Barclays 2009 Annual Report Download - page 254

252 Barclays PLC Annual Report 2009 www.barclays.com/annualreport09
Notes to the accounts
For the year ended 31st December 2009
continued
39 Discontinued operations
The disposed BGI business has been treated as a discontinued operation, the results of which are set out below. For the year ended 31st December 2009 the
results are for the 11 month period up to the date of disposal.
2009 2008 2007
£m £m £m
Net interest income 33 –12
Net fee and commission income 1,759 1,916 1,937
Net trading income/(loss) 67 (10) 5
Other income 410 2
Total income 1,863 1,916 1,956
Operating expenses excluding amortisation of intangible assets (1,123) (960) (1,095)
Amortisation of intangible assets (14) (15) (8)
Operating expenses (1,137) (975) (1,103)
Profit before tax from discontinued operations 726 941 853
Tax on discontinued operations (237) (337) (282)
Profit after tax from discontinued operations 489 604 571
Profit on disposal of discontinued operationsa6,331 ––
Tax on disposal (43) ––
Net profit on the disposal of the discontinued operation 6,288 – –
Profit after tax from discontinued operations, including gain on disposal 6,777 604 571
Other comprehensive income relating to discontinued operations is as follows:
2009 2008 2007
£m £m £m
Available for sale assets 10 (9) 1
Currency translation reserve (85) 133 11
Tax relating to components of other comprehensive income 17 (10) 14
Other comprehensive income, net of tax, from discontinued operations (58) 114 26
The cash flows attributable to the discontinued operations were as follows:
2009 2008 2007
£m £m £m
Cash flows from discontinued operations
Net cash flows from operating activities 333 524 773
Net cash flows from investing activities (25) (93) (248)
Net cash flows from financing activities (550) (362) (429)
Effects of exchange rates on cash and cash equivalents (134) 217 (13)
Net cash flows from discontinued operations (376) 286 83
Notes
aDetails of the profit on disposal are shown in Note 38.