Barclays 2005 Annual Report Download - page 207

46 Investment in Barclays Bank PLC
The investment in Barclays Bank PLC is stated in the balance sheet at Barclays PLC’s share of the cost of Barclays Bank PLC of £8,462m
(2004: £8,327m). The net increase of £135m during the year represents the cost of additional shares.
47 Related party transactions
Parties are considered to be related if one party has the ability to control the other party or exercise significant influence over the other party in
making financial or operation decisions, or one other party controls both.
(a) Subsidiaries
Details of the principal subsidiaries are shown in Note 49.
(b) Associates and joint ventures
The Group provides certain banking and financial services to associates and joint ventures.
The Group also provides a number of normal current and interest bearing cash accounts to the Group pension funds (principally the UK Retirement
Fund) in order to facilitate the day to day financial administration of the funds. Group companies, principally within Barclays Global Investors, also
provide investment management and custodian services. The Group also provides normal banking services for unit trust and investment funds
managed by Group companies. These transactions are conducted on similar terms to third-party transactions and are not individually material.
Details of investment in associates and joint ventures is given in Note 26.
In aggregate, amounts included in the accounts are as follows:
For the year ended and as at 31st December 2005
Pension
funds unit
trusts and
Joint investment
Associates ventures funds Total
£m £m £m £m
Interest received 23 14 – 37
Interest paid 37 45 – 82
Fees received for services rendered (including investment management and
custody and commissions) 5 7 17 29
Fees paid for services provided 120 34 – 154
Principal transactions 33 – 1 34
Loans and advances to banks 503 – – 503
Loans and advances to customers 129 19 – 148
Derivative transactions 36––36
Other assets 26 11946
Deposits from banks (827) – – (827)
Customer accounts (13) (22) (501) (536)
Derivative transactions (1) – – (1)
Other liabilities (22) (6) – (28)
Income from pooled funds managed by BGI – – 17 17
Value of schemes’ investments in pooled funds managed by BGI – – 13,375 13,375
No guarantees, pledges and commitments have been given or received in respect of the above transactions in 2005 or 2004.
There are no leasing transactions between related parties for 2005 and 2004.
Derivatives transacted on behalf of the Pension Funds Unit Trusts and Investment Funds amounted to £280m (2004: £161m).
Barclays PLC
Annual Report 2005 205
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