Barclays 2007 Annual Report Download - page 183

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Financial statements
Barclays PLC Annual Report 2007 181
Statement of recognised income and expense
For the year ended 31st December
2007 2006 2005
£m £m £m
Profit after tax 3,289 1,964 2,012
Total recognised income and expense for the year 3,289 1,964 2,012
Cash flow statement
For the year ended 31st December
2007 2006 2005
£m £m £m
Reconciliation of profit before tax to net cash flows from operating activities:
Profit before tax 3,289 1,964 2,012
Changes in operating assets and liabilities:
Net (increase) in other assets (3) (13) (1)
Net (decrease)/increase in other liabilities (3) –1
Net cash from operating activities 3,283 1,951 2,012
Capital contribution to subsidiaries (1,434) ––
Purchase of shares in subsidiaries (316) (179) (135)
Net cash used in investing activities (1,750) (179) (135)
Proceeds from issue of shares 2,494 179 135
Dividends paid (2,129) (1,814) (1,612)
Repurchase of ordinary shares (1,802) ––
Net cash used in financing activities (1,437) (1,635) (1,477)
Net increase in cash and cash equivalents 96 137 400
Cash and cash equivalents at beginning of year 575 438 38
Cash and cash equivalents at end of year 671 575 438
Cash and cash equivalents comprise:
Cash and balances at central banks 671 575 438
Net cash from operating activities includes:
Dividends received 3,287 1,964 2,012
Interest received 444
The parent company’s sole activity is to hold the investment in its wholly-owned subsidiaries, Barclays Bank PLC, Barclays Investment (Netherlands) N.V.
and Odysseus Jersey (No. 1) Limited.
The Company was not exposed at 31st December 2007 or 2006 to significant risks arising from the financial instruments it holds; which mainly
comprised cash and balances with central banks.
Dividends received are treated as operating income.
The accompanying notes form an integral part of the accounts.