Barclays 2007 Annual Report Download - page 184

Notes to the accounts
For the year ended 31st December 2007
182 Barclays PLC Annual Report 2007
1 Dividends per share
The Directors have recommended the final dividends in respect of 2007 of 22.5p per ordinary share of 25p each and 10p per staff share of £1 each,
amounting to a total of £1,485m, which will be paid on 25th April 2008. The financial statements for the year ended 31st December 2007 do not reflect
these dividends, which will be accounted for in shareholders’ equity as an appropriation of retained profits in the year ending 31st December 2008. The
financial statements to 31st December 2007 include the 2006 final dividend of £1,307m.
2 Net interest income
2007 2006 2005
£m £m £m
Cash and balances with central banks 145 91 9
Available for sale investments 2,580 2,811 2,272
Loans and advances to banks 1,416 903 690
Loans and advances to customers 19,559 16,290 12,944
Other 1,608 1,710 1,317
Interest income 25,308 21,805 17,232
Deposits from banks (2,720) (2,819) (2,056)
Customer accounts (4,110) (3,076) (2,715)
Debt securities in issue (6,651) (5,282) (3,268)
Subordinated liabilities (878) (777) (605)
Other (1,339) (708) (513)
Interest expense (15,698) (12,662) (9,157)
Net interest income 9,610 9,143 8,075
Interest income includes £113m (2006: £98m, 2005: £76m) accrued on impaired loans.
Other interest income principally includes interest income relating to reverse repurchase agreements. Similarly, other interest expense principally includes
interest expense relating to repurchase agreements and hedging activity.
Included in net interest income is hedge ineffectiveness as detailed in Note 14.
3 Net fee and commission income
2007 2006 2005
£m £m £m
Fee and commission income
Brokerage fees 109 70 64
Investment management fees 1,787 1,535 1,250
Securities lending 241 185 151
Banking and credit related fees and commissions 6,363 6,031 4,805
Foreign exchange commissions 178 184 160
Fee and commission income 8,678 8,005 6,430
Brokerage fees paid (970) (828) (725)
Fee and commission expense (970) (828) (725)
Net fee and commission income 7,708 7,177 5,705