Barclays 2003 Annual Report Download - page 187
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Barclays PLC Annual Report 2003 185
61 Differences between UK GAAP and US GAAP accounting principles (continued)
2003 2002 2001
Note £m £m £m
Attributable profit of Barclays PLC Group (UK GAAP) 2,744 2,230 2,446
Goodwill (a) 272 237 5
Intangible assets (b) (175) (64) (64)
Pensions (c) (147) (195) (203)
Post-retirement benefits (c) 27 (18) (17)
Leasing – lessor 21 (7) 9
Leasing – lessee –(10) (3)
Deferred tax (d) –(32) 30
Compensation arrangements (e) (74) (82) (81)
Shareholders’ interest in the long-term assurance fund (f) (6) 109 87
Provisions for restructuring of business (l) (16) (22) 23
Disposal of investments –– (3)
Extinguishment of liabilities (135) (159) –
Revaluation of property 751
Business combinations (k) (4) 206 –
Internal use software (m) (14) (207) 70
Derivatives (o) (1,102) 553 278
Fair value of securities (h) 374 (276) (39)
Foreign exchange on available for sale securities (n) (443) 152 210
Loan origination (114) 31 43
Fair value amortisation credit (r) 888
Consolidation (p) ––72
Securitisations (q) 130 ––
Guarantees (u) (8) ––
Tax effect on the above UK/US GAAP reconciling items 395 17 (177)
Net income (US GAAP) 1,740 2,476 2,695
Barclays PLC Group ppp
Basic earnings per 25p ordinary share (g) 26.8 37.4 40.5
Diluted earnings per 25p ordinary share (g) 26.5 37.2 40.1
2003 2002
£m £m
Equity shareholders’ funds (UK GAAP) 16,473 15,205
Prior year adjustment (UK GAAP) (x) (4)
16,473 15,201
Goodwill (a) 570 298
Intangible assets (b) (315) (140)
Pensions (c) (1,013) (848)
Post-retirement benefits (c) (23) (50)
Leasing – lessor (145) (166)
Compensation arrangements (e) (1) –
Shareholders’ interest in the long-term assurance fund (f) (555) (549)
Provisions for restructuring of business (l) –16
Extinguishment of liabilities (294) (159)
Revaluation of property (i) (224) (241)
Internal use software (m) 67 81
Derivatives (o) 341 1,273
Fair value of securities (h) 876 515
Dividend payable 883 787
Own shares (99) (55)
Loan origination (23) 91
Fair value amortisation credit (r) 25 17
Securitisations (q) 130 –
Guarantees (u) (8) –
Tax effect on the above UK/US GAAP reconciling items 165 (56)
Shareholders’ equity (US GAAP) 16,830 16,015
Selected financial data, adjusted from UK GAAP to reflect the main differences from US GAAP, is given on page 217.