Barclays 2012 Annual Report Download - page 238

Income statement
For the year ended 31 December 2012
£m
2011
£m
2010
£m
Dividends received from subsidiary 696 643 235
Other income 16 – –
Interest income 4 5 5
Management charge from subsidiary (5) (5) (5)
Profit before tax 711 643 235
Tax (4) – –
Profit after tax 707 643 235
Profit after tax and total comprehensive income for the year was £707m (2011: £643m; 2010: £235m). There were no other components of total
comprehensive income other than the profit after tax.
The Company had no staff during the year (2011: nil; 2010: nil).
Balance sheet
As at 31 December Notes
2012
£m
2011
£m
Assets
Cash and balances at central banks – 1
Investments in subsidiaries 38 21,429 21,429
Derivative financial instrumenta 422 –
Other assets 86 24
Total assets 21,937 21,454
Liabilities
Deposits from banks 409 –
Other liabilities 3 –
Total liabilities 412 –
Shareholders’ equity
Called up share capital 32 3,061 3,050
Share premium account 32 9,416 9,330
Capital redemption reserve 394 394
Retained earnings 8,654 8,680
Total shareholders’ equity 21,525 21,454
Total liabilities and shareholders’ equity 21,937 21,454
The financial statements on pages 236-311 were approved by the Board of Directors on 5 March 2013 and signed on its behalf by:
Sir David Walker
Group Chairman
Antony Jenkins
Group Chief Executive
Chris Lucas
Group Finance Director
Note
a The derivative financial instrument held by Barclays PLC (the Parent company) represents Barclays PLC’s right to receive a Capital Note for no additional
consideration, in the event the Barclays PLC consolidated Core Tier 1 (CT1) or Common Equity Tier 1 (CET1) ratio, as appropriate, falls below 7%, at which point the
notes are automatically assigned by the holders to Barclays PLC.
barclays.com/annualreport236 I Barclays PLC Annual Report 2012
Financial statements of Barclays PLC
Parent company accounts