Barclays 2013 Annual Report Download - page 101

Deferred bonuses awarded are expected to be charged to the income statement in the years outlined in the table that follows:
Year in which income statement charge is expected to be taken for deferred bonuses awarded to datea
Actual Expectedb
Year ended
31.12.12
£m
Year ended
31.12.13
£m
Year ended
31.12.14
£m
2015 and
beyond
£m
Barclays Group
Deferred bonuses from 2010 and earlier bonus pools 557 192 21 –
Deferred bonuses from 2011 bonus pool 666 429 157 25
Deferred bonuses from 2012 bonus pool – 526 299 155
Deferred bonuses from 2013 bonus pool – – 616 492
Income statement charge for deferred bonuses 1,223 1,147 1,093 672
Investment Bank
Deferred bonuses from 2010 and earlier bonus pools 517 178 19 –
Deferred bonuses from 2011 bonus pool 600 384 143 22
Deferred bonuses from 2012 bonus pool – 480 272 143
Deferred bonuses from 2013 bonus pool – – 570 452
Income statement charge for deferred bonuses 1,117 1,042 1,004 617
Bonus pool component Expected grant date Expected payment date(s)c
Year(s) in which income statement
charge arisesd
Current year cash bonus February 2014 February 2014 2013
Current year share bonus February/March 2014 February 2014 to September 2014 2013
Deferred cash bonus March 2014 March 2015 (33.3%) 2014 (48%)
March 2016 (33.3%) 2015 (35%)
March 2017 (33.3%) 2016 (15%)
2017 (2%)
Deferred share bonus March 2014 March 2015 (33.3%) 2014 (48%)
March 2016 (33.3%) 2015 (35%)
March 2017 (33.3%) 2016 (15%)
2017 (2%)
Notes
a The actual amount charged depends upon whether conditions have been met and will vary compared with the above expectation. Charges for deferred bonuses include amounts
for other incentives, such as commitments, which are awarded on a deferred basis.
b Does not include the impact of grants which will be made in 2014 and 2015.
c Payments are subject to all conditions being met prior to the expected payment date. In addition, employees receiving a deferred cash bonus may be awarded a service credit of
10% of the initial value of the award at the time that the final instalment is made, subject to continued employment.
d The income statement charge is based on the period over which conditions are met.
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