Barclays 2011 Annual Report Download - page 175

Financial review
Analysis of results by business
Segmental analysis (audited)
Analysis of results by business
(audited) UK RBB
£m
Europe RBB
£m
Africa RBB
£m
Barclaycard
£m
Barclays
Capital
£m
Barclays
Corporate
£m
Barclays
Wealth
£m
Investment
Management
£m
Head Office
Functions
and Other
Operations
£m
Total
£m
As at 31 December 2011
Total income net of insurance
claimsa
4,656 1,226 3,767 4,095 10,335 2,912 1,744 53 3,504 32,292
Credit impairment charges and
other provisions
(536) (261) (464) (1,259) (93) (1,149) (41) – 1 (3,802)
Impairment of investment in
BlackRock, inc.
–––––––(1,800) – (1,800)
Operating expensesb,c,d (3,102) (1,638) (2,399) (2,306) (7,289) (1,762) (1,493) (15) (773) (20,777)
Other income/(losses)e2 12 6 31 12 (71) (3) – (23) (34)
Profit/(loss) before tax from
continuing operations
1,020 (661) 910 561 2,965 (70) 207 (1,762) 2,709 5,879
Total assets 127,845 51,310 50,759 33,838 1,158,350 88,674 20,866 4,066 27,819 1,563,527
As at 31 December 2010
Total income net of insurance
claimsa
4,518 1,164 3,700 4,024 13,209 2,974 1,560 78 213 31,440
Credit impairment charges and
other provisions
(819) (314) (562) (1,688) (543) (1,696) (48) – (2) (5,672)
Operating expensesb,c,d (2,809) (1,033) (2,418) (1,570) (8,295) (1,907) (1,349) (11) (579) (19,971)
Other income/(losses)e99 44 84 25 18 (2) – – – 268
Profit/(loss) before tax from
continuing operations
989 (139) 804 791 4,389 (631) 163 67 (368) 6,065
Total assets 121,590 53,609 60,264 30,324 1,094,799 85,735 17,849 4,612 20,863 1,489,645
As at 31 December 2009
Total income net of insurance
claimsa
4,276 1,318 3,292 4,041 13,445 3,181 1,322 40 (1,792) 29,123
Credit impairment charges and
other provisions
(1,031) (338) (688) (1,798) (2,591) (1,558) (51) – (16) (8,071)
Operating expensesb,c,d (2,538) (887) (1,989) (1,527) (6,592) (1,466) (1,129) (17) (570) (16,715)
Other income/(losses)e3 187 17 11 22 – 1 (1) 8 248
Profit/(loss) before tax from
continuing operations
710 280 632 727 4,284 157 143 22 (2,370) 4,585
Total assets 109,327 51,027 53,658 30,274 1,019,120 88,798 14,889 5,406 6,430 1,378,929
Notes
a The impact of own credit movements in the fair value of structured note issuance of £2,708m (2010: £391m; 2009: loss of £1,820m) is now included within the results of Head Office
Functions and Other Operations, rather than Barclays Capital. This reflects the fact that these fair value movements relate to the credit worthiness of the issuer as a whole, rather than
Barclays Capital in particular, and are not included within any assessment of Barclays Capital’s underlying performance. Furthermore, delays to planned changes in accounting standards
will mean own credit movements are likely to continue to be reflected in the income statement for the foreseeable future.
b The UK bank levy of £325m (2010: £nil, 2009: £nil) is reported under Head Office and Other Operations.
c The provision for PPI redress of £1,000m is reported under UK RBB £400m (2010: £nil, 2009: £nil) and Barclaycard £600m (2010: £nil, 2009: £nil).
d The impairment of goodwill of £597m (2010: £243m, 2009: £1m) relates to Europe RBB £427m (2010: £nil, 2009: £nil), Barclays Corporate £123m (2010: £243m, 2009: £1m) and
Barclaycard £47m (2010: £nil, 2009: £nil).
e Other income/(losses) represents: share of post-tax results of associates and joint ventures; profit or (loss) on disposal of subsidiaries, associates and joint ventures; and gains on
acquisitions.
All disclosures in this section are unaudited unless otherwise stated
Barclays PLC Annual Report 2011 www.barclays.com/annualreport 173
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