Barclays 2014 Annual Report Download - page 167

barclays.com/annualreport Barclays PLC Annual Report 2014 I 165
Watch list rating of wholesale balancesa
Watch list 1 Watch list 2 Watch list 3 Total
As at 31 December 2014
£m
2013
£m
2014
£m
2013
£m
2014
£m
2013
£m
2014
£m
2013
£m
Property 345 691 576 849 2,333 3,271 3,254 4,811
Wholesale and retail, distribution and leisure 248 722 936 1,014 868 972 2,052 2,708
Energy and water 78 100 1,010 255 392 435 1,480 790
Agriculture, forestry, fishing & miscellaneous
activities 280 252 517 695 637 637 1,434 1,584
Manufacturing 406 348 302 683 570 771 1,278 1,802
Business and other services 269 141 617 935 356 344 1,242 1,420
Financial institutions/services 21 294 314 59 617 813 952 1,166
Transport 98 193 127 342 462 244 687 779
Construction 65 137 144 120 259 526 468 783
Other 4 155 51 65 100 154 155 374
Total 1,814 3,033 4,594 5,017 6,594 8,167 13,002 16,217
As a percentage of total balances 14% 19% 35% 31% 51% 50% 100% 100%
Total watch list balances fell by 20% to £13.0bn principally reflecting lower balances in Spain as a result of write-offs and the transfer of balances
to held for sale, as well as lower balances in the property sector in other regions, particularly the UK.
Total watch list balances in the energy and water industry sector increased by 87% to £1,480m largely as a result of the inclusion of one large
single name counterparty in category 2.
Balances across all the other industry sectors reduced year on year. Despite a 32% reduction to £3.3bn property remained the largest industry
sector with a majority of the reduction arising in watch list 3 cases.
Analysis of debt securities
Debt securities include government securities held as part of the Group’s treasury management portfolio for liquidity and regulatory purposes, and
are for use on a continuing basis in the activities of the Group.
The following tables provide an analysis of debt securities held by the Group for trading and investment purposes by issuer type, and where the
Group held government securities exceeding 10% of shareholders’ equity.
Further information on the credit quality of debt securities is presented on pages 146 and 147. Further disclosure on sovereign exposures in the
Eurozone is presented on pages 150 to 154.
Debt securities
2014 2013
As at 31 December £m % £m %
Of which issued by:
Governments and other public bodies 106,292 68.1 112,613 63.7
Corporate and other issuers 29,557 19.0 39,679 22.5
US agency 11,460 7.3 11,145 6.3
Mortgage and asset backed securities 8,396 5.4 12,880 7.3
Bank and building society certificates of deposit 279 0.2 383 0.2
Total 155,984 100.0 176,700 100.0
Government securities
As at 31 December
2014
Fair value
£m
2013
Fair value
£m
United States 32,096 28,979
United Kingdom 28,938 30,951
Germany 7,801 4,856
France 6,259 9,868
South Africa 5,724 5,136
Note
a Balances comprise PCB, Investment Bank and BNC.
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