Barclays 2004 Annual Report Download - page 212

210
Notes to the accounts
For the year ended 31st December 2004
52 Differences between UK GAAP and US GAAP accounting principles (continued)
(e) Compensation arrangements
The additional US GAAP charge arising from the application of SFAS 123 in respect of the fair value of options granted since 1995 is £79m
(2003: £73m, 2002: £82m). A net credit of £50m (2003: £nil) relates to the write-back of National Insurance liability which will be recognised
on exercise of the relevant options.
The net credit with respect to other deferred compensation plans is £14m (2003: charge of £1m, 2002: £nil).
The Executive Share Option Scheme (ESOS), Save As You Earn (SAYE), Incentive Share Option Plan (ISOP), the BGI Equity Ownership Plan
(BGI EOP), Executive Share Award Scheme (ESAS), the Woolwich Executive Share Option Plan (Woolwich ESOP) and the Woolwich SAYE scheme
fall within the scope of SFAS 123.
Analysis of the movement in the number and weighted average exercise price of options is set out below.
ESOS (a) SAYE (a)
Number Weighted average Number Weighted average
(000’s) ex. price (£) (000’s) ex. price (£)
2004 2003 2004 2003 2004 2003 2004 2003
Outstanding at beginning of year 5,952 8,168 4.11 4.09 105,853 126,895 3.59 3.34
Granted in the year ––––21,353 22,284 4.08 3.73
Exercised in the year (1,296) (1,134) 4.01 3.73 (22,637) (32,617) 3.59 2.71
Forfeited or expired in the year (110) (1,082) 4.25 4.36 (7,303) (10,709) 3.66 3.56
Outstanding at end of year 4,546 5,952 4.13 4.11 97,266 105,853 3.69 3.59
ISOP (a) BGI EOP (b)
Number Weighted average Number Weighted average
(000’s) ex. price (£) (000’s) ex. price (£)
2004 2003 2004 2003 2004 2003 2004 2003
Outstanding at beginning of year 98,932 77,593 4.56 4.98 13,525 17,809 9.51 8.91
Granted in the year 61,937 28,122 4.80 3.33 2,009 545 20.11 10.92
Exercised in the year (4,502) (2,613) 4.18 3.91 (7,783) (4,122) 9.05 7.10
Forfeited or expired in the year (18,497) (4,170) 5.18 4.49 (176) (707) 12.19 9.44
Outstanding at end of year 137,870 98,932 4.59 4.56 7,575 13,525 12.74 9.51
Woolwich SAYE (a) Woolwich ESOP (a)
Number Weighted average Number Weighted average
(000’s) ex. price (£) (000’s) ex. price (£)
2004 2003 2004 2003 2004 2003 2004 2003
Outstanding at beginning of year 609 3,764 3.34 3.16 4,416 8,785 3.80 3.77
Exercised in the year (393) (2,898) 3.35 3.12 (2,089) (4,160) 3.79 3.73
Forfeited or expired in the year (52) (257) 3.34 3.20 (26) (209) 4.02 3.89
Outstanding at end of year 164 609 3.32 3.34 2,301 4,416 3.80 3.80
ESAS (a)(c)
Number Weighted average
(000’s) ex. price (£)
2004 2003 2004 2003
Outstanding at beginning of year 70,967 51,515 ––
Granted in the year 42,885 34,735 ––
Exercised in the year (12,071) (13,111) ––
Forfeited or expired in the year (1,497) (2,172) ––
Outstanding at end of year 100,284 70,967 ––
Notes
(a) Options granted over Barclays PLC shares.
(b) Options granted over BGI UK Holdings Limited shares.
(c) ESAS is a nil cost award.