Barclays 2006 Annual Report Download - page 175

Barclays PLC
Annual Report 2006 171
Financial statements
3
9 Administration and general expenses
2006 2005 2004
£m £m £m
Administrative expenses 3,980 3,443 2,766
Impairment loss
– property and equipment (Note 25) 14 ––
– intangible assets (Note 24) 799
Operating lease rentals 345 316 215
Gain on property disposals (432) ––
Administration and general expenses 3,914 3,768 2,990
Auditors’ remuneration
2006
Audit Taxation Other
Audit related services services Total
£m £m £m £m £m
Audit of the Group’s annual accounts 7–––7
Other services:
Fees payable for the audit of the Company’s associates pursuant to legislation 11 – – – 11
Other services supplied pursuant to such legislation 10 1 – – 11
Other services relating to taxation ––6–6
Services relating to corporate finance transactions entered into or proposed
to be entered into by or on behalf of the Company or any of its associates –––44
Other –4–15
Total auditors’ remuneration 28 5 6 5 44
2005
Audit Taxation Other
Audit related services services Total
£m £m £m £m £m
Audit of the Group's annual accounts 6–––6
Other services:
Fees payable for the audit of the Company’s associates pursuant to legislation 8 – – – 8
Other services supplied pursuant to such legislation 1 – – – 1
Other services relating to taxation – – 4 – 4
Services relating to corporate finance transactions entered into or proposed
to be entered into by or on behalf of the Company or any of its associates – – – 3 3
Other –7 ––7
Total auditors’ remuneration 15 7 4 3 29
The figures shown in the above table relate to fees paid to PricewaterhouseCoopers LLP and its associates. Fees paid to other auditors not associated
with PricewaterhouseCoopers LLP in respect of the audit of the Company’s subsidiaries were £2m (2005: £3m, 2004: £nil).
Fees payable for the audit of the Company’s associates pursuant to legislation comprise the fees for the statutory audit of the subsidiaries and
associated pension schemes both inside and outside Great Britain and fees for the work performed by the associates of PricewaterhouseCoopers LLP
in respect of the consolidated financial statements of the Company. The fees relating to the audit of the associated pension schemes were £0.3m
(2005: £0.3m, 2004: £0.3m).
Other services supplied pursuant to such legislation comprise services in relation to statutory and regulatory filings. These includes audit services
for the review of the interim financial information under the Listing Rules of the UK listing authority and for the first time in 2006, fees paid for
preparation for reporting under Section 404 of the US Sarbanes-Oxley Act (Section 404). In addition, other services include Section 404 advisory,
IFRS advisory, securitisations and services relating to the Absa acquisition.
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.
Services relating to corporate finance transactions comprise due diligence related to transactions and accounting consultations and audits in
connection with such transactions.
Auditors’ remuneration for 2004 was as follows: audit fees £12m, audit related fees £3m, taxation services £5m and other services £2m.