Barclays 2015 Annual Report Download - page 77

home.barclays/annualreport Barclays PLC Annual Report 2015 I 75
Other statutory information
The Directors present their report together
with the audited accounts for the year ended
31 December 2015.
Other information that is relevant to the Directors’ Report, and which is
incorporated by reference into this report, can be located as follows:
Contents Page
Employee involvement 80
Policy concerning the employment of disabled persons 81
Financial instruments 272 to 294
Hedge accounting policy 262
Remuneration policy, including details of the remuneration
of each Director and Directors’ interests in shares 83 to 116
Corporate governance report 35 to 74
Risk review 117 to 215
Viability statement 27
Disclosures required pursuant to Listing Rule 9.8.4R can be found on the
following pages:
Page
Long-term incentive schemes 110
Director emoluments 337
Allotment for cash of equity securities 318
Waiver of dividends 75
Section 414A of the Companies Act 2006 requires the Directors to
present a Strategic Report in the Annual Report and Financial
Statements. The information can be found on pages 1 to 33.
The Company has chosen, in accordance with section 414C(11) of the
Companies Act 2006, and as noted in this Directors’ report, to include
certain matters in its Strategic Report that would otherwise be disclosed
in this Directors’ report.
An indication of likely future developments may be found in the Strategic
Report.
The particulars of important events affecting the Company since the
financial year end can be found in the Strategic Report and Note 29
Legal, competition and regulatory matters.
Profit and dividends
The adjusted profit for the financial year, after taxation, was £3,713m
(2014: £3,798m). Statutory profit after tax for 2015 was £623m (2014:
£845m). The final dividend for 2015 of 3.5p per share will be paid on
5 April 2016 to shareholders whose names are on the Register of
Members at the close of business on 11 March 2016. With the interim
dividends totalling 3p per ordinary share, paid in June, September and
December 2015, the total distribution for 2015 is 6.5p (2014: 6.5p) per
ordinary share. The interim and final dividends for 2015 amounted to
£1,081m (2014: £1,057m).
As at 31 December 2015, the distributable reserves of Barclays PLC
(the Parent Company) were £7,075m. As at 31 December 2015, the
distributable reserves of Barclays Bank PLC were £29,598m.
The nominee companies of certain Barclays’ employee benefit trusts
holding shares in Barclays in connection with the operation of the
Company’s share plans have lodged evergreen dividend waivers on
shares held by them that have not been allocated to employees. The
total amount of dividends waived during the year ended 31 December
2015 was £6.4m.
Shareholders may have their dividends reinvested in Barclays by joining
the Barclays PLC Scrip Dividend Programme (the Programme). At the
Barclays 2013 AGM, shareholders approved the introduction of the
Programme to replace the Barclays Dividend Reinvestment Plan. The
Programme enables shareholders, if they wish, to receive new fully-paid
ordinary shares in Barclays PLC instead of a cash dividend, without
incurring dealing costs or stamp duty.
Board of Directors
The names of the current Directors of Barclays PLC, along with their
biographical details, are set out on pages 36 and 37 and are
incorporated into this report by reference. Changes to Directors during
the year are set out below.
Name Role
Effective date of appointment/
resignation
Diane
Schueneman
Non-executive Director Appointed 25 June 2015
James (Jes) Staley Executive Director Appointed 1 December 2015
Sir Gerald (Gerry)
Grimstone
Non-executive Director Appointed 1 January 2016
Sir John
Sunderland
Non-executive Director Retired 23 April 2015
Sir David Walker Non-executive Director Retired 23 April 2015
Antony Jenkins Executive Director Resigned 16 July 2015
Sir Michael Rake Non-executive Director Retired 31 December 2015
John McFarlane succeeded Sir David Walker as Chairman of Barclays
with effect from the conclusion of the Barclays PLC AGM in April 2015.
John McFarlane held the position of Executive Chairman with effect from
17 July 2015 to 1 December 2015, when Jes Staley took up the position of
Group Chief Executive.
The Strategic Report Governance Risk review Financial review Financial statements Shareholder information