Barclays 2005 Annual Report Download - page 299

Barclays PLC
Annual Report 2005 297
3.5
(h) Other shareholders’ equity
2005
£m
1st January 2005 2,494
Appropriations (4)
At 31st December 2005 2,490
(i) Minority interests
2005 2004
£m £m
At beginning of year 147 283
Share of net profit 177 47
Dividend and other payments (96) (20)
Equity issued by subsidiaries 26 37
Available for sale reserve:
– Gains taken to equity 1n/a
Cash flow hedges:
– Gains taken to equity 1n/a
– Exchange differences on translating foreign operations 85 (9)
– Additions 1,281 2
– Disposals 4(124)
– Other (48) (5)
At end of year 1,578 211
(j) Dividends
2005 2004
£m £m
On ordinary shares
Final dividend 1,017 882
Interim dividends 995 1,256
Dividends 2,012 2,138
The 2005 dividend disclosure of £1,017m relates to the cash payment of the 2004 final dividend made in April 2005. The 2004 final dividend
disclosure of £882m relates to the cash payment of the 2003 final dividend made in April 2004.
These dividends are paid to enable Barclays PLC to fund its dividends to its shareholders and, in 2004, to fund the repurchase by Barclays PLC of
ordinary share capital at a total cost of £699m, and to fund contributions of £1m made by Barclays PLC to the QUEST to enable the purchase of new
Barclays PLC ordinary shares on the exercise of options under the SAYE Share Option Scheme.
Dividends paid on Preference Shares amounted to £74m (2004: nil).
(k) Reconciliation of operating profit to net cash flow from operating activities
2005 2004
£m £m
Net cash outflow from operating activities of Barclays PLC (see Note 44) (18,221) (583)
Increase in balance due by Barclays Bank PLC to Barclays PLC 30 33
Net cash outflow from operating activities of Barclays Bank PLC (18,191) (550)
The detailed movements disclosed in Note 44 differ for Barclays Bank PLC in the following respects: operating profit by £31m (2004: nil) net increase
in trading portfolio assets by £4m (2004: £nil) other credit balances by £(34)m (2004: £nil) and other non-cash movements by £29m (2004: £33m).