Barclays 2005 Annual Report Download - page 158

7 Impairment charge and other credit provisions
2005 2004
£m £m
Impairment charges
The charges for the period in respect of impairment for loans and advances comprise:
– New and increased 2,129 1,755
– Reversals (333) (396)
– Recoveries (222) (255)
Total impairment charges for loans and advances 1,574 1,104
Impairment on available for sale investments 4n/a
Other credit provisions
Releases for the period in respect of provision for undrawn contractually committed facilities and guarantees provided (7) (11)
Impairment charge and other credit provisions 1,571 1,093
8 Operating expenses excluding amortisation of intangible assets
2005 2004
£m £m
Staff costs (Note 9) 6,318 5,227
Administrative expenses 3,443 2,766
Depreciation (Note 29) 362 297
Impairment loss – intangible assets (Note 28) 99
Operating lease rentals 316 215
Operating expenses excluding amortisation of intangible assets 10,448 8,514
The gain/loss recognised in profit or loss in the year due to foreign exchange translation, except for those arising on financial instruments measured
at fair value through profit or loss, was a gain of £19m in 2005 and a loss of £42m in 2004.
Auditors’ remuneration
Total auditors’ remuneration in relation to statutory audit was £15m (2004: £7m) which included £3m (2004: £nil) paid to auditors other than
PricewaterhouseCoopers LLP and its affiliated firms.
Amounts paid and payable to the Group’s principal auditors PricewaterhouseCoopers LLP and its affiliated firms, were as follows:
2005 2004
£m £m
Audit related
Group statutory 12 7
Regulatory 55
Further assurance services 53
Taxation services
Compliance 33
Advisory 12
Other services
Transaction support 32
Total principal auditors’ remuneration 29 22
The figures shown in the above table include amounts paid in the United Kingdom to PricewaterhouseCoopers LLP. Fees for audit services above
include all amounts paid to the Group’s auditors in their capacity as such.
Further assurance services include internal control reviews, attestation services not required by statute or regulation and consultation concerning
financial accounting and reporting standards.
Taxation services include compliance services such as tax return preparation and advisory services such as consultation on tax matters, tax advice
relating to transactions and other tax planning and advice.
Transaction support services includes due diligence related to transactions and accounting consultations and audits in connection with transactions.
Total auditors’ remuneration includes £0.25m (2004: £0.30m) in relation to the audit of Barclays pension schemes.
Notes to the accounts
For the year ended 31st December 2005
Barclays PLC
Annual Report 2005
156