Barclays 2006 Annual Report Download - page 24

Barclays PLC
Annual Report 2006
20
Financial review
Analysis of results by business
UK Banking delivers banking solutions to Barclays UK retail and business banking customers. It offers a range of integrated products and services and
access to the expertise of other Group businesses. Customers are served through a variety of channels comprising the branch network, automated
teller machines, telephone banking, online banking and relationship managers. UK Banking is managed through two business areas, UK Retail
Banking and UK Business Banking.
2006 2005 2004(a)
£m £m £m
Net interest income 4,035 3,744 3,348
Net fee and commission income 1,861 1,720 1,855
Net trading income 2––
Net investment income 28 26 –
Principal transactions 30 26 –
Net premiums from insurance contracts 269 280 249
Other income 63 33 43
Total income 6,258 5,803 5,495
Net claims and benefits on insurance contracts (35) (58) (46)
Total income, net of insurance claims 6,223 5,745 5,449
Impairment charges (461) (327) (188)
Net income 5,762 5,418 5,261
Operating expenses excluding amortisation of intangible assets (3,263) (3,212) (3,220)
Amortisation of intangible assets (2) (3) (2)
Operating expenses (3,265) (3,215) (3,222)
Share of post-tax results of associates and joint ventures 5(3) 5
Profit on disposal of subsidiaries, associates and joint ventures 76 –42
Profit before tax 2,578 2,200 2,086
Cost:income ratio 52% 56% 59%
Cost:net income ratio 57% 59% 61%
Risk Tendency £515m £430m £360m
Return on average economic capital 38% 33% 35%
Economic profit £1,431m £1,130m £1,086m
2006 2005 2004
Loans and advances to customers £123.9bn £118.2bn £106.7bn
Customer accounts £142.4bn £129.7bn £111.1bn
Total assets £139.9bn £130.3bn £114.9bn
Risk weighted assets £84.9bn £79.9bn £80.5bn
Key Facts
Number of UK branches 2,014 2,029 2,061
£6,223m 36%
Income Contribution to Group profitProfit before tax
£2,578m
UK Banking
Note
(a) Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.