Barclays 2006 Annual Report Download - page 34
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Barclays PLC
Annual Report 2006
30
Financial review
Analysis of results by business
International Retail and Commercial Banking – excluding Absa provides a range of banking services, including current accounts, savings,
investments, mortgages and loans to personal and corporate customers across Spain, Portugal, France, Italy, Africa and the Middle East.
2006 2005 2004(a)
£m £m £m
Net interest income 610 562 529
Net fee and commission income 448 377 288
Net trading income 17 31 –
Net investment income 66 88 135
Principal transactions 83 119 135
Net premiums from insurance contracts 111 129 300
Other income 20 23 25
Total income 1,272 1,210 1,277
Net claims and benefits on insurance contracts (138) (161) (390)
Total income net of insurance claims 1,134 1,049 887
Impairment charges (41) (13) (31)
Net income 1,093 1,036 856
Operating expenses excluding amortisation of intangible assets (799) (734) (616)
Amortisation of intangible assets (9) (6) (1)
Operating expenses (808) (740) (617)
Share of post-tax results of associates and joint ventures 40 39 49
Profit on disposal of subsidiaries, associates and joint ventures 247 ––
Profit before tax 572 335 288
Cost:income ratio 71% 71% 70%
Cost:net income ratio 74% 71% 72%
Risk Tendency £75m £75m £65m
Return on average economic capital 39% 20% 21%
Economic profit £346m £115m £111m
2006 2005 2004
Loans and advances to customers £29.3bn £25.4bn £20.7bn
Customer accounts £11.4bn £10.4bn £10.1bn
Total assets £38.5bn £34.2bn £28.5bn
Risk weighted assets £20.4bn £20.4bn £19.3bn
Key Facts
Number of international branches 868 798 830
Number of Barclays Europe customers 820,000 800,000 700,000
Number of European mortgage customers 252,000 221,000 153,000
European mortgages – average balances (Euros) ¤25.9bn ¤21.2bn ¤16.9bn
European assets under management (Euros) ¤26.4bn ¤22.6bn ¤17.1bn
£1,134m 8%
Income Contribution to Group profitProfit before tax
£572m
International Retail and Commercial Banking – excluding Absa
Note
(a) Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.