Barclays 2014 Annual Report Download - page 231

barclays.com/annualreport Barclays PLC Annual Report 2014 I 229
Segmental analysis (audited)
Analysis of adjusted results by business
Personal and
Corporate
Banking
£m
Barclaycard
£m
Africa
Banking
£m
Investment
Bankb
£m
Head Office
£m
Barclays
Core
£m
Barclays
Non-Core
£m
Group
adjusted
results
£m
For the year ended 31 December 2014
Total income net of insurance claims 8,828 4,356 3,664 7,588 242 24,678 1,050 25,728
Credit impairment charges and
other provisions (482) (1,183) (349) 14 – (2,000) (168) (2,168)
Net operating income 8,346 3,173 3,315 7,602 242 22,678 882 23,560
Operating expenses (5,005) (1,727) (2,246) (5,633) (123) (14,734) (1,708) (16,442)
UK bank levy (70) (29) (45) (218) (9) (371) (91) (462)
Costs to achieve Transform (400) (118) (51) (374) (10) (953) (212) (1,165)
Other income/(losses)a14 40 11 – (3) 62 (51) 11
Profit/(loss) before tax from
continuing operations 2,885 1,339 984 1,377 97 6,682 (1,180) 5,502
Total assets (£bn) 285.0 41.3 55.5 455.7 49.1 886.5 471.5 1,357.9
For the year ended 31 December 2013
Total income net of insurance claims 8,723 4,103 4,039 8,596 142 25,603 2,293 27,896
Credit impairment charges and
other provisions (621) (1,096) (479) 22 3 (2,171) (900) (3,071)
Net operating income 8,102 3,007 3,560 8,618 145 23,432 1,393 24,825
Operating expenses (5,460) (1,786) (2,451) (6,172) (113) (15,982) (2,198) (18,180)
UK bank levy (66) (22) (42) (236) (29) (395) (109) (504)
Costs to achieve Transform (384) (49) (26) (190) (22) (671) (538) (1,209)
Other income/(losses)a41 33 8 – 4 86 (110) (24)
Profit/(loss) before tax from
continuing operations 2,233 1,183 1,049 2,020 (15) 6,470 (1,562) 4,908
Total assets (£bn) 278.5 34.4 54.9 438.0 26.6 832.4 511.2 1,343.6
For the year ended 31 December 2012
Total income net of insurance claims 8,579 3,816 4,314 9,104 341 26,154 3,207 29,361
Credit impairment charges and
other provisions (626) (1,000) (695) (50) (7) (2,378) (962) (3,340)
Net operating income 7,953 2,816 3,619 9,054 334 23,776 2,245 26,021
Operating expenses (5,456) (1,669) (2,584) (6,361) (139) (16,209) (2,008) (18,217)
UK bank levy (49) (15) (34) (139) (26) (263) (82) (345)
Other incomea7 29 18 – 21 75 65 140
Profit before tax from continuing operations 2,455 1,161 1,019 2,554 190 7,379 220 7,599
Total assets (£bn) 215.7 32.9 64.9 398.5 148.4 860.3 651.8 1,512.4
Analysis of results by business
All disclosures in this section are unaudited unless otherwise stated.
Notes
a Other income/(losses) represents the share of post-tax results of associates and joint ventures, profit (or loss) on disposal of subsidiaries, associates and joint ventures, and gains
on acquisitions.
b 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. December 2013 and December 2012 US Lehman acquisition assets and RWAs of £1.6bn and £1.9bn respectively have
been restated for the reclassification of these assets from the Investment Bank to Head Office to more accurately reflect responsibility for the resolution of this matter.
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