Barclays 2012 Annual Report Download - page 230

Barclays approach to disclosures
The Group aims to continually enhance its disclosures and their
usefulness to the readers of the financial statements in the light of
developing market practice and areas of focus.
In particular for 2012, the Group has considered the recommendations
of the Enhanced Disclosure Task Force (EDTF). The EDTF was formed
by the Financial Stability Board with a remit to broaden and deepen the
risk disclosures of global banks in a number of areas, including liquidity
and funding, credit risk and market risk.
In 2012 we have:
 a significantly expanded and more transparent remuneration report;
 sought to provide a clearer guide to the location of risk disclosures
across both the Annual Report and Pillar 3 report;
 streamlined risk reporting by separating quantitative risk exposures
and qualitative risk management policy disclosure into two sections;
 provided greater information on regulatory capital and RWAs;
 increased information on funding structure and levels of
encumbrance; and
 disclosed further information on the credit risk of loans subject to
forbearance.
BBA Code for Financial Reporting Disclosure
Barclays has adopted the BBA Code for Financial Reporting Disclosure
and has prepared the 2012 Annual Report and Accounts in compliance
with the Code. The British Bankers’ Association published a Code for
Financial Reporting Disclosure (the Code). The Code sets out five
disclosure principles together with supporting guidance. The principles
are that UK banks will:
 provide high quality, meaningful and decision-useful disclosures;
 review and enhance their financial instrument disclosures for key
areas of interest;
 assess the applicability and relevance of good practice
recommendations to their disclosures acknowledging the
importance of such guidance;
 seek to enhance the comparability of financial statement disclosures
across the UK banking sector; and
 clearly differentiate in their annual reports between information that
is audited and information that is unaudited.
Statutory Accounts
The consolidated accounts of Barclays PLC and its subsidiaries are set
out on pages 231-235 along with the accounts of Barclays PLC itself on
pages 236-237. The accounting policies and the Notes commencing on
page 238 apply equally to both sets of accounts unless otherwise stated.
barclays.com/annualreport228 I Barclays PLC Annual Report 2012
Presentation of information