Barclays 2004 Annual Report Download - page 230

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Barclays Bank PLC data
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 (a) 653 490 364
Operating income 13,954 12,411 11,327
Administrative expenses – staff costs (b) (4,998) (4,295) (3,757)
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) (6,626)
Operating profit before provisions 5,604 5,158 4,701
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 4,511 3,812 3,216
(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 4,612 3,845 3,203
Tax on profit on ordinary activities 8 (1,289) (1,076) (955)
Profit on ordinary activities after tax 3,323 2,769 2,248
Minority interests – equity 9(44) (25) (20)
Profit attributable to the members of Barclays Bank PLC 3,279 2,744 2,228
Profit attributable to non-equity shareholders (2) ––
Dividends payable to Barclays PLC (d) (2,247) (1,580) (1,798)
Profit retained for the financial year 1,030 1,164 430
The Note numbers refer to the Notes on pages 139 to 224, whereas the Note letters refer to those on pages 234 to 237.
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 consolidated profit and loss account of Barclays Bank PLC for the year ended 31st December 2004, contains a credit of £9m (2003: £nil,
2002: £nil) in respect of dividends on own shares within other operating income that is shown as a deduction against dividends in the
consolidated accounts of Barclays PLC. Additionally, a charge of £nil (2003: £nil, 2002: £2m) is included within staff costs which is debited directly
to revenues in the consolidated accounts of Barclays PLC.