Barclays 2009 Annual Report Download - page 325

www.barclays.com/annualreport09 Barclays PLC Annual Report 2009 323
l Non-controlling interests
2009 2008
£m £m
At beginning of year 2,372 1,949
Share of profit after tax 296 403
Dividend and other payments (132) (134)
Equity issued by subsidiaries –4
Available for sale reserve: net (loss)/gain from changes in fair value (12) (1)
Cash flow hedges: net (loss)/gain from changes in fair value (19) 76
Currency translation differences 285 59
Additions 9–
Disposals (91) (11)
Other 66 27
At end of year 2,774 2,372
m Dividends
2009 2008
£m £m
On ordinary shares
Final dividend –1,030
Interim dividends 103 130
Dividends 103 1,160
These dividends are paid to enable Barclays PLC to fund its dividends to its shareholders.
Dividends paid on preference shares amounted to £477m (2008: £390m). Dividends paid on other equity instruments as detailed in Note k amounted
to £122m (2008: £112m).
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, 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.
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 52.
The table below provides details of the Barclays Bank PLC Group at 31st December 2009 and 2008.
2009 2008
Basel II Basel II
£m £m
Total qualifying Tier 1 capital 49,722 37,101
Total qualifying Tier 2 capital 14,620 22,356
Total deductions (880) (964)
Total net capital resources 63,462 58,493
p Segmental 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 £26m (2008: £42m) between Barclays PLC and Barclays Bank PLC is included in Head office functions
and other operations; and
– the difference in total assets of £219m (2008: £49m) is represented by holdings of Barclays PLC shares held by the businesses.