Final Results - Part 5

Barclays PLC
8 February 2001

PART 5

                AVERAGE BALANCE SHEET AND NET INTEREST INCOME                   


                           31.12.00 31.12.00 31.12.00 31.12.99 31.12.99 31.12.99
                              Average Interest Average Average Interest Average
                              balance             rate balance             rate
Assets                             £m       £m       %      £m       £m       %
Treasury bills and other
eligible bills:
in offices in the UK            4,491      146     3.3   3,697      175     4.7
in offices outside the UK         844       88    10.4     898       90    10.0
Loans and advances to banks:
in offices in the UK            6,579      355     5.4   7,762      361     4.7
in offices outside the UK       6,361      397     6.2   8,224      442     5.4
Loans and advances to
customers:
in offices in the UK           83,651    6,810     8.1  68,752    5,549     8.1
in offices outside the UK      20,693    1,298     6.3  16,154      893     5.5
Lease receivables:
in offices in the UK            4,683      316     6.7   5,059      346     6.8
in offices outside the UK         366       39    10.6     537       67    12.5
Debt securities:
in offices in the UK           26,973    1,630     6.0  15,256      851     5.6
in offices outside the UK      11,559      709     6.1   9,928      546     5.5
Average assets of banking     166,200   11,788     7.1 136,267    9,320     6.8
business
Average assets of trading      98,156    4,808     4.9  67,278    3,655     5.4
business
Total average interest        264,356   16,596     6.3 203,545   12,975     6.4
earning assets
Provisions                    (2,115)                  (1,955)
Non-interest earning assets    43,125                   42,526
Total average assets and
interest income               305,366   16,596     5.4 244,116   12,975     5.3
Percentage of total average
assets in offices outside the    31.4                     31.0
UK
Average interest earning
assets
and net interest income:
Banking business              166,200    5,161     3.1 136,267    4,630     3.4
Trading business               98,156    (216)   (0.2)  67,278     (31)       -
Discount rate adjustment on                (8)       -              (6)       -
provisions
Profit on redemption/
repurchase of loan capital                   2       -                3       -
Total average interest
earning
assets and net interest       264,356    4,939     1.9 203,545    4,596     2.3
income
Total average interest
earning
assets related to:
Interest income                         16,596     6.3           12,975     6.4
Interest expense                      (11,651)   (4.4)          (8,376)   (4.1)
Discount rate adjustment on                (8)       -              (6)       -
provisions
Profit on redemption/
repurchase
of loan capital                              2       -                3       -
                                         4,939     1.9            4,596     2.3



Notes

(i)            Loans and advances to customers and banks include all doubtful
lendings, including non-accrual lendings. Interest receivable on such lendings
has been included to the extent to which either cash payments have been
received or interest has been accrued in accordance with the income
recognition policy of the Group.

(ii)           Average balances are based upon daily averages for most UK
banking operations and monthly averages elsewhere.

(iii)          The average balance sheet does not include the retail life-fund
assets attributable to policyholders nor the related liabilities.





                AVERAGE BALANCE SHEET AND NET INTEREST INCOME


                           31.12.00 31.12.00 31.12.00 31.12.99 31.12.99 31.12.99
                              Average Interest Average Average Interest Average
                              balance             rate balance             rate
Liabilities and shareholders'      £m       £m       %      £m       £m       %
funds
Deposits by banks:
in offices in the UK           21,465      932     4.3  14,210      479     3.4
in offices outside the UK      13,736      545     4.0  11,506      460     4.0
Customer accounts - demand
accounts:
in offices in the UK           13,302      220     1.7  12,786      168     1.3
in offices outside the UK       1,707       50     2.9   1,827       35     1.9
Customer accounts - savings
accounts:
in offices in the UK           27,349    1,005     3.7  24,517      772     3.1
in offices outside the UK       1,312       62     4.7   1,307       55     4.2
Customer accounts -
other time deposits - retail:
in offices in the UK           28,639    1,634     5.7  23,998    1,231     5.1
in offices outside the UK       5,785      316     5.5   5,076      234     4.6
Customer accounts -
other time deposits -
wholesale:
in offices in the UK           22,596    1,165     5.2  19,555      848     4.3
in offices outside the UK      10,005      553     5.5   6,067      306     5.0
Debt securities in issue:
in offices in the UK           19,904    1,057     5.3  15,656      777     5.0
in offices outside the UK       7,279      457     6.3   7,130      379     5.3
Dated and undated loan
capital
and other subordinated
liabilities
principally in offices in the   4,643      335     7.2   4,092      263     6.4
UK
Internal funding of trading   (30,355)  (1,704)     5.6 (29,231)  (1,317)   4.5
business
Average liabilities of        147,367    6,627     4.5 118,496    4,690     4.0
banking business
Average liabilities of         98,297    5,024     5.1  71,535    3,686     5.2
trading business
Total average interest
bearing liabilities           245,664   11,651     4.7 190,031    8,376     4.4
Interest free customer
deposits:
in offices in the UK            9,468                    8,677
in offices outside the UK       1,858                    1,597
Other non-interest bearing     37,637                   35,190
liabilities
Minority interests and
shareholders' funds            10,739                    8,621
Total average liabilities,
shareholders'
funds and interest expense    305,366   11,651     3.8 244,116    8,376     3.4
Percentage of total average
non-capital liabilities in
offices
outside the UK                   30.5                     30.3



                     CONSOLIDATED STATEMENT OF CHANGES IN

                             SHAREHOLDERS' FUNDS


                                                                  2000     1999
                                                                    £m       £m

At beginning of year                                             8,483    7,842
Proceeds of shares issued (net of expenses)                      3,554      214
Exchange rate translation differences                               17     (70)
Repurchase of ordinary shares*                                   (311)    (504)
Goodwill written back on disposals                                   -      138
Shares issued to the QUEST in relation to share
option schemes for staff                                         (114)    (154)
Other items                                                         12        4
Profit retained                                                  1,546    1,013
At end of year                                                  13,187    8,483



*      Including nominal amount of £20m (1999: £28m).

                Statement of total recognised gains and losses


                                                                 2000     1999
                                                                   £m       £m

Profit attributable to the members of Barclays PLC              2,473    1,759
Exchange rate translation differences                              15     (72)
Other items                                                        12       25
Joint ventures and associated undertakings                          2     (19)
Total recognised gains relating to the period                   2,502    1,693
Prior period adjustment                                             -     (81)
Total gains and losses recognised
since 31st December 1999                                        2,502    1,612



The 1999 prior period adjustment arose from a change in accounting policies
following the adoption of Financial Reporting Standard 12, 'Provisions,
Liabilities and Assets'.

Historical cost profits and losses

There is no material difference between profit before tax and profit retained,
as reported, and historical cost profits.

                   SUMMARY CONSOLIDATED CASH FLOW STATEMENT


                                                 Note         2000        1999
                                                   1            £m          £m
Net cash inflow from operating activities                   12,384       8,923

Dividends received from associated
undertakings                                                     1           5

Net cash outflow from returns on
investment and servicing of finance                          (404)       (290)

Tax paid                                                     (636)       (636)

Net cash outflow from
capital expenditure and financial
Investment                                                 (8,860)     (7,890)

Acquisitions and disposals                                 (2,101)         242

Equity dividend paid                                         (779)       (676)

Net cash inflow before financing                             (395)       (322)

Net cash inflow from financing                               1,620         400
Increase in cash                                             1,225          78



                   NOTE TO CONSOLIDATED CASHFLOW STATEMENT

1.             Reconciliation of operating profit to net operating cashflows


                                                              2000         1999
                                                                £m           £m
      Operating profit                                       3,290        2,607
      Provisions for bad and doubtful debts                    817          621
      Depreciation and amortisation                            302          276
      Net increase/(decrease) in accrued expenditure
        and prepayments                                        188        (149)
      Provisions for contingent liabilities and
        Commitments                                            (1)            1
      Other provisions for liabilities and charges             313          445
      Interest on dated and undated loan capital and
        other subordinated liabilities                         335          263
      Increase in shareholders' interest in the
        long-term assurance fund                             (165)         (32)
      Profit on redemption/repurchase of loan capital          (2)          (3)
      Net decrease in net interest and
        commission receivable                                  369          691
      Net profit on disposal of investments and fixed
        Assets                                                (60)         (51)
      Other non-cash movements                                  35            7
                                                             5,421        4,676
      Net change in items in transit and items in
        course of collection                                 (241)           96
      Net increase in other credit balances                  1,857          516
      Net increase in loans and advances to
        banks and customers                                (7,942)     (23,862)
      Net increase in deposits and debt
        securities in issue                                 13,611       32,100
      Net decrease/(increase) in other assets                1,235        (307)
      Net increase in other debt securities
        and equity shares                                  (3,181)      (1,922)
      Net decrease/(increase) in treasury and other
        eligible bills                                       1,676      (2,462)
      Other non-cash movements                                (52)           88
      Net cash inflow from operating
      activities                                            12,384        8,923


                              OTHER INFORMATION


Financial Summary                          2000    1999    1998    1997    1996
                                             £m      £m      £m      £m      £m
Profit before tax                         3,496   2,455   1,882   1,697   2,235
Profit after tax                          2,552   1,811   1,362   1,177   1,677
Total capital resources                  21,157  13,432  11,890  10,810  10,608

                                              p       p       p       p       p
Earnings per ordinary share               163.3   117.5    87.2    74.6   103.6
Dividends per ordinary share               58.0    50.0    43.0    37.0    31.5
Net asset value per ordinary share          794     568     519     494     467

Dividend cover (times)                      2.7     2.4     2.0     2.0     3.4

Risk asset ratios:                            %       %       %       %       %

Tier 1 ratio                                7.2     7.5     7.3     7.2     7.5
Total ratio                                11.0    11.3    10.6     9.9    10.3

Performance ratios                            %       %       %       %       %

Return on average shareholders' funds:

      Pre-tax                              34.4    28.9    23.5    22.0    30.5
      Post-tax                             25.1    21.2    16.9    15.2    22.9

Return on average total assets:

      Pre-tax                               1.1     1.0     0.8     0.8     1.2
      Post-tax                              0.8     0.7     0.6     0.5     0.9

Return on average weighted risk assets:

      Pre-tax                               2.7     2.2     1.7     1.6     2.2
      Post-tax                              1.9     1.6     1.2     1.1     1.7

Non interest income/total income          46.3*   44.7*   41.1*  48.7**    50.5

Operating expenses/total income ***        54.2    57.2    65.9    63.0    65.8





*      Excluding the impact of the Finance Act 1998.

**    Excluding the impact of the Finance (No 2) Act 1997.

***  Excluding the 2000 and 1999 restructuring charges, The Woolwich
integration costs, goodwill amortisation, the results of the former BZW
businesses and the impact of the Finance Act 1998 and the Finance (No 2) Act
1997.

The financial information above is extracted from the published accounts for
the last five years, restated where appropriate to accord with the current
accounting policies of the Group.


PROFIT BEFORE TAX                          31.12.00  30.6.00 31.12.99  30.6.99
(half-year ended - unaudited)                    £m       £m       £m       £m
Retail Financial Services                       888      822      691      621
Barclaycard                                     223      195      206      195
Corporate Banking                               529      541      489      458
Barclays Capital                                185      218      136      175
Barclays Global Investors                        32       33       15       28
Other operations                                (7)        6       23     (10)
Head office functions                          (54)     (39)     (47)     (30)
                                              1,796    1,776    1,513    1,437
Integration costs                               (7)        -        -        -
Restructuring charge                          (126)    (106)        1    (345)
Goodwill amortisation                          (45)      (6)      (7)      (6)
Exceptional items                                36      178     (19)    (119)
                                              1,654    1,842    1,488      967

                                           31.12.00  30.6.00 31.12.99  30.6.99
TOTAL ASSETS                                     £m       £m       £m       £m
Retail Financial Services                    80,128   42,799   41,383   39,375
Barclaycard                                   8,705    7,696    7,343    6,401
Corporate Banking                            52,869   51,209   47,422   46,662
Barclays Capital                            156,869  170,946  144,807  135,937
Barclays Global Investors                       259      255      232      199
Other operations and Head office functions    4,380    5,278    5,383    4,969
Retail life-fund assets attributable to
policyholders                                 8,711    8,014    8,040    7,513
Goodwill                                      4,269      188      183      209
                                            316,190  286,385  254,793  241,265

WEIGHTED RISK ASSETS
Retail Financial Services                    47,246   27,503   26,152   25,354
Barclaycard                                   8,523    7,697    7,210    6,333
Corporate Banking                            54,651   52,502   48,218   47,683
Barclays Capital                             34,431   33,388   32,032   31,652
Barclays Global Investors                       653      653      456      297
Other operations                              1,536    1,740    1,810    2,675
                                            147,040  123,483  115,878  113,994


    Consolidated profit and loss account by half-year (unaudited)


                                            31.12.00 30.6.00  31.12.99 30.6.99
                                                  £m      £m        £m      £m
Interest receivable                            6,297   5,491     4,823   4,497
Interest payable                              (3,613) (3,022)   (2,477) (2,219)
Profit on redemption/repurchase of
loan capital                                       -       2         3       -
Net interest income                            2,684   2,471     2,349   2,278

Net fees and commissions receivable            1,767   1,602     1,515   1,417
Dealing profits                                  262     415       234     322
Other operating income                           199     198       134     124
Total non-interest income                      2,228   2,215     1,883   1,863
Operating income                               4,912   4,686     4,232   4,141
Administration expenses - staff costs         (1,613) (1,606)   (1,389) (1,668)
Administration expenses - other               (1,065)   (902)     (872)   (935)
Depreciation and amortisation                   (177)   (129)     (143)   (137)
Operating expenses                            (2,855) (2,637)   (2,404) (2,740)
Operating profit before provisions             2,057   2,049     1,828   1,401
Provisions for bad and doubtful debts           (441)   (376)     (301)   (320)
Provisions for contingent liabilities etc.         -       1        (1)      -
Operating profit                               1,616   1,674     1,526   1,081
Loss from joint ventures                          (1)      -        (1)      -
Income/(loss) from associated undertakings         3     (10)      (18)      5
Exceptional items                                 36     178       (19)   (119)
Profit on ordinary activities before tax       1,654   1,842     1,488     967
Tax on profit on ordinary activities            (456)   (488)     (395)   (249)
Profit on ordinary activities after tax        1,198   1,354     1,093     718
Minority interests
(equity and non-equity)                          (45)    (34)      (30)    (22)
Profit attributable to the members
of Barclays PLC                                1,153   1,320     1,063     696
Dividends                                       (632)   (295)     (484)   (262)
Profit retained                                  521   1,025       579     434

Earnings per ordinary share                    74.4p    88.9p     71.3p   46.2p

Earnings per share before restructuring charge,81.3p    82.3p     72.5p   71.1p
goodwill amortisation, integration costs and
exceptional items

Dividends per ordinary share                   38.0p    20.0p     32.5p   17.5p



Basis of preparation of pro forma results

In order to provide a benchmark against which the Group's future performance
can be compared, pro forma results have been prepared for the year ended 31st
December 2000 assuming that the acquisition of Woolwich plc took place on 1st
January 2000.

The pro forma results for the year ended 31st December 2000 have been prepared
on the following basis:

Changes in accounting policies.

The results for The Woolwich have been restated onto Barclays accounting
policies. This has resulted in mortgage incentives and software costs,
previously capitalised and amortised, being expensed as incurred.

Changes in accounting estimates

The results for The Woolwich have been adjusted to reflect the Barclays Group
depreciation rates and other accounting estimates.

Adjustment to reflect net funding of the acquisition of Woolwich.

Interest received has been reduced by £128m to reflect interest foregone had
the cash element of the acquisition been paid on 1st January 2000.  This is
based on the assumption that the amount would have been deposited at the
internal transfer price of cash, which is calculated based on an average of
one-month sterling LIBOR over the period.

Results of businesses disposed of

The results of any businesses disposed of during the period since 1st January
2000 by either Barclays or The Woolwich have been eliminated, together with
any profits or losses on disposal.  Proceeds of £286m are assumed to have been
received on 1st January 2000 and interest received adjusted on the same basis
as for the funding adjustment above.

Goodwill amortisation.

Amortisation of £206m per year based on goodwill balance of £4,121m over its
estimated economic life of 20 years has been included in the pro forma
accounts.



Costs of acquisition

Incremental costs incurred by The Woolwich in relation to the acquisition have
not been included.

Pro forma consolidated profit and loss account for Barclays and The Woolwich
(excluding businesses disposed of)


                                                                           2000
                                                                             £m
Interest receivable                                                      13,546
Interest payable                                                        (8,006)
Profit on redemption/repurchase of loan capital                               2
Net interest income                                                       5,542
Net fees and commissions receivable                                       3,597
Dealing profits                                                             677
Other operating income                                                      432
Total non-interest income                                                 4,706
Operating income                                                         10,248
Administration expenses - staff costs                                   (3,189)
Administration expenses - other                                         (2,135)
Depreciation and amortisation                                             (294)
Operating expenses                                                      (5,618)
Operating profit before provisions                                        4,630
Provisions for bad and doubtful debts                                     (850)
Provisions for contingent liabilities and commitments                         1
Operating profit                                                          3,781
Loss from joint ventures                                                    (3)
Loss from associated undertakings                                           (7)
Restructuring charge                                                      (232)
Goodwill amortisation                                                     (219)
Integration costs                                                           (7)
Profit on ordinary activities before tax                                  3,313



For further information; please contact:   John Varley
                                           Finance Director
                                           020 7699 5000 - Switchboard

                                           Ian Roundell
                                           Head of Investor Relations
                                           020 7699 2961 - Direct Line

                                           Leigh Bruce
                                           Director, Corporate Communications
                                           020 7699 2658 - Direct Line



More information on Barclays, including the 2000 results, can be found on our
website at the following address: http://www.investor.barclays.com