Barclays 2004 Annual Report Download - page 134
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Consolidated accounts Barclays PLC
Consolidated profit and loss account
Consolidated profit and loss account
For the year ended 31st December
2004 2003 2002
Note £m £m £m
Interest receivable:
Interest receivable and similar income arising from debt securities 2,414 2,384 2,030
Other interest receivable and similar income 11,251 10,043 10,014
13,665 12,427 12,044
Interest payable (6,823) (5,823) (5,839)
Net interest income 6,842 6,604 6,205
Fees and commissions receivable 5,672 4,896 4,454
Less: fees and commissions payable (706) (633) (529)
Dealing profits 11,493 1,054 833
Other operating income 2644 490 364
Operating income 13,945 12,411 11,327
Administrative expenses – staff costs 3 (4,998) (4,295) (3,755)
Administrative expenses – other 5 (2,758) (2,404) (2,312)
Depreciation 6(295) (289) (303)
Goodwill amortisation 6(299) (265) (254)
Operating expenses (8,350) (7,253) (6,624)
Operating profit before provisions 5,595 5,158 4,703
Provisions for bad and doubtful debts 15 (1,091) (1,347) (1,484)
Provisions for contingent liabilities and commitments (2) 1(1)
Provisions (1,093) (1,346) (1,485)
Operating profit 4,502 3,812 3,218
(Loss)/profit from joint ventures (3) 1(5)
Profit/(loss) from associated undertakings 59 28 (5)
Exceptional items 745 4(3)
Profit on ordinary activities before tax 4,603 3,845 3,205
Tax on profit on ordinary activities 8 (1,289) (1,076) (955)
Profit on ordinary activities after tax 3,314 2,769 2,250
Minority interests (including non-equity interests) 9 (46) (25) (20)
Profit for the financial year attributable to the members of Barclays PLC 3,268 2,744 2,230
Dividends 10 (1,538) (1,340) (1,206)
Profit retained for the financial year 1,730 1,404 1,024
Basic earnings per 25p ordinary share 11 51.2p 42.3p 33.7p
Diluted earnings per 25p ordinary share 11 51.0p 42.1p 33.4p
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 Board of Directors approved the accounts set out on pages 124 to 224 on 10th March 2005.
The accompanying notes form an integral part of the Consolidated Accounts.
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