Barclays 2006 Annual Report Download - page 296

Barclays PLC
Annual Report 2006
292
US GAAP financial data
Ratio of earnings to fixed charges – Barclays Bank PLC
2006 2005 2004(a) 2003(b) 2002(b)
(in £m except for ratios)
Ratio of earnings to fixed charges
UK GAAP/IFRS:
Fixed charges
Interest expense 30,385 20,965 14,464 10,754 10,153
Rental expense 137 126 93 85 87
Total fixed charges 30,522 21,091 14,557 10,839 10,240
Earnings
Income before taxes and minority interests 7,197 5,311 4,589 3,845 3,203
Less: Unremitted pre-tax (income)/loss of associated companies and joint ventures (41) (28) (51) (21) 11
7,156 5,283 4,538 3,824 3,214
Fixed charges 30,522 21,091 14,557 10,839 10,240
Total earnings including fixed charges 37,678 26,374 19,095 14,663 13,454
Ratio of earnings to fixed charges 1.23 1.25 1.31 1.35 1.31
US GAAP:
Fixed charges
Interest expense(d) 30,117 20,953 14,330 10,609 10,004
Rental expense(d) 137 126 93 85 87
Total fixed charges 30,254 21,079 14,423 10,694 10,091
Earnings
US GAAP Income before taxes and minority interests(c) 6,909 4,565 4,465 2,588 3,609
Less: Unremitted pre-tax (income)/loss of associated companies and joint ventures(d) (41) (28) (51) (21) 11
6,868 4,537 4,414 2,567 3,620
Fixed charges 30,254 21,079 14,423 10,694 10,091
Total earnings including fixed charges 37,122 25,616 18,837 13,261 13,711
Ratio of earnings to fixed charges 1.23 1.22 1.31 1.24 1.36
Notes
(a) Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.
(b) UK GAAP.
(c) For a discussion of significant differences between IFRS and US GAAP and a reconciliation of net income between amounts calculated under IFRS and those
calculated under US GAAP, see Note 60 of the accounts included herein.
(d) Interest expense, rental expense and unremitted pre-tax income of associated companies and joint venture under US GAAP for 2004 have been revised to take
account of line item reclassifications arising from the Group’s conversion to IFRS.