Barclays 2003 Annual Report Download - page 98

Download and view the complete annual report

Please find page 98 of the 2003 Barclays annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 232

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232

Financial Review
Average Balance Sheet
Average balance sheet and net interest income (year ended 31st December)
2003 2002 2001
Average Average Average Average Average Average
balance Interest rate balance Interest rate balance Interest rate
£m £m % £m £m % £m £m %
Assets
Treasury bills and other eligible bills:
in offices in the United Kingdom 4,048 121 3.0 4,496 158 3.5 3,952 189 4.8
in offices outside the United Kingdom 1,222 66 5.4 960 66 6.9 1,114 89 8.0
Loans and advances to banks:
in offices in the United Kingdom 14,012 574 4.1 12,560 561 4.5 7,615 346 4.5
in offices outside the United Kingdom 4,272 108 2.5 5,535 161 2.9 5,827 265 4.5
Loans and advances to customers:
in offices in the United Kingdom 135,373 7,804 5.8 126,306 7,712 6.1 116,279 8,406 7.2
in offices outside the United Kingdom 26,323 1,136 4.3 25,896 1,132 4.4 23,573 1,498 6.4
Lease receivables:
in offices in the United Kingdom 4,520 215 4.8 4,245 209 4.9 4,384 245 5.6
in offices outside the United Kingdom 265 19 7.2 222 15 6.8 226 18 8.0
Debt securities:
in offices in the United Kingdom 58,435 2,174 3.7 40,115 1,790 4.5 36,858 2,069 5.6
in offices outside the United Kingdom 4,267 210 4.9 4,843 240 5.0 5,189 333 6.4
Average assets of banking business 252,737 12,427 4.9 225,178 12,044 5.3 205,017 13,458 6.6
Average assets of trading business 189,446 5,001 2.6 160,647 4,372 2.7 132,904 5,437 4.1
Total average interest earning assets 442,183 17,428 3.9 385,825 16,416 4.2 337,921 18,895 5.6
Provisions (2,796) (2,808) (2,513)
Non-interest earning assets 53,428 46,753 48,796
Total average assets and
interest income 492,815 17,428 3.5 429,770 16,416 3.8 384,204 18,895 4.9
Percentage of total average assets
in offices outside the United Kingdom 26.6% 27.2% 27.5%
Average interest earning assets
and net interest income:
Banking business 252,737 6,606 2.6 225,178 6,188 2.7 205,017 5,970 2.9
Trading business 189,446 68 160,647 75 – 132,904 (387) (0.3)
Non margin interest (2) – 17 (4) –
Total average interest earning
assets and net interest income 442,183 6,672 1.5 385,825 6,280 1.6 337,921 5,579 1.7
Total average interest earning assets
related to:
Interest income 17,428 3.9 16,416 4.2 18,895 5.6
Interest expense (10,754) (2.4) (10,153) (2.6) (13,312) (3.9)
Adjustment for non margin interest (2) – 17 (4) –
6,672 1.5 6,280 1.6 5,579 1.7
96