Barclays 2010 Annual Report Download - page 136

Risk management
Liquidity risk management continued
Contractual maturity of financial assets and liabilities (audited)
Details of contractual maturities for assets and liabilities form an important
source of information for the management of liquidity risk. Such information
is used (amongst other things) as the basis for modelling a behavioural
balance sheet, for input into the liquidity framework, as discussed above.
The table below provides detail on the contractual maturity of all financial
instruments and other assets and liabilities. Derivatives (other than those
designated in a hedging relationship) and trading portfolio assets and
liabilities are included in the on demand column at their fair value.
Liquidity risk on these items is not managed on the basis of contractual
maturity since they are not held for settlement according to such maturity
and will frequently be settled before contractual maturity at fair value.
Derivatives designated in a hedging relationship are included according
to their contractual maturity.
Financial assets designated at fair value in respect of linked liabilities to
customers under investment contracts have been included in other assets
and other liabilities as the Group is not exposed to liquidity risk arising
from them; any request for funds from creditors would be met by
simultaneously liquidating or transferring the related investment.
Contractual maturity of financial assets and liabilities (audited)
At 31st December 2010
On
demand
£m
Not more
than three
months
£m
Over three
months but
not more
than six
months
£m
Over six
months but
not more
than one
year
£m
Over one
year
but not
more than
three years
£m
Over three
years but
not more
than five
years
£m
Over five
years but
not more
than ten
years
£m
Over ten
years
£m
Total
£m
Assets
Cash and balances at central
banks 96,842 788 – – – – – – 97,630
Items in the course of collection
from other banks 1,168 216 – – – – – – 1,384
Trading portfolio assets 168,867 – – – – – – – 168,867
Financial assets designated at
fair value 789 5,678 1,110 2,773 7,411 3,745 2,461 16,089 40,056
Derivative financial instruments 418,587 114 20 96 488 444 396 174 420,319
Loans and advances to banks 5,698 26,462 1,858 946 2,260 5 111 459 37,799
Loans and advances to customers 48,222 60,908 9,553 16,079 53,374 44,324 65,809 129,673 427,942
Reverse repurchase agreements
and other similar secured lending 114 192,423 7,366 5,089 390 124 238 28 205,772
Available for sale financial
investments 297 7,589 2,979 5,851 15,053 9,677 12,127 11,537 65,110
Other financial assets – 2,040 – – 784 – – – 2,824
Total financial assets 740,584 296,218 22,886 30,834 79,760 58,319 81,142 157,960 1,467,703
Other assets 21,942
Total assets 1,489,645
Liabilities
Deposits from banks 5,754 65,755 2,161 2,247 739 790 249 280 77,975
Items in the course of collection
due to other banks 1,312 9 – – – – – – 1,321
Customer accounts 230,880 77,607 13,959 11,423 5,211 3,539 2,263 906 345,788
Repurchase agreements and
other similar secured borrowing 907 216,454 4,358 2,755 739 256 59 6 225,534
Trading portfolio liabilities 72,693 – – – – – – – 72,693
Financial liabilities designated at
fair value 1,237 17,866 6,191 6,963 21,453 18,446 13,553 10,073 95,782
Derivative financial instruments 403,163 303 72 101 390 927 286 274 405,516
Debt securities in issue 17 50,735 17,982 33,172 23,130 13,032 12,028 6,527 156,623
Subordinated liabilities – 835 – 218 2,094 475 9,499 15,378 28,499
Other financial liabilities – 4,295 – – 990 – – – 5,285
Total financial liabilities 715,963 433,859 44,723 56,879 54,746 37,465 37,937 33,444 1,415,016
Other liabilities 12,367
Total liabilities 1,427,383
Cumulative liquidity gap 24,621 (113,020) (134,857) (160,902) (135,888) (115,034) (71,829) 52,687 62,262
134 Barclays PLC Annual Report 2010 www.barclays.com/annualreport10