Barclays 2004 Annual Report Download - page 206
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204
Notes to the accounts
For the year ended 31st December 2004
52 Differences between UK GAAP and US GAAP accounting principles (continued)
2004 2003 2002
Note £m £m £m
Attributable profit of Barclays PLC Group (UK GAAP) 3,268 2,744 2,230
Goodwill (a) 246 272 237
Intangible assets (b) (141) (175) (64)
Pensions (c) (180) (139) (187)
Post-retirement benefits (c) 12 27 (18)
Leasing – lessor 120 21 (7)
Leasing – lessee ––(10)
Deferred tax (d) ––(32)
Compensation arrangements (e) (15) (74) (82)
Shareholders’ interest in the long-term assurance fund (f) (146) (6) 109
Provisions for restructuring of business (l) –(16) (22)
Extinguishment of liabilities (32) (135) (159)
Revaluation of property 11 75
Business combinations (k) 13 (4) 206
Internal use software (m) (47) (14) (207)
Derivatives (o) (364) (1,102) 553
Fair value of securities (h) 80 374 (276)
Foreign exchange on available for sale securities (n) 428 (443) 152
Loan origination (66) (114) 31
Consolidation (p) 15 ––
Securitisations (q) 21 130 –
Guarantees (t) (9) (8) –
Revenue recognition (180) ––
Tax effect on the above UK/US GAAP reconciling items (2) 395 17
Net income (US GAAP) 3,032 1,740 2,476
Barclays PLC Group Note ppp
Basic earnings per 25p ordinary share (g) 47.5 26.8 37.4
Diluted earnings per 25p ordinary share (g) 46.8 26.5 37.2
2004 2003
Note £m £m
Shareholders’ funds (UK GAAP) 17,417 16,473
Prior year adjustment (UK GAAP) (y) (99)
17,417 16,374
Goodwill (a) 812 570
Intangible assets (b) (452) (315)
Pensions (c) (1,249) (988)
Post-retirement benefits (c) (11) (23)
Leasing – lessor (25) (145)
Compensation arrangements (e) 45 (1)
Shareholders’ interest in the long-term assurance fund (f) (621) (555)
Extinguishment of liabilities (326) (294)
Revaluation of property (i) (212) (224)
Internal use software (m) 20 67
Derivatives (o) (78) 341
Fair value of securities (h) 491 876
Dividend payable 1,011 883
Loan origination (89) (23)
Consolidation (p) 8–
Securitisations (q) 151 130
Guarantees (t) (17) (8)
Revenue recognition (180) –
Translation differences (260) –
Own shares 45 –
Tax effect on the above UK/US GAAP reconciling items 473 165
Shareholders’ equity (US GAAP) 16,953 16,830
Selected financial data, adjusted from UK GAAP to reflect the main differences from US GAAP, is given on page 239.