Barclays 2015 Annual Report Download - page 240

238 I Barclays PLC Annual Report 2015 home.barclays/annualreport
Financial review
Analysis of results by business
Barclays Non-Core – continued
2015
£m
2014
£m
2013 a
£m
Income statement information
Net interest income 249 214 307
Net trading income (805) 120 1,327
Net fee, commission and other income 765 1,026 983
Total income 209 1,360 2,617
Net claims and benefits incurred under insurance contracts (373) (310) (324)
Total income net of insurance claims (164) 1,050 2,293
Credit impairment charges and other provisions (78) (168) (900)
Net operating (expense)/income (242) 882 1,393
Operating expenses (873) (1,510) (1,929)
UK bank levy (78) (91) (109)
Litigation and conduct (148) (198) (96)
Costs to achieve (100) (212) (538)
Total operating expenses (1,199) (2,011) (2,672)
Other net expenses (18) (51) (110)
Loss before tax (1,459) (1,180) (1,389)
Attributable loss (1,523) (1,085) (1,783)
Balance sheet information
Loans and advances to banks and customers at amortised costb£45.9bn £63.9bn £81.9bn
Derivative financial instrument assets £210.3bn £285.4bn £239.3bn
Derivative financial instrument liabilities £198.7bn £277.1bn £228.3bn
Reverse repurchase agreements and other similar secured lendingc £2.4bn £49.3bn £104.7bn
Financial assets designated at fair valuec£20.1bn £22.2bn £19.5bn
Total assets £303.1bn £471.5bn £511.2bn
Customer deposits £14.9bn £21.6bn £29.3bn
Risk weighted assets £46.6bn £75.3bn £109.9bn
Leverage exposure £121.3bn £277.5bn n/a
Key facts
Number of employees (full time equivalent) 5,600 8,900 9,900
Performance measures
Return on average tangible equityd(5.1%) (5.4%) (9.3%)
Average allocated tangible equity £8.9bn £13.2bn £16.8bn
Return on average equityd(4.1%) (4.1%) (7.0%)
Average allocated equity £9.0bn £13.4bn £17.1bn
Period end allocated equity £7.2bn £11.0bn £15.1bn
Analysis of total income net of insurance claims £m £m £m
Businesses 613 1,101 1,498
Securities and loans (481) 117 642
Derivatives (296) (168) 153
Total income net of insurance claims (164) 1,050 2,293
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 litigations including Foreign Exchange to aid comparability.
b As at 31 December 2015 loans and advances included £35.2bn (2014: £51.6bn) of loans and advances to customers (including settlement balances of £0.2bn (2014: £1.6bn) and
cash collateral of £19.0bn (2014: £22.1bn)) and loans and advances to banks of £10.6bn (2014: £12.3bn) (including settlement balances of nil (2014: £0.3bn) and cash collateral of
£10.1bn (2014: £11.3bn)).
c During 2015, new reverse repurchase agreements and other similar secured lending in certain businesses have been designated at fair value to better align to the way the business
manages the portfolio’s risk and performance. Included within financial assets designated at fair value are reverse repurchase agreements designated at fair value of £1.4bn (2014:
£1.0bn).
d Return on average equity and average tangible equity for Barclays Non-Core represents its impact on the Group. This does not represent the return on average tangible equity of the
Non-Core business.