barc201604146k.htm
 
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
 
April 14, 2016
 
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
 
 
2015 & 2014 Results Restatement dated 14 April 2016







 




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: April 14,2016
 
 
By: /s/ Marie Smith
----------------------
Marie Smith
Assistant Secretary
 
 
 
 
BARCLAYS BANK PLC
(Registrant)



Date: April 14, 2016
 
 
By: /s/ Marie Smith
----------------------
Marie Smith
Assistant Secretary
 
 


Barclays PLC
 
 
Group Reporting Changes
 
 
2015 & 2014 Results Restatement Document
 
Table of Contents
 
 
Restatement Document
 
Page
Overview of Reporting Changes
3-4
Performance Highlights
5-6
Results by Business
  
· Barclays UK
7-9
· Barclays Corporate & International
10-12
· Head Office
13
· Barclays Non-Core
14-15
· Discontinued Operation: Barclays Africa
16-17
Barclays Results by Quarter
18-26
Performance Management
27
 
BARCLAYS PLC, 1 CHURCHILL PLACE, LONDON, E14 5HP, UNITED KINGDOM. TELEPHONE: +44 (0) 20 7116 1000. COMPANY NO. 48839
 




Notes
 
 
The term Barclays or Group refers to Barclays PLC together with its subsidiaries. The abbreviations '£m' and '£bn' represent millions and thousands of millions of Pounds Sterling respectively.
 
 
Notable items are considered to be significant items impacting performance and have been called out for each of the business segments. Notable items include: gains on US Lehman acquisition assets; the impact of own credit; provisions for UK customer redress; provisions for ongoing investigations and litigation including Foreign Exchange; gain on valuation of a component of the defined retirement benefit liability; impairment of goodwill and other assets relating to businesses being disposed; losses on sale relating to the Spanish, Portuguese and Italian businesses; and revision of Education, Social Housing, and Local Authority (ESHLA) valuation methodology.
 
 
Relevant terms that are used in this document but are not defined under applicable regulatory guidance or International Financial Reporting Standards (IFRS) are explained in the Results glossary that can be accessed at www.barclays.com/results.
 
 
The information in this announcement does not comprise statutory accounts within the meaning of Section 434 of the Companies Act 2006. Statutory accounts for the year ended 31 December 2015, which included 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 (SEC) and which contained an unqualified audit report under Section 495 of the Companies Act 2006 (which did not make any statements under Section 498 of the Companies Act 2006) have been delivered to the Registrar of Companies in accordance with Section 441 of the Companies Act 2006.
 
 
These results will be furnished as a Form 6-K to the SEC as soon as practicable following their publication. Once furnished with the SEC, copies of the Form 6-K will also be available from the Barclays Investor Relations website www.barclays.com/investorrelations and from the SEC's website at www.sec.gov.
 
 
Barclays is a frequent issuer in the debt capital markets and regularly meets with investors via formal road-shows and other ad hoc meetings. Consistent with its usual practice, Barclays expects that from time to time over the coming quarter it will meet with investors globally to discuss these results and other matters relating to the Group.
 
 
Forward-looking statements
 
 
This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and Section 27A of the US Securities Act of 1933, as amended, with respect to the Group. Barclays cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as 'may', 'will', 'seek', 'continue', 'aim', 'anticipate', 'target', 'projected', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', 'achieve' or other words of similar meaning. Examples of forward-looking statements include, among others, statements regarding the Group's future financial position, income growth, assets, impairment charges and provisions, business strategy, capital, leverage and other regulatory ratios, payment of dividends (including dividend pay-out ratios), projected levels of growth in the banking and financial markets, projected costs or savings, original and revised commitments and targets in connection with the strategic cost programme and the Group Strategy Update, rundown of assets and businesses within Barclays Non-Core, estimates of capital expenditures and plans and objectives for future operations, projected employee numbers and other statements that are not historical fact. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. These may be affected by changes in legislation, the development of standards and interpretations under IFRS, evolving practices with regard to the interpretation and application of accounting and regulatory standards, the outcome of current and future legal proceedings and regulatory investigations, future levels of conduct provisions, the policies and actions of governmental and regulatory authorities, geopolitical risks and the impact of competition. In addition, factors including (but not limited to) the following may have an effect: capital, leverage and other regulatory rules (including with regard to the future structure of the Group) applicable to past, current and future periods; UK, US, Africa, Eurozone and global macroeconomic and business conditions; the effects of continued volatility in credit markets; market related risks such as changes in interest rates and foreign exchange rates; effects of changes in valuation of credit market exposures; changes in valuation of issued securities; volatility in capital markets; changes in credit ratings of any entities within the Group or any securities issued by such entities; the potential for one or more countries exiting the Eurozone; the implementation of the strategic cost programme; and the success of future acquisitions, disposals and other strategic transactions. A number of these influences and factors are beyond the Group's control. As a result, the Group's actual future results, dividend payments, and capital and leverage ratios may differ materially from the plans, goals, and expectations set forth in the Group's forward-looking statements. Additional risks and factors which may impact the Group's future financial condition and performance are identified in our filings with the SEC (including, without limitation, our Annual Report on Form 20-F for the fiscal year ended 31 December 2015), which are available on the SEC's website at www.sec.gov.
 
 
Subject to our obligations under the applicable laws and regulations of the United Kingdom and the United States in relation to disclosure and ongoing information, we undertake no obligation to update publicly or revise any forward looking statements, whether as a result of new information, future events or otherwise.
 
 
Overview of Reporting Changes
 
This document provides details of the impact on the Group's financial reporting as a result of the business reorganisation outlined in the 2015 Results Announcement on 1 March 2016, and provides the restated quarterly and full year 2015 and 2014 segmental results.
 
Segmental restatements
 
·
The Group is being simplified to focus on two core operating segments in preparation for regulatory ring fencing requirements:
 
-
Barclays UK
 
-
Barclays Corporate & International
     
·
Given the intention to sell down Barclays' 62.3% interest in Barclays Africa Group Limited (BAGL) we have treated the Barclays Africa results in the Group financials as a discontinued operation
     
·
The Non-Core segment has been enlarged, with the transfer to the segment of approximately £8bn of risk weighted assets (RWAs)
 
Barclays UK
The segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses; previously reported in the Personal and Corporate Banking (PCB) segment; and the Barclaycard UK consumer credit cards business, previously reported in the Barclaycard segment.
 
Barclays UK businesses are now being run as a single segment and represent the businesses that are intended to form the UK ring-fenced bank by 2019. The segment comprises the UK retail banking operations (Personal Banking), the UK consumer credit card business (Barclaycard Consumer UK), and the UK-based wealth, entrepreneurs and business banking offerings (Wealth, Entrepreneurs & Business Banking).
 
With around 24 million combined personal and card customers including one million wealth, entrepreneurs and business banking clients, it is a pre-eminent UK financial services provider. The bringing together of these businesses allows Barclays to service these customers and clients more effectively and efficiently, resulting in improved customer and client experiences and enabling income and cost synergies.
 
Barclays Corporate & International
The segment incorporates the previously reported Investment Bank segment; the large UK Corporate, and international Corporate and Wealth businesses, previously reported in the PCB segment; and the international Barclaycard business (consisting of the US, German and Nordic consumer credit cards businesses), and Barclaycard Business Solutions (including merchant acquiring), previously reported in the Barclaycard segment.
 
Barclays Corporate & International comprises the businesses that are intended to form the non-ring-fenced bank by 2019, remaining within Barclays Bank PLC and certain subsidiaries. The segment comprises the combined Corporate and Investment Bank (CIB) and international Consumer, Cards & Payments businesses.
 
CIB brings together a top-tier global investment bank and our corporate banking franchise. The Consumer, Cards & Payments business incorporates the strong and growing US and international credit cards business, the international wealth offering, and leading payments capability. Barclays Corporate & International has scale in wholesale and corporate banking, and consumer lending, strength in key markets, strong growth potential, and good balance in income streams, delivering further resilience and diversification.
 
Barclays Africa
On 1 March 2016, Barclays announced its intention to sell down the Group's 62.3% interest in BAGL. This sell down is intended to be to a level which will permit deconsolidation from an accounting and regulatory perspective, subject to shareholder and regulatory approvals if and as required.
 
The Barclays Africa business meets the requirements for presentation as a discontinued operation. As such, the BAGL results for 2015 and 2014 have been presented as two lines on the face of the Group income statement, representing the profit after tax and non-controlling interest in respect of the discontinued operation. Were the market capitalisation of BAGL to fall below the carrying amount of the net assets of BAGL, a resulting impairment to Barclays' stake in BAGL would also be recognised through these lines.
 
The Egypt and Zimbabwe businesses previously reported in the Africa Banking segment, but which are not owned by BAGL, have been transferred to Barclays Non-Core.
 
RWAs and leverage exposure in respect of the Barclays Africa discontinued operation are shown within the Head Office as they continue to be part of the regulatory balance sheet.
 
Barclays Non-Core (BNC)
On 1 March 2016, a one-time expansion of the Non-Core perimeter by £8bn of RWAs was announced, representing further businesses and assets planned to be exited over 2016 and 2017. This expansion principally related to the exiting of nine countries and certain product lines, previously reported in the Investment Bank segment (£3bn of RWAs), the Egypt and Zimbabwe businesses, previously reported in the Africa Banking segment (£2bn of RWAs), the Asian Wealth business, previously reported in the PCB segment (£1bn of RWAs) and the Southern European credit cards business, previously reported in the Barclaycard segment (£1bn of RWAs).
 
In addition, the Barclays Wealth Americas business, previously reported in the PCB segment, is included in Non-Core. The sale of this business completed in December 2015.
 
Presentation of performance highlights and results
 
In order to simplify reporting, going forward Group results will be primarily reported on a statutory rather than adjusted basis. The impact of notable items (equivalent to previously reported adjusting items) will however be identified, including their impact on return on average tangible equity and basic earnings per share.
 
Basis of segment allocations
 
Key judgments around the allocation of activity and related financial metrics between reporting segments include the following:
 
Operating and other expenses
Costs of trading activity are reported within the relevant segment. Where it has been necessary to make allocations of such costs between operating segments, this has been done with the objective of reporting costs in the segment that has received the related benefit.
 
RWAs
RWAs have been allocated to new operating segments directly, where possible, based on the movement of relevant risk exposures. Where RWAs are not directly attributable to specific exposures, allocation methodologies have been devised using appropriate drivers based on either the underlying risk profile or business performance.
 
Returns and equity by business
Segment returns are calculated as attributable profit divided by average allocated tangible equity. To align with 2016 reporting, historic average allocated tangible equity for each segment has been restated to use 11.5% (previously 10.5%) of CRD IV fully loaded RWAs for each segment, adjusted for CRD IV fully loaded capital deductions.
 
The tangible equity allocated to the Barclays Africa discontinued operation is held in Head Office.
 
Head Office allocations
The Group continues to allocate elements of the Head Office performance to business segments, so that the aggregation of those businesses' results is closely aligned to the Group's results. The methodologies used for these allocations are regularly reassessed. As part of this restatement an additional £45bn (as at December 2015) of the Group liquidity pool assets have been allocated from Head Office to business segments relating to liquidity requirements. Historic impacts on segment income and RWAs relating to these changes are immaterial. Own credit will be reported within the Head Office.
 
Performance Highlights
 
A summary of the financial results for the resegmented Group for the year ended 31 December 2015 and 2014, as will be reported going forward, are shown in the tables below:
 
2015 Barclays restated results
  
 
Barclays UK
Barclays Corporate & International
Head Office
Core
Non-Core
Group
 
£m
£m
£m
£m
£m
£m
Total income net of insurance claims
7,343
13,747
338
21,428
612
22,040
Credit impairment charges and other provisions
(706)
(922)
-
(1,628)
(134)
(1,762)
Net operating income
6,637
12,825
338
19,800
478
20,278
Operating expenses
(3,464)
(8,029)
(272)
(11,765)
(1,958)
(13,723)
UK bank levy
(77)
(253)
(8)
(338)
(88)
(426)
Litigation and conduct
(2,511)
(1,310)
(66)
(3,887)
(500)
(4,387)
Total operating expenses
(6,052)
(9,592)
(346)
(15,990)
(2,546)
(18,536)
Other net income/(expenses)
-
45
(106)
(61)
(535)
(596)
Profit/(loss) before tax
585
3,278
(114)
3,749
(2,603)
1,146
Tax (charge)/credit
      
(1,479)
330
(1,149)
Profit/(loss) after tax in respect of continuing operations
      
2,270
(2,273)
(3)
Profit after tax in respect of discontinued operation1
          
626
Non-controlling interests in respect of continuing operations
      
(266)
(82)
(348)
Non-controlling interests in respect of discontinued operation1
          
(324)
Other equity holders
      
(282)
(63)
(345)
Attributable (loss)/profit
(47)
1,758
11
1,722
(2,418)
(394)
             
Performance measures
            
Return on average tangible equity
(0.3%)
7.2%
  
4.8%
  
(0.7%)
Cost: income ratio
82%
70%
  
75%
  
84%
Loan loss rate (bps)
42
49
  
45
23
42
Basic earnings/(loss) per share
      
10.7p
(14.4p)
(1.9p)
             
Capital management
£bn
£bn
£bn
£bn
£bn
£bn
Risk weighted assets2
70
195
40
304
54
358
Leverage exposure2
      
879
149
1,028
             
Notable items
£m
£m
£m
£m
£m
£m
Gains on US Lehman acquisition assets
-
496
-
496
-
496
Own credit
-
-
430
430
-
430
Provisions for UK customer redress
(2,431)
(218)
-
(2,649)
(123)
(2,772)
Provisions for ongoing investigations and litigation including Foreign Exchange
-
(984)
(52)
(1,036)
(201)
(1,237)
Gain on valuation of a component of the defined retirement benefit liability
296
133
-
429
-
429
Impairment of goodwill and other assets relating to businesses being disposed
-
-
-
-
(96)
(96)
Losses on sale relating to the Spanish, Portuguese and Italian businesses
-
-
(112)
(112)
(468)
(580)
             
Performance measures excluding notable items
        
Return on average tangible equity
21.1%
9.5%
  
11.2%
  
5.8%
Basic earnings/(loss) per share
      
24.9p
(10.2p)
16.6p

 
1
Refer to page 16 for further information on discontinued operation.
2
RWAs and leverage exposure for Barclays Africa are shown within Head Office.


 
2014 Barclays restated results
  
 
Barclays UK
Barclays Corporate & International
Head Office
Core
Non-Core
Group
 
£m
£m
£m
£m
£m
£m
Total income net of insurance claims
7,436
12,908
276
20,620
1,143
21,763
Credit impairment charges and other provisions
(901)
(679)
-
(1,580)
(241)
(1,821)
Net operating income
6,535
12,229
276
19,040
902
19,942
Operating expenses
(4,108)
(8,170)
(70)
(12,348)
(2,611)
(14,959)
UK bank levy
(59)
(248)
(9)
(316)
(102)
(418)
Litigation and conduct
(1,108)
(1,333)
(65)
(2,506)
(301)
(2,807)
Total operating expenses
(5,275)
(9,751)
(144)
(15,170)
(3,014)
(18,184)
Other net income/(expenses)
-
52
316
368
(813)
(445)
Profit/(loss) before tax
1,260
2,530
448
4,238
(2,925)
1,313
Tax (charge)/credit
      
(1,590)
469
(1,121)
Profit/(loss) after tax in respect of continuing operations
      
2,648
(2,456)
192
Profit after tax in respect of discontinued operation1
          
653
Non-controlling interests in respect of continuing operations
      
(303)
(146)
(449)
Non-controlling interests in respect of discontinued operation1
          
(320)
Other equity holders
      
(193)
(57)
(250)
Attributable profit/(loss)
852
926
374
2,152
(2,659)
(174)
             
Performance measures
            
Return on average tangible equity
9.5%
3.8%
  
7.0%
  
(0.3%)
Cost: income ratio
71%
76%
  
74%
  
84%
Loan loss rate (bps)
53
35
  
43
39
42
Basic earnings/(loss) per share
      
13.4p
(16.2p)
(0.7p)
             
Capital management
£bn
£bn
£bn
£bn
£bn
£bn
Risk weighted assets2
69
202
42
313
89
402
Leverage exposure2
      
917
316
1,233
             
Notable items
£m
£m
£m
£m
£m
£m
Gains on US Lehman acquisition assets
-
461
-
461
-
461
Own credit
-
-
34
34
-
34
Revision of ESHLA valuation methodology
-
-
-
-
(935)
(935)
Provisions for UK customer redress
(1,067)
32
-
(1,035)
(75)
(1,110)
Provisions for ongoing investigations and litigation including Foreign Exchange
-
(1,250)
-
(1,250)
-
(1,250)
Losses on sale relating to the Spanish business
-
-
315
315
(761)
(446)
             
Performance measures excluding notable items
  
Return on average tangible equity
18.9%
7.0%
  
11.2%
  
5.9%
Basic earnings/(loss) per share
      
22.0p
(6.7p)
17.3p

 
1
Refer to page 17 for further information on discontinued operation.
2
RWAs and leverage exposure for Barclays Africa are shown within Head Office.
 
 
Results by Business
 
2015 Barclays UK
 
Analysis of Barclays UK between Personal Banking, Barclaycard Consumer UK and Wealth, Entrepreneurs & Business Banking is shown on page 9.
 
 
 
PCB
(Published)
Barclaycard
(Published)
Moves to Barclays Corporate & International1
Non-Core moves
Head Office moves
Barclays UK (excluding notable items)
Notable items
2015 as Restated
Income statement information
£m
£m
£m
£m
£m
£m
£m
£m
Net interest income
6,438
3,520
(3,723)
(262)
-
5,973
-
5,973
Net fee, commission and other income
2,288
1,407
(2,164)
(161)
-
1,370
-
1,370
Total income
8,726
4,927
(5,887)
(423)
-
7,343
-
7,343
Credit impairment charges and other provisions
(378)
(1,251)
867
56
-
(706)
-
(706)
Net operating income
8,348
3,676
(5,020)
(367)
-
6,637
-
6,637
Operating expenses
(5,066)
(2,033)
2,838
501
-
(3,760)
296
(3,464)
UK bank levy
(93)
(42)
54
4
-
(77)
-
(77)
Litigation and conduct
(109)
-
2
27
-
(80)
(2,431)
(2,511)
Total operating expenses
(5,268)
(2,075)
2,894
532
-
(3,917)
(2,135)
(6,052)
Other net (expenses)/income
(40)
33
(45)
52
-
-
-
-
Profit before tax
3,040
1,634
(2,171)
217
-
2,720
(2,135)
585
Attributable profit/(loss)
2,179
1,106
(1,467)
143
-
1,961
(2,008)
(47)
                 
                 
Balance sheet information
£bn
£bn
£bn
£bn
£bn
£bn
£bn
£bn
Loans and advances to customers at amortised cost
218.4
39.8
(87.8)
(4.3)
-
166.1
-
166.1
Total assets
287.2
47.4
(149.8)
10.9
6.8
202.5
-
202.5
Customer deposits
305.4
10.2
(134.5)
(4.3)
-
176.8
-
176.8
Risk weighted assets
120.4
41.3
(89.2)
(2.5)
(0.5)
69.5
-
69.5
                 
Performance measures
                
Return on average tangible equity
16.2%
22.3%
          
(0.3%)
Average allocated tangible equity (£bn)
13.6
5.0
          
9.3
Cost: income ratio
60%
42%
          
82%
Loan loss rate (bps)
17
289
          
42
Loan: deposit ratio
              
94%
                 
Notable items
              
£m
Provisions for UK customer redress
              
(2,431)
Gain on valuation of a component of the defined retirement benefit liability
              
296
                 
Performance measures excluding notable items
            
Return on average tangible equity
              
21.1%

 
1
Refer to page 10 for a breakdown of moves to Barclays Corporate & International from PCB and Barclaycard.


 
2014 Barclays UK
        
 
PCB
(Published)
Barclaycard
(Published)
Moves to Barclays Corporate & International1
Non-Core moves
Head Office moves
Barclays UK (excluding notable items)
Notable items
2014 as Restated
Income statement information
£m
£m
£m
£m
£m
£m
£m
£m
Net interest income
6,298
3,044
(3,254)
(249)
-
5,839
-
5,839
Net fee, commission and other income
2,530
1,312
(1,944)
(301)
-
1,597
-
1,597
Total income
8,828
4,356
(5,198)
(550)
-
7,436
-
7,436
Credit impairment charges and other provisions
(482)
(1,183)
694
70
-
(901)
-
(901)
Net operating income
8,346
3,173
(4,504)
(480)
-
6,535
-
6,535
Operating expenses
(5,351)
(1,845)
2,610
478
-
(4,108)
-
(4,108)
UK bank levy
(70)
(29)
38
2
-
(59)
-
(59)
Litigation and conduct
(54)
-
11
2
-
(41)
(1,067)
(1,108)
Total operating expenses
(5,475)
(1,874)
2,659
482
-
(4,208)
(1,067)
(5,275)
Other net income
14
40
(54)
-
-
-
-
-
Profit before tax
2,885
1,339
(1,899)
2
-
2,327
(1,067)
1,260
Attributable profit
2,058
938
(1,292)
3
-
1,707
(855)
852
                 
                 
Balance sheet information
£bn
£bn
£bn
£bn
£bn
£bn
£bn
£bn
Loans and advances to customers at amortised cost
217.0
36.6
(83.2)
(5.1)
-
165.3
-
165.3
Total assets
285.0
41.3
(142.5)
8.1
6.1
198.0
-
198.0
Customer deposits
299.2
7.3
(130.7)
(7.5)
-
168.3
-
168.3
Risk weighted assets
120.2
39.9
(86.7)
(4.1)
-
69.3
-
69.3
                 
Performance measures
                
Return on average tangible equity
15.8%
19.9%
          
9.5%
Average allocated tangible equity (£bn)
13.1
4.7
          
9.1
Cost: income ratio
62%
43%
          
71%
Loan loss rate (bps)
21
308
          
53
Loan: deposit ratio
              
98%
                 
Notable items
              
£m
Provisions for UK customer redress
              
(1,067)
                 
Performance measures excluding notable items
            
Return on average tangible equity
              
18.9%

 
1
Refer to page 11 for a breakdown of moves to Barclays Corporate & International from PCB and Barclaycard.



 
Analysis of Barclays UK
    
 
Year ended
31.12.15
Year ended
31.12.14
Analysis of total income
£m
£m
Personal Banking
3,714
3,788
Barclaycard Consumer UK
2,065
2,078
Wealth, Entrepreneurs & Business Banking
1,564
1,570
Total income
7,343
7,436
     
Analysis of credit impairment charges and other provisions
    
Personal Banking
(194)
(211)
Barclaycard Consumer UK
(488)
(592)
Wealth, Entrepreneurs & Business Banking
(24)
(98)
Total credit impairment charges and other provisions
(706)
(901)
     
 
As at
31.12.15
As at
31.12.14
Analysis of loans and advances to customers at amortised cost
£bn
£bn
Personal Banking
134.0
133.8
Barclaycard Consumer UK
16.2
15.8
Wealth, Entrepreneurs & Business Banking
15.9
15.7
Total loans and advances to customers at amortised cost
166.1
165.3
     
Analysis of customer deposits
    
Personal Banking
131.0
124.5
Barclaycard Consumer UK
-
-
Wealth, Entrepreneurs & Business Banking
45.8
43.8
Total customer deposits
176.8
168.3

 
 
2015 Barclays Corporate & International
 
Analysis of Barclays Corporate & International between Corporate and Investment Bank, and Consumer, Cards & Payments is shown on page 12.
 
 
 
Investment Bank
(Published)
Moves from PCB
Moves from Barclaycard
Non-Core moves
Head Office moves
Barclays Corporate & International (excluding notable items)
Notable items
2015 as Restated
Income statement information
£m
£m
£m
£m
£m
£m
£m
£m
Net interest income
588
2,150
1,573
13
-
4,324
-
4,324
Net trading income
3,859
16
(5)
(88)
-
3,782
-
3,782
Net fee, commission and other income
3,125
1,029
1,124
(118)
(15)
5,145
496
5,641
Total income
7,572
3,195
2,692
(193)
(15)
13,251
496
13,747
Credit impairment charges and other provisions
(55)
(159)
(708)
-
-
(922)
-
(922)
Net operating income
7,517
3,036
1,984
(193)
(15)
12,329
496
12,825
Operating expenses
(5,596)
(1,513)
(1,325)
278
(6)
(8,162)
133
(8,029)
UK bank levy
(203)
(38)
(16)
4
-
(253)
-
(253)
Litigation and conduct
(107)
(2)
-
1
-
(108)
(1,202)
(1,310)
Total operating expenses
(5,906)
(1,553)
(1,341)
283
(6)
(8,523)
(1,069)
(9,592)
Other net income
-
12
33
1
(1)
45
-
45
Profit before tax
1,611
1,495
676
91
(22)
3,851
(573)
3,278
Attributable profit
804
1,054
413
75
(26)
2,320
(562)
1,758
                 
Balance sheet information
£bn
£bn
£bn
£bn
£bn
£bn
£bn
£bn
Loans and advances to banks and customers at amortised cost1
92.2
69.0
23.0
(0.3)
0.2
184.1
-
184.1
Trading portfolio assets
65.1
-
-
(3.2)
-
61.9
-
61.9
Derivative financial assets
114.3
0.3
-
(3.1)
-
111.5
-
111.5
Derivative financial liabilities
122.2
-
-
(3.2)
-
119.0
-
119.0
Reverse repurchase agreements and other similar secured lending
25.5
-
-
(0.8)
-
24.7
-
24.7
Financial assets designated at fair value
48.1
-
-
(1.3)
-
46.8
-
46.8
Total assets
375.9
120.6
29.1
(25.3)
31.9
532.2
-
532.2
Customer deposits2
51.3
124.3
10.2
(0.2)
-
185.6
-
185.6
Risk weighted assets
108.3
67.3
21.9
(2.9)
0.2
194.8
-
194.8
                 
Performance measures
                
Return on average tangible equity
6.0%
            
7.2%
Average allocated tangible equity (£bn)
13.9
            
24.9
Cost: income ratio
78%
            
70%
Loan loss rate (bps)
              
49
Loan: deposit ratio
              
88%
                 
Notable items
              
£m
Gains on US Lehman acquisition assets
              
496
Provisions for UK customer redress
              
(218)
Provisions for ongoing investigations and litigation including Foreign Exchange
              
(984)
Gain on valuation of a component of the defined retirement benefit liability
              
133
               
Performance measures excluding notable items
            
Return on average tangible equity
              
9.5%

 
1
As at 31 December 2015 loans and advances included £162.6bn of loans and advances to customers (including settlement balances of £18.5bn and cash collateral of £24.8bn), and £21.5bn of loans and advances to banks (including settlement balances of £1.6bn and cash collateral of £5.7bn). Loans and advances to banks and customers in respect of Consumer, Cards & Payments were £32.1bn.
2
As at 31 December 2015 customer deposits included settlement balances of £16.3bn and cash collateral of £15.9bn.
 
 
2014 Barclays Corporate & International
    
 
Investment Bank
(Published)
Moves from PCB
Moves from Barclaycard
Non-Core moves
Head Office moves
Barclays Corporate & International (excluding notable items)
Notable items
2014 as Restated
Income statement information
£m
£m
£m
£m
£m
£m
£m
£m
Net interest income
647
2,158
1,096
(27)
-
3,874
-
3,874
Net trading income
3,735
4
-
(206)
-
3,533
-
3,533
Net fee, commission and other income
3,206
935
1,005
(106)
-
5,040
461
5,501
Total income
7,588
3,097
2,101
(339)
-
12,447
461
12,908
Credit impairment charges and other provisions
14
(170)
(524)
1
-
(679)
-
(679)
Net operating income
7,602
2,927
1,577
(338)
-
11,768
461
12,229
Operating expenses
(5,878)
(1,476)
(1,134)
315
3
(8,170)
-
(8,170)
UK bank levy
(218)
(25)
(13)
8
-
(248)
-
(248)
Litigation and conduct
(129)
(11)
-
26
(1)
(115)
(1,218)
(1,333)
Total operating expenses
(6,225)
(1,512)
(1,147)
349
2
(8,533)
(1,218)
(9,751)
Other net income
-
11
43
2
(4)
52
-
52
Profit before tax
1,377
1,426
473
13
(2)
3,287
(757)
2,530
Attributable profit
397
1,000
292
47
(2)
1,734
(808)
926
                 
Balance sheet information
£bn
£bn
£bn
£bn
£bn
£bn
£bn
£bn
Loans and advances to banks and customers at amortised cost1
106.3
67.9
19.9
(0.5)
-
193.6
-
193.6
Trading portfolio assets
94.8
-
-
(7.5)
-
87.3
-
87.3
Derivative financial assets
152.6
0.3
-
(3.3)
-
149.6
-
149.6
Derivative financial liabilities
160.6
-
-
(3.3)
-
157.3
-
157.3
Reverse repurchase agreements and other similar secured lending
64.3
-
-
(1.4)
-
62.9
-
62.9
Financial assets designated at fair value
8.9
-
-
(3.2)
-
5.7
-
5.7
Total assets
455.7
117.5
25.0
(31.6)
29.9
596.5
-
596.5
Customer deposits2
57.8
123.4
7.3
(0.3)
-
188.2
-
188.2
Risk weighted assets
122.4
67.1
19.6
(7.9)
0.5
201.7
-
201.7
                 
Performance measures
                
Return on average tangible equity
2.8%
            
3.8%
Average allocated tangible equity (£bn)
14.6
            
25.0
Cost: income ratio
82%
            
76%
Loan loss rate (bps)
              
35
Loan: deposit ratio
              
90%
                 
Notable items
              
£m
Gains on US Lehman acquisition assets
              
461
Provisions for UK customer redress
              
32
Provisions for ongoing investigations and litigation including Foreign Exchange
              
(1,250)
                 
Performance measures excluding notable items
            
Return on average tangible equity
              
7.0%

 
1
As at 31 December 2014 loans and advances included £169.3bn of loans and advances to customers (including settlement balances of £25.6bn and cash collateral of £32.2bn), and £24.3bn of loans and advances to banks (including settlement balances of £2.7bn and cash collateral of £6.7bn). Loans and advances to banks and customers in respect of Consumer, Cards & Payments were £29.7bn.
2
As at 31 December 2014 customer deposits included settlement balances of £25.1bn and cash collateral of £24.5bn.

 
Analysis of Barclays Corporate & International
 
    
Corporate and Investment Bank
Year ended
31.12.15
Year ended
31.12.14
Income statement information
£m
£m
Analysis of total income
    
Credit
824
792
Equities
1,912
1,956
Macro
2,108
1,950
Markets
4,844
4,698
Banking fees
2,087
2,115
Corporate lending
1,361
1,268
Transactional banking
1,663
1,594
Banking
5,111
4,977
Other1
495
476
Total income
10,450
10,151
Credit impairment charges and other provisions
(199)
(87)
Total operating expenses
(7,929)
(8,279)
Profit before tax
2,322
1,787
     
Performance measures
    
Return on average tangible equity
5.4%
1.9%
Average allocated tangible equity (£bn)
21.9
22.0
     
Performance measures excluding notable items
    
Return on average tangible equity
8.2%
5.6%
     
Consumer, Cards & Payments
Year ended
31.12.15
Year ended
31.12.14
Income statement information
£m
£m
Total income
3,297
2,757
Credit impairment charges and other provisions
(723)
(592)
Total operating expenses
(1,663)
(1,472)
Profit before tax
956
743
     
 
As at 31.12.15
As at 31.12.14
Balance sheet information
£bn
£bn
Loans and advances to banks and customers at amortised cost
32.1
29.7
Customer deposits
41.8
37.9
     
Performance measures
    
Return on average tangible equity
20.2%
17.8%
     
Performance measures excluding notable items
    
Return on average tangible equity
18.9%
17.8%

 
1
Other includes gains on US Lehman acquisition assets of £496m (2014: £461m).

 
2015 Head Office
        
 
Head Office (Published)
Group structure moves
Head Office (excluding notable items)
Notable items
Discontinued operation: Barclays Africa
2015 as Restated
Income statement information
£m
£m
£m
£m
£m
£m
Net operating (expenses)/ income
(107)
15
(92)
430
-
338
Operating expenses
(278)
6
(272)
-
-
(272)
UK bank levy
(8)
-
(8)
-
-
(8)
Litigation and conduct
(14)
-
(14)
(52)
-
(66)
Total operating expenses
(300)
6
(294)
(52)
-
(346)
Other net income/(expenses)
5
1
6
(112)
-
(106)
Loss before tax
(402)
22
(380)
266
-
(114)
Attributable (loss)/profit
(202)
26
(176)
187
-
11
             
Balance sheet information
£bn
£bn
£bn
£bn
£bn
£bn
Total assets
56.4
(44.9)
11.5
-
47.9
59.4
Risk weighted assets
7.7
0.3
8.0
-
31.7
39.7
             
Notable items
          
£m
Own credit
          
430
Provisions for ongoing investigations and litigation including Foreign Exchange
          
(52)
Losses on sale relating to the Spanish, Portuguese and Italian businesses
          
(112)

 
2014 Head Office
        
 
Head Office (Published)
Group structure moves
Head Office (excluding notable items)
Notable items
Discontinued operation: Barclays Africa
2014 as Restated
Income statement information
£m
£m
£m
£m
£m
£m
Net operating income
242
-
242
34
-
276
Operating expenses
(67)
(3)
(70)
-
-
(70)
UK bank levy
(9)
-
(9)
-
-
(9)
Litigation and conduct
(66)
1
(65)
-
-
(65)
Total operating expenses
(142)
(2)
(144)
-
-
(144)
Other net (expenses)/income
(3)
4
1
315
-
316
Profit before tax
97
2
99
349
-
448
Attributable profit
112
2
114
260
-
374
             
Balance sheet information
£bn
£bn
£bn
£bn
£bn
£bn
Total assets
49.1
(41.8)
7.3
-
53.7
61.0
Risk weighted assets
5.6
(0.5)
5.1
-
36.7
41.8
             
Notable items
          
£m
Own credit
          
34
Losses on sale relating to the Spanish business
          
315
 
 
2015 Barclays Non-Core
            
 
Barclays
Non-Core
(Published)
Non-Core moves
Head Office moves
Barclays
Non-Core (excluding notable items)
Notable items
2015 as Restated
Income statement information
£m
£m
£m
£m
£m
£m
Net interest income
249
366
-
615
-
615
Net trading income
(805)
99
-
(706)
-
(706)
Net fee, commission and other income
765
310
-
1,075
-
1,075
Total income
209
775
-
984
-
984
Net claims and benefits incurred under insurance contracts
(373)
1
-
(372)
-
(372)
Total income net of insurance claims
(164)
776
-
612
-
612
Credit impairment charges and other provisions
(78)
(56)
-
(134)
-
(134)
Net operating (expenses)/income
(242)
720
-
478
-
478
Operating expenses
(973)
(886)
-
(1,859)
(99)
(1,958)
UK bank levy
(78)
(10)
-
(88)
-
(88)
Litigation and conduct
(148)
(28)
-
(176)
(324)
(500)
Total operating expenses
(1,199)
(924)
-
(2,123)
(423)
(2,546)
Other net expenses
(18)
(52)
-
(70)
(465)
(535)
Loss before tax
(1,459)
(256)
-
(1,715)
(888)
(2,603)
Attributable loss
(1,523)
(188)
-
(1,711)
(707)
(2,418)
             
Balance sheet information
£bn
£bn
£bn
£bn
£bn
£bn
Loans and advances to banks and customers at amortised cost1
45.9
5.9
-
51.8
-
51.8
Derivative financial instrument assets
210.3
3.4
-
213.7
-
213.7
Derivative financial instrument liabilities
198.7
3.4
-
202.1
-
202.1
Reverse repurchase agreements and other similar secured lending
2.4
0.7
-
3.1
-
3.1
Financial assets designated at fair value
20.1
1.3
-
21.4
-
21.4
Total assets
303.1
16.4
6.3
325.8
-
325.8
Customer deposits2
14.9
6.0
-
20.9
-
20.9
Risk weighted assets
46.6
7.7
-
54.3
-
54.3
             
Performance measures
            
Average allocated tangible equity (£bn)
8.9
        
10.9
Period end allocated tangible equity (£bn)
7.2
        
8.5
             
Notable items
          
£m
Provisions for UK customer redress
          
(123)
Provisions for ongoing investigations and litigation including Foreign Exchange
          
(201)
Impairment of goodwill and other assets relating to businesses being disposed
          
(96)
Losses on sale relating to the Spanish, Portuguese and Italian businesses
          
(468)
             
Analysis of total income net of insurance claims
£m
£m
£m
£m
£m
£m
Businesses
613
526
-
1,139
-
1,139
Securities and loans
(481)
131
-
(350)
-
(350)
Derivatives
(296)
119
-
(177)
-
(177)
Total income net of insurance claims
(164)
776
-
612
-
612

 
1
As at 31 December 2015 loans and advances included £40.4bn of loans and advances to customers (including settlement balances of £0.3bn and cash collateral of £19.0bn), and £11.4bn of loans and advances to banks (including settlement balances of £nil and cash collateral of £10.1bn).
2
As at 31 December 2015 customer deposits included settlement balances of £0.2bn and cash collateral of £12.3bn.

 
2014 Barclays Non-Core
            
 
Barclays
Non-Core
(Published)
Non-Core moves
Head Office moves
Barclays
Non-Core (excluding notable items)
Notable items
2014 as Restated
Income statement information
£m
£m
£m
£m
£m
£m
Net interest income
214
376
-
590
-
590
Net trading income
120
(710)
-
(590)
-
(590)
Net fee, commission and other income
1,026
1,361
-
2,387
(935)
1,452
Total income
1,360
1,027
-
2,387
(935)
1,452
Net claims and benefits incurred under insurance contracts
(310)
1
-
(309)
-
(309)
Total income net of insurance claims
1,050
1,028
-
2,078
(935)
1,143
Credit impairment charges and other provisions
(168)
(73)
-
(241)
-
(241)
Net operating income
882
955
-
1,837
(935)
902
Operating expenses
(1,722)
(889)
-
(2,611)
-
(2,611)
UK bank levy
(91)
(11)
-
(102)
-
(102)
Litigation and conduct
(198)
(28)
-
(226)
(75)
(301)
Total operating expenses
(2,011)
(928)
-
(2,939)
(75)
(3,014)
Other net expenses
(51)
(1)
-
(52)
(761)
(813)
Loss before tax
(1,180)
26
-
(1,154)
(1,771)
(2,925)
Attributable loss
(1,085)
(24)
-
(1,109)
(1,550)
(2,659)
             
Balance sheet information
£bn
£bn
£bn
£bn
£bn
£bn
Loans and advances to banks and customers at amortised cost1
63.9
6.8
-
70.7
-
70.7
Derivative financial instrument assets
285.4
3.5
-
288.9
-
288.9
Derivative financial instrument liabilities
277.1
3.5
-
280.6
-
280.6
Reverse repurchase agreements and other similar secured lending
49.3
1.4
-
50.7
-
50.7
Financial assets designated at fair value
22.2
3.3
-
25.5
-
25.5
Total assets
471.5
25.1
5.8
502.4
-
502.4
Customer deposits2
21.6
9.2
-
30.8
-
30.8
Risk weighted assets
75.3
13.8
-
89.1
-
89.1
             
Performance measures
            
Average allocated tangible equity (£bn)
13.2
        
15.6
Period end allocated tangible equity (£bn)
11.0
        
13.1
             
Notable items
          
£m
Revision of ESHLA valuation methodology
          
(935)
Provisions for UK customer redress
          
(75)
Losses on sale relating to the Spanish business
          
(761)
             
Analysis of total income net of insurance claims
£m
£m
£m
£m
£m
£m
Businesses
1,101
402
-
1,503
-
1,503
Securities and loans
117
500
-
617
(935)
(318)
Derivatives
(168)
126
-
(42)
-
(42)
Total income net of insurance claims
1,050
1,028
-
2,078
(935)
1,143

 
1
As at 31 December 2015 loans and advances included £40.5bn of loans and advances to customers (including settlement balances of £1.9bn and cash collateral of £22.1bn), and £11.4bn of loans and advances to banks (including settlement balances of £0.3bn and cash collateral of £11.3bn).
2
As at 31 December 2014 customer deposits included settlement balances of £1.1bn and cash collateral of £11.7bn.

 
Discontinued Operation: 2015 Barclays Africa
 
    
Under IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations, the Barclays Africa business meets the requirements for recognition as a discontinued operation. As such the Barclays Africa 2015 and 2014 results have been presented as two lines on the face of the Group income statement, representing the profit after tax and non-controlling interests in respect of discontinued operations.
 
 
Africa Banking (Published)
Non-Core moves
2015 as Restated
Income statement information
£m
£m
£m
Net interest income
2,066
(116)
1,950
Net fee, commission and other income
1,668
(44)
1,624
Total income
3,734
(160)
3,574
Net claims and benefits incurred under insurance contracts
(160)
-
(160)
Total income net of insurance claims
3,574
(160)
3,414
Credit impairment charges and other provisions
(352)
(1)
(353)
Net operating income
3,222
(161)
3,061
Operating expenses
(2,198)
107
(2,091)
UK bank levy
(52)
2
(50)
Total operating expenses
(2,250)
109
(2,141)
Other net income
7
-
7
Profit before tax
979
(52)
927
Profit after tax
657
(31)
626
Attributable profit
332
(30)
302
       
Balance sheet information
£bn
£bn
£bn
Loans and advances to customers at amortised cost
29.9
(0.7)
29.2
Total assets
49.9
(2.0)
47.9
Customer deposits
30.6
(1.5)
29.1
Risk weighted assets
33.9
(2.2)
31.7
       
Performance measures
      
Return on average tangible equity
11.7%
  
11.8%
Average allocated tangible equity (£bn)
2.8
  
2.6
Cost: income ratio
63%
  
63%
Loan loss rate (bps)
109
  
112
Loan: deposit ratio
    
100%

 
Discontinued Operation: 2014 Barclays Africa
      
 
 
Africa Banking (Published)
Non-Core moves
2014 as Restated
Income statement information
£m
£m
£m
Net interest income
2,093
(99)
1,994
Net fee, commission and other income
1,741
(39)
1,702
Total income
3,834
(138)
3,696
Net claims and benefits incurred under insurance contracts
(170)
-
(170)
Total income net of insurance claims
3,664
(138)
3,526
Credit impairment charges and other provisions
(349)
2
(347)
Net operating income
3,315
(136)
3,179
Operating expenses
(2,295)
96
(2,199)
UK bank levy
(45)
1
(44)
Litigation and conduct
(2)
-
(2)
Total operating expenses
(2,342)
97
(2,245)
Other net income
11
(1)
10
Profit before tax
984
(40)
944
Profit after tax
681
(27)
654
Attributable profit
360
(26)
334
       
Balance sheet information
£bn
£bn
£bn
Loans and advances to customers at amortised cost
35.2
(0.6)
34.6
Total assets
55.5
(1.8)
53.7
Customer deposits
35.0
(1.4)
33.6
Risk weighted assets
38.5
(1.8)
36.7
       
Performance measures
      
Return on average tangible equity
12.9%
  
13.2%
Average allocated tangible equity (£bn)
2.8
  
2.5
Cost: income ratio
64%
  
64%
Loan loss rate (bps)
93
  
95
Loan: deposit ratio
    
103%
 
 
Barclays Results by Quarter
 
Barclays Group
                  
Income statement information
Q415
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
£m
£m
£m
£m
  
£m
£m
£m
£m
Total income net of insurance claims
4,448
5,481
6,461
5,650
  
4,097
5,987
5,756
5,923
Credit impairment charges and other provisions
(554)
(429)
(393)
(386)
  
(495)
(435)
(439)
(452)
Net operating income
3,894
5,052
6,068
5,264
  
3,602
5,552
5,317
5,471
Operating expenses
(3,547)
(3,552)
(3,557)
(3,067)
  
(3,696)
(3,653)
(3,762)
(3,848)
UK bank levy
(426)
-
-
-
  
(418)
-
-
-
Litigation and conduct
(1,722)
(699)
(927)
(1,039)
  
(1,089)
(607)
(1,046)
(65)
Total operating expenses
(5,695)
(4,251)
(4,484)
(4,106)
  
(5,203)
(4,260)
(4,808)
(3,913)
Other net (expenses)/income
(274)
(182)
(39)
(101)
  
(82)
(336)
(48)
21
(Loss)/profit before tax
(2,075)
619
1,545
1,057
  
(1,683)
956
461
1,579
Tax (charge)/credit
(164)
(133)
(324)
(528)
  
134
(507)
(215)
(533)
(Loss)/profit after tax in respect of continuing operations
(2,239)
486
1,221
529
  
(1,549)
449
246
1,046
Profit after tax in respect of discontinued operation
101
167
162
196
  
168
171
145
169
                   
Attributable to:
                  
Ordinary equity holders of the parent
(2,422)
417
1,146
465
  
(1,679)
379
161
965
Other equity holders
107
79
79
80
  
80
80
41
49
Non-controlling interests
177
157
158
180
  
218
161
189
201
                   
Balance sheet information
£bn
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
Total assets
1,120.0
1,236.5
1,196.7
1,416.4
  
1,357.9
1,365.7
1,314.9
1,362.1
Risk weighted assets
358.4
381.9
376.7
395.9
  
401.9
412.9
411.1
436.3
Leverage exposure
1,027.8
1,140.7
1,139.3
1,254.7
  
1,233.4
1,323.9
1,353.0
n/a
                   
Performance measures
                  
Return on average tangible shareholders' equity
(20.1%)
3.6%
9.8%
4.0%
  
(13.8%)
3.4%
1.4%
8.4%
Average tangible shareholders' equity (£bn)
47.8
47.6
47.2
48.1
  
48.3
46.8
46.7
46.4
Cost: income ratio
128%
78%
69%
73%
  
127%
71%
84%
66%
Loan loss rate (bps)
53
37
35
32
  
45
39
39
40
Basic (loss)/earnings per share
(14.4p)
2.6p
7.0p
2.9p
  
(10.2p)
2.4p
1.0p
6.0p
                   
Notable items
£m
£m
£m
£m
  
£m
£m
£m
£m
Gains on US Lehman acquisition assets
-
-
496
-
  
-
461
-
-
Own credit
(175)
195
282
128
  
(62)
44
(67)
119
Revision of ESHLA valuation methodology
-
-
-
-
  
(935)
-
-
-
Provisions for UK customer redress
(1,450)
(290)
(850)
(182)
  
(200)
(10)
(900)
-
Provisions for ongoing investigations and litigation including Foreign Exchange
(167)
(270)
-
(800)
  
(750)
(500)
-
-
Gain on valuation of a component of the defined retirement benefit liability
-
-
-
429
  
-
-
-
-
Impairment of goodwill and other assets relating to businesses being disposed
(96)
-
-
-
  
-
-
-
-
Losses on sale relating to the Spanish, Portuguese and Italian businesses
(261)
(201)
-
(118)
  
(82)
(364)
-
-
                   
Performance measures excluding notable items
              
Return on average tangible shareholders' equity
(1.9%)
6.7%
9.1%
9.0%
  
1.7%
7.1%
7.5%
7.6%
Basic (loss)/earnings per share
(1.3p)
4.8p
6.5p
6.6p
  
1.3p
5.2p
5.4p
5.5p

 
Barclays Core
                  
Income statement information
Q415
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
£m
£m
£m
£m
  
£m
£m
£m
£m
Total income net of insurance claims
4,516
5,265
6,219
5,428
  
4,791
5,368
5,216
5,245
Credit impairment charges and other provisions
(522)
(388)
(373)
(345)
  
(481)
(393)
(342)
(364)
Net operating income
3,994
4,877
5,846
5,083
  
4,310
4,975
4,874
4,881
Operating expenses
(2,992)
(3,094)
(3,061)
(2,618)
  
(3,076)
(3,000)
(3,097)
(3,175)
UK bank levy
(338)
-
-
-
  
(316)
-
-
-
Litigation and conduct
(1,634)
(419)
(819)
(1,015)
  
(1,004)
(507)
(953)
(42)
Total operating expenses
(4,964)
(3,513)
(3,880)
(3,633)
  
(4,396)
(3,507)
(4,050)
(3,217)
Other net (expenses)/income
(5)
13
14
(83)
  
6
322
26
14
(Loss)/profit before tax
(975)
1,377
1,980
1,367
  
(80)
1,790
850
1,678
Attributable (loss)/profit
(1,240)
961
1,381
620
  
(417)
1,117
419
1,033
                   
Balance sheet information
£bn
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
Total assets
794.2
862.0
830.5
919.4
  
855.5
867.9
816.5
836.8
Risk weighted assets
304.1
316.3
308.1
318.0
  
312.8
318.8
309.0
315.5
                   
Performance measures
                  
Return on average tangible equity
(12.8%)
10.4%
15.5%
7.1%
  
(4.8%)
14.1%
5.5%
14.5%
Average tangible equity (£bn)
38.1
37.5
35.9
35.6
  
34.0
32.2
30.7
28.7
Cost: income ratio
110%
67%
62%
67%
  
92%
65%
78%
61%
Loan loss rate (bps)
57
39
38
35
  
52
41
37
46
Basic (loss)/earnings per share
(7.3p)
5.8p
8.4p
3.8p
  
(2.5p)
6.9p
2.6p
6.4p
                   
Notable items
£m
£m
£m
£m
  
£m
£m
£m
£m
Gains on US Lehman acquisition assets
-
-
496
-
  
-
461
-
-
Own credit
(175)
195
282
128
  
(62)
44
(67)
119
Provisions for UK customer redress
(1,392)
(290)
(800)
(167)
  
(199)
8
(844)
-
Provisions for ongoing investigations and litigation including Foreign Exchange
(167)
(69)
-
(800)
  
(750)
(500)
-
-
Gain on valuation of a component of the defined retirement benefit liability
-
-
-
429
  
-
-
-
-
Losses on sale relating to the Spanish, Portuguese and Italian businesses
(15)
-
-
(97)
  
-
315
-
-
                   
Performance measures excluding notable items
                
Return on average tangible equity
6.3%
11.3%
14.0%
13.4%
  
7.1%
11.2%
13.9%
13.0%
Basic earnings per share contribution
3.6p
6.4p
7.7p
7.3p
  
3.8p
5.7p
6.7p
5.9p

 
Barclays Non-Core
                  
Income statement information
Q415
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
£m
£m
£m
£m
  
£m
£m
£m
£m
Businesses
229
314
292
304
  
361
379
376
387
Securities and loans
(195)
(87)
-
(68)
  
(1,021)
275
172
256
Derivatives
(102)
(12)
(49)
(14)
  
(35)
(35)
(8)
36
Total income net of insurance claims
(68)
215
243
222
  
(695)
619
540
679
Credit impairment charges and other provisions
(32)
(41)
(20)
(41)
  
(13)
(42)
(98)
(88)
Net operating (expenses)/income
(100)
174
223
181
  
(708)
577
442
591
Operating expenses
(555)
(458)
(496)
(449)
  
(618)
(654)
(666)
(673)
UK bank levy
(88)
-
-
-
  
(102)
-
-
-
Litigation and conduct
(89)
(279)
(108)
(24)
  
(85)
(100)
(93)
(23)
Total operating expenses
(732)
(737)
(604)
(473)
  
(805)
(754)
(759)
(696)
Other net (expenses)/income
(268)
(195)
(54)
(18)
  
(90)
(657)
(72)
6
Loss before tax
(1,100)
(758)
(435)
(310)
  
(1,603)
(834)
(389)
(99)
Attributable loss
(1,208)
(628)
(324)
(258)
  
(1,347)
(819)
(333)
(160)
                   
Balance sheet information
£bn
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
Loans and advances to banks and customers at amortised cost
51.8
57.1
60.4
73.1
  
70.7
72.4
83.6
90.5
Derivative financial instrument assets
213.7
243.3
223.9
305.6
  
288.9
252.6
229.7
234.5
Derivative financial instrument liabilities
202.1
235.0
216.7
299.6
  
280.6
243.2
217.8
223.7
Reverse repurchase agreements and other similar secured lending
3.1
8.5
16.7
43.7
  
50.7
75.3
87.8
99.5
Financial assets designated at fair value
21.4
22.8
22.1
25.0
  
25.5
27.3
24.9
24.4
Total assets
325.8
374.5
366.2
497.0
  
502.4
497.8
498.4
525.2
Customer deposits
20.9
25.8
27.9
29.9
  
30.8
32.2
41.1
48.1
Risk weighted assets
54.3
65.6
68.6
77.9
  
89.1
94.1
102.0
120.8
                   
Performance measures
                  
Average allocated tangible equity (£bn)
9.7
10.2
11.3
12.4
  
14.3
14.7
16.0
17.7
Period end allocated tangible equity (£bn)
8.5
10.2
10.1
11.7
  
13.1
14.1
14.9
17.4
Loan loss rate (bps)
25
27
13
17
  
10
27
48
28
Basic loss per share contribution
(7.2p)
(3.7p)
(1.9p)
(1.5p)
  
(8.2p)
(5.0p)
(2.0p)
(1.0p)
                   
Notable items
                  
Own credit
-
-
-
-
  
-
-
-
-
Revision of ESHLA valuation methodology
-
-
-
-
  
(935)
-
-
-
Provisions for UK customer redress
(58)
-
(50)
(15)
  
(1)
(18)
(56)
-
Provisions for ongoing investigations and litigation including Foreign Exchange
-
(201)
-
-
  
-
-
-
-
Impairment of goodwill and other assets relating to businesses being disposed
(96)
-
-
-
  
-
-
-
-
Losses on sale relating to the Spanish, Portuguese and Italian business
(246)
(201)
-
(21)
  
(82)
(679)
-
-
                   
Performance measures excluding notable items
              
Basic loss per share contribution
(5.1p)
(2.1p)
(1.7p)
(1.3p)
  
(3.0p)
(1.0p)
(1.8p)
(1.0p)

 
Barclays UK
                  
 
Q415
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
Income statement information
£m
£m
£m
£m
  
£m
£m
£m
£m
Total income
1,834
1,874
1,804
1,831
  
1,882
1,898
1,834
1,822
Credit impairment charges and other provisions
(219)
(154)
(166)
(167)
  
(264)
(217)
(191)
(229)
Net operating income
1,615
1,720
1,638
1,664
  
1,618
1,681
1,643
1,593
Operating expenses
(920)
(925)
(970)
(649)
  
(1,041)
(1,048)
(1,000)
(1,019)
UK bank levy
(77)
-
-
-
  
(59)
-
-
-
Litigation and conduct
(1,466)
(76)
(801)
(168)
  
(211)
(32)
(850)
(15)
Total operating expenses
(2,463)
(1,001)
(1,771)
(817)
  
(1,311)
(1,080)
(1,850)
(1,034)
Other net income/(expenses)
1
1
1
(3)
  
(3)
(1)
1
3
(Loss)/profit before tax
(847)
720
(132)
844
  
304
600
(206)
562
Attributable (loss)/profit
(1,078)
541
(174)
664
  
208
442
(208)
410
                   
Balance sheet information
£bn
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
Loans and advances to customers at amortised cost
166.1
166.7
166.1
166.0
  
165.3
164.3
163.5
162.1
Total assets
202.5
204.1
202.2
199.6
  
198.0
190.9
185.6
184.6
Customer deposits
176.8
173.4
171.6
168.7
  
168.3
165.9
166.8
165.7
Risk weighted assets
69.5
71.0
71.7
72.3
  
69.3
71.3
69.5
69.5
                   
Performance measures
                  
Return on average tangible equity
(46.5%)
23.3%
(7.3%)
28.3%
  
9.3%
19.4%
(9.1%)
18.3%
Average allocated tangible equity (£bn)
9.2
9.3
9.4
9.4
  
9.2
9.2
9.0
9.0
Cost: income ratio
134%
53%
98%
45%
  
70%
57%
101%
57%
Loan loss rate (bps)
51
36
40
40
  
62
51
46
56
                   
Notable items
£m
£m
£m
£m
  
£m
£m
£m
£m
Provisions for UK customer redress
(1,391)
(73)
(800)
(167)
  
(199)
(24)
(844)
-
Gain on valuation of a component of the defined retirement benefit liability
-
-
-
296
  
-
-
-
-
                   
Performance measures excluding notable items
              
Return on average tangible equity
14.8%
25.8%
19.9%
24.0%
  
16.2%
21.0%
20.2%
18.3%

 
Analysis of Barclays UK
Q415
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
Analysis of total income
£m
£m
£m
£m
  
£m
£m
£m
£m
Personal Banking
945
938
905
927
  
955
968
935
929
Barclaycard Consumer UK
505
552
503
505
  
518
530
519
511
Wealth, Entrepreneurs & Business Banking
384
384
396
399
  
409
400
380
382
Total income
1,834
1,874
1,804
1,831
  
1,882
1,898
1,834
1,822
                   
Analysis of credit impairment charges and other provisions
                  
Personal Banking
(39)
(36)
(50)
(69)
  
(57)
(57)
(40)
(57)
Barclaycard Consumer UK
(176)
(111)
(106)
(95)
  
(185)
(139)
(129)
(138)
Wealth, Entrepreneurs & Business Banking
(4)
(7)
(10)
(3)
  
(22)
(21)
(22)
(34)
Total credit impairment charges and other provisions
(219)
(154)
(166)
(167)
  
(264)
(217)
(191)
(229)
                   
Analysis of loans and advances to customers at amortised cost
£bn
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
Personal Banking
134.0
134.5
134.4
134.3
  
133.8
133.3
132.6
131.5
Barclaycard Consumer UK
16.2
15.9
15.8
15.7
  
15.8
15.5
15.2
15.0
Wealth, Entrepreneurs & Business Banking
15.9
16.3
15.9
16.0
  
15.7
15.5
15.7
15.6
Total loans and advances to customers at amortised cost
166.1
166.7
166.1
166.0
  
165.3
164.3
163.5
162.1
                   
Analysis of customer deposits
                  
Personal Banking
131.0
128.4
126.7
123.4
  
124.5
122.2
121.1
120.0
Barclaycard Consumer UK
-
-
-
-
  
-
-
-
-
Wealth, Entrepreneurs & Business Banking
45.8
45.0
44.9
45.3
  
43.8
43.7
45.7
45.7
Total customer deposits
176.8
173.4
171.6
168.7
  
168.3
165.9
166.8
165.7

 
Barclays Corporate & International
              
 
Q415
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
Income statement information
£m
£m
£m
£m
  
£m
£m
£m
£m
Total income
2,968
3,223
4,102
3,454
  
2,945
3,370
3,367
3,226
Credit impairment charges and other provisions
(303)
(235)
(206)
(178)
  
(217)
(176)
(151)
(135)
Net operating income
2,665
2,988
3,896
3,276
  
2,728
3,194
3,216
3,091
Operating expenses
(2,007)
(2,059)
(2,027)
(1,936)
  
(2,014)
(1,943)
(2,068)
(2,145)
UK bank levy
(253)
-
-
-
  
(248)
-
-
-
Litigation and conduct
(151)
(302)
(12)
(845)
  
(786)
(470)
(62)
(15)
Total operating expenses
(2,411)
(2,361)
(2,039)
(2,781)
  
(3,048)
(2,413)
(2,130)
(2,160)
Other net income
8
9
13
15
  
7
9
24
12
Profit/(loss) before tax
262
636
1,870
510
  
(313)
790
1,110
943
Attributable (loss)/profit
(24)
422
1,376
(16)
  
(673)
449
594
556
                   
Balance sheet information
£bn
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
Loans and advances to banks and customers at amortised cost
184.1
220.3
210.5
224.7
  
193.6
206.5
200.6
213.1
Trading portfolio assets
61.9
72.8
75.3
92.7
  
87.3
91.5
92.8
92.8
Derivative financial instrument assets
111.5
133.7
116.0
172.8
  
149.6
128.7
101.8
97.2
Derivative financial instrument liabilities
119.0
142.0
124.8
182.3
  
157.3
134.6
106.7
104.0
Reverse repurchase agreements and other similar secured lending
24.7
68.0
57.4
57.1
  
62.9
81.5
82.1
85.5
Financial assets designated at fair value
46.8
5.6
5.6
5.2
  
5.7
10.9
10.9
11.5
Total assets
532.2
596.1
566.1
656.2
  
596.5
608.5
561.9
588.8
Customer deposits
185.6
207.0
197.7
206.2
  
188.2
205.0
198.0
209.3
Risk weighted assets
194.8
204.0
195.4
202.6
  
201.7
205.9
198.7
196.7
                   
Performance measures
                  
Return on average tangible equity
(0.2%)
7.0%
22.5%
(0.1%)
  
(10.4%)
7.4%
9.6%
9.0%
Average allocated tangible equity (£bn)
24.9
24.7
24.7
25.3
  
25.6
24.6
24.8
24.8
Cost: income ratio
81%
73%
50%
81%
  
103%
72%
63%
67%
Loan loss rate (bps)
65
42
38
32
  
44
34
30
36
                   
Notable items
£m
£m
£m
£m
  
£m
£m
£m
£m
Gains on US Lehman acquisition assets
-
-
496
-
  
-
461
-
-
Provisions for UK customer redress
-
(218)
-
-
  
-
32
-
-
Provisions for ongoing investigations and litigation including Foreign Exchange
(145)
(39)
-
(800)
  
(750)
(500)
-
-
Gain on a component of the defined retirement benefit liability
-
-
-
133
  
-
-
-
-
                   
Performance measures excluding notable items
              
Return on average tangible equity
3.5%
9.6%
13.9%
10.9%
  
1.9%
7.8%
9.6%
9.0%

 
Analysis of Barclays Corporate & International
            
Corporate and Investment Bank
Q415
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
Income statement information
£m
£m
£m
£m
  
£m
£m
£m
£m
Analysis of total income
                  
Credit
195
191
218
220
  
117
189
221
265
Equities
319
416
588
589
  
418
370
597
571
Macro
382
487
582
657
  
436
472
510
532
Markets
896
1,094
1,388
1,466
  
971
1,031
1,328
1,368
Banking fees
458
501
580
548
  
529
420
658
508
Corporate lending
312
377
387
285
  
334
334
288
312
Transactional banking
415
419
416
413
  
404
420
385
385
Banking
1,185
1,297
1,383
1,246
  
1,267
1,174
1,331
1,205
Other
16
(17)
495
1
  
(4)
460
20
-
Total income
2,097
2,374
3,266
2,713
  
2,234
2,665
2,679
2,573
Credit impairment (charges)/releases and other provisions
(83)
(75)
(42)
1
  
(26)
(24)
(13)
(24)
Total operating expenses
(1,962)
(1,940)
(1,605)
(2,422)
  
(2,614)
(2,036)
(1,791)
(1,838)
Profit/(loss) before tax
52
358
1,620
292
  
(408)
606
876
713
                   
Performance measures
                  
Return on average tangible equity
(2.5%)
4.5%
22.3%
(2.5%)
  
(12.8%)
6.1%
7.7%
7.1%
Average allocated tangible equity (£bn)
21.8
21.7
21.7
22.3
  
22.5
21.6
21.9
21.9
                   
Performance measures excluding notable items
              
Return on average tangible equity
1.8%
7.5%
12.6%
10.7%
  
1.2%
6.5%
7.7%
7.1%
                   
Consumer, Cards & Payments
                  
Income statement information
£m
£m
£m
£m
  
£m
£m
£m
£m
Total income
871
849
836
741
  
711
705
688
653
Credit impairment charges and other provisions
(219)
(160)
(165)
(179)
  
(190)
(153)
(138)
(111)
Total operating expenses
(449)
(421)
(434)
(359)
  
(434)
(377)
(339)
(322)
Profit before tax
210
278
250
218
  
93
185
235
230
                   
Balance sheet information
£bn
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
Loans and advances to banks and customers at amortised cost
32.1
30.6
29.6
29.8
  
29.7
28.4
27.0
26.4
Customer deposits
41.8
39.8
38.4
40.1
  
37.9
37.1
33.1
33.7
                   
Performance measures
                  
Return on average tangible equity
15.3%
24.7%
23.4%
17.5%
  
6.6%
17.3%
24.4%
23.8%
                   
Performance measures excluding notable items
              
Return on average tangible equity
15.7%
24.7%
23.4%
11.8%
  
6.6%
17.3%
24.4%
23.8%

 
Head Office
                  
 
Q415
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
Income statement information
£m
£m
£m
£m
  
£m
£m
£m
£m
Total income
(285)
169
312
142
  
(36)
100
15
197
Credit impairment releases/(charges) and other provisions
-
1
(1)
-
  
-
-
-
-
Net operating (expenses)/income
(285)
170
311
142
  
(36)
100
15
197
Operating expenses
(64)
(110)
(64)
(34)
  
(21)
(10)
(28)
(11)
UK bank levy
(8)
-
-
-
  
(9)
-
-
-
Litigation and conduct
(17)
(42)
(6)
(1)
  
(7)
(4)
(42)
(12)
Total operating expenses
(89)
(152)
(70)
(35)
  
(37)
(14)
(70)
(23)
Other net (expenses)/income
(14)
2
1
(95)
  
3
314
-
(1)
(Loss)/profit before tax
(388)
20
242
12
  
(70)
400
(55)
173
Attributable (loss)/profit
(140)
(1)
180
(28)
  
47
226
33
68
                   
Balance sheet information
£bn
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
Total assets1
59.4
61.8
62.2
63.6
  
61.0
68.5
69.0
63.4
Risk weighted assets1
39.7
41.3
41.0
43.1
  
41.8
41.6
40.9
49.3
                   
Notable items
£m
£m
£m
£m
  
£m
£m
£m
£m
Own credit
(175)
195
282
128
  
(62)
44
(67)
119
Provisions for ongoing investigations and litigation including Foreign Exchange
(23)
(29)
-
-
  
-
-
-
-
Losses on sale relating to the Spanish, Portuguese and Italian businesses
(15)
-
-
(97)
  
-
315
-
-

 
1
Includes Barclays Africa.



 
Barclays Africa
                  
 
Q415
Q315
Q215
Q115
  
Q414
Q314
Q214
Q114
Income statement information
£m
£m
£m
£m
  
£m
£m
£m
£m
Total income net of insurance claims
814
822
870
908
  
925
895
860
846
Credit impairment charges and other provisions
(93)
(66)
(103)
(91)
  
(79)
(74)
(99)
(95)
Net operating income
721
756
767
817
  
846
821
761
751
Operating expenses
(501)
(515)
(536)
(539)
  
(585)
(557)
(534)
(523)
UK bank levy
(50)
-
-
-
  
(44)
-
-
-
Litigation and conduct
-
-
-
-
  
(1)
(1)
-
-
Total operating expenses
(551)
(515)
(536)
(539)
  
(630)
(558)
(534)
(523)
Other net income
3
1
1
2
  
2
1
2
5
Profit before tax
173
242
232
280
  
218
264
229
233
Profit after tax
101
168
161
196
  
167
171
147
169
Attributable profit
25
85
88
104
  
85
82
75
92
                   
Balance sheet information
£bn
£bn
£bn
£bn
  
£bn
£bn
£bn
£bn
Loans and advances to customers at amortised cost
29.2
31.0
33.2
35.1
  
34.6
34.0
33.2
34.4
Total assets
47.9
50.2
52.2
55.9
  
53.7
52.9
50.8
52.4
Customer deposits
29.1
30.3
33.1
33.6
  
33.6
32.1
32.0
32.7
Risk weighted assets
31.7
33.8
34.4
37.3
  
36.7
36.2
34.9
34.9
                   
Performance measures
                  
Return on average tangible equity
4.1%
14.0%
13.5%
14.9%
  
12.6%
13.0%
12.0%
15.1%
Average allocated tangible equity (£bn)
2.4
2.4
2.6
2.8
  
2.7
2.5
2.5
2.4
Cost: income ratio
68%
63%
62%
59%
  
68%
62%
62%
62%
Loan loss rate (bps)
115
78
115
97
  
85
81
113
106
 
Performance Management
 
Returns and equity by business
  
     
 
Year ended
Year ended
 
31.12.15
31.12.14
Profit/(loss) attributable to ordinary equity holders of the parent1
£m
£m
Barclays UK
(33)
869
Barclays Corporate & International
1,800
949
Head Office
11
373
Barclays Core
1,778
2,191
Barclays Non-Core impact
(2,405)
(2,645)
     
Barclays Group (including Barclays Africa discontinued operation)
(324)
(120)
     
 
Year ended
Year ended
 
31.12.15
31.12.14
Average allocated tangible equity
£bn
£bn
Barclays UK
9.3
9.1
Barclays Corporate & International
24.9
25.0
Head Office2
2.6
(2.7)
Barclays Core
36.8
31.4
Barclays Non-Core
10.9
15.6
Barclays Group
47.7
47.0
     
 
As at
As at
 
31.12.15
31.12.14
Period end allocated tangible equity
£bn
£bn
Barclays UK
9.0
9.1
Barclays Corporate & International
23.8
24.7
Head Office2
5.0
0.2
Barclays Core
37.8
34.0
Barclays Non-Core
8.5
13.1
Barclays Group
46.3
47.1
     
 
Year ended
Year ended
 
31.12.15
31.12.14
Return on average tangible equity
%
%
Barclays UK
(0.3)
9.5
Barclays Corporate & International
7.2
3.8
Barclays Core
4.8
7.0
     
Barclays Group
(0.7)
(0.3)

 
1
Profit for the period attributable to ordinary equity holders of the parent includes the tax credit recorded in reserves in respect of interest payments on other equity instruments.
2
Based on risk weighted assets and capital deductions in the Head Office plus the residual balance of average tangible ordinary shareholders' equity.