Barclays 2009 Annual Report Download - page 297

www.barclays.com/annualreport09 Barclays PLC Annual Report 2009 295
50 Fair value of financial instruments continued
The following table shows the Group’s financial assets and liabilities that are recognised and measured at fair value and analysed by level within the fair
value hierarchy.
Financial assets and liabilities measured at fair value Valuation technique using
Quoted Significant
market Observable unobservable
prices inputs inputs
(Level 1) (Level 2) (Level 3) Total
£m £m £m £m
31st December 2009
Trading portfolio assets 76,256 69,010 6,078 151,344
Financial assets designated at fair value:
– held on own account 5,766 24,845 10,700 41,311
– held in respect of linked liabilities to customers under investment contracts 1,209 48 – 1,257
Derivative financial assets 3,163 401,451 12,201 416,815
Available for sale assets 19,919 35,287 1,277 56,483
Total assets 106,313 530,641 30,256 667,210
Trading portfolio liabilities (42,238) (8,936) (78) (51,252)
Financial liabilities designated at fair value – (82,374) (3,828) (86,202)
Liabilities to customers under investment contracts (109) (1,570) – (1,679)
Derivative financial liabilities (2,386) (391,916) (9,114) (403,416)
Total liabilities (44,733) (484,796) (13,020) (542,549)
31st December 2008
Trading portfolio assets 72,120 98,892 14,625 185,637
Financial assets designated at fair value:
– held on own account 5,129 32,340 17,073 54,542
– held in respect of linked liabilities to customers under investment contracts 33,554 32,495 608 66,657
Derivative financial assets 5,548 956,348 22,906 984,802
Available for sale assets 14,391 47,448 3,137 64,976
Total assets 130,742 1,167,523 58,349 1,356,614
Trading portfolio liabilities (42,777) (16,439) (258) (59,474)
Financial liabilities designated at fair value (23) (73,698) (3,171) (76,892)
Liabilities to customers under investment contracts (32,640) (35,935) (608) (69,183)
Derivative financial liabilities (3,516) (949,143) (15,413) (968,072)
Total liabilities (78,956) (1,075,215) (19,450) (1,173,621)
The table above has been compiled using the new definitions required by IFRS 7 revised and, as a result, the classifications of assets and liabilities are not
directly comparable to the Group’s previously published tables of fair value measurement.
The following table shows the Group’s financial assets and liabilities that are recognised and measured at fair value disaggregated by valuation techniques
and by product type.
Financial assets and liabilities measured at fair value by product type
At 31st December 2009 Assets Liabilities
Valuation technique using Valuation technique using
Significant Significant
Quoted Observable unobservable Quoted Observable unobservable
market prices inputs inputs market prices inputs inputs
Level 1 Level 2 Level 3 Level 1 Level 2 Level 3
£m £m £m £m £m £m
Commercial real estate loans – – 7,170 – – –
Asset backed products – 34,779 5,840 – (6,165) (2,334)
Other credit products 1 47,202 2,020 – (47,904) (2,827)
Derivative exposure to Monoline insurers – – 2,027 – – –
Non-asset backed debt instruments 72,578 66,885 3,127 (35,760) (73,371) (3,202)
Equity products 28,053 11,772 1,536 (8,788) (13,737) (1,922)
Private equity 73 176 1,978 – – –
Funds and fund-linked products 3,856 5,387 1,241 – (2,049) –
FX products – 24,885 761 – (25,159) (379)
Interest rate products 176 288,718 2,357 – (275,684) (1,775)
Commodity products 1,414 31,562 748 (76) (37,091) (581)
Other 162 19,275 1,451 (109) (3,636) –
Total 106,313 530,641 30,256 (44,733) (484,796) (13,020)