Barclays 2011 Annual Report Download - page 268

Notes to the financial statements
For the year ended 31 December 2011 continued
Scope of consolidation
This section presents information on the Group’s investments in subsidiaries, joint ventures and
associates. Detail is also given on securitisation transactions the Group has entered into and
arrangements that are held off-balance sheet.
40 Investment in subsidiaries
Accounting for investment in subsidiaries
In the individual financial statements of Barclays PLC, investments in subsidiaries are stated at cost less impairment, if any. Cost includes directly
attributable costs of the investment.
Principal subsidiaries for the Group are set out below. This list has been revised to include those subsidiaries that are significant in the context of the
Group’s business, results or financial position.
Country of
registration or
incorporation Company name Nature of business
Percentage of
equity capital
held (%)
England Barclays Bank PLC Banking, holding company 100
England Barclays Bank Trust Company Limited Banking, securities industries and trust services 100
England Barclays Stockbrokers Limited Stockbroking 100
England Barclays Capital Securities Limited Securities dealing 100
England FIRSTPLUS Financial Group PLC Secured loan provider 100*
Isle of Man Barclays Private Clients International Limited Banking 100*
Japan Barclays Capital Japan Limited Securities dealing 100
Kenya Barclays Bank of Kenya Limited Banking 68.5*
South Africa Absa Group Limited Banking 55.5*
Spain Barclays Bank SA Banking 100*
USA Barclays Capital Inc. Securities dealing 100
USA Barclays Bank Delaware US credit card issuer 100
USA Barclays Group US Inc. Holding company 100*
The country of registration or incorporation is also the principal area of operation of each of the above subsidiaries. Investments in subsidiaries held
directly by Barclays Bank PLC are marked*. Full information of all subsidiaries will be included in the Annual Return to be filed at UK Companies House.
Although the Group’s interest in the equity voting rights in certain entities listed below may exceed 50%, or it may have the power to appoint a majority
of their Boards of Directors, they are excluded from consolidation because the Group either does not direct the financial and operating policies of these
entities, or another entity has a controlling interest in them. Consequently, these entities are not controlled by Barclays:
Country of
registration or
incorporation Company name
Percentage of
ordinary share
capital held
%
Equity
shareholders’
funds
£m
Retained profit
for the year
£m
UK Fitzroy Finance Limited 100 – –
Cayman Islands Palomino Limited 100 1 –
266 Barclays PLC Annual Report 2011 www.barclays.com/annualreport