Barclays 2003 Annual Report Download - page 122
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120
Consolidated Accounts Barclays PLC
Consolidated Profit and Loss Account
Consolidated profit and loss account
For the year ended 31st December 2003
2003 2002 2001
Note £m £m £m
Interest receivable:
Interest receivable and similar income arising from debt securities 2,384 2,030 2,383
Other interest receivable and similar income 10,043 10,014 11,075
12,427 12,044 13,458
Interest payable (5,823) (5,839) (7,492)
Net interest income 6,604 6,205 5,966
Fees and commissions receivable 4,896 4,454 4,202
Less: fees and commissions payable (633) (529) (465)
Dealing profits 1 1,054 833 1,011
Other operating income 2 490 364 428
Operating income 12,411 11,327 11,142
Administrative expenses – staff costs 3 (4,295) (3,755) (3,714)
Administrative expenses – other 5 (2,404) (2,312) (2,303)
Depreciation 6 (289) (303) (308)
Goodwill amortisation 6 (265) (254) (229)
Operating expenses (7,253) (6,624) (6,554)
Operating profit before provisions 5,158 4,703 4,588
Provisions for bad and doubtful debts 16 (1,347) (1,484) (1,149)
Provisions for contingent liabilities and commitments 7 1(1) (1)
Provisions (1,346) (1,485) (1,150)
Operating profit 3,812 3,218 3,438
Profit/(loss) from joint ventures 1(5) (1)
Profit/(loss) from associated undertakings 28 (5) (8)
Profit/(loss) on disposal/termination of Group undertakings 8 4(3) (4)
Profit on ordinary activities before tax 3,845 3,205 3,425
Tax on profit on ordinary activities 9 (1,076) (955) (943)
Profit on ordinary activities after tax 2,769 2,250 2,482
Minority interests – equity 10 (25) (20) (31)
Minority interests – non-equity 10 –– (5)
Profit for the financial year attributable to the members of Barclays PLC 2,744 2,230 2,446
Dividends 11 (1,340) (1,206) (1,110)
Profit retained for the financial year 1,404 1,024 1,336
Basic earnings per 25p ordinary share 12 42.3p 33.7p 36.8p
Diluted earnings per 25p ordinary share 12 42.1p 33.4p 36.4p
All results arise from continuing operations. For each of the years reported above, there was no material difference between profit before tax and
profit retained and profit on an historical cost basis.
The Board of Directors approved the accounts set out on pages 114 to 203 on 11th February 2004.