Barclays 2006 Annual Report Download - page 26

Barclays PLC
Annual Report 2006
22
Financial review
Analysis of results by business
£3,828m 17%
Income Contribution to Group profitProfit before tax
£1,213m
UK Retail Banking comprises Personal Customers, Home Finance, UK Premier and Local Business (formerly Small Business). This cluster of
businesses aims to build broader and deeper relationships with customers. Personal Customers and Home Finance provide a wide range of products
and services to retail customers, including current accounts, savings and investment products, mortgages branded Woolwich and general insurance.
UK Premier provides banking, investment products and advice to affluent customers. Local Business provides banking services to small businesses.
2006 2005 2004(a)
£m £m £m
Net interest income 2,333 2,208 2,107
Net fee and commission income 1,219 1,131 1,149
Net trading income –––
Net investment income –9 –
Principal transactions –9 –
Net premiums from insurance contracts 269 280 249
Other income 42 16 29
Total income 3,863 3,644 3,534
Net claims and benefits on insurance contracts (35) (58) (46)
Total income net of insurance claims 3,828 3,586 3,488
Impairment charges (209) (150) (69)
Net income 3,619 3,436 3,419
Operating expenses excluding amortisation of intangible assets (2,407) (2,390) (2,461)
Amortisation of intangible assets (1) ––
Operating expenses (2,408) (2,390) (2,461)
Share of post-tax results of associates and joint ventures 2(6) 2
Profit on disposal of subsidiaries, associates and joint ventures ––42
Profit before tax 1,213 1,040 1,002
Cost:income ratio 63% 67% 71%
Cost:net income ratio 67% 70% 72%
Risk Tendency £225m £180m £160m
Return on average economic capital 39% 35% 32%
Economic profit £693m £586m £508m
2006 2005 2004
Loans and advances to customers £67.6bn £64.8bn £66.7bn
Customer accounts £85.0bn £78.8bn £73.6bn
Total assets £74.0bn £70.4bn £72.7bn
Risk weighted assets £34.9bn £32.8bn £38.2bn
Key Facts
Personal Customers
Number of UK current accounts 11.5m 11.1m 10.7m
Number of UK savings accounts 11.0m 10.8m 10.6m
Total UK mortgage balances (residential) £61.9bn £59.6bn £61.7bn
Number of household insurance policies 825,000 616,000 559,000
Local Business and UK Premier
Number of Local Business customers 630,000 630,000 603,000
Number of UK Premier customers 297,000 286,000 273,000
UK Retail Banking
Note
(a) Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.