Barclays 2008 Annual Report Download - page 55

1
Business review
Barclays PLC Annual Report 2008 53
GRCB – Western Europe
2008 2007 2006
£m £m £m
Income statement information
Net interest income 856 527 436
Net fee and commission income 383 322 248
Net trading income 413 14
Net investment income 161 93 65
Principal transactions 165 106 79
Net premiums from insurance contracts 352 145 110
Other income 39 7 16
Total income 1,795 1,107 889
Net claims and benefits incurred under insurance contracts (365) (170) (138)
Total income net of insurance claims 1,430 937 751
Impairment charges (296) (76) (38)
Net income 1,134 861 713
Operating expenses excluding amortisation of intangible assets (915) (665) (542)
Amortisation of intangible assets (14) (8) (8)
Operating expenses (929) (673) (550)
Share of post-tax results of associates and joint ventures –– (1)
Profit on disposal of subsidiaries, associates and joint ventures –8–
Gain on acquisition 52 ––
Profit before tax 257 196 162
Balance sheet information
Loans and advances to customers £53.5bn £35.0bn £26.9bn
Customer accounts £15.3bn £9.4bn £6.8bn
Total assets £64.7bn £43.7bn £33.5bn
Performance ratios
Return on average economic capital 19% 11% 11%
Cost:income ratio 65% 72% 73%
Cost:net income ratio 82% 78% 77%
Other financial measures
Risk Tendency £270m £135m £90m
Economic profit £164m £16m £9m
Risk weighted assetsa£36.5bn £25.0bn £17.6bn
Note
aRisk weighted assets for 2008 and 2007 are calculated under Basel II. 2006 is calculated under Basel I.