Barclays 2010 Annual Report Download - page 237

31 Non-controlling interests
Profit attributable to
Non-controlling interests
Equity attributable to
Non-controlling interests
2010
£m
2009
£m
2010
£m
2009
£m
Barclays Bank PLC issued:
– Preference shares 478 477 5,933 5,933
– Reserve Capital Instruments 113 116 1,418 1,908
– Upper Tier 2 instruments 36586 586
Absa Group Limited 362 272 3,208 2,539
Other non-controlling interests 29 24 259 235
Total 985 895 11,404 11,201
The increase in Absa Group Limited non-controlling interest is attributed to £362m share of net profit and £436m upward foreign exchange movement,
partially offset by £138m dividend payment.
32 Investment in subsidiaries
Barclays Bank PLC is a wholly owned subsidiary of Barclays PLC and is the Group’s main licensed deposit taking institution under the Financial Services
and Markets Act. The consolidated results and financial position of Barclays Bank PLC and Barclays PLC are materially the same, with the key differences
being that, in accordance with IFRS:
– Barclays PLC shares held in employee share schemes and for trading purposes are deducted from reserves in Barclays PLC but recognised as available
for sale and trading portfolio assets within Barclays Bank PLC;
– Preference shares issued by Barclays Bank PLC are included within share capital and share premium in Barclays Bank PLC but represent non-
controlling interests in Barclays PLC; and
– Certain issuances of reserve capital instruments and capital notes by Barclays Bank PLC are included within other shareholders’ equity in Barclays
Bank PLC, but represent non-controlling interests in Barclays PLC.
The risk exposures and business performance for Barclays Bank PLC are materially the same as those in Barclays PLC.
The investment in Barclays Bank PLC is stated on the balance sheet of Barclays PLC at a cost of £21,429m (2009: £20,215m). The increase of £1,214m
(2009: £4,875m) during the year represents capital contributions of £1,214m (2009: £800m). There have been no additional shares (2009: £25m) or
non-cash contributions (2009: £4,050m) during the year.
Country of
registration or
incorporation Company name Nature of business
Percentage of
equity capital
held (%)
England Barclays Bank PLC Banking, holding company 100
Botswana Barclays Bank of Botswana Limited Banking 67.8*
Egypt Barclays Bank Egypt SAE Banking 100*
England Barclays Mercantile Business Finance Limited Loans and advances including leases to customers 100
England Barclays Bank Trust Company Limited Banking, securities industries and trust services 100
England Barclays Stockbrokers Limited Stockbroking 100
England Barclays Capital Securities Limited Securities dealing 100
England FIRSTPLUS Financial Group PLC Secured loan provider 100*
England Gerrard Investment Management Limited Investment management 100
Ghana Barclays Bank of Ghana Limited Banking 100*
Ireland Barclays Insurance (Dublin) Limited Insurance provider 100
Ireland Barclays Assurance (Dublin) Limited Insurance provider 100
Isle of Man Barclays Private Clients International Limited Banking 100*
Japan Barclays Capital Japan Limited Securities dealing 100
Jersey Barclays Private Bank & Trust Limited Banking, trust company 100
Kenya Barclays Bank of Kenya Limited Banking 68.5*
Russia Barclays Bank LLC Banking 100
South Africa Absa Group Limited Banking 55.5*
Spain Barclays Bank SA Banking 99.7*
Switzerland Barclays Bank (Suisse) S.A. Banking and trust services 100*
USA Barclays Capital Inc. Securities dealing 100
USA Barclays Delaware Holdings LLC Holding company for US credit card issuer 100*
USA Barclays Group US Inc. Holding company 100*
Zimbabwe Barclays Bank of Zimbabwe Limited Banking 67.7
In accordance with Section 410(2)(a) of the Companies Act 2006, the above information is provided solely in relation to principal subsidiaries.
The country of registration or incorporation is also the principal area of operation of each of the above subsidiaries. Investments in subsidiaries held
directly by Barclays Bank PLC are marked *.
Barclays PLC Annual Report 2010 www.barclays.com/annualreport10 235
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