Barclays 2004 Annual Report Download - page 119
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Barclays PLC Annual Report 2004
117
Securities
The following table analyses the book value and valuation of securities.
2004 2003 2002
Book value Valuation Book value Valuation Book value Valuation
£m £m £m £m £m £m
Investment securities
Debt securities:
United Kingdom government 19 19 565 621 1,465 1,496
Other government 11,858 12,051 16,347 16,772 18,963 19,564
Other public bodies 21 21 78 79 17 17
Mortgage-backed securities 6,563 6,537 3,074 3,077 4,693 4,704
Corporate issuers 15,765 15,796 13,826 13,966 12,601 12,666
Other issuers 5,531 5,547 3,691 3,695 2,529 2,530
Equity shares 1,293 1,513 954 1,134 505 509
41,050 41,484 38,535 39,344 40,773 41,486
Other securities
Debt securities:
United Kingdom government 2,567 2,567 2,084 2,084 1,025 1,025
Other government 37,438 37,438 28,011 28,011 25,385 25,385
Other public bodies 8,177 8,177 4,513 4,513 2,438 2,438
Bank and building society certificates of deposit 7,063 7,063 5,796 5,796 12,027 12,027
Other issuers 32,426 32,426 19,408 19,408 13,086 13,086
Equity shares 10,873 10,873 6,905 6,905 2,624 2,624
139,594 140,028 105,252 106,061 97,358 98,071
Investment debt securities include government securities held as part of the Group’s treasury management portfolio for asset and liability,
liquidity and regulatory purposes and are for use on a continuing basis in the activities of the Group. In addition, the Group holds as investments
listed and unlisted corporate securities. Investment securities are valued at cost, adjusted for the amortisation of premiums or discounts to
redemption, less any provision for diminution in value.
Other securities comprise dealing securities which are valued at market value.
Bank and building society certificates of deposit are freely negotiable and have original maturities of up to five years, but are typically held for
shorter periods.
A further analysis of the book value and valuation of securities is given in Notes 16 and 17 to the accounts on pages 151 and 152.
Financial review
Securities