-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DZyB37rldPftw2nugFtPq8ffO7/1PB0KE9P73WoBM+FJhhVI63SHLN7zjc0QE65c m5cgPTZONAmsHwg1+6lMew== 0001191638-07-002053.txt : 20070802 0001191638-07-002053.hdr.sgml : 20070802 20070802115804 ACCESSION NUMBER: 0001191638-07-002053 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070802 FILED AS OF DATE: 20070802 DATE AS OF CHANGE: 20070802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARCLAYS PLC CENTRAL INDEX KEY: 0000312069 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09246 FILM NUMBER: 071019165 BUSINESS ADDRESS: STREET 1: 1 CHURCHILL PLACE CITY: LONDON STATE: X0 ZIP: E14 5HP BUSINESS PHONE: 01100442076993139 MAIL ADDRESS: STREET 1: 1 CHURCHILL PLACE CITY: LONDON STATE: X0 ZIP: E14 5HP FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK PLC DATE OF NAME CHANGE: 19850313 FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK LTD DATE OF NAME CHANGE: 19820607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARCLAYS BANK PLC /ENG/ CENTRAL INDEX KEY: 0000312070 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10257 FILM NUMBER: 071019166 BUSINESS ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: E14 5HP CITY: LONDON ENGLAND STATE: X0 ZIP: E14 5HP BUSINESS PHONE: 2124124000 MAIL ADDRESS: STREET 1: 1 CHURCHILL PLACE STREET 2: E14 5HP CITY: LONDON ENGLAND STATE: X0 ZIP: E14 5HP FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS BANK INTERNATIONAL LTD DATE OF NAME CHANGE: 19850313 6-K 1 bar200708026k.txt INTERIM RESULTS 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 August, 2007 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 Interim Results - 02 August, 2007 - -------------------------------------------------------------------------------- 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: August 02, 2007 By: /s/ Patrick Gonsalves ---------------------- Patrick Gonsalves Deputy Secretary BARCLAYS BANK PLC (Registrant) Date: August 02, 2007 By: /s/ Patrick Gonsalves ---------------------- Patrick Gonsalves Joint Secretary Barclays Bank PLC Results Announcement 30th June 2007 Barclays Bank PLC 2nd August 2007 BARCLAYS BANK PLC BARCLAYS BANK PLC IS A WHOLLY OWNED SUBSIDIARY OF BARCLAYS PLC The Directors report the following results of the Barclays Bank PLC Group for the half-year ended 30th June 2007: CONSOLIDATED INCOME STATEMENT (UNAUDITED) Half year ended
30.06.07 31.12.06 30.06.06 GBPm GBPm GBPm Continuing operations --------- --------- --------- Interest income 12,037 11,261 10,544 Interest expense (7,450) (6,522) (6,140) --------- --------- --------- Net interest income 4,587 4,739 4,404 --------- --------- --------- Fee and commission income 4,292 3,928 4,077 Fee and commission expense (480) (403) (425) --------- --------- --------- Net fee and commission income 3,812 3,525 3,652 --------- --------- --------- Net trading income 2,810 1,429 2,203 Net investment income 396 588 374 --------- --------- --------- Principal transactions 3,206 2,017 2,577 Net premiums from insurance contracts 442 550 510 Other income 130 171 86 --------- --------- --------- Total income 12,177 11,002 11,229 Net claims and benefits incurred on insurance contracts (248) (342) (233) --------- --------- --------- Total income net of insurance claims 11,929 10,660 10,996 Impairment charges (959) (1,097) (1,057) --------- --------- --------- Net income 10,970 9,563 9,939 --------- --------- --------- Operating expenses excluding amortisation of intangible assets (6,760) (6,332) (6,206) Amortisation of intangible assets (87) (73) (63) --------- --------- --------- Operating expenses (6,847) (6,405) (6,269) Share of post-tax results of associates and joint ventures - 16 30 Profit on disposal of subsidiaries, associates and joint ventures 5 323 - --------- --------- --------- Profit before tax 4,128 3,497 3,700 Tax (1,158) (869) (1,072) --------- --------- --------- Profit for the period 2,970 2,628 2,628 --------- --------- --------- Profit attributable to minority interests 167 187 155 Profit attributable to equity holders 2,803 2,441 2,473 --------- --------- --------- 2,970 2,628 2,628 --------- --------- ---------
The information in this announcement, which was approved by the Board of Directors on 1st August 2007, does not comprise statutory accounts within the meaning of Section 240 of the Companies Act 1985 (the 'Act'). CONSOLIDATED BALANCE SHEET (UNAUDITED)
As at 30.06.07 31.12.06 30.06.06 GBPm GBPm GBPm Assets Cash and balances at central banks 4,785 6,795 6,777 Items in the course of collection from other banks 2,533 2,408 2,600 Trading portfolio assets 217,595 177,884 181,871 Financial assets designated at fair value: - - held on own account 46,171 31,799 18,833 - - held in respect of linked liabilities to customers under investment contracts 92,194 82,798 79,334 Derivative financial instruments 174,225 138,353 136,901 Loans and advances to banks 43,191 30,926 35,330 Loans and advances to customers 321,243 282,300 282,097 Available for sale financial investments 48,019 51,952 53,953 Reverse repurchase agreements and cash collateral on securities borrowed 190,546 174,090 171,869 Other assets 6,289 5,850 5,866 Current tax assets 345 557 - Investments in associates and joint ventures 228 228 560 Goodwill 6,635 6,092 5,968 Intangible assets 1,228 1,215 1,125 Property, plant and equipment 2,538 2,492 2,515 Deferred tax assets 774 764 776 ----------- ----------- ----------- Total assets 1,158,539 996,503 986,375 ----------- ----------- ----------- CONSOLIDATED BALANCE SHEET (UNAUDITED) As at 30.06.07 31.12.06 30.06.06 GBPm GBPm GBPm Liabilities Deposits from banks 87,429 79,562 86,221 Items in the course of collection due to other banks 2,206 2,221 2,700 Customer accounts 292,650 256,754 253,200 Trading portfolio liabilities 79,252 71,874 74,719 Financial liabilities designated at fair value 63,490 53,987 43,594 Liabilities to customers under investment contracts 93,735 84,637 81,380 Derivative financial instruments 177,777 140,697 138,982 Debt securities in issue 118,745 111,137 102,198 Repurchase agreements and cash collateral on securities lent 181,093 136,956 146,165 Other liabilities 10,908 10,337 10,767 Current tax liabilities 1,003 1,020 592 Insurance contract liabilities, including 3,770 3,878 3,558 unit-linked liabilities Subordinated liabilities: - Undated loan capital - non convertible 5,697 5,422 4,743 - Dated loan capital - convertible 24 25 38 - Dated loan capital - non convertible 9,346 8,339 8,848 Deferred tax liabilities 258 282 430 Other provisions for liabilities 527 462 474 Retirement benefit liabilities 1,840 1,807 1,976 ----------- ----------- ----------- Total liabilities 1,129,750 969,397 960,585 ----------- ----------- ----------- Shareholders' equity Called up share capital 2,366 2,363 2,357 Share premium account 9,493 9,452 9,354 Available for sale reserve 258 184 32 Cash flow hedging reserve (407) (230) (172) Other shareholders' funds 2,565 2,534 2,570 Translation reserve (486) (438) (176) Retained earnings 13,190 11,556 10,217 ----------- ----------- ----------- Shareholders' equity excluding minority interests 26,979 25,421 24,182 Minority interests 1,810 1,685 1,608 ----------- ----------- ----------- Total shareholders' equity 28,789 27,106 25,790 ----------- ----------- ----------- Total liabilities and shareholders' equity 1,158,539 996,503 986,375 ----------- ----------- ----------- CONSOLIDATED STATEMENT OF RECOGNISED INCOME AND EXPENSE (UNAUDITED) Half-year ended 30.06.07 31.12.06 30.06.06 GBPm GBPm GBPm Net movements in available for sale reserve 63 202 (322) Net movements in cash flow hedging reserve (280) (68) (419) Net movements in currency translation reserve (48) (186) (595) Tax 37 (14) 267 Other movements 23 (5) 30 ----------- ----------- ----------- Amounts included directly in equity (205) (71) (1,039) Profit for the period 2,970 2,628 2,628 ----------- ----------- ----------- Total recognised income and expense for the year 2,765 2,557 1,589 ----------- ----------- ----------- Attributable to: Equity holders 2,655 2,414 1,718 Minority interests 110 143 (129) ----------- ----------- ----------- 2,765 2,557 1,589 ----------- ----------- -----------
The consolidated statement of recognised income and expense reflects all items of income and expense for the period, including items taken directly to equity. Movements in individual reserves are shown including amounts which relate to minority interests; the impact of such amounts is then reflected in the amount attributable to such interests. Movements in individual reserves are also shown on a pre-tax basis with any related tax recorded on the separate tax line. The available for sale reserve reflects gains or losses arising from the change in fair value of available for sale financial assets except for items recorded in the income statement which are: impairment losses; gains or losses transferred to the income statement due to fair value hedge accounting; and foreign exchange gains or losses on monetary items such as debt securities. When an available for sale asset is impaired or derecognised, the cumulative gain or loss previously recognised in the available for sale reserve is transferred to the income statement. The movement in the first half of 2007 primarily reflects the recognition of net unrealised gains from changes in fair value partially offset by the transfer of net realised gains. Cash flow hedging aims to minimise exposure to variability in cash flows that is attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction that could affect profit or loss. The portion of the gain or loss on the hedging instrument that is deemed to be an effective hedge is recognised in the cash flow hedging reserve. The gains and losses deferred in this reserve will be transferred to the income statement in the same period or periods during which the hedged item is recognised in the income statement. The movement in the first half of 2007 primarily reflects net unrealised losses from changes in the fair value of the hedging instruments partially offset by the transfer of net losses to the income statement. Exchange differences arising on the net investments in foreign operations and effective hedges of net investments are recognised in the currency translation reserve and transferred to the income statement on the disposal of the net investment. The movement in the first half of 2007 primarily reflects changes in the value of the US Dollar on net investments and the impact of changes in the value of the Rand on the minority interest in Absa Group Limited partially offset by the impact of other currency movements on net investments which are hedged on a post-tax basis. The US Dollar net investments are economically hedged through US Dollar-denominated preference share capital, which is not revalued for accounting purposes. SUMMARY CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED)
Half-year ended 30.06.07 31.12.06 30.06.06 GBPm GBPm GBPm Net cash flow from operating activities 2,934 954 9,103 Net cash flow from investing activities 3,990 161 (1,338) Net cash flow from financing activities 755 (1,028) 1,593 Effects of exchange rate on cash and cash equivalents (196) 938 (386) -------- -------- -------- Net increase in cash and cash equivalents 7,483 1,025 8,972 Cash and cash equivalents at beginning of period 30,402 29,377 20,405 -------- -------- -------- Cash and cash equivalents at end of period 37,885 30,402 29,377 -------- -------- --------
In order to provide more relevance to users and to enhance the comparability of its financial statement presentation, the Group has changed certain classification within the cash flow statement in 2006. Certain activities which were categorised as operating activities have been reclassified as financing activities and investing activities. NOTES 1. Authorised share capital Ordinary shares The authorised ordinary share capital of Barclays Bank PLC at 30th June 2007 was 3,000 million (31st December 2006: 3,000 million) ordinary shares of GBP1 each.
Preference shares 30.06.07 31.12.06 30.06.06 '000 '000 '000 Authorised share capital - shares of GBP1 each 1 1 1 Authorised share capital - shares of GBP100 each 400 400 400 Authorised share capital - shares of US$0.25 each 80,000 80,000 80,000 Authorised share capital - shares of US$100 each 400 400 400 Authorised share capital - shares of EUR100 each 400 400 400
2. Issued share capital Ordinary shares The issued ordinary share capital of Barclays Bank PLC at 30th June 2007 comprised 2,332 million (31st December 2006: 2,329 million) ordinary shares of GBP1 each. The whole of the issued ordinary share capital of Barclays Bank PLC at 30th June 2007 is beneficially owned by Barclays PLC. Preference shares The issued preference share capital of Barclays Bank PLC at 30th June 2007 comprised GBP34m (31st December 2006: GBP34m) of preference shares of the following denominations:
30.06.07 31.12.06 30.06.06 '000 '000 '000 Issued and fully paid shares of GBP1 each 1 1 1 Issued and fully paid shares of GBP100 each 75 75 75 Issued and fully paid shares of US$0.25 each 30,000 30,000 30,000 Issued and fully paid shares of US$100 each 100 100 100 Issued and fully paid shares of EUR100 each 240 240 240
3. Staff numbers On a full time equivalent basis the total permanent and fixed term contract staff at 30th June 2007 was 127,000 (31st December 2006: 122,600). Additionally, agency staff totalled 15,000 (31st December 2006: 9,100). -----END PRIVACY-ENHANCED MESSAGE-----