Barclays 2011 Annual Report Download - page 150

Risk management
Funding risk – Liquidity 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)
As at 31 December 2011
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 58,317 48,577 – – – – – – 106,894
Items in the course of collection
from other banks 1,188 624 – – – – – – 1,812
Trading portfolio assets 152,183 – – – – – – – 152,183
Financial assets designated at fair
value 802 4,257 1,046 1,725 4,252 1,915 2,532 19,118 35,647
Derivative financial instruments 535,306 122 109 188 417 1,036 904 882 538,964
Loans and advances to banks 6,133 35,730 2,047 827 1,586 378 326 419 47,446
Loans and advances to customers 37,747 79,949 8,107 16,561 52,827 52,414 61,754 122,575 431,934
Reverse repurchase agreements
and other similar secured lending 24 141,751 7,674 3,423 401 101 133 158 153,665
Available for sale financial
investments 360 10,423 4,798 4,047 14,404 10,133 12,392 11,934 68,491
Other financial assets – 1,978 – – 640 – – – 2,618
Total financial assets 792,060 323,411 23,781 26,771 74,527 65,977 78,041 155,086 1,539,654
Other assets 23,873
Total assets 1,563,527
Liabilities
Deposits from banks 7,866 79,507 880 896 416 1,218 333 – 91,116
Items in the course of collection
due to other banks 965 4 – – – – – – 969
Customer accounts 213,927 119,010 8,839 11,568 7,343 1,839 2,206 1,300 366,032
Repurchase agreements and other
similar secured borrowing 23 196,066 9,356 1,554 125 130 36 2 207,292
Trading portfolio liabilities 45,887 – – – – – – – 45,887
Financial liabilities designated at
fair value 1,525 11,743 4,033 11,077 19,826 16,283 11,511 10,318 86,316
Derivative financial instruments 524,551 345 146 44 577 564 592 1,091 527,910
Debt securities in issue 75 52,189 13,084 7,803 22,442 15,133 13,235 5,775 129,736
Subordinated liabilities – 78 – 115 1,231 365 13,403 9,678 24,870
Other financial liabilities – 3,629 – – 1,594 – – – 5,223
Total financial liabilities 794,819 462,571 36,338 33,057 53,554 35,532 41,316 28,164 1,485,351
Other liabilities 12,980
Total liabilities 1,498,331
Cumulative liquidity gap (2,759) (141,919) (154,476) (160,762) (139,789) (109,344) (72,619) 54,303 65,196
148 Barclays PLC Annual Report 2011 www.barclays.com/annualreport