Barclays 2008 Annual Report Download - page 314

312 Barclays PLC Annual Report 2008 |Find out more at www.barclays.com/annualreport08
nMinority interests
2008 2007
£m£m
At beginningofyear 1,949 1,685
Share of profit after tax 403 377
Dividend and other payments (134) (131)
Equity issued by subsidiaries 4137
Available for sale reserve: net (loss)/gain from changes in fair value (1) 1
Cash flow hedges: net gain/(loss) from changes in fair value 76 (16)
Currency translation differences 59 16
Additions –27
Disposals (11) (111)
Other 27 (36)
At endofyear 2,372 1,949
o Dividends
2008 2007
£m£m
On ordinary shares
Final dividend 1,030 791
Interim dividends 130 2,496
Dividends 1,160 3,287
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 £390m (2007: £193m). Dividends paid on other equity instruments as detailed in Notemamounted
to £112m (2007: £152m).
p 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, debt securities 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 46 to 49 are in all material respects the same for Barclays Bank PLC and Barclays PLC.
qCapital
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 52.
The table below provides details of the Barclays Bank PLC Group at 31st December 2008 and 2007.
2008 2007
BaselII Basel I
£m£m
Total qualifyingTier 1 capital 37,101 26,534
Total qualifyingTier 2 capital 22,356 17,123
Total deductions (964) (1,889)
Total netcapital resources 58,493 41,768
rSegmental reporting
Segmental reporting by Barclays Bank PLC is the same as that presented in Note 53 to the Barclays PLC financial statements, except for:
– the difference in profit before tax of £42m (2007: £31m) between Barclays PLC and Barclays Bank PLC is included in Head office functions
and other operations.
– the difference in total assets of £49m (2007: £222m) is represented by holdings of Barclays PLC shares held by the businesses.
Barclays Bank PLC data
Notes to the accounts