Barclays 2009 Annual Report Download - page 324

322 Barclays PLC Annual Report 2009 www.barclays.com/annualreport09
Barclays Bank PLC data
Notes to the accounts
continued
j Reserves
Other reserves Available Cash flow
for sale hedging Translation
reserve reserve reserve Total
£m £m £m £m
At 1st January 2009 (1,249) 132 2,840 1,723
Net gains from changes in fair value 1,506 287 – 1,793
Net gains transferred to net profit (642) (92) – (734)
Currency translation differences – – (1,223) (1,223)
Net losses transferred to net profit due to impairment 670 – – 670
Changes in insurance liabilities (67) – – (67)
Net gains transferred to net profit due to fair value hedging (123) – – (123)
Tax (179) (75) (2) (256)
At 31st December 2009 (84) 252 1,615 1,783
Retained earnings Retained
earnings
£m
At 1st January 2009 22,457
Profit attributable to equity holders 9,993
Equity-settled share schemes 298
Tax on equity-settled shares schemes 156
Other taxes 32
Vesting of Barclays PLC shares under share-based payment schemes (80)
Dividends paid (103)
Dividends on preference shares and other shareholders’ equity (599)
Capital injection from Barclays PLC 4,850
Other movements 85
At 31st December 2009 37,089
At 1st January 2008 14,222
Profit attributable to equity holders 4,846
Equity-settled share schemes 463
Tax on equity-settled shares schemes (4)
Other taxes (52)
Vesting of Barclays PLC shares under share-based payment schemes (437)
Dividends paid (1,160)
Dividends on preference shares and other shareholders’ equity (502)
Capital injection from Barclays PLC 5,137
Other movements (56)
At 31st December 2008 22,457
Transfers from the cash flow hedging reserve to the income statement were: interest income £22m loss (2008: £4m loss), interest expense £272m gain
(2008: £74m loss), net trading income £165m loss (2008: £119m gain) and administration and general expenses of £7m gain (2008: £60m loss).
k Other shareholders’ equity
2009 2008
£m £m
At 1st January 2,564 2,687
Appropriations –23
Tax credits 47 44
Other movements (52) (190)
At 31st December 2,559 2,564
Included in other shareholders’ equity are:
Issuances of reserve capital instruments which bear a fixed rate of interest ranging between 7.375%-8.55% until 2010 or 2011. After these dates, in the
event that the reserve capital instruments are not redeemed, they will bear interest at rates fixed periodically in advance, based on London or European
interbank rates. These instruments are repayable, at the option of the Bank, in whole on any coupon payment date falling in or after June or December 2010
or 2011. The Bank may elect to defer any payment of interest on the reserve capital instruments for any period of time. Whilst such deferral is continuing,
neither the Bank nor Barclays PLC may declare or pay a dividend, subject to certain exceptions, on any of its ordinary shares or preference shares.
Issuance of capital notes which bear interest at rates fixed periodically in advance, based on London interbank rates. These notes are repayable in each case,
at the option of the Bank, in whole on any interest payment date. The Bank is not obliged to make a payment of interest on its capital notes if, in the preceding
six months, a dividend has not been declared or paid on any class of shares of Barclays PLC.