Barclays 2010 Annual Report Download - page 219

17 Securities borrowing, securities lending, repurchase and reverse repurchase agreements
Amounts included in the balance sheet and reported on a net basis where the Group has the intention and the legal ability to settle net or realise
simultaneously were as follows:
a) Reverse repurchase agreements and other similar secured lending
Amounts advanced to counterparties under reverse repurchase agreements and cash collateral provided under stock borrowing agreements are treated
as collateralised loans receivable. The related securities purchased or borrowed subject to an agreement with the counterparty to repurchase them are
not recognised on-balance sheet where the risks and rewards of ownership remain with the counterparty.
2010
£m
2009
£m
Banks 104,233 67,872
Customers 101,539 75,559
Reverse repurchase agreements and cash collateral held on securities borrowed 205,772 143,431
b) Repurchase agreements and other similar secured borrowing
Securities that are not recorded on the balance sheet (for example, securities that have been obtained as a result of reverse repurchase and stock
borrowing transactions) may also be lent or sold subject to a commitment to repurchase – such securities remain off-balance sheet. In both instances,
amounts received from counterparty are treated as liabilities, which at 31st December were as follows:
2010
£m
2009
£m
Banks 99,997 93,692
Customers 125,537 105,089
Repurchase agreements and cash collateral on securities lent 225,534 198,781
18 Investments in associates and joint ventures
2010
£m
2009
£m
Investment in associates 261 250
Investment in joint ventures 257 172
Total 518 422
Summarised financial information for the Group’s associates and joint ventures is set out below. The amounts shown are assets, liabilities and net
income of the investees, not just the Group’s share, as at and for the year ended 31st December 2010 with the exception of certain undertakings for
which the amounts are based on accounts made up to dates not earlier than three months before the balance sheet date.
2010 2009
Associates
£m
Joint
Ventures
£m
Associates
£m
Joint
Ventures
£m
Total assets 4,819 3,452 4,939 3,521
Total liabilities 4,089 3,024 4,236 3,238
(Loss)/Profit after tax (167) 93 (96) 30
The Group’s share of commitments and contingencies of its associates and joint ventures is comprised of insurance guarantees of £nil (2009: £5m)
and unutilised credit facilities provided to customers of £1,237m (2009: £1,126m).
Barclays PLC Annual Report 2010 www.barclays.com/annualreport10 217
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