Barclays 2003 Annual Report Download - page 216
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Barclays Bank PLC Data
Notes to the Accounts
(a) Administrative expenses – staff costs
2003 2002 2001
£m £m £m
Salaries and accrued incentive payments 3,441 3,159 3,149
Social security costs 278 240 243
Pension costs 180 (27) (17)
Post-retirement health care 19 15 –
Other staff costs 377 370 341
4,295 3,757 3,716
(b) Called up share capital
Ordinary shares
The authorised ordinary share capital of the Bank, as at 31st December 2003, was 3,000m (2002: 3,000m) ordinary shares of £1 each.
2003 2002
£m £m
Called up share capital, allotted and fully paid
At beginning of year 2,293 2,286
Issued for cash 97
At end of year 2,302 2,293
Preference shares
The authorised preference share capital of the Bank is 150m (2002: 150m) shares of US$0.01 each. There are no preference shares outstanding as at
31st December 2003 (2002: nil).
(c) Dividends
2003 2002 2001
£m £m £m
On ordinary shares
Interim dividends 697 1,010 635
Final interim dividend 883 788 682
1,580 1,798 1,317
These dividends are paid to enable Barclays PLC to fund its dividends to its shareholders and, in 2003, to fund the repurchase by Barclays PLC of
ordinary share capital at a total cost of £204m (2002: total cost of £546m), and to fund contributions of £36m (2002: £46m) made by Barclays PLC
to the QUEST (see page 124) to enable the purchase of new Barclays PLC ordinary shares on the exercise of options under the SAYE Share
Option Scheme.
Series D1 and Series D2 preference shares were redeemed on 29th March 2001. Dividends paid in respect of these preference shares were US$7m
(£5m) in 2001.
(d) Reconciliation of operating profit to net cash flow from operating activities
2003 2002 2001
£m £m £m
Net cash (outflow)/inflow from operating activities of Barclays PLC (see Note 48) (2,290) 6,747 3,192
(Decrease)/increase in balance due by Barclays Bank PLC to Barclays PLC (89) 56 32
Net cash (outflow)/inflow from operating activities of Barclays Bank PLC (2,379) 6,803 3,224
The detailed movements disclosed in Note 48 differ for Barclays Bank PLC in the following respects; net increase in debt securities and equity shares
by £8m (2002: £4m) and other non-cash movements by £(8)m (2002: £(4)m).
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