Barclays 2003 Annual Report Download - page 210

Barclays Bank PLC Data
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 (a) (4,295) (3,757) (3,716)
Administrative expenses – other 5 (2,404) (2,312) (2,303)
Depreciation 6 (289) (303) (308)
Goodwill amortisation (265) (254) (229)
Operating expenses (7,253) (6,626) (6,556)
Operating profit before provisions 5,158 4,701 4,586
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 3,216 3,436
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 3,203 3,423
Tax on profit on ordinary activities 9 (1,076) (955) (943)
Profit on ordinary activities after tax 2,769 2,248 2,480
Minority interests – equity 10 (25) (20) (31)
Profit for the financial year attributable
to the members of Barclays Bank PLC 2,744 2,228 2,449
Dividends payable to Barclays PLC (c) (1,580) (1,798) (1,317)
Dividends payable to preference shareholders (c) –– (5)
Profit retained for the financial year 1,164 430 1,127
The Note numbers refer to the Notes on pages 127 to 204, whereas the Note letters refer to those on pages 214 to 215.
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 consolidated profit and loss account of Barclays Bank PLC for the year ended 31st December 2003, contains a charge of £nil (2002: £2m,
2001: £2m) within staff costs that is debited directly to reserves in the consolidated accounts of Barclays PLC. The amounts in respect of
administration expenses – staff costs, other staff costs, and all related profit and loss items, including profit retained for the financial year on pages 82
to 107 are for Barclays PLC. These amounts should be debited by £nil to reflect those for Barclays Bank PLC (2002: £2m, 2001: £2m).
208