Barclays 2014 Annual Report Download - page 296

294 I Barclays PLC Annual Report 2014 barclays.com/annualreport
Notes to the financial statements
Assets and liabilities held at fair value
18 Fair value of financial instruments continued
Comparison of carrying amounts and fair values for assets and liabilities not held at fair value
The following table summarises the fair value of financial assets and liabilities measured at amortised cost on the Group’s balance sheet:
As at 31 December 2014
Carrying
amount
£m
Fair
value
£m
Quoted
market
prices
(Level 1)
£m
Observable
inputs
(Level 2)
£m
Significant
unobservable
inputs
(Level 3)
£m
Financial assets
Loans and advances to banks 42,111 42,088 2,693 38,756 639
Loans and advances to customers:
– Home loans 166,974 159,602 – – 159,602
– Credit cards, unsecured and other retail lending 63,583 63,759 1,214 488 62,057
– Finance lease receivables 5,439 5,340 – – –
– Corporate loans 191,771 188,805 233 143,231 45,341
Reverse repurchase agreements and other similar secured lending 131,753 131,753 2 131,751 –
Financial liabilities
Deposits from banks (58,390) (58,388) (4,257) (54,117) (14)
Customer accounts:
– Current and demand accounts (143,057) (143,085) (126,732) (16,183) (170)
– Savings accounts (131,163) (131,287) (116,172) (15,086) (29)
– Other time deposits (153,484) (153,591) (43,654) (101,736) (8,201)
Debt securities in issue (86,099) (87,522) (188) (87,334) –
Repurchase agreements and other similar secured borrowing (124,479) (124,479) (423) (124,056) –
Subordinated liabilities (21,153) (22,718) – (22,701) (17)
As at 31 December 2013
Financial assets
Loans and advances to banks 39,422 39,408 3,849 31,572 3,987
Loans and advances to customers:
– Home loans 179,527 170,793 – – 170,793
– Credit cards, unsecured and other retail lending 64,551 63,944 2,790 1,659 59,495
– Finance lease receivables 5,827 5,759 – – –
– Corporate loans 184,332 180,499 635 119,749 60,115
Reverse repurchase agreements and other similar secured lending 186,779 186,756 – 186,756 –
Financial liabilities
Deposits from banks (55,615) (55,646) (4,886) (50,478) (282)
Customer accounts:
– Current and demand accounts (134,849) (134,849) (129,369) (3,254) (2,226)
– Savings accounts (123,824) (123,886) (106,964) (15,876) (1,046)
– Other time deposits (173,325) (173,056) (41,815) (120,073) (11,168)
Debt securities in issue (86,693) (87,022) (872) (85,471) (679)
Repurchase agreements and other similar secured borrowing (196,748) (196,748) – (196,748) –
Subordinated liabilities (21,695) (22,193) – (22,158) (35)
The fair value is an estimate of the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. As a wide range of valuation techniques are available, it may not be appropriate to directly compare
this fair value information to independent market sources or other financial institutions. Different valuation methodologies and assumptions can
have a significant impact on fair values which are based on unobservable inputs.