UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
August 2005
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):
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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.
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EXHIBIT INDEX
Interim Results - 05 August 2005
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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 05 2005 By: /s/ Patrick Gonsalves
----------------------
Patrick Gonsalves
Deputy Secretary
BARCLAYS BANK PLC
(Registrant)
Date: August 05 2005 By: /s/ Patrick Gonsalves
----------------------
Patrick Gonsalves
Joint Secretary
Barclays Bank PLC
Interim Results Announcement June 2005
Barclays Bank PLC
5th August 2005
BARCLAYS BANK PLC
BARCLAYS BANK PLC IS A WHOLLY OWNED SUBSIDIARY OF BARCLAYS PLC
The Directors report the following results of Barclays Bank PLC for the
half-year ended 30th June 2005:
CONSOLIDATED INCOME STATEMENT (UNAUDITED)
Half-year ended
30.06.05 31.12.04 30.06.04
GBPm GBPm GBPm
Continuing operations
Interest income 7,648 7,315 6,565
Interest expense (3,948) (3,815) (3,232)
-------- -------- --------
Net interest income 3,700 3,500 3,333
-------- -------- --------
Fee and commission income 2,872 2,861 2,648
Fee and commission expense (332) (329) (333)
-------- -------- --------
Net fee and commission income 2,540 2,532 2,315
-------- -------- --------
Net trading income 1,176 684 803
Net investment income 373 714 313
-------- -------- --------
Principal transactions 1,549 1,398 1,116
Net premiums from insurance contracts 371 506 536
Other operating income 49 84 56
-------- -------- --------
Total operating income 8,209 8,020 7,356
Net claims and benefits on insurance
contracts (287) (870) (389)
-------- -------- --------
Total income, net of insurance claims 7,922 7,150 6,967
Impairment loss on loans and advances
and other credit risk provisions (706) (504) (589)
-------- -------- --------
Net operating income 7,216 6,646 6,378
Operating expenses (4,542) (4,562) (3,974)
Share of results of associates and
joint ventures 16 42 14
Profit on disposal of associates and
joint ventures - - 45
-------- -------- --------
Profit before tax 2,690 2,126 2,463
Tax (715) (634) (645)
-------- -------- --------
Profit for the year 1,975 1,492 1,818
-------- -------- --------
Profit attributable to minority
interests 29 27 20
Profit attributable to shareholders 1,946 1,465 1,798
-------- -------- --------
1,975 1,492 1,818
-------- -------- --------
BARCLAYS BANK PLC
CONSOLIDATED BALANCE SHEET (UNAUDITED)
As at
30.06.05 01.01.05 31.12.04 30.06.04
GBPm GBPm GBPm GBPm
Assets
Cash and balances at
central banks 4,106 3,238 1,753 1,829
Items in the course of
collection from
other
banks 2,208 1,772 1,772 2,527
Treasury bills and other
eligible bills 6,658 6,547
Trading portfolio assets 134,235 110,033
Non-trading financial
instruments fair
valued through profit and
loss:
- held on own account 9,747 9,799
- held in respect of
linked liabilities to
customers under
investment contracts 69,792 63,124
Derivative financial
instruments 133,932 94,211
Loans and advances to
banks 35,225 25,728 80,632 83,034
Loans and advances to
customers 237,123 207,259 262,409 252,053
Debt securities 130,464 119,942
Equity shares 11,410 8,612
Available for sale
financial investments 61,382 48,216
Reverse repurchase
agreements and cash
collateral on securities
borrowed 149,400 139,574
Other assets 3,491 3,647 25,915 21,344
Insurance assets,
including unit-linked
assets 107 109 8,576 8,165
Investments in associates
and joint ventures 438 429 429 442
Goodwill 4,590 4,518 4,518 4,398
Intangible assets 120 139 139 62
Property, plant and
equipment 2,407 2,282 2,282 2,108
Deferred tax assets 2,059 1,641 1,388 1,383
-------- -------- -------- --------
Total assets 850,362 715,719 538,345 512,446
-------- -------- -------- --------
BARCLAYS BANK PLC
CONSOLIDATED BALANCE SHEET (UNAUDITED)
As at
30.06.05 01.01.05 31.12.04 30.06.04
GBPm GBPm GBPm GBPm
Liabilities
Deposits from banks 84,538 74,735 111,024 115,836
Items in the course of
collection due to
other
banks 2,809 1,205 1,205 1,442
Customer accounts 217,715 194,478 217,492 206,170
Trading portfolio
liabilities 65,598 59,114
Non-trading financial
instruments fair value through
profit and loss:
- Held on own account 8,231 5,320
Liabilities to customers
under
investment
contracts 71,608 64,609
Derivative financial
instruments 132,784 94,429
Debt securities in issue 93,328 76,154 83,842 69,431
Repurchase agreements and
cash
collateral on
securities lent 122,076 98,582
Other liabilities 9,649 9,869 82,936 79,546
Current tax liabilities 786 621 621 697
Insurance contract
liabilities, including
unit-linked liabilities 3,589 3,596 8,377 7,944
Subordinated liabilities:
- Undated loan capital -
non convertible 4,366 4,208 6,149 6,233
- Dated loan capital -
convertible to preference
shares 13 15 15 15
- Dated loan capital -
non convertible 6,930 6,383 6,113 6,220
Deferred tax liabilities 1,891 1,397 1,362 1,284
Other provisions for
liabilities 386 403 416 329
Retirement benefit
liabilities 2,041 1,865 1,865 2,028
-------- ------- -------- --------
Total liabilities 828,338 696,983 521,417 497,175
-------- ------- -------- --------
Shareholders' equity
Called up share capital 2,341 2,316 2,316 2,304
Share premium account 8,786 6,531 6,531 5,763
Available for sale
reserve 374 314
Cash flow hedging reserve 328 302
Other shareholders' funds 2,551 2,494
Translation reserve (35) (58) (58) (43)
Retained earnings 7,479 6,691 7,933 7,069
-------- ------- -------- --------
Shareholders' equity
excluding
minority
interests 21,824 18,590 16,722 15,093
Minority interests 200 146 206 178
-------- ------- -------- --------
Total shareholders'
equity 22,024 18,736 16,928 15,271
-------- ------- -------- --------
-------- ------- -------- --------
Total liabilities and
shareholders' equity 850,362 715,719 538,345 512,446
-------- ------- -------- --------
BARCLAYS BANK PLC
CONSOLIDATED STATEMENT OF RECOGNISED INCOME AND EXPENSE (UNAUDITED)
Half-year ended
30.06.05 31.12.04 30.06.04
GBPm GBPm GBPm
Available for sale reserve:
Net gains from changes in fair value 112
Amount transferred to profit on
disposal (26)
Cash flow hedging reserve:
Gains from changes in fair value 16
Amount transferred to profit 12
Share of changes in associates equity (28) (17) -
Currency translation differences
arising during the year 23 (15) (43)
Tax (118) - -
Other 38 16 11
Profit for the period 1,946 1,465 1,798
--------- --------- ---------
Total recognised income and expense for
the period 1,975 1,449 1,766
--------- --------- ---------
Attributable to:
Equity holders of the parent 1,950 1,422 1,746
Minority interest 25 27 20
--------- --------- ---------
1,975 1,449 1,766
--------- --------- ---------
BARCLAYS BANK PLC
CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED)
Half-year ended
30.06.051 31.12.04 30.06.04
GBPm GBPm GBPm
Net cash inflow from operating
activities 17,636 2,293 2,911
Net cash outflow from investing
activities (11,514) (2,702) (4,296)
Net cash inflow from financing
activities 2,594 1,095 1,832
Effect of exchange rate changes on
cash and cash equivalents (539) (165) (305)
-------- -------- --------
Net increase in cash and cash
equivalents 8,177 521 142
Cash and cash equivalents at beginning
of period 21,603 13,996 13,854
-------- -------- --------
Cash and cash equivalents at end of
period 29,780 14,517 13,996
-------- -------- --------
1 The opening cash equivalents balance includes the impacts of adopting IAS 32
and IAS 39 and IFRS 4, which have not been applied to 2004 comparatives, in
accordance with IFRS 1.
BARCLAYS BANK PLC
NOTES
1. Basis of preparation
The Group will adopt the requirements of International Financial Reporting
Standards (collectively IFRS) for the first time for the purpose of preparing
financial statements for the year ending 31st December 2005. Restated 2004
comparatives, 2005 opening balance sheets and the reconciliations required by
IFRS 1 will be provided in the full year Results Announcement 2005. The Group
has applied IFRS from 1st January 2004, with the exception of the standards
relating to financial instruments and insurance contracts, which are applied
only with effect from 1st January 2005. The impacts of adopting IAS 32, IAS 39
and IFRS 4 are not included in the 2004 comparatives in accordance with IFRS 1
and financial instruments and insurance contracts are accounted for in
accordance with UK GAAP in 2004. Therefore, the results for 2005 are not
entirely comparable to those for 2004 in affected areas.
2. Authorised share capital
Ordinary shares
The authorised ordinary share capital of Barclays Bank PLC at 30th June 2005 was
3,000 million (31st December 2004: 3,000 million) ordinary shares of GBP1 each.
Preference shares 30.06.05 31.12.04 30.06.04
'000 '000 '000
Authorised share capital - shares of GBP1 each 1 1 -
Authorised share capital - shares of GBP100
each 400 - -
Authorised share capital - shares of
U.S.$0.01 each1 - 150,000 150,000
Authorised share capital - shares of
U.S.$0.25 each1 80,000 - -
Authorised share capital - shares of U.S.$100
each 400 - -
Authorised share capital - shares of EUR100
each 400 400 -
3. Issued share capital
Ordinary shares
The issued ordinary share capital of Barclays Bank PLC at 30th June 2005
comprised 2,311 million (31st December 2004: 2,309 million) ordinary shares of
GBP1 each.
The whole of the issued ordinary share capital of Barclays Bank PLC is
beneficially owned by Barclays PLC.
Preference shares 30.06.05 31.12.04 30.06.04
'000 '000 '000
Issued and fully paid shares of GBP1 each 1 1 -
Issued and fully paid shares of GBP100 each 75 - -
Issued and fully paid shares of U.S.$0.01 - - -
each
Issued and fully paid shares of U.S.$0.25 - - -
each
Issued and fully paid shares of U.S.$100 each 100 - -
Issued and fully paid shares of EUR100 each 240 100 -
4. Staff numbers
On a full time equivalent basis the total permanent and contract staff at 30th
June 2005 was 78,800 (31st December 2004: 78,400). Additionally temporary and
agency staff totalled 4,300 (31st December 2004: 4,300).
1 On 1st June 2005, Barclays Bank PLC consolidated the 150,000,000 preference
shares of $0.01 into 6,000,000 preference shares of $0.25 each, and authorised a
further 74,000,000 of such shares.