Impairment (charges)/releases (2) (2) 1
Net income 1,034 920 838
Operating expenses excluding amortisation of intangible assets (817) (752) (729)
Amortisation of intangible assets (4) (2) (1)
Operating expenses (821) (754) (730)
Profit before tax 213 166 108
Cost:income ratio 79% 82% 87%
Cost:net income ratio 79% 82% 87%
Risk Tendency £10m £5m £5m
Return on average economic capital 48% 38% 31%
Average net income per member of staff (’000) £138 £128 £119
Economic profit £144m £109m £70m
2006 2005 2004
Loans and advances to customers £5.7bn £4.7bn £4.1bn
Customer accounts £25.2bn £23.1bn £21.3bn
Total assets £7.3bn £6.1bn £5.6bn
Risk weighted assets £5.7bn £4.1bn £4.0bn
Key Facts
Total client assets £93.0bn £78.3bn £70.8bn
£1,036m 3%
Income Contribution to Group profitProfit before tax
£213m
Barclays Wealth
Note
(a) Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.