UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549


FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

July, 2008
 

Barclays PLC and
Barclays Bank PLC
(Names of Registrants)
 

1 Churchill Place
London E14 5HP
England
(Address of Principal Executive Offices)
 
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
 
      
Form 20-F x     Form 40-F
 
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
     
Yes     No x
 
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):
 

This Report is a joint Report on Form 6-K filed by Barclays PLC and Barclays
Bank PLC. All of the issued ordinary share capital of Barclays Bank PLC is
owned by Barclays PLC.
 
This Report comprises:
 
Information given to The London Stock Exchange and furnished pursuant to
General Instruction B to the General Instructions to Form 6-K.
 
 

EXHIBIT INDEX
 

        
Group Reporting Changes in 2008 dated July 22, 2008

 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 

         
                                                     BARCLAYS PLC
                                                     (Registrant)

 

Date: July 22, 2008
 

       By:   /s/ Patrick Gonsalves
                                                         ----------------------
                                                         Patrick Gonsalves
                                                         Deputy Secretary

                                                     BARCLAYS BANK PLC
                                                     (Registrant)
 

 



 

Date: July 22, 2008

                      By:   /s/ Patrick Gonsalves
                                                         ----------------------
                                                         Patrick Gonsalves
                                                         Joint Secretary

 

 

 

 

 

22nd July 2008

 

 

BARCLAYS PLC
 

GROUP REPORTING CHANGES IN 2008

Barclays PLC today announces the impact of certain changes in Group structure and reporting on 2007 and 2006 results. The restatements have no impact on the Group Income Statement or Balance Sheet. The 2007 and 2006 results for the businesses impacted are restated on pages 2 to 33 to show the effect of these changes. These changes reflect the adoption of IFRS 8 “Operating Segments” which has been early adopted as at 1st January 2008.

Group structure changes – effective 1st January 2008.

The businesses previously managed and reported as International Retail and Commercial Banking – excluding Absa are now reported and managed separately as Global Retail and Commercial Banking – Western Europe and Global Retail and Commercial Banking – Emerging Markets going forward.

Barclays Commercial Bank. The Marine Finance business, previously part of Barclaycard, is now managed and reported within Barclays Commercial Bank.

Barclaycard. The Absa credit card portfolio, previously part of International Retail and Commercial Banking – Absa is now managed and reported within Barclaycard. Certain credit card portfolios previously part of Barclaycard are now managed and reported as part of Global Retail and Commercial Banking – Western Europe. The Marine Finance business, previously part of Barclaycard is now managed and reported within Barclays Commercial Bank.

Global Retail and Commercial Banking - Western Europe. Certain credit card portfolios previously part of Barclaycard are now managed and reported as part of Global Retail and Commercial Banking – Western Europe.

International Retail and Commercial Banking – Absa. This business will be known going forward as Global Retail and Commercial Banking – Absa. The Absa credit card portfolio previously part of Global Retail and Commercial Banking – Absa is now managed and reported within Barclaycard.

Certain expenses, assets and staff previously reported within International Retail and Commercial Banking – excluding Absa have been allocated across UK Retail Banking, Barclays Commercial Bank , Barclaycard , Global Retail and Commercial Banking – Western Europe, Global Retail and Commercial Banking – Emerging Markets and Global Retail and Commercial Banking – Absa.

Certain pension assets and liabilities have been reclassified from Head Office and Other Operations to the other businesses in the Group.

UK Banking which previously reflected UK Retail Banking and Barclays Commercial Bank combined is no longer reported as a separate segment.

The structure remains unchanged for Barclays Capital, Barclays Global Investors, Barclays Wealth and Head Office and Other Operations.

For further information please contact:

 


Investor Relations
Media Relations
Mark Merson/
John McIvor
Alistair Smith
/Robin Tozer
+44 (0) 20 7116 5752/
2929
+44 (0) 20 7116 6
132
/
6
586



The information in this announcement does not comprise statutory accounts within the meaning of Section 240 of the Companies Act 1985 (the 'Act'). Statutory accounts for the years ended 31st December 2007 and 31st December 2006 which also include certain information required for the joint Annual Report on Form 20-F of Barclays PLC and Barclays Bank PLC to the US Securities and Exchange Commission, have been delivered to the Registrar of Companies in accordance with Section 242 of the Act and the group's auditors have reported on those accounts and have given an unqualified report which does not contain a statement under Section 237(2) or (3) of the Act.
 
 
 
Business analysis of profit before tax net of restatements




Group





    
2007 as

structure

2007

2006

published

changes

restated

restated
 
£m

£m

£m

£m
UK
 Retail Banking 
1,282

(7)

1,275

1,181
Barclays Commercial Bank
1,371

(14)

1,357

1,362
Barclaycard
540

63

603

522
IRCB - ex Absa
246

(246)

-

-
GRCB - Absa
689

(92)

597

609
GRCB - 
Western Europe
-

196

196

162
GRCB - Emerging Markets
-

100

100

384
Barclays Capital
2,335

-

2,335

2,216
Barclays Global Investors
734

-

734

714
Barclays Wealth
307

-

307

245
Head office functions and other operations
(428)

-

(428)

(259)
Profit before tax
7,076

-

7,076

7,136



















 
 
UK
 Retail Banking




Group





    
2007 as

structure

    
2007 as

    
200
6
 as

published

changes

restated

restated

£m

£m

£m

£m
Net interest income
  
 
2,858

-

2,858

2,765
Net fee and commission income
1,183

-

1,183

1,232
Net premiums from insurance contracts
252

-

252

342
Other income
47

-

47

42
Total income
4,340

-

4,340

4,381
Net claims and benefits incurred under insurance contracts
(43)

-

(43)

(35)
Total income net of insurance claims
4,297

-

4,297

4,346
Impairment charges 
(559)

-

(559)

(635)
Net income
3,738

-

3,738

3,711
Operating expenses excluding amortisation of intangible assets
(2,455)

(6)

(2,461)

(2,531)
Amortisation of intangible assets
(8)

(1)

(9)

(1)
Operating expenses 
(2,463)

(7)

(2,470)

(2,532)
Share of post-tax results of associates and joint ventures
7

-

7

2
Profit before tax
1,282

(7)

1,275

1,181








Balance Sheet Information







Loans and advances to customers
£82.0bn



£82.0bn

£74.7bn
Customer accounts
£87.1bn



£87.1bn

£82.3bn
Total assets
£87.8bn



£88.5bn

£81.7bn








Performance Ratios







Return on average economic capital
28%



28%

28%
Cost:income ratio
1
57%



57%

58%
Cost:net income ratio
2
66%



66%

68%








Other Financial Measures







Risk Tendency
£470m



£470m

£500m
Economic profit
£622m



£617m

£590m
Risk weighted assets (
Basel
 I)
£46.0bn



£46.1bn

£43.0bn
Risk weighted assets (Basel II)
£30.5bn



£30.5bn

-








Staff Numbers
 
32,800



32,800

34,500















1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Barclays Commercial
 Bank




Group





    
2007 as

structure

    
2007 as

    
200
6
 as

published

changes

restated

restated

£m

£m

£m

£m
Net interest income  
1,738

9

1,747

1,710
Net fee and commission income
749

1

750

643
Net trading income
9

-

9

2
Net investment income
47

-

47

28
Principal transactions
56

-

56

30
Other income
11

-

11

21
Total income
2,554

10

2,564

2,404
Impairment charges 
(290)

(2)

(292)

(253)
Net income
2,264

8

2,272

2,151
Operating expenses excluding amortisation of intangible assets
(903)

(21)

(924)

(867)
Amortisation of intangible assets
(4)

(1)

(5)

(1)
Operating expenses 
(907)

(22)

(929)

(868)
Share of post-tax results of associates and joint ventures
-

-

-

3
Profit on disposal of subsidiaries, associates and joint ventures
14

-

14

76
Profit before tax
1,371

(14)

1,357

1,362








Balance Sheet Information







Loans and advances to customers
£63.3bn



£63.7bn

£56.6bn
Customer accounts
£60.8bn



£60.8bn

£57.4bn
Total assets
£73.9bn



£74.6bn

£66.2bn








Performance Ratios







Return on average economic capital
30%



30%

36%
Cost:income ratio
1
36%



36%

36%
Cost:net income ratio
2
40%



41%

40%








Other Financial Measures







Risk Tendency
£305m



£305m

£300m
Economic profit
£650m



£635m

£729m
Risk weighted assets (
Basel
 I)
£53.8bn



£54.3bn

£50.3bn
Risk weighted assets (Basel II)
£61.7bn



£62.1bn

-








Staff Numbers
8,400



9,200

*
8,100



*
In the second half of 2007 certain operations personnel were
 transferred from UK Retail Banking to Barclays Commercial Bank
. The Staff numbers of 8,100 as at 
31st December 2007 
do not include 900 such personnel.







1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Barclaycard




Group





    
2007 as

structure

    
2007 as

    
200
6
 as

published

changes

restated

restated

£m

£m

£m

£m
Net interest income  
1,394

(20)

1,374

1,363
Net fee and commission income
1,080

63

1,143

1,183
Net investment income
11

-

11

20
Net premiums from insurance contracts
40

-

40

18
Other income
(26)

1

(25)

-
Total income
2,499

44

2,543

2,584
Net claims and benefits incurred under insurance contracts
(13)

-

(13)

(8)
Total income net of insurance claims
2,486

44

2,530

2,576
Impairment charges 
(838)

11

(827)

(1,053)
Net income
1,648

55

1,703

1,523
Operating expenses excluding amortisation of intangible assets
(1,073)

16

(1,057)

(969)
Amortisation of intangible assets
(28)

(8)

(36)

(24)
Operating expenses 
(1,101)

8

(1,093)

(993)
Share of post-tax results of associates and joint ventures
(7)

-

(7)

(8)
Profit before tax
540

63

603

522








Balance Sheet Information







Loans and advances to customers
£20.1bn



£19.7bn

£18.1bn
Total assets
£22.2bn



£22.1bn

£20.0bn








Performance Ratios







Return on average economic capital
19%



20%

19%
Cost:income ratio
1
44%



43%

39%
Cost:net income ratio
2
67%



64%

65%








Other Financial Measures







Risk Tendency
£945m



£955m

£1,090m
Economic profit
£183m



£213m

£183m
Risk weighted assets (
Basel
 I)
£19.9bn



£19.7bn

£16.9bn
Risk weighted assets (Basel II)
£22.4bn



£22.5bn

-








Staff Numbers
7,800



8,900

9,100





















1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
International Retail and Commercial Banking - excluding Absa




Group





    
2007 as

structure

    
2007 as

    
200
6
 as

published

changes

restated

restated

£m

£m

£m

£m
Net interest income  
753

(753)

-

-
Net fee and commission income
425

(425)

-

-
Net trading income
68

(68)

-

-
Net investment income
109

(109)

-

-
Principal transactions
177

(177)

-

-
Net premiums from insurance contracts
145

(145)

-

-
Other income
9

(9)

-

-
Total income
1,509

(1,509)

-

-
Net claims and benefits incurred under insurance contracts
(170)

170

-

-
Total income net of insurance claims
1,339

(1,339)

-

-
Impairment charges 
(79)

79

-

-
Net income
1,260

(1,260)

-

-
Operating expenses excluding amortisation of intangible assets
(1,007)

1,007

-

-
Amortisation of intangible assets
(16)

16

-

-
Operating expenses 
(1,023)

1,023

-

-
Share of post-tax results of associates and joint ventures
1

(1)

-

-
Profit on disposal of subsidiaries, associates and joint ventures
8

(8)

-

-
Profit before tax
246

(246)

-

-








Balance Sheet Information







Loans and advances to customers
£39.3bn



-

-
Customer accounts
£15.7bn



-

-
Total assets
£52.2bn



-

-








Performance Ratios







Return on average economic capital
11%



-

-
Cost:income ratio
1
76%



-

-
Cost:net income ratio
2
81%



-

-








Other Financial Measures







Risk Tendency
£220m



-

-
Economic profit
£20m



-

-
Risk weighted assets (
Basel
 I)
£29.7bn



-

-
Risk weighted assets (Basel II)
£34.6bn



-

-








Staff Numbers
22,100



-

-
















1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Global
 Retail and Commercial Banking -
 
Absa 

 


Group




 
    
2007 as

structure

    
2007 as

    
200
6
 as
 
published

changes

restated

restated
 
£m

£m

£m

£m
Net interest income  
1,137

(82)

1,055

983
Net fee and commission income
785

(101)

684

754
Net trading income/(loss)
1

(1)

-

(11)
Net investment income
70

-

70

117
Principal transactions
71

(1)

70

106
Net premiums from insurance contracts
227

-

227

240
Other income
78

(1)

77

54
Total income
2,298

(185)

2,113

2,137
Net claims and benefits incurred under insurance contracts
(114)

-

(114)

(106)
Total income net of insurance claims
2,184

(185)

1,999

2,031
Impairment charges 
(173)

27

(146)

(112)
Net income
2,011

(158)

1,853

1,919
Operating expenses excluding amortisation of intangible assets
(1,272)

60

(1,212)

(1,250)
Amortisation of intangible assets
(61)

6

(55)

(69)
Operating expenses 
(1,333)

66

(1,267)

(1,319)
Share of post-tax results of associates and joint ventures
6

-

6

9
Profit on disposal of subsidiaries, associates and joint ventures
5

-

5

-
Profit before tax
689

(92)

597

609
 







Balance Sheet Information







Loans and advances to customers
£30.8bn



£29.9bn

£23.5bn
Customer accounts
£13.1bn



£13.0bn

£10.9bn
Total assets
£37.3bn



£36.4bn

£29.6bn
 







Performance Ratios







Return on average economic capital
23%



20%

29%
Cost:income ratio
1
61%



63%

65%
Cost:net income ratio
2
66%



68%

69%
 







Other Financial Measures







Risk Tendency
£255m



£190m

£130m
Economic profit
£130m



£98m

£138m
Risk weighted assets (
Basel
 I)
£23.6bn



£22.4bn

£19.8bn
Risk weighted assets (Basel II)
£18.3bn



£17.2bn

-








Staff Numbers
36,200



35,800

33,000









1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Global Retail and Commercial Banking - 
Western Europe

 


Group




 
    
2007 as

structure

    
2007 as

    
200
6
 as
 
published

changes

restated

restated
 
£m

£m

£m

£m
Net interest income  
-

527

527

436
Net fee and commission income
-

322

322

248
Net trading income
-

13

13

14
Net investment income
-

93

93

65
Principal transactions
-

106

106

79
Net premiums from insurance contracts
-

145

145

110
Other income
-

7

7

16
Total income
-

1,107

1,107

889
Net claims and benefits incurred under insurance contracts
-

(170)

(170)

(138)
Total income net of insurance claims
-

937

937

751
Impairment charges 
-

(76)

(76)

(38)
Net income
-

861

861

713
Operating expenses excluding amortisation of intangible assets
-

(665)

(665)

(542)
Amortisation of intangible assets
-

(8)

(8)

(8)
Operating expenses 
-

(673)

(673)

(550)
Share of post-tax results of associates and joint ventures
-

-

-

(1)
Profit on disposal of subsidiaries, associates and joint ventures
-

8

8

-
Profit before tax
-

196

196

162
 







Balance Sheet Information







Loans and advances to customers
-



£35.0bn

£26.9bn
Customer accounts
-



£9.4bn

£6.8bn
Total assets
-



£43.7bn

£33.5bn
 







Performance Ratios







Return on average economic capital
-



11%

11%
Cost:income ratio
1
-



72%

73%
Cost:net income ratio
2
-



78%

77%
 







Other Financial Measures







Risk Tendency
-



£135m

£90m
Economic profit
-



£16m

£9m
Risk weighted assets (
Basel
 I)
-



£24.5bn

£17.6bn
Risk weighted assets (Basel II)




£25.1bn

-








Staff Numbers
-



8,800

6,600
 















1
  
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
 
2
  
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Global Retail and Commercial Banking - Emerging Markets

 


Group




 
    
2007 as

structure

    
2007 as

    
200
6
 as
 
published

changes

restated

restated
 
£m

£m

£m

£m
Net interest income  
-

319

319

246
Net fee and commission income
-

140

140

141
Net trading income
-

56

56

3
Net investment income
-

16

16

1
Principal transactions
-

72

72

4
Net premiums from insurance contracts
-

-

-

1
Other income
-

2

2

4
Total income
-

533

533

396
Net claims and benefits incurred under insurance contracts
-

-

-

-
Total income net of insurance claims
-

533

533

396
Impairment charges 
-

(39)

(39)

(30)
Net income
-

494

494

366
Operating expenses excluding amortisation of intangible assets
-

(391)

(391)

(269)
Amortisation of intangible assets
-

(4)

(4)

(1)
Operating expenses 
-

(395)

(395)

(270)
Share of post-tax results of associates and joint ventures
-

1

1

41
Profit on disposal of subsidiaries, associates and joint ventures
-

-

-

247
Profit before tax
-

100

100

384
 







Balance Sheet Information







Loans and advances to customers
-



£5.1bn

£2.7bn
Customer accounts
-



£6.2bn

£4.2bn
Total assets
-



£9.2bn

£5.2bn
 







Performance Ratios







Return on average economic capital
-



15%

103%
Cost:income ratio
1
-



74%

68%
Cost:net income ratio
2
-



80%

74%
 







Other Financial Measures







Risk Tendency
-



£140m

£35m
Economic profit
-



£26m

£308m
Risk weighted assets (
Basel
 I)
-



£6.1bn

£3.3bn
Risk weighted assets (Basel II)




£10.2bn

-








Staff Numbers
-



11,800

7,600








1
  
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
  
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Barclays Capital

 


Group




 
    
2007 as

structure

    
2007 as

    
200
6
 as
 
published

changes

restated

published
 
£m

£m

£m

£m
Net interest income  
1,179

-

1,179

1,158
Net fee and commission income
1,235

-

1,235

952
Net trading income
3,739

-

3,739

3,562
Net investment income
953

-

953

573
Principal transactions
4,692

-

4,692

4,135
Other income
13

-

13

22
Total income
7,119

-

7,119

6,267
Impairment charges and other credit provisions
(846)

-

(846)

(42)
Net income
6,273

-

6,273

6,225
Operating expenses excluding amortisation of intangible assets
(3,919)

-

(3,919)

(3,996)
Amortisation of intangible assets
(54)

-

(54)

(13)
Operating expenses 
(3,973)

-

(3,973)

(4,009)
Share of post-tax results of associates and joint ventures
35

-

35

-
Profit before tax
2,335

-

2,335

2,216
 







Balance Sheet Information







Total assets
£839.7bn



£839.9bn

£657.9bn








Performance Ratios







Return on average economic capital
33%



33%

41%
Cost:income ratio
1
56%



56%

64%
Cost:net income ratio
2
63%



63%

64%








Other Financial Measures







Risk Tendency
£140m



£140m

£95m
Economic profit
£1,172m



£1,172m

£1,181m
Risk weighted assets (
Basel
 I)
£169.1bn



£169.1bn

£137.6bn
Risk weighted assets (Basel II)
£173.0bn



£173.0bn

-
Average DVaR
£42.0m



£42.0m

£37.1m
Average net income generated per member of staff ('000)
£466



£466

£575
Corporate lending portfolio
£52.3bn



£52.3bn

£40.6bn








Staff Numbers
16,200



16,200

13,200













1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Barclays Global Investors




Group





    
2007 as

structure

    
2007 as

    
200
6
 as

published

changes

published

published

£m

£m

£m

£m
Net interest (expense)/income
(8)

-

(8)

10
Net fee and commission income
1,936

-

1,936

1,651
Net trading income
5

-

5

2
Net investment (expense)/income
(9)

-

(9)

2
Principal transactions
(4)

-

(4)

4
Other Income
2

-

2

-
Total income
1,926

-

1,926

1,665
Operating expenses excluding amortisation of intangible assets
(1,184)

-

(1,184)

(946)
Amortisation of intangible assets
(8)

-

(8)

(5)
Operating expenses
(1,192)

-

(1,192)

(951)
Profit before tax
734

-

734

714








Balance Sheet Information







Total assets
£89.2bn



£89.2bn

£80.5bn








Performance Ratios







Return on average economic capital
241
%



241%

228%
Cost:income ratio
1
62
%



62%

57%








Other Financial Measures







Economic profit
£430m



£430m

£376m
Risk weighted assets (
Basel
 I)
£2.0bn



£2.0bn

£1.4bn
Risk weighted assets (Basel II)
£4.3bn



£4.3bn

-
Average income generated per member of staff ('000)
£631



£631

£666








Staff Numbers
3,400



3,400

2,700























1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
 
 
Barclays Wealth

 


Group




 
    
2007 as

structure

    
2007 as

    
200
6
 as
 
published

changes

restated

published
 
£m

£m

£m

£m
Net interest income  
431

-

431

392
Net fee and commission income
739

-

739

674
Net trading income
3

-

3

2
Net investment income
52

-

52

154
Principal transactions
55

-

55

156
Net premiums from insurance contracts
195

-

195

210
Other income
19

-

19

16
Total income
1,439

-

1,439

1,448
Net claims and benefits incurred under insurance contracts
(152)

-

(152)

(288)
Total income net of insurance claims
1,287

-

1,287

1,160
Impairment charges 
(7)

-

(7)

(2)
Net income
1,280

-

1,280

1,158
Operating expenses excluding amortisation of intangible assets
(967)

-

(967)

(909)
Amortisation of intangible assets
(6)

-

(6)

(4)
Operating expenses 
(973)

-

(973)

(913)
Profit before tax
307

-

307

245
 







Balance Sheet Information







Loans and advances to customers
£9.0bn



£9.0bn

£6.2bn
Customer accounts
£34.4bn



£34.4bn

£28.3bn
Total assets
£18.0bn



£18.2bn

£15.0bn
 







Performance Ratios







Return on average economic capital
51%



51%

40%
Cost:income ratio
1
76%



76%

79%
 







Other Financial Measures







Risk Tendency
£10m



£10m

£10m
Economic profit
£233m



£233m

£130m
Risk weighted assets (
Basel
 I)
£7.7bn



£7.7bn

£6.1bn
Risk weighted assets (Basel II)
£8.0bn



£8.0bn

-
Average income generated per member of staff
£188



£188

£181
 







Staff Numbers
6,900



6,900

6,600













1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Head Office Functions
 and Other Operations




Group





    
2007 as

structure

    
2007 as

    
200
6
 as

published

changes

restated

published

£m

£m

£m

£m
Net interest income
128

-

128

80
Net fee and commission income
(424)

-

(424)

(301)
Net trading (loss)/income
(66)

-

(66)

40
Net investment (expense)/income
(17)

-

(17)

2
Principal transactions
(83)

-

(83)

42
Net premiums from insurance contracts
152

-

152

139
Other income
35

-

35

39
Total income
(192)

-

(192)

(1)
Impairment (charges)/releases
(3)

-

(3)

11
Net income
(195)

-

(195)

10
Operating expenses excluding amortisation of intangible assets
(233)

-

(233)

(259)
Amortisation of intangible assets
(1)

-

(1)

(10)
Operating expenses
(234)

-

(234)

(269)
Profit on disposal of associates and joint ventures
1

-

1

-
Loss before tax
(428)

-

(428)

(259)








Balance Sheet Information







Total assets
£7.1bn



£5.7bn

£7.1bn








Performance Ratios







Risk Tendency
£10m



£10m

£10m
Risk weighted assets (
Basel
 I)
£1.6bn



£1.6bn

£1.9bn
Risk weighted assets (Basel II)
£1.1bn



£1.1bn

-








Staff Numbers
1,100



1,100

1,200























1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Risk Weighted Assets
 (
Basel
 I)




Group





    
2007 as

structure

    
2007 as

    
2006 as

Published

changes

restated

restated

£m

£m

£m

£m
UK
 Retail Banking 
45,992

67

46,059

43,020
Barclays Commercial Bank
53,844

481

54,325

50,302
Barclaycard
19,929

(239)

19,690

16,873
IRCB
 - ex Absa
29,667

(29,667)

-

-
GRCB - Absa
23,602

(1,154)

22,448

19,809
GRCB - 
Western Europe
-

24,462

24,462

17,567
GRCB - Emerging Markets
-

6,050

6,050

3,255
Barclays Capital
169,124

-

169,124

137,635
Barclays Global Investors
1,994

-

1,994

1,375
Barclays Wealth
7,692

-

7,692

6,077
Head office functions and other operations
1,632

-

1,632

1,920

353,476

-

353,476

297,833




Risk Weighted Assets (
Basel
 II)




Group







structure

    
2007 as

    
2006 as

2007

changes

restated

restated

£m

£m

£m

£m
UK
 Retail Banking 
30,469

71

30,540

-
Barclays Commercial Bank
61,665

391

62,056

-
Barclaycard
22,446

11

22,457

-
IRCB
 - ex Absa
34,649

(34,649)

-

-
GRCB - Absa
18,297

(1,084)

17,213

-
GRCB - 
Western Europe
-

25,084

25,084

-
GRCB - Emerging Markets
-

10,176

10,176

-
Barclays Capital
172,974

-

172,974

-
Barclays Global Investors
4,266

-

4,266

-
Barclays Wealth
8,011

-

8,011

-
Head office functions and other operations
1,101

-

1,101

-

353,878

-

353,878

-










 
 
Profit before tax net of restatements




Half-year
 
ended
 
2007

    
31.12.07

    
30.06.07
 
£m

£m

£m
UK
 Retail Banking 
1,275

629

646 
Barclays Commercial Bank
1,357

651

706 
Barclaycard
603

304

299 
GRCB - Absa
597

326

271 
GRCB - 
Western Europe
196

91

105 
GRCB - Emerging Markets
100

40

60 
Barclays Capital
2,335

675

1,660 
Barclays Global Investors
734

346

388 
Barclays Wealth
307

134

173 
Head office functions and other operations
(428)

(221)

(207)
Profit before tax
7,076

2,975

4,101 




 
 
UK
 Retail Banking




Half-year ended

2007

    
31.12.07

    
30.06.07

£m

£m

£m
Net interest income
  
 
2,858

1,451

1,407 
Net fee and commission income
1,183

583

600 
Net premiums from insurance contracts
252

165

87 
Other income
47

(2)

49 
Total income
4,340

2,197

2,143 
Net claims and benefits incurred under insurance contracts
(43)

(21)

(22)
Total income net of insurance claims
4,297

2,176

2,121 
Impairment charges 
(559)

(282)

(277)
Net income
3,738

1,894

1,844 
Operating expenses excluding amortisation of intangible assets
(2,461)

(1,266)

(1,195)
Amortisation of intangible assets
(9)

(5)

(4)
Operating expenses 
(2,470)

(1,271)

(1,199)
Share of post-tax results of associates and joint ventures
7

6

1 
Profit before tax
1,275

629

646 






Balance Sheet Information





Loans and advances to customers


£82.0bn

£77.5bn 
Customer accounts


£87.1bn

£84.5bn 
Total assets


£88.5bn

£84.3bn 






Performance Ratios





Return on average economic capital
28%

28%

28% 
Cost:income ratio
1
57%

58%

57% 
Cost:net income ratio
2
66%

67%

65% 





 
Other Financial Measures





Risk Tendency


£470m

£580m 
Economic profit


£306m

£311m 
Risk weighted assets (
Basel
 I)


£46.1bn

£42.5bn 
Risk weighted assets (Basel II)


£30.5bn

- 






Staff Numbers


32,800

33,900 















1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.

 
 
Barclays Commercial Bank




Half-year
 
ended

2007

    
31.12.07

    
30.06.07

£m

£m

£m
Net interest income
  
 
1,747

880

867 
Net fee and commission income
750

398

352 
Net trading income
9

7

2 
Net investment income
47

17

30 
Principal transactions
56

24

32 
Other income
11

5

6 
Total income
2,564

1,307

1,257 
Impairment charges 
(292)

(168)

(124)
Net income
2,272

1,139

1,133 
Operating expenses excluding amortisation of intangible assets
(924)

(499)

(425)
Amortisation of intangible assets
(5)

(3)

(2)
Operating expenses 
(929)

(502)

(427)
Share of post-tax results of associates and joint ventures
-

-

- 
Profit on disposal of subsidiaries, associates and joint ventures
14

14

- 
Profit before tax
1,357

651

706 






Balance Sheet Information





Loans and advances to customers


£63.7bn

£60.4bn 
Customer accounts


£60.8bn

£59.8bn 
Total assets


£74.6bn

£69.8bn 






Performance Ratios





Return on average economic capital
30%

29%

31% 
Cost:income ratio
1
36%

38%

34% 
Cost:net income ratio
2
41%

44%

38% 





 
Other Financial Measures





Risk Tendency


£305m

£290m 
Economic profit


£303m

£332m 
Risk weighted assets (
Basel
 I)


£54.3bn

£51.1bn 
Risk weighted assets (Basel II)


£62.1bn

- 






Staff Numbers
*


9,200

7,900 




*
In the second half of 2007 certain operations personnel were
 transferred from UK Retail Banking to Barclays Commercial Bank
. The Staff numbers of 7,900 as at 30
th June 
2007 do not include 1,200 such personnel.









1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Barclaycard




Half-year
 
ended

2007

    
31.12.07

    
30.06.07

£m

£m

£m
Net interest income
  
 
1,374

688

686 
Net fee and commission income
1,143

567

576 
Net trading income
-

(2)

2 
Net investment income
11

11

- 
Net premiums from insurance contracts
40

19

21 
Other income
(25)

(2)

(23)
Total income
2,543

1,281

1,262 
Net claims and benefits incurred under insurance contracts
(13)

(6)

(7)
Total income net of insurance claims
2,530

1,275

1,255 
Impairment charges 
(827)

(392)

(435)
Net income
1,703

883

820 
Operating expenses excluding amortisation of intangible assets
(1,057)

(553)

(504)
Amortisation of intangible assets
(36)

(21)

(15)
Operating expenses 
(1,093)

(574)

(519)
Share of post-tax results of associates and joint ventures
(7)

(5)

(2)
Profit before tax
603

304

299 






Balance Sheet Information





Loans and advances to customers


£19.7bn

£18.2bn 
Total assets


£22.1bn

£20.4bn 






Performance Ratios





Return on average economic capital
20%

20%

21% 
Cost:income ratio
1
43%

45%

41% 
Cost:net income ratio
2
64%

65%

63% 





 
Other Financial Measures





Risk Tendency


£955m

£975m 
Economic profit


£98m

£115m 
Risk weighted assets (
Basel
 I)


£19.7bn

£16.9bn 
Risk weighted assets (Basel II)


£22.5bn

- 






Staff Numbers


8,900

8,700 















1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Global 
Retail and Commercial Banking -
 
Absa




Half-year
 
ended

2007

    
31.12.07

    
30.06.07

£m

£m

£m
Net interest income
  
 
1,055

582

473 
Net fee and commission income
684

344

340 
Net trading income
-

2

(2)
Net investment income
70

23

47 
Principal transactions
70

25

45 
Net premiums from insurance contracts
227

110

117 
Other income
77

40

37 
Total income
2,113

1,101

1,012 
Net claims and benefits incurred under insurance contracts
(114)

(59)

(55)
Total income net of insurance claims
1,999

1,042

957 
Impairment charges 
(146)

(90)

(56)
Net income
1,853

952

901 
Operating expenses excluding amortisation of intangible assets
(1,212)

(605)

(607)
Amortisation of intangible assets
(55)

(30)

(25)
Operating expenses 
(1,267)

(635)

(632)
Share of post-tax results of associates and joint ventures
6

5

1 
Profit on disposal of subsidiaries, associates and joint ventures
5

4

1 
Profit before tax
597

326

271 
 




 
Balance Sheet Information




 
Loans and advances to customers


£29.9bn

£25.4bn 
Customer accounts


£13.0bn

£12.2bn 
Total assets


£36.4bn

£31.9bn 
 




 
Performance Ratios




 
Return on average economic capital
20%

22%

18% 
Cost:income ratio
1
63%

61%

66% 
Cost:net income ratio
2
68%

67%

70% 
 




 
Other Financial Measures




 
Risk Tendency


£190m

£185m 
Economic profit


£59m

£39m 
Risk weighted assets (
Basel
 I)


£22.4bn

£20.7bn 
Risk weighted assets (Basel II)


£17.2bn

- 






Staff Numbers


35,800

33,100 












1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Global Retail and Commercial Banking - 
Western Europe

 


Half-year
 
ended
 
2007

    
31.12.07

    
30.06.07
 
£m

£m

£m
Net interest income
  
 
527

284

243 
Net fee and commission income
322

166

156 
Net trading income
13

7

6 
Net investment income
93

46

47 
Principal transactions
106

53

53 
Net premiums from insurance contracts
145

100

45 
Other income
7

4

3 
Total income
1,107

607

500 
Net claims and benefits incurred under insurance contracts
(170)

(110)

(60)
Total income net of insurance claims
937

497

440 
Impairment charges 
(76)

(44)

(32)
Net income
861

453

408 
Operating expenses excluding amortisation of intangible assets
(665)

(362)

(303)
Amortisation of intangible assets
(8)

(4)

(4)
Operating expenses 
(673)

(366)

(307)
Profit on disposal of subsidiaries, associates and joint ventures
8

4

4 
Profit before tax
196

91

105 
 




 
Balance Sheet Information




 
Loans and advances to customers


£35.0bn

£29.7bn 
Customer accounts


£9.4bn

£7.7bn 
Total assets


£43.7bn

£36.7bn 
 




 
Performance Ratios




 
Return on average economic capital
11%

10%

12% 
Cost:income ratio
1
72%

74%

70% 
Cost:net income ratio
2
78%

81%

75% 
 




 
Other Financial Measures




 
Risk Tendency


£135m

£105m 
Economic profit


£2m

£14m 
Risk weighted assets (
Basel
 I)


£24.5bn

£20.4bn 
Risk weighted assets (Basel II)


£25.1bn

- 





 
Staff Numbers


8,800

7,600












1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
    
 
 
Global Retail and Commercial Banking - Emerging Markets

 


Half-year
 
ended
 
2007

    
31.12.07

    
30.06.07
 
£m

£m

£m
Net interest income
  
 
319

181

138 
Net fee and commission income
140

71

69 
Net trading income
56

42

14 
Net investment income
16

13

3 
Principal transactions
72

55

17 
Other income
2

5

(3)
Total income
533

312

221 
Impairment charges 
(39)

(27)

(12)
Net income
494

285

209 
Operating expenses excluding amortisation of intangible assets
(391)

(239)

(152)
Amortisation of intangible assets
(4)

(7)

3 
Operating expenses 
(395)

(246)

(149)
Share of post-tax results of associates and joint ventures
1

1

- 
Profit before tax
100

40

60 
 




 
Balance Sheet Information




 
Loans and advances to customers


£5.1bn

£3.4bn 
Customer accounts


£6.2bn

£4.8bn 
Total assets


£9.2bn

£6.3bn 
 




 
Performance Ratios




 
Return on average economic capital
15%

7%

27% 
Cost:income ratio
1
74%

79%

67% 
Cost:net income ratio
2
80%

86%

71% 
 





Other Financial Measures





Risk Tendency


£140m

£50m 
Economic profit


£(3m)

£29m 
Risk weighted assets (
Basel
 I)


£6.1bn

£4.0bn 
Risk weighted assets (Basel II)


£10.2bn

-





 
Staff Numbers


11,800

9,600 

















1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
    
 
 
Barclays Capital




Half-year
 
ended

2007

    
31.12.07

    
30.06.07

£m

£m

£m
Net interest income
  
 
1,179

612

567 
Net fee and commission income
1,235

621

614 
Net trading income
3,739

978

2,761 
Net investment income
953

747

206 
Principal transactions
4,692

1,725

2,967 
Other income
13

8

5 
Total income
7,119

2,966

4,153 
Impairment charges and other credit provisions
(846)

(836)

(10)
Net income
6,273

2,130

4,143 
Operating expenses excluding amortisation of intangible assets
(3,919)

(1,466)

(2,453)
Amortisation of intangible assets
(54)

(24)

(30)
Operating expenses 
(3,973)

(1,490)

(2,483)
Share of post-tax results of associates and joint ventures
35

35

- 
Profit before tax
2,335

675

1,660 
 





Balance Sheet Information




 
Total assets


£839.9bn

£796.4bn 
 




 
Performance Ratios




 
Return on average economic capital
33%

17%

54% 
Cost:income ratio
1
56%

50%

60% 
Cost:net income ratio
2
63%

70%

60% 
 




 
Other Financial Measures




 
Risk Tendency


£140m

£110m 
Economic profit


£203m

£969m 
Risk weighted assets (
Basel
 I)


£169.1bn

£152.5bn 
Risk weighted assets (Basel II)


£173.0bn

-
Average DVaR


£42.0m

£39.3m 
Average net income generated per member of staff ('000)


£137

£329






Staff Numbers


16,200

15,700 
















1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Barclays Global Investors




Half-year
 
ended

2007

    
31.12.07

    
30.06.07

£m

£m

£m
Net interest (expense)/income
(8)

(6)

(2)
Net fee and commission income
1,936

996

940 
Net trading income
5

4

1 
Net investment income
(9)

(12)

3 
Principal transactions
(4)

(8)

4 
Other Income
2

1

1 
Total income
1,926

983

943 
Operating expenses excluding amortisation of intangible assets
(1,184)

(633)

(551)
Amortisation of intangible assets
(8)

(4)

(4)
Operating expenses
(1,192)

(637)

(555)
Profit before tax
734

346

388 






Balance Sheet Information





Total assets


£89.2bn

£90.4bn 





 
Performance Ratios





Return on average economic capital
241%

244%

238% 
Cost:income ratio
62%

65%

59% 





 
Other Financial Measures





Economic profit


£220m

£210m 
Risk weighted assets (
Basel
 I)


£2.0bn

£1.6bn 
Risk weighted assets (Basel II)


£4.3bn

- 
Average income generated per member of staff ('000)


£306

£325






Staff Numbers


3,400

3,100























1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.
 
 
Barclays Wealth




Half-year
 
ended

2007

    
31.12.07

    
30.06.07

£m

£m

£m
Net interest income
  
 
431

226

205 
Net fee and commission income
739

380

359 
Net trading income
3

(4)

7 
Net investment income
52

(7)

59 
Principal transactions
55

(11)

66 
Net premiums from insurance contracts
195

95

100 
Other income
19

10

9 
Total income
1,439

700

739 
Net claims and benefits incurred under insurance contracts
(152)

(48)

(104)
Total income net of insurance claims
1,287

652

635 
Impairment charges 
(7)

(5)

(2)
Net income
1,280

647

633 
Operating expenses excluding amortisation of intangible assets
(967)

(509)

(458)
Amortisation of intangible assets
(6)

(4)

(2)
Operating expenses 
(973)

(513)

(460)
Profit before tax
307

134

173 
 





Balance Sheet Information




 
Loans and advances to customers


£9.0bn

£7.1bn 
Customer accounts


£34.4bn

£30.9bn 
Total assets


£18.2bn

£16.7bn 
 




 
Performance Ratios




 
Return on average economic capital
51%

47%

56% 
Cost:income ratio
1
76%

79%

72% 
 




 
Other Financial Measures




 
Risk Tendency


£10m

£10m 
Economic profit


£119m

£114m 
Risk weighted assets (
Basel
 I)


£7.7bn

£6.9bn 
Risk weighted assets (Basel II)


£8.0bn

- 
Average income generated per member of staff


£94

£94 
 




 
Staff Numbers


6,900

6,900 













1
    
The cost:income ratio is defined as operating expenses compared to total income net of insurance claims.
2
    
The cost:net income ratio is defined as operating expenses compared to total income net of insurance claims, less impairment charges.

 
 
Head Office Functions
 and Other Operations
    




Half-year
 
ended

2007

    
31.12.07

    
30.06.07

£m

£m

£m
Net interest income
128

123

5
Net fee and commission expense
(424)

(230)

(194)
Net trading loss
(66)

(86)

20 
Net investment expense
(17)

(18)

1 
Principal transactions
(83)

(104)

21 
Net premiums from insurance contracts
152

80

72 
Other income
35

19

16 
Total income
(192)

(112)

(80)
Impairment charges
(3)

8

(11)
Net loss
(195)

(104)

(91)
Operating expenses excluding amortisation of intangible assets
(233)

(121)

(112)
Amortisation of intangible assets
(1)

3

(4)
Operating expenses
(234)

(118)

(116)
Profit on disposal of associates and joint ventures
1

1

- 
Loss before tax
(428)

(221)

(207)






Balance Sheet Information





Total assets


£5.7bn

£5.4bn 





 
Performance Ratios





Risk Tendency


£10m

£5m 
Risk weighted assets (
Basel
 I)


£1.6bn

£1.5bn 
Risk weighted assets (Basel II)


£1.1bn

- 






Staff Numbers


1,100

1,200 




 
 
Restated Total Assets




As at

    
31.12.07

    
3
0
.
06
.07

    
3
1
.
12
.0
6

£m

£m

£m
UK
 Retail Banking 
88,477

84,267

81,693 
Barclays Commercial Bank
74,566

69,830

66,224 
Barclaycard
22,121

20,362

20,033 
GRCB - Absa
36,368

31,908

29,590 
GRCB - 
Western Europe
43,702

36,724

33,487 
GRCB - Emerging Markets
9,188

6,323

5,219 
Barclays Capital
839,850

796,389

657,922 
Barclays Global Investors
89,218

90,440

80,515 
Barclays Wealth
18,188

16,663

15,022 
Head office functions and other operations
5,683

5,356

7,082 
Total assets
1,227,361

1,158,262

996,787 



 
 
Restated Risk Weighted Assets
 (
Basel
 I)




As at

    
31.12.07

    
30.06.07

    
31.12.06

£m

£m

£m
UK
 Retail Banking 
46,059

42,498

43,020
Barclays Commercial Bank
54,325

51,106

50,302
Barclaycard
19,690

16,898

16,873
GRCB - Absa
22,448

20,692

19,809
GRCB - 
Western Europe
24,462

20,370

17,567
GRCB - Emerging Markets
6,050

4,049

3,255
Barclays Capital
169,124

152,467

137,635
Barclays Global Investors
1,994

1,616

1,375
Barclays Wealth
7,692

6,871

6,077
Head office functions and other operations
1,632

1,476

1,920
Profit before tax
353,476

318,043

297,833




Restated Risk Weighted Assets (
Basel
 II)




As at

    
31.12.07

    
30.06.07

    
31.12.06

£m

£m

£m
UK
 Retail Banking 
30,540

-

-
Barclays Commercial Bank
62,056

-

-
Barclaycard
22,457

-

-
GRCB - Absa
17,213

-

-
GRCB - 
Western Europe
25,084

-

-
GRCB - Emerging Markets
10,176

-

-
Barclays Capital
172,974

-

-
Barclays Global Investors
4,266

-

-
Barclays Wealth
8,011

-

-
Head office functions and other operations
1,101

-

-
Profit before tax
353,878

-

-


 
 
Restated Business Margins




Half-year

Half-year



Full-year

ended

ended

Full-year

31.12.07

31.12.07

30.06.07

31.12.06
 
%

%

%

%
UK Retail Banking assets
1.20

1.19

1.20

1.32
UK Retail Banking liabilities
2.15

2.16

2.15

2.05
Barclays Commercial Bank assets
1.80

1.75

1.85

1.92
Barclays Commercial Bank liabilities
1.49

1.49

1.50

1.46
Barclaycard assets
6.51

6.
27

6.7
7

7.05
GRCB - ABSA assets
2.70

2.70

2.7
2

2.81
GRCB - ABSA liabilities
3.21

3.49

2.90

2.87
GRCB - 
Western Europe
 assets
1.13

1.13

1.13

1.11
GRCB - 
Western Europe
 liabilities
1.64

1.56

1.72

1.70
GRCB - Emerging Markets assets
6.62

6.56

6.67

8.46
GRCB - Emerging Markets liabilities
0.75

0.63

0.91

0.93
Barclays Wealth assets
1.11

1.10

1.12

1.08
Barclays Wealth liabilities
1.03

0.98

1.08

1.10














Restated Average Balances




Half-year

Half-year



Full-year

ended

ended

Full-year

    
31.12.07

    
31.12.07

    
30.06.07

    
31.12.06

£m

£m

£m

£m
UK Retail Banking assets
78,502

80,228

76,747

73,593
UK Retail Banking liabilities
81,848

83,456

80,213

76,498
Barclays Commercial Bank assets
53,947

55,232

52,661

52,330
Barclays Commercial Bank liabilities
46,367

46,245

46,489

44,839
Barclaycard assets
18,976

19,372

18,579

17,728
GRCB - Absa assets
25,333

26,583

24,062

23,720
GRCB - Absa liabilities
11,511

11,911

11,106

10,897
GRCB - 
Western Europe
 assets
30,145

31,766

28,498

24,812
GRCB - 
Western Europe
 liabilities
7,489

7,691

7,284

6,404
GRCB - Emerging Markets assets
3,559

4,164

2,953

2,258
GRCB - Emerging Markets liabilities
5,115

5,686

4,544

4,018
Barclays Wealth assets
7,403

8,332

6,458

5,543
Barclays Wealth liabilities
31,151

33,130

29,140

27,744



 
 
Restated business net interest income 




Half-year

Half-year



Full-year

ended

ended

Full-year

    
31.12.07

    
31.12.07

    
30.06.07

    
31.12.06

£m

£m

£m

£m
UK Retail Banking assets
939

483

456

970
UK Retail Banking liabilities
1,763

909

854

1,566
Barclays Commercial Bank assets
970

486

484

1,005
Barclays Commercial Bank liabilities
693

348

345

655
Barclaycard assets
1,236

612

624

1,248
GRCB - Absa assets
686

362

324

664
GRCB - Absa liabilities
369

209

160

313
GRCB - 
Western Europe
 assets
341

181

160

274
GRCB - 
Western Europe
 liabilities
123

61

62

109
GRCB - Emerging Markets assets
235

137

98

214
GRCB - Emerging Markets liabilities
39

19

20

37
Barclays Wealth assets
82

46

36

60
Barclays Wealth liabilities
320

164

156

306
Business net interest income
7,796

4,017

3,779

7,421




Restated reconciliation of business net interest income to Group net interest income




Half-year

Half-year



Full-year

ended

ended

Full-year

    
31.12.07

    
31.12.07

    
30.06.07

    
31.12.06

£m

£m

£m

£m
Business net interest income
7,796

4,017

3,779

7,421
Other:







- Barclays Capital
1,179

612

567

1,158
- Barclays Global Investors
(8)

(6)

(2)

10
- Other
643

398

245

554
Group net interest income
9,610

5,021

4,589

9,143




Business net interest income is derived from the interest rate earned on average assets or paid on average liabilities relative to the average Bank of England base rate, local equivalents for international businesses or the rate managed by the bank using derivatives. The margin is expressed as annualised business interest income over the relevant average balance. Asset and liability margins cannot be added together as they are relative to the average Bank of England base rate, local equivalent for international businesses or the rate managed by the bank using derivatives.

Average balances are calculated on daily averages for most 
UK
 banking operations and monthly averages elsewhere. 

Within the reconciliation of Group net interest income, there is an amount captured as Other. This relates to: benefit of capital, including the restatement of Reserve Capital Instruments and other capital instruments; Head office functions and other operations; net funding on non 
customer assets and liabilities
.





 
 
Restated Risk Tendency


Full-year

Half-year

Full-year

    
31.12.07

    
30.06.07

    
31.12.06

£m

£m

£m
UK
 Retail Banking 
470

580

500
Barclays Commercial Bank
305

290

300
Barclaycard
955

975

1,090
GRCB - Absa
190

185

130
GRCB - 
Western Europe
135

105

90
GRCB - Emerging Markets
140

50

35
Barclays Capital
140

110

95
Barclays Wealth
10

10

10
Head office functions and other operations
1
10

5

10
Risk Tendency
2,355

2,310

2,260









































1
    
Includes businesses in transition.
 
 
Restated economic capital demand
1


Full-year

Half-year

Full-year

    
31.12.07

    
30.06.07

    
31.12.06
 
£m

£m

£m
UK
 Retail Banking 
3,400

3,400

3,300
Barclays Commercial Bank
3,200

3,150

2,750
Barclaycard
2,050

2,000

1,850
GRCB - Absa
900

900

700
GRCB - 
Western Europe
1,250

1,100

950
GRCB - Emerging Markets
450

300

350
Barclays Capital
5,200

4,400

3,750
Barclays Global Investors
200

200

150
Barclays Wealth
500

500

400
Head office functions and other operations
2
250

250

300
Economic capital requirement (excluding goodwill)
17,400

16,200

14,500
Average historic goodwill and intangible assets
3
8,400

8,100

7,750
Total economic capital requirement
4
25,800

24,300

22,250




































1
    
Calculated using a five point average over the year and rounded to the nearest £50m for presentation purposes.
2
    Includes Transition Businesses and capital for central functional risks.
3
    
Average goodwill relates to purchased goodwill and intangible assets from business acquisitions.
 
4
    
Total period end economic capital requirement as at 31st December 2007 was £29,650m (31st December 2006: £23,350m). 
 
 
Restated 
economic profit generated by business


Full-year

Half-year

Full-year

    
31.12.07

    
30.06.07

    
31.12.06
 
£m

£m

£m
UK
 Retail Banking 
617 

311 

590 
Barclays Commercial Bank
635 

332 

729 
Barclaycard
213 

115 

183 
GRCB - Absa
98 

39 

138 
GRCB - 
Western Europe
16 

14 

9 
GRCB - Emerging Markets
26 

29 

308 
Barclays Capital
1,172 

969 

1,181 
Barclays Global Investors
430 

210 

376 
Barclays Wealth
233 

114 

130 
Head office functions and other operations
(470)

(185)

(315)

2,970 

1,948 

3,329 
Historic goodwill
(800)

(387)

(739)
Variance to average shareholders' funds 
 

 

 
(excluding minority interest)
120 

48 

114 
Economic profit
2,290 

1,609 

2,704 







 
 
Restated s
taff numbers


Full-year

Half-year

Full-year

    
31.12.07

    
30.06.07

    
31.12.06
UK
 Retail Banking 
32,800

33,900

34,500
Barclays Commercial Bank
*
9,200

7,900

8,100
Barclaycard
8,900

8,700

9,100
GRCB - Absa
35,800

33,100

33,000
GRCB - 
Western Europe
8,800

7,600

6,600
GRCB - Emerging Markets
11,800

9,600

7,600
Barclays Capital
16,200

15,700

13,200
Barclays Global Investors
3,400

3,100

2,700
Barclays Wealth
6,900

6,900

6,600
Head office functions and other operations
1,100

1,200

1,200
Total Group permanent and fixed term contract staff worldwide
134,900

127,700

122,600





*
In the second half of 2007 certain operations personnel were
 transferred from UK Retail Banking to Barclays Commercial Bank
. The Staff numbers above for Barclays Commercial Bank as at 30th June 2007 and 31st December 2006 as such do not include 1,200 and 900 such personnel respectively which 
at those points were included with
in
 UK Retail Banking
.












- ENDS -