Restatement Document
|
Page
|
Overview of Reporting Changes
|
4
|
Performance Highlights
|
8
|
Barclays Results by Quarter
|
11
|
Results by Business
|
|
— Personal and Corporate Banking
|
12
|
— Barclaycard
|
16
|
— Africa Banking
|
18
|
— Investment Bank
|
20
|
— Head Office
|
22
|
— Barclays Non-Core
|
24
|
Appendix I – Performance Management
|
26
|
Appendix II – CRD IV RWAs
|
29
|
·
|
Personal and Corporate Banking;
|
·
|
Barclaycard;
|
·
|
Africa Banking; and
|
·
|
Investment Bank.
|
·
|
Parts of the Investment Bank;
|
·
|
All of Europe Retail; and
|
·
|
Parts of the Corporate Bank in Europe and the Middle East, and certain long-dated Corporate loans.
|
2013 Barclays Results
|
Adjusted
|
|
Personal & Corporate Banking
|
Barclaycard
|
Africa Banking
|
Investment Bank
|
Head Office
|
Barclays Core
|
Barclays Non-Core
|
Barclays Group
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
Total income net of insurance claims
|
8,723
|
4,103
|
4,039
|
8,855
|
142
|
25,862
|
2,293
|
28,155
|
Credit impairment (charges)/releases and other provisions
|
(621)
|
(1,096)
|
(479)
|
22
|
3
|
(2,171)
|
(900)
|
(3,071)
|
Net operating income
|
8,102
|
3,007
|
3,560
|
8,877
|
145
|
23,691
|
1,393
|
25,084
|
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(5,460)
|
(1,786)
|
(2,451)
|
(6,172)
|
(113)
|
(15,982)
|
(2,198)
|
(18,180)
|
UK bank levy
|
(66)
|
(22)
|
(42)
|
(236)
|
(29)
|
(395)
|
(109)
|
(504)
|
Costs to achieve Transform
|
(384)
|
(49)
|
(26)
|
(190)
|
(22)
|
(671)
|
(538)
|
(1,209)
|
Operating expenses
|
(5,910)
|
(1,857)
|
(2,519)
|
(6,598)
|
(164)
|
(17,048)
|
(2,845)
|
(19,893)
|
Other net income/(expense)
|
41
|
33
|
8
|
-
|
4
|
86
|
(110)
|
(24)
|
Profit/(loss) before tax
|
2,233
|
1,183
|
1,049
|
2,279
|
(15)
|
6,729
|
(1,562)
|
5,167
|
Attributable profit/(loss)
|
1,681
|
822
|
356
|
1,515
|
(89)
|
4,285
|
(1,890)
|
2,395
|
|
|
|
||||||
Performance Measures
|
|
|
||||||
Return on average tangible equity
|
12.7%
|
19.9%
|
11.3%
|
9.8%
|
2.9%1
|
15.1%
|
(9.8%)1
|
5.3%
|
Return on average equity
|
9.7%
|
15.5%
|
8.1%
|
9.4%
|
1.8%1
|
11.9%
|
(7.4%)1
|
4.5%
|
Cost: income ratio
|
68%
|
45%
|
62%
|
75%
|
|
66%
|
124%
|
71%
|
Loan loss rate (bps)
|
28
|
332
|
128
|
(2)
|
|
55
|
107
|
64
|
|
|
|
||||||
Capital Management (£bn)
|
|
|
||||||
Risk weighted assets - fully loaded CRD IV
|
118
|
36
|
38
|
126
|
8
|
326
|
110
|
436
|
Average allocated tangible equity
|
13
|
4
|
3
|
15
|
(8)
|
28
|
17
|
45
|
Average allocated equity
|
17
|
5
|
4
|
16
|
(7)
|
36
|
17
|
53
|
1
|
Return on average equity and average tangible equity for Head Office and Barclays Non-Core represents the dilution for Barclays Core and the Group respectively. The change in Barclays Non-Core return on average equity dilution, as compared to the Group Strategy Update on 8 May 2014, includes the transfer, to the Investment Bank, of the £259m gain recognised in Q2 2013 in respect of assets not yet received from the 2008 US Lehman acquisition. As the majority of the activities acquired in 2008 form part of the ongoing core Investment Bank activities and as a direct consequence of the acquisition, it has been determined more appropriate to include this gain within the Investment Bank comparative.
|
·
|
Strategic focus – businesses and portfolios that do not fit with our strategic customer franchise or are a poor fit with our sources of competitive advantage; and
|
·
|
Returns on CRD IV capital and leverage exposure - businesses and portfolios that are capital and/or leverage intensive, with high cost structures, and do not expect to meet our return targets over the medium term.
|
·
|
In recognition of the local equity listing of the BAGL entity, the significant minority interest in the business and existing local Head Office functionality, Head Office allocations to Africa Banking have been restated to those that are deemed to be incrementally incurred as a consequence of Barclays operations in Africa. Investment Bank treasury operations have been resegmented to Head Office; and
|
·
|
Residual Group treasury funding costs have been allocated from Head Office to other segments using appropriate methodologies to reflect business accountability.
|
Barclays Results
for the three months ended
|
Adjusted
|
Statutory
|
|
31.03.14
|
31.03.14
|
|
Barclays Core
|
Barclays Non-Core
|
Barclays Group
|
Barclays Group
|
|
|
£m
|
£m
|
£m
|
£m
|
|
Total income net of insurance claims
|
6,277
|
373
|
6,650
|
6,769
|
|
Credit impairment charges and other provisions
|
(481)
|
(67)
|
(548)
|
(548)
|
|
Net operating income
|
5,796
|
306
|
6,102
|
6,221
|
|
Operating expenses (excluding costs to achieve Transform)
|
(3,753)
|
(442)
|
(4,195)
|
(4,195)
|
|
Costs to achieve Transform
|
(216)
|
(24)
|
(240)
|
(240)
|
|
Operating expenses
|
(3,969)
|
(466)
|
(4,435)
|
(4,435)
|
|
Other net income
|
20
|
6
|
26
|
26
|
|
Profit/(loss) before tax
|
1,847
|
(154)
|
1,693
|
1,812
|
|
Attributable profit/(loss)1
|
1,053
|
(171)
|
882
|
965
|
|
|
|
||||
Performance Measures
|
|
||||
Return on average tangible shareholders' equity2
|
13.1%
|
(5.6%)
|
7.5%
|
8.3%
|
|
Return on average shareholders' equity2
|
10.6%
|
(4.2%)
|
6.4%
|
7.1%
|
|
Cost: income ratio
|
63%
|
125%
|
67%
|
66%
|
|
Loan loss rate (bps)
|
45
|
45
|
|||
|
|
||||
Basic earnings per share
|
6.5p
|
(1.1p)
|
5.4p
|
5.9p
|
|
Dividend per share
|
|
1.0p
|
|||
|
|
||||
Balance Sheet and Leverage
|
|
||||
Net asset value per share3
|
|
331p
|
|||
Net tangible asset value per share3
|
|
284p
|
|||
Estimated PRA leverage exposure
|
|
£1,326bn
|
|||
|
|
||||
Capital Management
|
|
||||
CRD IV fully loaded
|
|
||||
Common equity tier 1 ratio
|
|
9.6%
|
|||
Common equity tier 1 capital
|
|
£41.4bn
|
|||
Risk weighted assets
|
£323bn
|
£106bn
|
|
£429bn
|
|
Estimated leverage ratio
|
|
3.3%
|
|||
Estimated PRA leverage ratio
|
|
3.1%
|
|||
|
|
||||
Funding and Liquidity
|
|
||||
Group liquidity pool
|
|
£134bn
|
|||
Loan: deposit ratio
|
|
101%
|
|||
Estimated liquidity coverage ratio
|
|
109%
|
|||
|
|
||||
Adjusted Profit Reconciliation
|
|
||||
Adjusted profit before tax
|
|
1,693
|
|||
Own credit
|
|
119
|
|||
Statutory profit before tax
|
|
1,812
|
1
|
Attributable profit/(loss) comprises profit/(loss) after tax and non-controlling interests.
|
2
|
Return on average equity and average tangible equity for Barclays Non-Core represents the dilution for the Group.
|
3
|
Net asset value per share is calculated by dividing shareholders’ equity, excluding non-controlling and other equity interests, by the number of issued ordinary shares. Net tangible asset value per share is calculated by dividing shareholders’ equity, excluding non-controlling and other equity interests, less goodwill and intangible assets, by the number of issued ordinary shares.
|
Barclays Results
for the twelve months ended
|
Adjusted
|
Statutory
|
|
31.12.13
|
31.12.13
|
|
Barclays Core
|
Barclays Non-Core
|
Barclays Group
|
Barclays Group
|
|
|
£m
|
£m
|
£m
|
£m
|
|
Total income net of insurance claims
|
25,862
|
2,293
|
28,155
|
27,935
|
|
Credit impairment charges and other provisions
|
(2,171)
|
(900)
|
(3,071)
|
(3,071)
|
|
Net operating income
|
23,691
|
1,393
|
25,084
|
24,864
|
|
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(15,982)
|
(2,198)
|
(18,180)
|
(20,259)
|
|
UK bank levy
|
(395)
|
(109)
|
(504)
|
(504)
|
|
Costs to achieve Transform
|
(671)
|
(538)
|
(1,209)
|
(1,209)
|
|
Operating expenses
|
(17,048)
|
(2,845)
|
(19,893)
|
(21,972)
|
|
Other net income/(expense)
|
86
|
(110)
|
(24)
|
(24)
|
|
Profit/(loss) before tax
|
6,729
|
(1,562)
|
5,167
|
2,868
|
|
Attributable profit/(loss)1
|
4,285
|
(1,890)
|
2,395
|
540
|
|
|
|
||||
Performance Measures
|
|
||||
Return on average tangible shareholders' equity2
|
15.1%
|
(9.8%)
|
5.3%
|
1.2%
|
|
Return on average shareholders' equity2
|
11.9%
|
(7.4%)
|
4.5%
|
1.0%
|
|
Cost: income ratio
|
66%
|
124%
|
71%
|
79%
|
|
Loan loss rate (bps)
|
55
|
107
|
64
|
64
|
|
|
|
||||
Basic earnings per share
|
29.9p
|
(13.2p)
|
16.7p
|
3.8p
|
|
Dividend per share
|
|
6.5p
|
|||
|
|
||||
Balance Sheet and Leverage
|
|
||||
Net asset value per share3
|
|
331p
|
|||
Net tangible asset value per share3
|
|
283p
|
|||
Estimated PRA leverage exposure
|
|
£1,365bn
|
|||
|
|
||||
Capital Management
|
|
||||
CRD IV fully loaded
|
|
||||
Common equity tier 1 ratio
|
|
9.3%
|
|||
Common equity tier 1 capital
|
|
£40.4bn
|
|||
Risk weighted assets
|
£326bn
|
£110bn
|
|
£436bn
|
|
Estimated leverage ratio
|
|
3.1%
|
|||
Estimated PRA leverage ratio
|
|
3.0%
|
|||
|
|
||||
Funding and Liquidity
|
|
||||
Group liquidity pool
|
|
£127bn
|
|||
Loan: deposit ratio
|
|
101%
|
|||
Estimated liquidity coverage ratio
|
|
102%
|
|||
Estimated net stable funding ratio
|
|
110%
|
|||
|
|
||||
Adjusted Profit Reconciliation
|
|
||||
Adjusted profit before tax
|
|
5,167
|
|||
Own credit
|
|
(220)
|
|||
Provision for PPI redress
|
|
(1,350)
|
|||
Provision for interest rate hedging products redress
|
|
(650)
|
|||
Goodwill impairment
|
|
(79)
|
|||
Statutory profit before tax
|
|
2,868
|
1
|
Attributable profit/(loss) comprises profit/(loss) after tax and non-controlling interests.
|
2
|
Return on average equity and average tangible equity for Barclays Non-Core represents the dilution for the Group.
|
3
|
Net asset value per share is calculated by dividing shareholders’ equity, excluding non-controlling and other equity interests, by the number of issued ordinary shares. Net tangible asset value per share is calculated by dividing shareholders’ equity, excluding non-controlling and other equity interests, less goodwill and intangible assets, by the number of issued ordinary shares.
|
Barclays Results
for the twelve months ended
|
Adjusted
|
Statutory
|
|
31.12.12
|
31.12.12
|
|
Barclays Core
|
Barclays Non-Core
|
Barclays Group
|
Barclays Group
|
|
|
£m
|
£m
|
£m
|
£m
|
|
Total income net of insurance claims
|
26,154
|
3,207
|
29,361
|
25,009
|
|
Credit impairment charges and other provisions
|
(2,378)
|
(962)
|
(3,340)
|
(3,340)
|
|
Net operating income
|
23,776
|
2,245
|
26,021
|
21,669
|
|
Operating expenses (excluding UK bank levy)
|
(16,209)
|
(2,008)
|
(18,217)
|
(20,667)
|
|
UK bank levy
|
(263)
|
(82)
|
(345)
|
(345)
|
|
Operating expenses
|
(16,472)
|
(2,090)
|
(18,562)
|
(21,012)
|
|
Other net income
|
75
|
65
|
140
|
140
|
|
Profit before tax
|
7,379
|
220
|
7,599
|
797
|
|
Attributable profit/(loss)1
|
4,120
|
515
|
4,635
|
(624)
|
|
|
|||||
Performance Measures
|
|||||
Return on average tangible shareholders' equity2,3
|
12.4%
|
(1.8%)
|
10.6%
|
(1.4%)
|
|
Return on average shareholders' equity2,3
|
10.1%
|
(1.1%)
|
9.0%
|
(1.2%)
|
|
Cost: income ratio
|
63%
|
65%
|
63%
|
84%
|
|
Loan loss rate (bps)
|
63
|
93
|
70
|
70
|
|
|
|||||
Basic earnings per share
|
31.6p
|
3.9p
|
35.5p
|
(4.8p)
|
|
Dividend per share
|
6.5p
|
||||
|
|||||
Balance Sheet
|
|||||
Net asset value per share4
|
414p
|
||||
Net tangible asset value per share4
|
349p
|
||||
|
|||||
Capital Management
|
|||||
CRD IV fully loaded
|
|||||
Risk weighted assets
|
£468bn
|
||||
|
|||||
Funding and Liquidity
|
|||||
Group liquidity pool
|
£150bn
|
||||
Loan: deposit ratio
|
110%
|
||||
Estimated liquidity coverage ratio
|
126%
|
||||
Estimated net stable funding ratio
|
112%
|
||||
|
|||||
Adjusted Profit Reconciliation
|
|||||
Adjusted profit before tax
|
7,599
|
||||
Own credit
|
(4,579)
|
||||
Gain on disposal of BlackRock, Inc. investment
|
227
|
||||
Provision for PPI redress
|
(1,600)
|
||||
Provision for interest rate hedging products redress
|
(850)
|
||||
Statutory profit before tax
|
797
|
1
|
Attributable profit/(loss) comprises profit/(loss) after tax and non-controlling interests.
|
2
|
2012 returns calculated using average allocated equity based on CRD III RWAs and capital deductions.
|
3
|
Return on average equity and average tangible equity for Barclays Non-Core represents the dilution for the Group.
|
4
|
Net asset value per share is calculated by dividing shareholders’ equity, excluding non-controlling and other equity interests, by the number of issued ordinary shares. Net tangible asset value per share is calculated by dividing shareholders’ equity, excluding non-controlling and other equity interests, less goodwill and intangible assets, by the number of issued ordinary shares.
|
Restated Barclays Core Results by Quarter
|
Q114
|
Q413
|
Q313
|
Q213
|
Q113
|
Q412
|
Q312
|
Q212
|
Q112
|
||
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
||
Total income net of insurance claims
|
6,277
|
6,189
|
6,076
|
6,773
|
6,824
|
6,115
|
6,278
|
6,658
|
7,103
|
||
Credit impairment charges and other provisions
|
(481)
|
(542)
|
(554)
|
(558)
|
(517)
|
(600)
|
(628)
|
(590)
|
(560)
|
||
Net operating income
|
5,796
|
5,647
|
5,522
|
6,215
|
6,307
|
5,515
|
5,650
|
6,068
|
6,543
|
||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(3,753)
|
(4,114)
|
(3,776)
|
(3,853)
|
(4,239)
|
(3,844)
|
(3,906)
|
(4,023)
|
(4,436)
|
||
UK bank levy
|
-
|
(395)
|
-
|
-
|
-
|
(263)
|
-
|
-
|
-
|
||
Costs to achieve Transform
|
(216)
|
(365)
|
(84)
|
(64)
|
(158)
|
-
|
-
|
-
|
-
|
||
Operating expenses
|
(3,969)
|
(4,874)
|
(3,860)
|
(3,917)
|
(4,397)
|
(4,107)
|
(3,906)
|
(4,023)
|
(4,436)
|
||
Other net income
|
20
|
15
|
15
|
13
|
43
|
21
|
12
|
31
|
11
|
||
Profit before tax
|
1,847
|
788
|
1,677
|
2,311
|
1,953
|
1,429
|
1,756
|
2,076
|
2,118
|
||
Attributable profit
|
1,053
|
601
|
1,009
|
1,360
|
1,315
|
687
|
895
|
1,157
|
1,381
|
||
|
Restated Barclays Non-Core Results by Quarter
|
Q114
|
Q413
|
Q313
|
Q213
|
Q113
|
Q412
|
Q312
|
Q212
|
Q112
|
||
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
||
Total income net of insurance claims
|
373
|
450
|
368
|
564
|
911
|
752
|
724
|
726
|
1,005
|
||
Credit impairment charges and other provisions
|
(67)
|
(176)
|
(168)
|
(367)
|
(189)
|
(226)
|
(177)
|
(335)
|
(224)
|
||
Net operating income
|
306
|
274
|
200
|
197
|
722
|
526
|
547
|
391
|
781
|
||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(442)
|
(664)
|
(485)
|
(507)
|
(542)
|
(500)
|
(447)
|
(532)
|
(529)
|
||
UK bank levy
|
-
|
(109)
|
-
|
-
|
-
|
(82)
|
-
|
-
|
-
|
||
Costs to achieve Transform
|
(24)
|
(103)
|
(17)
|
(62)
|
(356)
|
-
|
-
|
-
|
-
|
||
Operating expenses
|
(466)
|
(876)
|
(502)
|
(569)
|
(898)
|
(582)
|
(447)
|
(532)
|
(529)
|
||
Other net income/(expense)
|
6
|
4
|
10
|
(135)
|
11
|
21
|
9
|
10
|
25
|
||
(Loss)/profit before tax
|
(154)
|
(598)
|
(292)
|
(507)
|
(165)
|
(35)
|
109
|
(131)
|
277
|
||
Attributable (loss)/profit
|
(171)
|
(997)
|
(274)
|
(314)
|
(305)
|
53
|
179
|
(83)
|
366
|
||
|
2013 Personal and Corporate Banking
|
Restatement Adjustments
|
|
Income Statement Information
|
UK RBB (Published)
|
Corporate Banking (Published)
|
Wealth & Investment M'gment (Published)
|
Group Structure
|
Head Office Allocation
|
2013 as
Restated
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
Net interest income
|
3,395
|
1,987
|
859
|
(270)
|
(78)
|
5,893
|
Net fee and commission income
|
1,098
|
992
|
968
|
(335)
|
-
|
2,723
|
Net trading income
|
-
|
97
|
17
|
(60)
|
-
|
54
|
Net investment income
|
-
|
12
|
1
|
-
|
-
|
13
|
Net premiums from insurance contracts
|
46
|
-
|
-
|
(29)
|
-
|
17
|
Other income/(expense)
|
1
|
27
|
(6)
|
1
|
-
|
23
|
Total income
|
4,540
|
3,115
|
1,839
|
(693)
|
(78)
|
8,723
|
Net claims and benefits incurred under insurance contracts
|
(17)
|
-
|
-
|
17
|
-
|
-
|
Total income net of insurance claims
|
4,523
|
3,115
|
1,839
|
(676)
|
(78)
|
8,723
|
Credit impairment charges and other provisions
|
(347)
|
(510)
|
(121)
|
357
|
-
|
(621)
|
Net operating income
|
4,176
|
2,605
|
1,718
|
(319)
|
(78)
|
8,102
|
|
|
|||||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(2,812)
|
(1,641)
|
(1,586)
|
593
|
(14)
|
(5,460)
|
UK bank levy
|
(21)
|
(51)
|
(6)
|
-
|
12
|
(66)
|
Costs to achieve Transform
|
(175)
|
(114)
|
(158)
|
63
|
-
|
(384)
|
Operating expenses
|
(3,008)
|
(1,806)
|
(1,750)
|
656
|
(2)
|
(5,910)
|
|
|
|||||
Other net income
|
27
|
2
|
13
|
(1)
|
-
|
41
|
Profit/(loss) before tax
|
1,195
|
801
|
(19)
|
336
|
(80)
|
2,233
|
Attributable profit/(loss)1
|
917
|
247
|
(24)
|
606
|
(65)
|
1,681
|
|
|
|||||
Balance Sheet Information
|
|
|||||
Loans and advances to customers at amortised cost
|
£136.5bn
|
£61.1bn
|
£23.1bn
|
£(8.5bn)
|
£212.2bn
|
|
Loans and advances to customers at fair value
|
-
|
£15.7bn
|
-
|
£(15.4bn)
|
£0.3bn
|
|
Customer deposits
|
£135.5bn
|
£108.7bn
|
£63.4bn
|
£(11.7bn)
|
£295.9bn
|
|
Total assets2
|
£152.9bn
|
£113.9bn
|
£37.6bn
|
£(25.9bn)
|
£278.5bn
|
|
Risk weighted assets - fully loaded CRD IV2
|
£44.1bn
|
£70.5bn
|
£17.3bn
|
£(13.6bn)
|
£118.3bn
|
|
|
|
|||||
Performance Measures
|
|
|||||
Return on average tangible equity3
|
20.0%
|
3.3%
|
(1.4%)
|
12.7%
|
||
Return on average equity3
|
11.5%
|
3.1%
|
(1.0%)
|
9.7%
|
||
Cost: income ratio
|
67%
|
58%
|
95%
|
68%
|
||
Loan loss rate (bps)
|
25
|
77
|
51
|
28
|
1
|
Attributable profit comprises profit after tax and non-controlling interests.
|
2
|
2013 total assets and risk weighted assets include an allocation of liquidity pool assets previously held centrally.
|
3
|
As part of the restatement, 2013 returns have been revised for the impact of calculating average allocated equity based on estimated fully loaded CRD IV RWAs and capital deductions (previously based on CRD III).
|
2012 Personal and Corporate Banking
|
Restatement Adjustments
|
|
Income Statement Information
|
UK RBB (Published)
|
Corporate Banking (Published)
|
Wealth and Investment M'gment (Published)
|
Group Structure
|
Head Office Allocation
|
2012 as
Restated
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
Net interest income
|
3,190
|
1,911
|
856
|
(235)
|
8
|
5,730
|
Net fee and commission income
|
1,154
|
998
|
948
|
(323)
|
-
|
2,777
|
Net trading income
|
-
|
87
|
16
|
(86)
|
-
|
17
|
Net investment income
|
-
|
23
|
-
|
(2)
|
-
|
21
|
Net premiums from insurance contracts
|
74
|
-
|
-
|
(49)
|
-
|
25
|
Other (expense)/income
|
(1)
|
27
|
-
|
(17)
|
-
|
9
|
Total income
|
4,417
|
3,046
|
1,820
|
(712)
|
8
|
8,579
|
Net claims and benefits incurred under insurance contracts
|
(33)
|
-
|
-
|
33
|
-
|
-
|
Total income net of insurance claims
|
4,384
|
3,046
|
1,820
|
(679)
|
8
|
8,579
|
Credit impairment charges and other provisions
|
(269)
|
(885)
|
(38)
|
566
|
-
|
(626)
|
Net operating income
|
4,115
|
2,161
|
1,782
|
(113)
|
8
|
7,953
|
|
|
|||||
Operating expenses (excluding UK bank levy)
|
(2,877)
|
(1,672)
|
(1,505)
|
621
|
(23)
|
(5,456)
|
UK bank levy
|
(17)
|
(39)
|
(4)
|
-
|
11
|
(49)
|
Operating expenses
|
(2,894)
|
(1,711)
|
(1,509)
|
621
|
(12)
|
(5,505)
|
|
|
|||||
Other net income
|
4
|
10
|
1
|
(8)
|
-
|
7
|
Profit before tax
|
1,225
|
460
|
274
|
500
|
(4)
|
2,455
|
Attributable profit1
|
875
|
228
|
222
|
394
|
(16)
|
1,703
|
|
|
|||||
Balance Sheet Information
|
|
|||||
Loans and advances to customers at amortised cost
|
£128.1bn
|
£64.3bn
|
£21.3bn
|
£(9.9bn)
|
£203.8bn
|
|
Loans and advances to customers at fair value
|
-
|
£17.6bn
|
-
|
£(17.2bn)
|
£0.4bn
|
|
Customer deposits
|
£116.0bn
|
£99.6bn
|
£53.8bn
|
£(13.0bn)
|
£256.4bn
|
|
Total assets
|
£134.6bn
|
£87.8bn
|
£24.5bn
|
£(31.2bn)
|
£215.7bn
|
|
|
|
|||||
Performance Measures
|
|
|||||
Return on average tangible equity2
|
22.9%
|
3.1%
|
15.5%
|
15.0%
|
||
Return on average equity2
|
12.3%
|
2.9%
|
11.2%
|
11.1%
|
||
Cost: income ratio
|
66%
|
56%
|
83%
|
64%
|
||
Loan loss rate (bps)
|
21
|
127
|
17
|
30
|
1
|
Attributable profit comprises profit after tax and non-controlling interests.
|
2
|
2012 returns calculated using average allocated equity based on CRD III RWAs and capital deductions.
|
Personal and Corporate Banking
|
|
||||||||||
|
|
||||||||||
Income Statement Information
|
Q114
|
Q413
|
Q313
|
Q213
|
Q113
|
Q412
|
Q312
|
Q212
|
Q112
|
||
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
||
Total income net of insurance claims
|
2,173
|
2,166
|
2,252
|
2,192
|
2,113
|
2,153
|
2,151
|
2,146
|
2,129
|
||
Credit impairment charges and other provisions
|
(135)
|
(169)
|
(153)
|
(165)
|
(134)
|
(191)
|
(152)
|
(118)
|
(165)
|
||
Net operating income
|
2,038
|
1,997
|
2,099
|
2,027
|
1,979
|
1,962
|
1,999
|
2,028
|
1,964
|
||
Operating expenses (excluding UK bank levy and Costs to achieve Transform)
|
(1,298)
|
(1,388)
|
(1,318)
|
(1,378)
|
(1,376)
|
(1,337)
|
(1,356)
|
(1,329)
|
(1,434)
|
||
UK bank levy
|
-
|
(66)
|
-
|
-
|
-
|
(49)
|
-
|
-
|
-
|
||
Costs to achieve Transform
|
(57)
|
(219)
|
(73)
|
(55)
|
(37)
|
-
|
-
|
-
|
-
|
||
Operating expenses
|
(1,355)
|
(1,673)
|
(1,391)
|
(1,433)
|
(1,413)
|
(1,386)
|
(1,356)
|
(1,329)
|
(1,434)
|
||
Other net income/(expense)
|
5
|
3
|
1
|
7
|
30
|
3
|
7
|
(1)
|
(2)
|
||
Profit before tax
|
688
|
327
|
709
|
601
|
596
|
579
|
650
|
698
|
528
|
||
|
|
Barclaycard
|
Restatement Adjustments
|
Restatement Adjustments
|
|
Income Statement Information
|
2013 (Published)
|
Group Structure
|
Head Office Allocation
|
2013 as
Restated
|
2012 (Published)
|
Group Structure
|
Head Office Allocation
|
2012 as
Restated
|
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
|
Net interest income
|
3,318
|
(434)
|
(55)
|
2,829
|
3,009
|
(347)
|
(30)
|
2,632
|
|
Net fee and commission income
|
1,435
|
(179)
|
-
|
1,256
|
1,292
|
(126)
|
-
|
1,166
|
|
Net premiums from insurance contracts
|
26
|
(16)
|
-
|
10
|
36
|
(21)
|
-
|
15
|
|
Other income
|
7
|
1
|
-
|
8
|
7
|
(4)
|
-
|
3
|
|
Total income net of insurance claims
|
4,786
|
(628)
|
(55)
|
4,103
|
4,344
|
(498)
|
(30)
|
3,816
|
|
Credit impairment charges and other provisions
|
(1,264)
|
168
|
-
|
(1,096)
|
(1,049)
|
49
|
-
|
(1,000)
|
|
Net operating income
|
3,522
|
(460)
|
(55)
|
3,007
|
3,295
|
(449)
|
(30)
|
2,816
|
|
|
|
||||||||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(1,975)
|
200
|
(11)
|
(1,786)
|
(1,826)
|
164
|
(7)
|
(1,669)
|
|
UK bank levy
|
(24)
|
-
|
2
|
(22)
|
(16)
|
-
|
1
|
(15)
|
|
Costs to achieve Transform
|
(49)
|
-
|
-
|
(49)
|
-
|
-
|
-
|
-
|
|
Operating expenses
|
(2,048)
|
200
|
(9)
|
(1,857)
|
(1,842)
|
164
|
(6)
|
(1,684)
|
|
|
|
||||||||
Other net income
|
33
|
-
|
-
|
33
|
29
|
-
|
-
|
29
|
|
Profit before tax
|
1,507
|
(260)
|
(64)
|
1,183
|
1,482
|
(285)
|
(36)
|
1,161
|
|
Attributable profit1
|
1,006
|
(132)
|
(52)
|
822
|
975
|
(125)
|
(38)
|
812
|
|
|
|
||||||||
Balance Sheet Information
|
|
||||||||
Loans and advances to customers at amortised cost
|
£35.6bn
|
£(4.1bn)
|
£31.5bn
|
£33.8bn
|
£(5.0bn)
|
£28.8bn
|
|||
Customer deposits
|
£5.2bn
|
£(0.1bn)
|
£5.1bn
|
£2.8bn
|
£(0.1bn)
|
£2.7bn
|
|||
Total assets2
|
£38.9bn
|
£(4.5bn)
|
£34.4bn
|
£38.2bn
|
£(5.3bn)
|
£32.9bn
|
|||
Risk weighted assets - fully loaded
CRD IV2
|
£40.5bn
|
£(4.8bn)
|
£35.7bn
|
|
|||||
|
|
||||||||
Performance Measures
|
|
||||||||
Return on average tangible equity3
|
24.5%
|
19.9%
|
26.9%
|
23.7%
|
|||||
Return on average equity3
|
18.4%
|
15.5%
|
19.8%
|
18.0%
|
|||||
Cost: income ratio
|
43%
|
45%
|
42%
|
44%
|
|||||
Loan loss rate (bps)
|
337
|
332
|
294
|
328
|
1
|
Attributable profit comprises profit after tax and non-controlling interests.
|
2
|
2013 total assets and risk weighted assets include an allocation of liquidity pool assets previously held centrally.
|
3
|
As part of the restatement, 2013 returns have been revised for the impact of calculating average allocated equity based on estimated fully loaded CRD IV RWAs and capital deductions (previously based on CRD III). 2012 returns remain based on CRD III.
|
Barclaycard
|
|
||||||||||
|
|
||||||||||
Income Statement Information
|
Q114
|
Q413
|
Q313
|
Q213
|
Q113
|
Q412
|
Q312
|
Q212
|
Q112
|
||
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
||
Total income net of insurance claims
|
1,042
|
1,034
|
1,050
|
1,030
|
989
|
987
|
956
|
962
|
911
|
||
Credit impairment charges and other provisions
|
(269)
|
(266)
|
(290)
|
(272)
|
(268)
|
(265)
|
(259)
|
(242)
|
(234)
|
||
Net operating income
|
773
|
768
|
760
|
758
|
721
|
722
|
697
|
720
|
677
|
||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(402)
|
(457)
|
(455)
|
(424)
|
(450)
|
(472)
|
(401)
|
(402)
|
(394)
|
||
UK bank levy
|
-
|
(22)
|
-
|
-
|
-
|
(15)
|
-
|
-
|
-
|
||
Costs to achieve Transform
|
(13)
|
(38)
|
(6)
|
(5)
|
-
|
-
|
-
|
-
|
-
|
||
Operating expenses
|
(415)
|
(517)
|
(461)
|
(429)
|
(450)
|
(487)
|
(401)
|
(402)
|
(394)
|
||
Other net income
|
10
|
5
|
12
|
7
|
9
|
5
|
7
|
8
|
9
|
||
Profit before tax
|
368
|
256
|
311
|
336
|
280
|
240
|
303
|
326
|
292
|
||
|
|
Africa Banking
|
|
||||||||
|
Restatement Adjustments
|
Restatement Adjustments
|
|
Income Statement Information
|
Africa RBB
2013 (Published)
|
Group Structure
|
Head Office Allocation
|
2013 as
Restated
|
Africa RBB
2012 (Published)
|
Group Structure
|
Head Office Allocation
|
2012 as
Restated
|
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
|
Net interest income
|
1,437
|
662
|
146
|
2,245
|
1,654
|
531
|
128
|
2,313
|
|
Net fee and commission income
|
924
|
330
|
-
|
1,254
|
1,065
|
319
|
-
|
1,384
|
|
Net premiums from insurance contracts
|
359
|
15
|
-
|
374
|
417
|
15
|
-
|
432
|
|
Other income/(expense)
|
81
|
270
|
-
|
351
|
(1)
|
394
|
-
|
393
|
|
Total income
|
2,801
|
1,277
|
146
|
4,224
|
3,135
|
1,259
|
128
|
4,522
|
|
Net claims and benefits incurred under insurance contracts
|
(184)
|
(1)
|
-
|
(185)
|
(207)
|
(1)
|
-
|
(208)
|
|
Total income net of insurance claims
|
2,617
|
1,276
|
146
|
4,039
|
2,928
|
1,258
|
128
|
4,314
|
|
Credit impairment charges and other provisions
|
(324)
|
(155)
|
-
|
(479)
|
(632)
|
(63)
|
-
|
(695)
|
|
Net operating income
|
2,293
|
1,121
|
146
|
3,560
|
2,296
|
1,195
|
128
|
3,619
|
|
|
|
||||||||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(1,842)
|
(665)
|
56
|
(2,451)
|
(1,960)
|
(673)
|
49
|
(2,584)
|
|
UK bank levy
|
(28)
|
-
|
(14)
|
(42)
|
(24)
|
-
|
(10)
|
(34)
|
|
Costs to achieve Transform
|
(26)
|
-
|
-
|
(26)
|
-
|
-
|
-
|
-
|
|
Operating expenses
|
(1,896)
|
(665)
|
42
|
(2,519)
|
(1,984)
|
(673)
|
39
|
(2,618)
|
|
|
|
||||||||
Other net income
|
7
|
1
|
-
|
8
|
10
|
8
|
-
|
18
|
|
Profit before tax
|
404
|
457
|
188
|
1,049
|
322
|
530
|
167
|
1,019
|
|
Attributable profit/(loss)1
|
9
|
189
|
158
|
356
|
(4)
|
224
|
127
|
347
|
|
|
|
||||||||
Balance Sheet Information
|
|
||||||||
Loans and advances to customers at amortised cost
|
£24.2bn
|
£10.7bn
|
£34.9bn
|
£29.9bn
|
£11.3bn
|
£41.2bn
|
|||
Customer deposits
|
£16.9bn
|
£17.7bn
|
£34.6bn
|
£19.5bn
|
£20.2bn
|
£39.7bn
|
|||
Total assets
|
£33.5bn
|
£21.4bn
|
£54.9bn
|
£42.2bn
|
£22.7bn
|
£64.9bn
|
|||
Risk weighted assets - fully loaded
CRD IV
|
£22.8bn
|
£15.2bn
|
£38.0bn
|
|
|||||
|
|
||||||||
Performance Measures
|
|
||||||||
Return on average tangible equity2
|
0.8%
|
11.3%
|
(0.2%)
|
10.0%
|
|||||
Return on average equity2
|
0.4%
|
8.1%
|
(0.1%)
|
7.2%
|
|||||
Cost: income ratio
|
72%
|
62%
|
68%
|
61%
|
|||||
Loan loss rate (bps)
|
128
|
128
|
202
|
158
|
1
|
Attributable profit comprises profit after tax and non-controlling interests.
|
2
|
The equity used for return on equity has been restated to reflect Barclays’ share of the statutory equity of the BAGL entity (together with that of the Barclays Egypt and Zimbabwe businesses which remain outside the BAGL corporate entity), as well as Barclays’ goodwill on acquisition of these businesses. The tangible equity for return on tangible equity uses the same basis but excludes both Barclays’ goodwill on acquisition and the goodwill and intangibles held within the statutory equity.
|
Africa Banking
|
|
||||||||||
|
|
||||||||||
Income Statement Information
|
Q114
|
Q413
|
Q313
|
Q213
|
Q113
|
Q412
|
Q312
|
Q212
|
Q112
|
||
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
||
Total income net of insurance claims
|
878
|
980
|
1,004
|
1,016
|
1,039
|
1,064
|
1,043
|
1,090
|
1,117
|
||
Credit impairment charges and other provisions
|
(96)
|
(104)
|
(101)
|
(131)
|
(143)
|
(164)
|
(192)
|
(222)
|
(117)
|
||
Net operating income
|
782
|
876
|
903
|
885
|
896
|
900
|
851
|
868
|
1,000
|
||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(537)
|
(616)
|
(605)
|
(597)
|
(633)
|
(605)
|
(660)
|
(624)
|
(695)
|
||
UK bank levy
|
-
|
(42)
|
-
|
-
|
-
|
(34)
|
-
|
-
|
-
|
||
Costs to achieve Transform
|
(9)
|
(15)
|
(2)
|
(9)
|
-
|
-
|
-
|
-
|
-
|
||
Operating expenses
|
(546)
|
(673)
|
(607)
|
(606)
|
(633)
|
(639)
|
(660)
|
(624)
|
(695)
|
||
Other net income
|
4
|
-
|
3
|
4
|
1
|
12
|
3
|
1
|
2
|
||
Profit before tax
|
240
|
203
|
299
|
283
|
264
|
273
|
194
|
245
|
307
|
||
|
|
Investment Bank
|
|
||||||||
|
Restatement Adjustments
|
Restatement Adjustments
|
|
Income Statement Information
|
2013 (Published)
|
Group Structure
|
Head Office Allocation
|
2013 as
Restated
|
2012 (Published)
|
Group Structure
|
Head Office Allocation
|
2012 as
Restated
|
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
|
Net interest income
|
349
|
144
|
(100)
|
393
|
530
|
(292)
|
(29)
|
209
|
|
Net fee and commission income
|
3,236
|
(4)
|
-
|
3,232
|
3,029
|
(5)
|
-
|
3,024
|
|
Net trading income
|
6,610
|
(1,641)
|
-
|
4,969
|
7,688
|
(1,785)
|
-
|
5,903
|
|
Net investment income
|
530
|
(269)
|
-
|
261
|
521
|
(558)
|
-
|
(37)
|
|
Other income
|
8
|
(8)
|
-
|
-
|
7
|
(2)
|
-
|
5
|
|
Total income
|
10,733
|
(1,778)
|
(100)
|
8,855
|
11,775
|
(2,642)
|
(29)
|
9,104
|
|
Credit impairment (charges)/releases and other provisions
|
(220)
|
242
|
-
|
22
|
(204)
|
154
|
-
|
(50)
|
|
Net operating income
|
10,513
|
(1,536)
|
(100)
|
8,877
|
11,571
|
(2,488)
|
(29)
|
9,054
|
|
|
|
||||||||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(7,417)
|
1,259
|
(14)
|
(6,172)
|
(7,425)
|
1,074
|
(10)
|
(6,361)
|
|
UK bank levy
|
(333)
|
-
|
97
|
(236)
|
(206)
|
-
|
67
|
(139)
|
|
Costs to achieve Transform
|
(262)
|
72
|
-
|
(190)
|
-
|
-
|
-
|
-
|
|
Operating expenses
|
(8,012)
|
1,331
|
83
|
(6,598)
|
(7,631)
|
1,074
|
57
|
(6,500)
|
|
|
|
||||||||
Other net income
|
22
|
(22)
|
-
|
-
|
50
|
(50)
|
-
|
-
|
|
Profit before tax
|
2,523
|
(227)
|
(17)
|
2,279
|
3,990
|
(1,464)
|
28
|
2,554
|
|
Attributable profit1
|
1,548
|
(53)
|
20
|
1,515
|
2,680
|
(1,544)
|
99
|
1,235
|
|
|
|
||||||||
Balance Sheet Information
|
|
||||||||
Loans and advances to banks and customers at amortised cost
|
£149.3bn
|
£(44.8bn)
|
£104.5bn
|
£151.5bn
|
£(58.3bn)
|
£93.2bn
|
|||
Customer deposits
|
£86.0bn
|
£(25.5bn)
|
£60.5bn
|
£81.3bn
|
£(29.7bn)
|
£51.6bn
|
|||
Total assets2
|
£895.2bn
|
£(455.6bn)
|
£439.6bn
|
£1,097.7bn
|
£(697.4bn)
|
£400.3bn
|
|||
Risk weighted assets - fully loaded CRD IV2
|
£221.6bn
|
£(95.6bn)
|
£126.0bn
|
|
|||||
|
|
||||||||
Performance Measures
|
|
||||||||
Return on average tangible equity3
|
8.5%
|
9.8%
|
13.1%
|
10.1%
|
|||||
Return on average equity3
|
8.2%
|
9.4%
|
12.7%
|
9.6%
|
|||||
Cost: income ratio
|
75%
|
75%
|
65%
|
71%
|
|||||
Compensation: income ratio
|
43.2%
|
44.8%
|
39.6%
|
45.7%
|
|||||
Loan loss rate (bps)
|
14
|
(2)
|
13
|
6
|
|||||
|
|
||||||||
Analysis of Total Income
|
|
||||||||
Investment Banking
|
2,160
|
2,042
|
|||||||
Lending4
|
325
|
109
|
|||||||
Banking
|
2,485
|
2,151
|
|||||||
Macro5
|
2,580
|
3,559
|
|||||||
Credit5
|
1,257
|
1,402
|
|||||||
Equities
|
2,297
|
2.025
|
|||||||
Markets
|
6,134
|
6,986
|
|||||||
Other6
|
236
|
(33)
|
|||||||
Total income
|
8,855
|
9,104
|
1
|
Attributable profit comprises profit after tax and non-controlling interests.
|
2
|
2013 total assets and risk weighted assets reflect a reallocation of liquidity pool assets to other businesses.
|
3
|
As part of the restatement, 2013 returns have been revised for the impact of calculating average allocated equity based on estimated fully loaded CRD IV RWAs and capital deductions (previously based on CRD III). 2012 returns remain based on CRD III.
|
4
|
Lending income includes net interest income, fee income and risk management income or losses relating to the core loan portfolio. While net interest and fee income tends to be broadly stable over time, there is volatility in risk management income or losses.
|
5
|
Macro represent Rates, Currencies and Commodities income. Credit represent Credit and Securitised Products income.
|
6
|
Other income includes the £259m gain recognised in Q2 2013 in respect of assets not yet received from the 2008 US Lehman acquisition.
|
Results by Business
Investment Bank
|
|
||||||||||
|
|
||||||||||
Income Statement Information
|
Q114
|
Q413
|
Q313
|
Q213
|
Q113
|
Q412
|
Q312
|
Q212
|
Q112
|
||
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
||
Investment Banking
|
513
|
571
|
526
|
488
|
575
|
621
|
461
|
487
|
473
|
||
Lending
|
103
|
68
|
42
|
141
|
74
|
42
|
(38)
|
121
|
(16)
|
||
Banking
|
616
|
639
|
568
|
629
|
649
|
663
|
423
|
608
|
457
|
||
Macro
|
552
|
494
|
457
|
689
|
940
|
609
|
841
|
850
|
1,259
|
||
Credit
|
346
|
231
|
308
|
239
|
479
|
248
|
356
|
330
|
468
|
||
Equities
|
591
|
421
|
524
|
750
|
602
|
419
|
490
|
603
|
513
|
||
Markets
|
1,489
|
1,146
|
1,289
|
1,678
|
2,021
|
1,276
|
1,687
|
1,783
|
2,240
|
||
Other1
|
(2)
|
(3)
|
(6)
|
252
|
(7)
|
(8)
|
(8)
|
(7)
|
(10)
|
||
Total income
|
2,103
|
1,782
|
1,851
|
2,559
|
2,663
|
1,931
|
2,102
|
2,384
|
2,687
|
||
Credit impairment releases/(charges) and other provisions
|
19
|
(6)
|
(10)
|
10
|
28
|
21
|
(24)
|
(5)
|
(42)
|
||
Net operating income
|
2,122
|
1,776
|
1,841
|
2,569
|
2,691
|
1,952
|
2,078
|
2,379
|
2,645
|
||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(1,501)
|
(1,606)
|
(1,373)
|
(1,429)
|
(1,764)
|
(1,360)
|
(1,489)
|
(1,583)
|
(1,929)
|
||
UK bank levy
|
-
|
(236)
|
-
|
-
|
-
|
(139)
|
-
|
-
|
-
|
||
Costs to achieve Transform
|
(130)
|
(71)
|
(3)
|
-
|
(116)
|
-
|
-
|
-
|
-
|
||
Operating expenses
|
(1,631)
|
(1,913)
|
(1,376)
|
(1,429)
|
(1,880)
|
(1,499)
|
(1,489)
|
(1,583)
|
(1,929)
|
||
Profit/(loss) before tax
|
491
|
(137)
|
465
|
1,140
|
811
|
453
|
589
|
796
|
716
|
1
|
Other income includes the £259m gain recognised in Q2 2013 in respect of assets not yet received from the 2008 US Lehman acquisition.
|
Head Office and Other Operations
|
|
||||||||
|
Restatement Adjustments
|
Restatement Adjustments
|
|
Income Statement Information
|
2013 (Published)
|
Group Structure
|
Head Office Allocation Revisions
|
2013 as
Restated
|
2012 (Published)
|
Group Structure
|
Head Office Allocation Revisions
|
2012 as
Restated
|
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
|
Net interest (expense)/income
|
(165)
|
34
|
63
|
(68)
|
76
|
175
|
(161)
|
90
|
|
Net fee and commission expense
|
(109)
|
(8)
|
-
|
(117)
|
(198)
|
15
|
-
|
(183)
|
|
Net trading income
|
35
|
136
|
-
|
171
|
117
|
-
|
-
|
117
|
|
Net investment income
|
57
|
11
|
-
|
68
|
267
|
(43)
|
-
|
224
|
|
Net premiums from insurance contracts
|
25
|
-
|
-
|
25
|
38
|
-
|
-
|
38
|
|
Other income
|
33
|
30
|
-
|
63
|
56
|
(1)
|
-
|
55
|
|
Total (expense)/income
|
(124)
|
203
|
63
|
142
|
356
|
146
|
(161)
|
341
|
|
Credit impairment releases/(charges) and other provisions
|
2
|
1
|
-
|
3
|
(6)
|
(1)
|
-
|
(7)
|
|
Net operating (expense)/income
|
(122)
|
204
|
63
|
145
|
350
|
145
|
(161)
|
334
|
|
|
|
||||||||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(94)
|
(64)
|
45
|
(113)
|
(165)
|
(17)
|
43
|
(139)
|
|
UK bank levy
|
(15)
|
-
|
(14)
|
(29)
|
(19)
|
1
|
(8)
|
(26)
|
|
Costs to achieve Transform
|
(22)
|
-
|
-
|
(22)
|
-
|
-
|
-
|
-
|
|
Operating expenses
|
(131)
|
(64)
|
31
|
(164)
|
(184)
|
(16)
|
35
|
(165)
|
|
|
|
||||||||
Other net income
|
5
|
(1)
|
-
|
4
|
23
|
(2)
|
-
|
21
|
|
(Loss)/profit before tax
|
(248)
|
139
|
94
|
(15)
|
189
|
127
|
(126)
|
190
|
|
Attributable (loss)/profit1
|
(344)
|
102
|
153
|
(89)
|
(64)
|
104
|
(17)
|
23
|
|
|
|
||||||||
Balance Sheet Information
|
|
||||||||
Total assets2
|
£26.7bn
|
£(1.7bn)
|
£25.0bn
|
£41.3bn
|
£105.2bn
|
£146.5bn
|
|||
Risk weighted assets - fully loaded
CRD IV2
|
£2.5bn
|
£5.2bn
|
£7.7bn
|
|
1
|
Attributable loss/(profit) comprises (loss)/profit after tax and non-controlling interests.
|
2
|
2013 total assets and risk weighted assets reflect a reduction in the liquidity pool and a reallocation to businesses of liquidity pool assets previously held centrally.
|
Head Office and Other Operations
|
|
||||||||||
|
|
||||||||||
Income Statement Information
|
Q114
|
Q413
|
Q313
|
Q213
|
Q113
|
Q412
|
Q312
|
Q212
|
Q112
|
||
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
||
Total income/(expense) net of insurance claims
|
81
|
227
|
(81)
|
(24)
|
20
|
(20)
|
26
|
76
|
259
|
||
Credit impairment releases/(charges) and other provisions
|
-
|
3
|
-
|
-
|
-
|
(1)
|
(1)
|
(3)
|
(2)
|
||
Net operating income/(expense)
|
81
|
230
|
(81)
|
(24)
|
20
|
(21)
|
25
|
73
|
257
|
||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(15)
|
(47)
|
(25)
|
(25)
|
(16)
|
(70)
|
-
|
(85)
|
16
|
||
UK bank levy
|
-
|
(29)
|
-
|
-
|
-
|
(26)
|
-
|
-
|
-
|
||
Costs to achieve Transform
|
(7)
|
(22)
|
-
|
5
|
(5)
|
-
|
-
|
-
|
-
|
||
Operating expenses
|
(22)
|
(98)
|
(25)
|
(20)
|
(21)
|
(96)
|
-
|
(85)
|
16
|
||
Other net income/(expense)
|
1
|
7
|
(1)
|
(5)
|
3
|
1
|
(5)
|
23
|
2
|
||
Profit/(loss) before tax
|
60
|
139
|
(107)
|
(49)
|
2
|
(116)
|
20
|
11
|
275
|
||
|
|
Barclays Non-Core
|
Restatement Adjustments
|
Restatement Adjustments
|
|
Income Statement Information
|
Europe RBB 2013 (Published)
|
Group Structure
|
Head Office Allocation
|
2013 as restated
|
Europe RBB 2012 (Published)
|
Group Structure
|
Head Office Allocation
|
2012 as restated
|
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
|
Net interest income
|
420
|
(138)
|
25
|
307
|
428
|
167
|
85
|
680
|
|
Net fee and commission income
|
187
|
196
|
-
|
383
|
248
|
120
|
-
|
368
|
|
Net trading income
|
17
|
1,310
|
-
|
1,327
|
7
|
1,539
|
-
|
1,546
|
|
Net investment income
|
78
|
224
|
-
|
302
|
52
|
568
|
-
|
620
|
|
Net premiums from insurance contracts
|
276
|
30
|
-
|
306
|
331
|
55
|
-
|
386
|
|
Other (expense)/income
|
(4)
|
(4)
|
-
|
(8)
|
1
|
(2)
|
-
|
(1)
|
|
Total income
|
974
|
1,618
|
25
|
2,617
|
1,067
|
2,447
|
85
|
3,599
|
|
Net claims and benefits incurred under insurance contracts
|
(308)
|
(16)
|
-
|
(324)
|
(359)
|
(33)
|
-
|
(392)
|
|
Total income net of insurance claims
|
666
|
1,602
|
25
|
2,293
|
708
|
2,414
|
85
|
3,207
|
|
Credit impairment charges and other provisions
|
(287)
|
(613)
|
-
|
(900)
|
(257)
|
(705)
|
-
|
(962)
|
|
Net operating income
|
379
|
989
|
25
|
1,393
|
451
|
1,709
|
85
|
2,245
|
|
|
|
||||||||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(813)
|
(1,323)
|
(62)
|
(2,198)
|
(787)
|
(1,170)
|
(51)
|
(2,008)
|
|
UK bank levy
|
(26)
|
-
|
(83)
|
(109)
|
(20)
|
-
|
(62)
|
(82)
|
|
Costs to achieve Transform
|
(403)
|
(135)
|
-
|
(538)
|
-
|
-
|
-
|
-
|
|
Operating expenses
|
(1,242)
|
(1,458)
|
(145)
|
(2,845)
|
(807)
|
(1,170)
|
(113)
|
(2,090)
|
|
|
|
||||||||
Other net (expense)/income
|
(133)
|
23
|
-
|
(110)
|
13
|
52
|
-
|
65
|
|
(Loss)/profit before tax
|
(996)
|
(446)
|
(120)
|
(1,562)
|
(343)
|
591
|
(28)
|
220
|
|
Attributable (loss)1
|
(964)
|
(713)
|
(213)
|
(1,890)
|
(277)
|
947
|
(155)
|
515
|
|
|
|
||||||||
Balance Sheet Information
|
|
||||||||
Loans and advances to banks and customers at amortised cost
|
£37.4bn
|
£44.5bn
|
£81.9bn
|
£39.5bn
|
£59.6bn
|
£99.1bn
|
|||
Loans and advances to customers at fair value
|
-
|
£17.6bn
|
£17.6bn
|
-
|
£20.2bn
|
£20.2bn
|
|||
Customer deposits
|
£16.3bn
|
£13.0bn
|
£29.3bn
|
£17.6bn
|
£14.3bn
|
£31.9bn
|
|||
Total assets2
|
£45.0bn
|
£466.2bn
|
£511.2bn
|
£46.1bn
|
£605.7bn
|
£651.8bn
|
|||
Risk weighted assets - fully loaded
CRD IV2
|
£16.2bn
|
£93.7bn
|
£109.9bn
|
|
|||||
|
|
||||||||
Performance Measures
|
|
||||||||
Return on average tangible equity3
|
(9.8%)
|
(1.8%)
|
|||||||
Return on average equity3
|
(7.4%)
|
(1.1%)
|
|||||||
Cost: income ratio
|
124%
|
65%
|
|||||||
Loan loss rate (bps)
|
75
|
107
|
64
|
93
|
1
|
Attributable loss comprises loss after tax and non-controlling interests.
|
2
|
As part of the restatement, 2013 total assets and risk weighted assets include an allocation of liquidity pool assets previously held centrally.
|
3
|
Return on average equity and average tangible equity represents the dilution for the Group. 2012 returns based on CRD III.
|
Barclays Non-Core
|
|
||||||||||
|
|
||||||||||
Income Statement Information
|
Q114
|
Q413
|
Q313
|
Q213
|
Q113
|
Q412
|
Q312
|
Q212
|
Q112
|
||
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
||
Total income net of insurance claims
|
373
|
450
|
368
|
564
|
911
|
752
|
724
|
726
|
1,005
|
||
Credit impairment charges and other provisions
|
(67)
|
(176)
|
(168)
|
(367)
|
(189)
|
(226)
|
(177)
|
(335)
|
(224)
|
||
Net operating income
|
306
|
274
|
200
|
197
|
722
|
526
|
547
|
391
|
781
|
||
|
|
||||||||||
Operating expenses (excluding UK bank levy and costs to achieve Transform)
|
(442)
|
(664)
|
(485)
|
(507)
|
(542)
|
(500)
|
(447)
|
(532)
|
(529)
|
||
UK bank levy
|
-
|
(109)
|
-
|
-
|
-
|
(82)
|
-
|
-
|
-
|
||
Costs to achieve Transform
|
(24)
|
(103)
|
(17)
|
(62)
|
(356)
|
-
|
-
|
-
|
-
|
||
Operating expenses
|
(466)
|
(876)
|
(502)
|
(569)
|
(898)
|
(582)
|
(447)
|
(532)
|
(529)
|
||
Other net income/(expense)
|
6
|
4
|
10
|
(135)
|
11
|
21
|
9
|
10
|
25
|
||
(Loss)/profit before tax
|
(154)
|
(598)
|
(292)
|
(507)
|
(165)
|
(35)
|
109
|
(131)
|
277
|
||
|
|
Restated Returns and Equity by Business
|
|
|
Adjusted
|
|
Three Months Ended
|
Three Months Ended
|
Year Ended
|
Year Ended
|
|
|
31.03.14
|
31.03.131
|
31.12.13
|
31.12.121
|
|
Return on Average Equity
|
%
|
%
|
%
|
%
|
|
Personal and Corporate Banking
|
11.1
|
10.0
|
9.7
|
11.1
|
|
Barclaycard
|
18.1
|
15.0
|
15.5
|
18.0
|
|
Africa Banking2
|
11.1
|
9.5
|
8.1
|
7.2
|
|
Investment Bank
|
6.0
|
14.3
|
9.4
|
9.6
|
|
Barclays Core excluding Head Office
|
10.1
|
12.2
|
10.1
|
10.9
|
|
Head Office impact3
|
0.5
|
2.7
|
1.8
|
(0.8)
|
|
Barclays Core
|
10.6
|
14.9
|
11.9
|
10.1
|
|
Barclays Non-Core impact3
|
(4.2)
|
(7.3)
|
(7.4)
|
(1.1)
|
|
Barclays Group
|
6.4
|
7.6
|
4.5
|
9.0
|
|
|
|
|
|||
Return on Average Tangible Equity
|
|
|
|||
Personal and Corporate Banking
|
14.6
|
13.1
|
12.7
|
15.0
|
|
Barclaycard
|
22.5
|
19.4
|
19.9
|
23.7
|
|
Africa Banking2
|
15.5
|
13.2
|
11.3
|
10.0
|
|
Investment Bank
|
6.2
|
14.8
|
9.8
|
10.1
|
|
Barclays Core excluding Head Office
|
12.2
|
14.6
|
12.2
|
13.4
|
|
Head Office impact3
|
0.9
|
4.4
|
2.9
|
(1.0)
|
|
Barclays Core
|
13.1
|
19.0
|
15.1
|
12.4
|
|
Barclays Non-Core impact3
|
(5.6)
|
(10.0)
|
(9.8)
|
(1.8)
|
|
Barclays Group
|
7.5
|
9.0
|
5.3
|
10.6
|
1
|
As part of the restatement, 2013 returns have been revised for the impact of calculating average allocated equity based on estimated fully loaded CRD IV RWAs and capital deductions. 2012 returns remain based on CRD III.
|
2
|
Africa Banking equity used for return on equity has been restated to reflect Barclays’ share of the statutory equity of the BAGL entity (together with that of the Barclays Egypt and Zimbabwe businesses which remain outside the BAGL corporate entity), as well as Barclays’ goodwill on acquisition of these businesses. The tangible equity for return on tangible equity uses the same basis but excludes both Barclays’ goodwill on acquisition and the goodwill and intangibles held within the statutory equity.
|
3
|
Return on average equity and average tangible equity for Head Office and Barclays Non-Core represents the dilution for Barclays Core and the Group respectively.
|
Appendix I – Performance Management
Restated Returns and Equity by Business
|
|
|
Adjusted
|
|
Three Months Ended
|
Three Months Ended
|
Year ended
|
Year ended
|
|
|
31.03.14
|
31.03.13
|
31.12.13
|
31.12.12
|
|
Profit attributable to ordinary equity holders of the parent
|
£m
|
£m
|
£m
|
£m
|
|
Personal and Corporate Banking
|
480
|
427
|
1,681
|
1,703
|
|
Barclaycard
|
254
|
195
|
822
|
812
|
|
Africa Banking
|
103
|
114
|
356
|
347
|
|
Investment Bank
|
231
|
594
|
1,515
|
1,235
|
|
Head Office1
|
(15)
|
(15)
|
(89)
|
23
|
|
Barclays Core
|
1,053
|
1,315
|
4,285
|
4,120
|
|
Barclays Non-Core
|
(171)
|
(305)
|
(1,890)
|
515
|
|
Barclays Group
|
882
|
1,010
|
2,395
|
4,635
|
|
|
|
|
|||
|
Average Allocated Equity
|
|
£m
|
£m
|
£m
|
£m
|
|
Personal and Corporate Banking
|
17,385
|
17,062
|
17,330
|
15,353
|
|
Barclaycard
|
5,620
|
5,212
|
5,289
|
4,505
|
|
Africa Banking
|
3,699
|
4,799
|
4,387
|
4,855
|
|
Investment Bank
|
15,553
|
16,581
|
16,095
|
12,832
|
|
Head Office1
|
(2,636)
|
(8,377)
|
(7,136)
|
3,221
|
|
Barclays Core
|
39,621
|
35,277
|
35,965
|
40,766
|
|
Barclays Non-Core
|
15,215
|
17,532
|
17,053
|
10,805
|
|
Barclays Group
|
54,836
|
52,809
|
53,018
|
51,571
|
|
|
|
|
|||
|
Average Allocated Tangible Equity
|
|
£m
|
£m
|
£m
|
£m
|
|
Personal and Corporate Banking
|
13,125
|
12,998
|
13,198
|
11,381
|
|
Barclaycard
|
4,511
|
4,037
|
4,130
|
3,421
|
|
Africa Banking
|
2,662
|
3,473
|
3,160
|
3,465
|
|
Investment Bank
|
14,889
|
15,999
|
15,498
|
12,241
|
|
Head Office1
|
(3,035)
|
(8,872)
|
(7,589)
|
2,700
|
|
Barclays Core
|
32,152
|
27,635
|
28,397
|
33,208
|
|
Barclays Non-Core
|
15,020
|
17,255
|
16,771
|
10,523
|
|
Barclays Group
|
47,172
|
44,890
|
45,168
|
43,731
|
1
|
Includes risk weighted assets and capital deductions in Head Office, plus the residual balance of average ordinary shareholders’ equity and tangible ordinary shareholders’ equity.
|
Quarterly CTA Spend
|
|
Q113
|
Q213
|
Q313
|
Q413
|
Q114
|
Total CTA Spend to Date
|
|
||
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
|
||
Personal and Corporate Banking
|
(37)
|
(55)
|
(73)
|
(219)
|
(57)
|
(441)
|
|
|
Barclaycard
|
-
|
(5)
|
(6)
|
(38)
|
(13)
|
(62)
|
|
|
Africa Banking
|
-
|
(9)
|
(2)
|
(15)
|
(9)
|
(35)
|
|
|
Investment Bank
|
(116)
|
-
|
(3)
|
(71)
|
(130)
|
(320)
|
|
|
Head Office
|
(5)
|
5
|
-
|
(22)
|
(7)
|
(29)
|
|
|
Barclays Core
|
(158)
|
(64)
|
(84)
|
(365)
|
(216)
|
(887)
|
|
|
Barclays Non-Core
|
(356)
|
(62)
|
(17)
|
(103)
|
(24)
|
(562)
|
|
|
Barclays Group
|
(514)
|
(126)
|
(101)
|
(468)
|
(240)
|
(1,449)
|
|
|
|
|
|
||||||
|
|
||||||
Q1 2014 Restated Adjusted Performance Measures excluding CTA
|
|
Profit/(Loss) Before Tax
|
Return on Average Equity1
|
Cost: Income Ratio
|
|
31.03.14
|
31.03.13
|
31.03.14
|
31.03.14
|
|
|||
£m
|
£m
|
% Change
|
%
|
%
|
|
||
Personal and Corporate Banking
|
745
|
632
|
18
|
12.1%
|
60%
|
|
|
Barclaycard
|
381
|
280
|
36
|
18.7%
|
39%
|
|
|
Africa Banking
|
249
|
264
|
(6)
|
11.8%
|
61%
|
|
|
Investment Bank
|
621
|
927
|
(33)
|
8.3%
|
71%
|
|
|
Head Office
|
66
|
6
|
0.7%
|
19%
|
|
||
Barclays Core
|
2,062
|
2,109
|
(2)
|
12.2%
|
60%
|
|
|
Barclays Non-Core
|
(129)
|
191
|
(4.5%)
|
118%
|
|
||
Barclays Group
|
1,933
|
2,300
|
(16)
|
7.7%
|
63%
|
|
|
|
||||||
|
|
||||||
2013 and 2012 Restated Adjusted Performance Measures excluding CTA
|
|
Profit/(Loss) Before Tax
|
Return on Average Equity1
|
Cost: Income Ratio
|
|
31.12.13
|
31.12.12
|
31.12.13
|
31.12.13
|
|
|||
£m
|
£m
|
% Change
|
%
|
%
|
|
||
Personal and Corporate Banking
|
2,617
|
2,455
|
7
|
11.3%
|
63%
|
|
|
Barclaycard
|
1,232
|
1,161
|
6
|
16.2%
|
44%
|
|
|
Africa Banking
|
1,075
|
1,019
|
5
|
8.5%
|
62%
|
|
|
Investment Bank
|
2,470
|
2,554
|
(3)
|
10.2%
|
72%
|
|
|
Head Office
|
6
|
190
|
(97)
|
2.0%
|
100%
|
|
|
Barclays Core
|
7,400
|
7,379
|
-
|
13.2%
|
63%
|
|
|
Barclays Non-Core
|
(1,024)
|
220
|
(7.1%)
|
101%
|
|
||
Barclays Group
|
6,376
|
7,599
|
(16)
|
6.1%
|
66%
|
|
|
|
|
1
|
Return on average equity and average tangible equity for Head Office and Barclays Non-Core represents the dilution for Barclays Core and the Group respectively.
|
Appendix II – RWAs
CRD IV RWAs
|
Q1 2014
|
2013
|
|
£bn
|
£bn
|
Personal and Corporate Banking
|
116.1
|
118.3
|
Barclaycard
|
36.4
|
35.7
|
Africa Banking
|
36.6
|
38.0
|
Investment Bank
|
126.8
|
126.0
|
Head Office
|
7.5
|
7.7
|
Barclays Core
|
323.4
|
325.7
|
Barclays Non-Core
|
106.0
|
109.9
|
Barclays Group
|
429.4
|
435.6
|