Barclays 2004 Annual Report Download - page 239
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Barclays PLC Annual Report 2004
237
(h) Differences between UK and US accounting principles – Barclays Bank PLC
The following table summarises the significant adjustments to consolidated attributable profit (net income under US GAAP) and shareholders’
funds (shareholders’ equity under US GAAP) which would result from the application of US GAAP instead of UK GAAP.
2004 2003 2002
£m £m £m
Net income (US GAAP) of Barclays PLC Group (from page 204) 3,032 1,740 2,476
Preference share dividends and other appropriations of Barclays Bank PLC 96 102 104
Share compensation charge in Barclays Bank PLC
shown as reserve movement in Barclays PLC ––(2)
Other income in Barclays Bank PLC recorded as reduction in dividend in Barclays PLC 9––
Net income (US GAAP) of Barclays Bank PLC Group 3,137 1,842 2,578
2004 2003
Note £m £m
Shareholders’ funds (UK GAAP) of Barclays Bank PLC Group 18,271 16,485
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 on securities (h) 491 876
Dividend payable 971 883
Loan origination (89) (23)
Consolidation 8–
Securitisations (q) 151 130
Guarantees (t) (17) (8)
Revenue recognition (180) –
Reserve Capital Instruments 1,612 1,705
Tax effect on the above UK/US GAAP reconciling items 473 165
Shareholders’ equity (US GAAP) of Barclays Bank PLC Group 19,594 18,646
2004 2003
£m £m
Total assets (US GAAP) of Barclays PLC Group (from page 205) 654,580 541,969
Shares in Barclays PLC 119 111
654,699 542,080
The Notes refer to those parts of Note 52 on pages 205 to 222.