FY 2022 Results
Three months ended (Em)
Income
Dec-22
Dec-21% change
(31)
(49) +37%
-Operating costs
(97)
(152)
+36%
- Bank levy
(17)
-Litigation and conduct
1
(3)
Total operating expenses
(113)
(155)
+27%
Other net income
4
11
-64%
Loss before impairment
(140)
(193)
+27%
Credit impairment charges
(13)
Loss before tax
Attributable loss
(5) -120%
(153) (198) +23%
(63) (159) +60%
Q422 Head Office Financial Highlights
Income of £(31)m driven by
Treasury items, funding costs on legacy capital instruments and mark-to-market
losses on legacy investments, more than offset by hedge accounting gains
£72m interest expense that became payable to a US tax authority upon the
resolution of historical tax issues
Operating expenses (excl. L&C) of £114m (Q421: £152m)
RWAs of £8.6bn (Q421: £11.Obn) driven by Absa disposals
Performance measures
Average allocated tangible equity
Dec-22 Sep-22 Dec-21
£(2.4)bn £(0.4)bn £5.1bn
Balance sheet and capital
RWA
Dec-22 Sep-22 | Dec-21
£8.6bn £8.2bn £11.0bn
46 | Barclays FY 2022 Results | 15 February 2023
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