Barclays Bank (ATMP) 20-F 2005 FY Annual report (foreign)

  EXHIBITS Exhibit 7.3

BARCLAYS BANK PLC

RATIO OF EARNINGS TO FIXED CHARGES - US GAAP

	Year ended 31st December
	2005		2004		2003		2002	2001
	(in £ millions except for ratios)
FIXED CHARGES
Interest expense (b)	20,953		14,330		10,609		10,004	13,173
Rental expense (b)	126		93		85		87	95
Total fixed charges	21,079		14,423		10,694		10,091	13,268
EARNINGS
US GAAP income before taxes and minority interests (a)	4,565		4,465		2,588		3,609	3,957
Less: Unremitted pre-tax (income)/ loss of associated companies and joint ventures (b)	(28	)	(51	)	(21	)	11	13
	4,537		4,414		2,567		3,620	3,970
Fixed charges	21,079		14,423		10,694		10,091	13,268
Total earnings including fixed charges	25,616		18,837		13,261		13,711	17,238
RATIO OF EARNINGS TO FIXED CHARGES	1.22		1.31		1.24		1.36	1.30
RATIO OF EARNINGS TO COMBINED FIXED CHARGES, PREFERENCE SHARE
DIVIDENDS AND SIMILAR APPROPRIATIONS - US GAAP
	Year ended 31st December
	2005		2004		2003		2002	2001
	(in £ millions except for ratios)
COMBINED FIXED CHARGES, PREFERENCESHARE DIVIDENDS AND SIMILAR APPROPRIATIONS
Interest expense (b)	20,953		14,330		10,609		10,004	13,173
Rental expense (b)	126		93		85		87	95
Fixed charges	21,079		14,423		10,694		10,091	13,268
Preference share dividends and similar appropriations (c)	288		137		145		149	145
Total fixed charges, preference share dividends and similar appropriations	21,367		14,560		10,839		10,240	13,413
EARNINGS
US GAAP income before taxes and minority interests (a)	4,565		4,465		2,588		3,609	3,957
Less: Unremitted pre-tax (income)/loss of associated companies and joint ventures (b)	(28	)	(51	)	(21	)	11	13
	4,537		4,414		2,567		3,620	3,970
Fixed charges	21,079		14,423		10,694		10,091	13,268
Total earnings including fixed charges	25,616		18,837		13,261		13,711	17,238
RATIO OF EARNINGS TO COMBINED FIXED CHARGES, PREFERENCE SHAREDIVIDENDS AND SIMILAR APPROPRIATIONS	1.20		1.29		1.22		1.34	1.29

(a) For a discussion of significant differences between IFRS and US GAAP and a reconciliation of net income between amounts calculated under IFRS and those calculated under US GAAP, see note 63 of the accounts included herein.

(b) Interest expense, rental expense and unremitted pre-tax income of associated companies and joint ventures under US GAAP for 2004 have been revised to take account of line item reclassifications arising from the Group’s conversion to IFRS.

(c) Dividends payable on preference shares and similar appropriations are computed as the amount divided by 1 minus the effective or actual tax rate as appropriate. In reporting in previous years, the dividends payable on preference shares and similar appropriations were not grossed up to reflect the effective or actual tax rate. Prior year ratios have been revised accordingly.