Barclays 2003 Annual Report Download - page 128
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Consolidated Accounts Barclays PLC
Parent Company Accounts
Parent company accounts
2003 2002 2001
restated restated
Profit and loss account and changes in reserves for the year ended 31st December £m £m £m
Interest income 465
Operating expenses:
Management charge from subsidiary undertaking (4) (6) (5)
Operating profit –––
Dividends from subsidiary undertaking 1,580 1,798 1,317
Profit on ordinary activities before tax 1,580 1,798 1,317
Tax on profit on ordinary activities –––
Profit on ordinary activities after tax 1,580 1,798 1,317
Dividends (1,340) (1,206) (1,110)
Profit retained by Barclays PLC 240 592 207
Profit retained by subsidiary undertakings 1,148 443 1,143
Profit/(loss) retained by associated undertakings and joint ventures 16 (11) (14)
Profit retained for the financial year 1,404 1,024 1,336
Premium arising on shares issued 140 128 199
Reduction in reserves arising from repurchase of shares (192) (516) (96)
Shares issued to the QUEST in relation to share option schemes for staff (36) (46) (105)
Other movements in investment in Barclays Bank PLC (41) 149 (38)
Profit and loss account and other reserves brought forward 13,556 12,817 11,521
Profit and loss account and other reserves carried forward 14,831 13,556 12,817
2003 2002
restated
Balance sheet as at 31st December Note £m £m
Fixed assets
Investment in Barclays Bank PLC 38 16,473 15,201
Current assets
Amounts falling due within one year:
Due from subsidiary undertaking 879 788
879 788
Current liabilities
Amounts falling due within one year – dividend (879) (788)
Net current assets – –
Assets less current liabilities 16,473 15,201
Capital and reserves
Called up share capital 35 1,642 1,645
Share premium account 5,417 5,277
Capital redemption reserve 274 262
Revaluation reserve 8,259 7,136
Profit and loss account 881 881
Shareholders’ funds – equity 37 16,473 15,201
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.
Sir Peter Middleton GCB Chairman
Matthew Barrett Group Chief Executive
Naguib Kheraj Group Finance Director
126