Barclays 2007 Annual Report Download - page 279

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3
Financial statements
l Minority interests
2007 2006
£m £m
At beginning of year 1,685 1,578
Share of profit after tax 377 342
Dividend and other payments (131) (127)
Equity issued by subsidiaries 137 233
Available for sale reserve: net gain/(loss) from changes in fair value 1(2)
Cash flow hedges: net loss from changes in fair value (16) (9)
Currency translation differences 16 (316)
Additions 27 20
Disposals (111) (34)
Other (36) –
At end of year 1,949 1,685
m Dividends
2007 2006
£m £m
On ordinary shares
Final dividend 791 730
Interim dividends 2,496 1,234
Dividends 3,287 1,964
These dividends are paid to enable Barclays PLC to fund its dividends to its shareholders and in 2007, to fund the repurchase by Barclays PLC of ordinary
share capital.
Dividends paid on preference shares amounted to £193m (2006: £174m). Dividends paid on other equity instruments as detailed in Note k amounted
to £152m (2006: £151m).
n Financial risks
The only significant financial instruments that are held by Barclays Bank PLC and not Barclays PLC are investments in Barclays PLC ordinary shares, dealt
with as trading portfolio equity assets and available for sale financial investments as appropriate.
There consequently are no significant differences in exposures to market risk, credit risk, liquidity risk and the fair value of financial instruments between
Barclays PLC and Barclays Bank PLC, and no differences in the manner in which these financial risks are managed. Therefore the disclosures regarding
financial risks appearing in Notes 45 to 48 are in all material respects the same for Barclays Bank PLC and Barclays PLC.
o Capital
The Barclays Bank PLC Group’s policies and objectives for managing capital are the same as those for the Barclays PLC Group, disclosed in Note 50.
The table below provides details under Basel I of the Barclays Bank PLC Group capital ratios and risk weighted assets at 31st December 2007 and 2006.
2007 2006
%%
Capital Ratios
Tier 1 ratio 7.5 7.5
Risk asset ratio 11.8 11.5
2007 2006
£m £m
Total risk weighted assets 353,471 297,833
The table below provides details of the regulatory capital resources of Barclays Bank PLC Group.
2007 2006
£m £m
Total qualifying Tier 1 capital 26,534 22,455
Total qualifying Tier 2 capital 17,123 14,036
Total deductions (1,889) (2,330)
Total net capital resources 41,768 34,161
Barclays PLC Annual Report 2007 277