Barclays 2010 Annual Report Download - page 208

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Notes to the financial statements
For the year ended 31st December 2010 continued
2 Net interest income
2010
£m
2009
£m
2008
£m
Cash and balances with central banks 271 131 174
Available for sale investments 1,483 1,9372,355
Loans and advances to banks 440 5131,267
Loans and advances to customers 17,677 18,456 23,754
Other interest income 164 199 460
Interest income 20,035 21,236 28,010
Deposits from banks (370) (634) (2,189)
Customer accounts (1,410) (2,716) (6,697)
Debt securities in issue (3,632) (3,889) (5,910)
Subordinated liabilities (1,778) (1,718) (1,349)
Other interest expense (322) (361) (396)
Interest expense (7,512) (9,318) (16,541)
Net interest income 12,523 11,918 11,469
Interest income includes £213m (2009: £185m, 2008: £135m) accrued on impaired loans.
Other interest income principally includes interest income relating to reverse repurchase agreements. Similarly, other interest expense principally includes
interest expense relating to repurchase agreements and hedging activity.
Included in net interest income is hedge ineffectiveness as detailed in Note 14.
3 Net fee and commission income
2010
£m
2009
£m
2008
£m
Fee and commission income
Banking and credit related fees and commissions 10,063 9,578 7,208
Brokerage fees 77 88 56
Investment management fees 79 133 120
Foreign exchange commission 149 147 189
Fee and commission income 10,368 9,946 7,573
Fee and commission expense (1,497) (1,528) (1,082)
Net fee and commission income 8,871 8,418 6,491
4 Net trading income
2010
£m
2009
£m
2008
£m
Trading income 7,017 8,139 (1,596)
Gain on foreign exchange dealings 670 682 1,272
Own credit gain/(charge) 391 (1,820) 1,663
Net trading income 8,078 7,001 1,339
Included within net trading income were gains of £32m (2009: £2,349m loss, 2008: £6,635m loss) on financial assets designated at fair value and
losses of £903m (2009: £3,158m loss, 2008: £3,328 gain) on financial liabilities designated at fair value.
The own credit adjustment arose on £96bn of Barclays Capital’s financial liabilities designated at fair value (2009: £86bn, 2008: £78bn).
206 Barclays PLC Annual Report 2010 www.barclays.com/annualreport10