Barclays 2014 Annual Report Download - page 226

224 I Barclays PLC Annual Report 2014 barclays.com/annualreport
Financial review
For the year ended 31 December 2014
£m
2013a
£m
2012
£m
2011
£m
2010
£m
Continuing operations
Net interest income 12,080 11,600 11,654 12,201 12,523
Non-interest income net of claims and benefits on insurance contracts 13,648 16,296 17,707 16,312 18,526
Adjusted total income net of insurance claims 25,728 27,896 29,361 28,513 31,049
Own credit gain/(charge) 34 (220) (4,579) 2,708 391
Gain on US Lehman acquisition assetsa461 259 – – –
ESHLA valuation revision (935) – – – –
Gain/(loss) on disposal of BlackRock, Inc. investment – – 227 (58) –
Gains on debt buy-backs – – – 1,130 –
Statutory total income net of insurance claims 25,288 27,935 25,009 32,292 31,440
Adjusted credit impairment charges and other provisions (2,168) (3,071) (3,340) (3,802) (5,672)
Impairment of BlackRock, Inc. investment – – – (1,800) –
Statutory credit impairment charges and other provisions (2,168) (3,071) (3,340) (5,602) (5,672)
Adjusted operating expenses (18,069) (19,893) (18,562) (19,289) (19,794)
Provisions for PPI and interest rate hedging redress (1,110) (2,000) (2,450) (1,000) –
Provision for ongoing investigations and litigation relating to Foreign Exchange (1,250) – – – –
Goodwill impairment – (79) – (597) (243)
Statutory operating expenses (20,429) (21,972) (21,012) (20,886) (20,037)
Adjusted other net income/(expense) 11 (24) 140 60 58
Loss on announced sale of the Spanish business (446) – – – –
(Losses)/gains on acquisitions and disposals – – – (94) 210
Statutory other net (expense)/income (435) (24) 140 (34) 268
Statutory profit before tax 2,256 2,868 797 5,770 5,999
Statutory taxation (1,411) (1,571) (616) (1,902) (1,500)
Statutory profit after tax 845 1,297 181 3,868 4,499
Statutory profit/(loss) attributable to equity holders of the parent (174) 540 (624) 2,924 3,514
Statutory profit attributable to non-controlling interests 769 757 805 944 985
Statutory profit attributable to other equity interests 250 – – – –
845 1,297 181 3,868 4,499
Selected statutory financial statistics
Basic earnings/(loss) per share (0.7p) 3.8p (4.8p) 22.9p 28.1p
Diluted earnings/(loss) per share (0.7p) 3.7p (4.8p) 21.9p 26.5p
Dividends per ordinary share 6.5p 6.5p 6.5p 6.0p 5.5p
Return on average tangible shareholders’ equity (0.3%) 1.2% (1.4%) 7.1% 9.0%
Return on average shareholders’ equity (0.2%) 1.0% (1.2%) 5.9% 7.4%
Adjusted profit before tax 5,502 4,908 7,599 5,482 5,641
Adjusted taxation (1,704) (1,963) (2,159) (1,299) (1,370)
Adjusted profit after tax 3,798 2,945 5,440 4,183 4,271
Adjusted profit attributable to equity holders of the parent 2,779 2,188 4,635 3,239 3,286
Adjusted profit attributable to non-controlling interests 769 757 805 944 985
Adjusted profit attributable to other equity interests 250 – – – –
3,798 2,945 5,440 4,183 4,271
Selected adjusted financial statistics
Basic earnings per share 17.3p 15.3p 35.5p 25.3p 26.3p
Dividend payout ratio 38% 42% 18% 24% 21%
Return on average tangible shareholders’ equity 5.9% 4.8% 10.6% 8.1% 8.5%
Return on average shareholders’ equity 5.1% 4.1% 9.0% 6.7% 6.9%
The financial information above is extracted from the published accounts. This information should be read together with the information included
in the accompanying consolidated financial statements.
Consolidated summary income statement
Note
a 2013 adjusted income and profit before tax have been restated to exclude the Q213 £259m gain relating to assets not yet received from the US Lehman acquisition to aid
comparability given its material nature in the current year.