Barclays 2003 Annual Report Download - page 141
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19 Interests in associated undertakings and joint ventures (continued)
Included within Barclays share of associates assets is goodwill as follows:
2003 2002
Goodwill £m £m
Cost
At beginning of year 131 –
Additions/disposals (3) 131
At end of year 128 131
Accumulated amortisation
At beginning of year 1–
Amortisation charge for year 71
At end of year 81
Net book value 120 130
The table below provides summarised financial information of associated undertakings and joint ventures in which the Group has an interest (the
entities’ entire financial position and results of operations are presented, not Barclays share).
2003
FirstCaribbean
International Other Joint
Bank associates ventures Total
£m £m £m £m
Fixed assets 80 405 382 867
Debt and equity securities 462 78 – 540
Loans to banks and customers 3,804 144 198 4,146
Other assets 267 182 60 509
Total assets 4,613 809 640 6,062
Deposits from banks and customers 4,093 247 287 4,627
Other liabilities 97 272 227 596
Shareholders’ funds 423 290 126 839
Total liabilities 4,613 809 640 6,062
(Loss)/profit before tax 50 38 (8) 80
Taxation (5) (11) 7 (9)
(Loss)/profit after tax 45 27 (1) 71
The amounts included above are based on accounts made up to 31st December 2003 with the exception of FirstCaribbean International Bank and
certain undertakings included within the other associates category for which the amounts are based on accounts made up to dates not earlier than
three months before the balance sheet date.
20 Intangible fixed assets
2003 2002
Goodwill £m £m
At beginning of year 4,502 4,416
Additions 750 113
Disposals (1) –
Exchange and other adjustments (19) (27)
At end of year 5,232 4,502
Accumulated amortisation
At beginning of year 568 325
Disposals ––
Amortisation charge for year 265 254
Exchange and other adjustments (7) (11)
At end of year 826 568
Net book value 4,406 3,934
Goodwill is amortised to the profit and loss account over its useful economic life, generally estimated to be between 5 and 20 years.
Barclays PLC Annual Report 2003 139