Barclays 2003 Annual Report Download - page 217

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Barclays PLC Annual Report 2003 215
(e) Changes in financing during the year
Non- Undated Dated
recourse loan loan Ordinary Share Minority
financing capital capital shares premium interests
£m £m £m £m £m £m
Barclays Bank PLC
At beginning of year 1,251 6,678 4,859 2,293 5,603 156
Exchange rate and other movements –(177) 27 – – 62
Net cash inflow from financing 3,262 (191) 1,143 9 140 65
At end of year 4,513 6,310 6,029 2,302 5,743 283
(f) Segmental analysis
2003 2002 2001
£m % £m % £m %
By geographical segments(a)
Attributable profit
UK 1,992 73 2,023 90 1,925 79
Other European Union 441 16 284 13 347 14
United States 179 6 (161) (7) 48 2
Rest of the World 132 5 82 4 129 5
2,744 100 2,228 100 2,449 100
Note
(a) For the basis of the geographical analysis, see Analyses by geographical segments and classes of business on page 119.
(g) Differences between UK and US accounting principles – Barclays Bank PLC
The following table summarises the significant adjustments to consolidated attributable profit (net income under US GAAP) and shareholders’ funds
(shareholders’ equity under US GAAP) which would result from the application of US GAAP instead of UK GAAP.
2003 2002 2001
£m £m £m
Net income (US GAAP) of Barclays PLC Group (from page 185) 1,740 2,476 2,695
Preference share dividends and other appropriations of
Barclays Bank PLC 102 104 102
Share compensation charge in Barclays Bank PLC
shown as reserve movement in Barclays PLC –(2) (2)
Net income (US GAAP) of Barclays Bank PLC Group 1,842 2,578 2,795
2003 2002
Note £m £m
Shareholders’ funds (UK GAAP) of Barclays Bank PLC Group 16,485 15,205
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 on securities (h) 876 515
Dividend payable 883 788
Loan origination fees (23) 91
Fair value amortisation credit (r) 25 17
Securitisations (q) 130 –
Guarantees (u) (8) –
Reserve Capital Instruments 1,705 1,771
Tax effect on the above UK/US GAAP reconciling items 165 (56)
Shareholders’ equity (US GAAP) of Barclays Bank PLC Group 18,646 17,846
The Notes refer to those parts of Note 61 on pages 186 to 202.