Barclays 2007 Annual Report Download - page 54

Financial review
Results by nature of income and expense
52 Barclays PLC Annual Report 2007
Staff numbers (continued)
2006/05
Total Group permanent and contract staff comprised 62,400 (2005: 59,100)
in the UK and 60,200 (2005: 54,200) internationally.
UK Banking staff numbers increased 1,500 to 42,600 (2005: 41,100),
primarily reflecting the inclusion in UK Retail Banking of mortgage
processing staff involved in activities previously outsourced.
Barclaycard staff numbers rose 800 to 8,500 (2005: 7,700), reflecting
growth of 400 in Barclaycard US and increases in operations and
customer-facing staff in the UK.
International Retail and Commercial Banking increased staff numbers
2,600 to 47,800 (2005: 45,200). International Retail and Commercial
Banking – excluding Absa increased staff numbers by 1,400 to 13,900
(2005: 12,500), mainly due to growth in continental Europe and Africa.
International Retail and Commercial Banking – Absa increased staff
numbers by 1,200 to 33,900 (2005: 32,700), reflecting continued growth
in the business.
Barclays Capital staff numbers increased 3,300 during 2006 to 13,200
(2005: 9,900) and included 1,300 from the acquisition of HomEq.
Organic growth was broadly based across all regions and reflected further
investments in the front office, systems development and control
functions to support continued business expansion.
Barclays Global Investors increased staff numbers 400 to 2,700
(2005: 2,300) spread across regions, product groups and support
functions, reflecting continued investment to support strategic initiatives.
Barclays Wealth staff numbers rose 400 to 6,600 (2005: 6,200) to support
the continued expansion of the business, including increased hiring of
client-facing staff.
Head office functions and other operations staff numbers grew 300 to
1,200 (2005: 900) primarily reflecting the centralisation of functional
activity and the increased regulatory environment and audit demands
as a result of the expansion of business areas.
Share of post-tax results of associates and joint ventures
2007 2006 2005
£m £m £m
Profit from associates 33 53 53
Profit/(loss) from joint ventures 9(7) (8)
Share of post-tax results of
associates and joint ventures 42 46 45
2007/06
The overall share of post-tax results of associates and joint ventures
decreased £4m to £42m (2006: £46m). The share of results from
associates decreased £20m mainly due to the sale of FirstCaribbean
International Bank (2006: £41m) at the end of 2006, partially offset by
an increased contribution from private equity associates. The share of
results from joint ventures increased by £16m mainly due to the
contribution from private equity entities.
2006/05
The share of post-tax results of associates and joint ventures increased
2% (£1m) to £46m (2005: £45m).
Of the £46m share of post-tax results of associates and joint ventures,
FirstCaribbean International Bank contributed £41m (2005: £37m).
Profit on disposal of subsidiaries, associates and joint ventures
2007 2006 2005
£m £m £m
Profit on disposal of subsidiaries,
associates and joint ventures 28 323 –
2007/06
The profit on disposal in 2007 relates mainly to the disposal of the Group’s
shareholdings in Gabetti Property Solutions (£8m) and Intelenet Global
Services (£13m).
2006/05
The profit on disposal of subsidiaries, associates and joint ventures includes
£247m profit on disposal of FirstCaribbean International Bank and £76m
from the sale of interests in vehicle leasing and vendor finance businesses.