Barclays 2006 Annual Report Download - page 262

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Notes to the accounts
For the year ended 31st December 2006
Barclays PLC
Annual Report 2006
258
60 Differences between IFRS and US GAAP accounting principles (continued)
2006 2005 2004
Notes £m £m £m
Profit attributable to equity holders of the parent (IFRS) 4,571 3,447 3,254
Goodwill (a) (8) – (2)
Intangible assets (b) (127) (121) (137)
Pensions (c) (106) (202) (14)
Post-retirement benefits (c) (17) (1) 20
Leasing (342) (136) n/a
Other compensation arrangements 66 44 54
Insurance (96) (35) (95)
Revaluation of property 85 911
Hedging (l) (76) (208) n/a
Derivatives n/a n/a (364)
Financial instruments 52 (417) n/a
Fair value of securities n/a n/a 80
Foreign exchange on available for sale securities (j) 349 185 428
Fee and cost recognition 31 58 (180)
Loan origination n/a n/a (66)
Consolidation (m) (33) (22) 68
Securitisations (n) (48) 204 21
Guarantees (9) (25) (10)
Business combinations (i) ––13
Software capitalisation –– (15)
Extinguishment of liabilities n/a n/a (32)
Classification of debt and equity 58 (57) –
Impairment –(24) –
Loans held for sale (11) ––
Non-financial instruments 118 –
Disposal of foreign subsidiaries (34) ––
Tax effect on IFRS/US GAAP reconciling items 12 215 (2)
Net income (US GAAP) 4,318 2,932 3,032
Barclays PLC Group ppp
Basic earnings per 25p ordinary share (f) 67.9 46.3 47.5
Diluted earnings per 25p ordinary share (f) 66.5 44.7 46.8
2006 2005
£m £m
Shareholders’ equity excluding minority interests (IFRS) 19,799 17,426
Goodwill (a) 533 563
Intangible assets (b) (694) (573)
Pensions (c) 324 1,224
Post-retirement benefits (c) (32) 51
Leasing (342) –
Other compensation arrangements 176 104
Insurance (33) 62
Revaluation of property (136) (221)
Hedging (l) 295 254
Financial instruments (91) (424)
Fee and cost recognition 62 30
Consolidation (m) 951
Securitisations (n) 307 355
Guarantees (3) 6
Classification of debt and equity 179 116
Loans held for sale (11) –
Non-financial instruments (3) (4)
Tax effect on IFRS/US GAAP reconciling items (307) (559)
Shareholders’ equity (US GAAP) 20,032 18,461
For those standards that were not adopted until 1st January 2005, UK GAAP continued to be applied throughout 2004 in accordance with
IFRS transition rules. Therefore, for 31st December 2004, the differences relating to Derivatives, Fair value of securities, Loan origination and
Extinguishment of liabilities are the same as those previously reported.