Barclays 2003 Annual Report Download - page 76

Financial Data Barclays PLC
Consolidated profit and loss account summary(a)
2003 2002 2001 2000 1999
£m £m £m £m £m
Interest receivable 12,427 12,044 13,458 11,788 9,320
Interest payable (5,823) (5,839) (7,492) (6,682) (4,696)
Profit on redemption/repurchase of loan capital –––23
Net interest income 6,604 6,205 5,966 5,108 4,627
Fees and commissions receivable 4,896 4,454 4,202 3,676 3,201
Less: fees and commissions payable (633) (529) (465) (320) (275)
Dealing profits 1,054 833 1,011 677 556
Other operating income 490 364 428 353 287
Operating income 12,411 11,327 11,142 9,494 8,396
Administration expenses – staff costs (4,295) (3,755) (3,714) (3,219) (3,057)
Administration expenses – other (2,404) (2,312) (2,303) (1,967) (1,807)
Depreciation (289) (303) (308) (255) (267)
Goodwill amortisation (265) (254) (229) (51) (13)
Operating expenses (7,253) (6,624) (6,554) (5,492) (5,144)
Operating profit before provisions 5,158 4,703 4,588 4,002 3,252
Provisions for bad and doubtful debts (1,347) (1,484) (1,149) (817) (621)
Provisions for contingent liabilities and commitments 1(1) (1) 1 (1)
Provisions (1,346) (1,485) (1,150) (816) (622)
Operating profit 3,812 3,218 3,438 3,186 2,630
Profit/(loss) from joint ventures 1(5) (1) (1) (1)
Profit/(loss) from associated undertakings 28 (5) (8) (7) (13)
Loss on sale or restructuring of BZW ––––(30)
Profit/(loss) on disposal/termination of other Group undertakings 4(3) (4) 214 (108)
Profit on ordinary activities before tax 3,845 3,205 3,425 3,392 2,478
Tax on profit on ordinary activities (1,076) (955) (943) (901) (655)
Profit on ordinary activities after tax 2,769 2,250 2,482 2,491 1,823
Profit attributable to minority and other non-equity interests (25) (20) (36) (46) (52)
Profit for the financial year attributable to the members of Barclays PLC 2,744 2,230 2,446 2,445 1,771
Dividends (1,340) (1,206) (1,110) (927) (746)
Profit retained for the financial year 1,404 1,024 1,336 1,518 1,025
Selected financial statistics
Earnings per ordinary share 42.3p 33.7p 36.8p 40.4p 29.6p
Dividends per ordinary share 20.5p 18.35p 16.625p 14.50p 12.50p
Dividend cover (times) 2.1 1.8 2.2 2.6 2.4
Attributable profit before tax as a percentage of:
average shareholders’ funds 23.5% 21.0% 23.9% 33.8% 29.2%
Attributable profit after tax as a percentage of:
average shareholders’ funds 16.9% 14.7% 17.4% 24.8% 21.5%
average total assets (Note (b)) 0.6% 0.5% 0.6% 0.8% 0.7%
Average United States Dollar exchange rate used in preparing the accounts 1.64 1.50 1.44 1.52 1.62
Average euro exchange rate used in preparing the accounts 1.45 1.59 1.61 1.64 1.52
See Notes on page 75.
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