Barclays 2015 Annual Report Download - page 222

220 I Barclays PLC Annual Report 2015 home.barclays/annualreport
Financial review
Consolidated summary income statement
For the year ended 31 December 2015
£m
2014
£m
2013 a
£m
2012
£m
2011
£m
Continuing operations
Net interest income 12,558 12,080 11,600 11,654 12,201
Non-interest income net of claims and benefits on insurance contracts 11,970 13,648 16,296 17,707 16,312
Adjusted total income net of insurance claims 24,528 25,728 27,896 29,361 28,513
Gain on US Lehman acquisition assets 496 461 259 – –
Own credit gain/(charge) 430 34 (220) (4,579) 2,708
Revision of ESHLA valuation methodology – (935) – – –
Gain/(loss) on disposal of BlackRock, Inc. investment – – – 227 (58)
Gains on debt buy-backs – – – – 1,130
Statutory total income net of insurance claims 25,454 25,288 27,935 25,009 32,292
Adjusted credit impairment charges and other provisions (2,114) (2,168) (3,071) (3,340) (3,802)
Impairment of BlackRock, Inc. investment – – – – (1,800)
Statutory credit impairment charges and other provisions (2,114) (2,168) (3,071) (3,340) (5,602)
Adjusted operating expenses (16,998) (18,069) (19,720) (18,562) (19,289)
Provisions for UK customer redress (2,772) (1,110) (2,000) (2,450) (1,000)
Provisions for ongoing investigations and litigation including Foreign Exchange (1,237) (1,250) (173) – –
Gain on valuation of a component of the defined retirement benefit liability 429 – – – –
Impairment of goodwill and other assets relating to businesses being disposed (96) – (79) – (597)
Losses on sale relating to the Spanish, Portuguese and Italian businesses (3) – – – –
Statutory operating expenses (20,677) (20,429) (21,972) (21,012) (20,886)
Adjusted other net (expenses)/income (13) 11 (24) 140 60
Losses on sale relating to the Spanish, Portuguese and Italian businesses (577) (446) – – –
Losses on acquisitions and disposals – – – – (94)
Statutory other net (expenses)/income (590) (435) (24) 140 (34)
Statutory profit before tax 2,073 2,256 2,868 797 5,770
Statutory taxation (1,450) (1,411) (1,571) (616) (1,902)
Statutory profit after tax 623 845 1,297 181 3,868
Statutory (loss)/profit attributable to equity holders of the parent (394) (174) 540 (624) 2,924
Statutory profit attributable to non-controlling interests 672 769 757 805 944
Statutory profit attributable to other equity holdersb345 250 – – –
623 845 1,297 181 3,868
Selected statutory financial statistics
Basic (loss)/earnings per share (1.9p) (0.7p) 3.8p (4.8p) 22.9p
Diluted (loss)/earnings per share (1.9p) (0.7p) 3.7p (4.8p) 21.9p
Dividends per ordinary share 6.5p 6.5p 6.5p 6.5p 6.0p
Return on average tangible shareholders’ equityb(0.7%) (0.3%) 1.2% (1.4%) 7.1%
Return on average shareholders’ equityb(0.6%) (0.2%) 1.0% (1.2%) 5.9%
Adjusted profit before tax 5,403 5,502 5,081 7,599 5,482
Adjusted taxation (1,690) (1,704) (2,029) (2,159) (1,299)
Adjusted profit after tax 3,713 3,798 3,052 5,440 4,183
Adjusted profit attributable to equity holders of the parent 2,696 2,779 2,295 4,635 3,239
Adjusted profit attributable to non-controlling interests 672 769 757 805 944
Adjusted profit attributable to other equity interestsb345 250 – – –
3,713 3,798 3,052 5,440 4,183
Selected adjusted financial statistics
Basic earnings per share 16.6p 17.3p 16.0p 35.5p 25.3p
Dividend payout ratio 39% 38% 41% 18% 24%
Return on average tangible shareholders’ equityb5.8% 5.9% 5.1% 10.6% 8.1%
Return on average shareholders’ equityb4.9% 5.1% 4.3% 9.0% 6.7%
The financial information above is extracted from the published accounts. This information should be read together with the information included in
the accompanying consolidated financial statements.
Notes
a 2013 adjusted total operating expenses and profit before tax have been revised to account for the reclassification of £173m of charges, relating to a US residential mortgage related
business settlement with the Federal Housing Finance Agency, to provisions for ongoing investigations and litigation including Foreign Exchange to aid comparability.
b The profit after tax attributable to other equity holders of £345m (2014: £250m) is offset by a tax credit recorded in reserves of £70m (2014: £54m). The net amount of £275m
(2014: £196m), along with non-controlling interests (NCI) is deducted from profit after tax in order to calculate earnings per share, return on average tangible shareholders’ equity
and return on average shareholders’ equity.