Barclays 2004 Annual Report Download - page 153

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15 Provision balances for bad and doubtful debts (continued)
2004 2003
£m £m
Non-accrual loans 2,115 2,261
Accruing loans where interest is being suspended with or without provisions 492 629
Other accruing loans against which provisions have been made 842 821
Sub total 3,449 3,711
Accruing loans 90 days or more overdue, against which no provisions have been made 521 590
Reduced rate loans 15 4
Total non-performing loans 3,985 4,305
16 Debt securities
2004 2003
Gross Gross Gross Gross
Balance unrealised unrealised Balance unrealised unrealised
sheet gains losses Valuation sheet gains losses Valuation
Investment securities: £m £m £m £m £m £m £m £m
United Kingdom government 19––19565 63 (7) 621
other government 11,858 200 (7) 12,051 16,347 475 (50) 16,772
other public bodies 21––2178 1 – 79
mortgage-backed securities 6,563 3 (29) 6,537 3,074 7 (4) 3,077
corporate issuers 15,765 36 (5) 15,796 13,826 158 (18) 13,966
other issuers 5,531 20 (4) 5,547 3,691 6 (2) 3,695
39,757 259 (45) 39,971 37,581 710 (81) 38,210
Other debt securities:
United Kingdom government 2,567 – – 2,567 2,084 – – 2,084
other government 37,438 – – 37,438 28,011 – – 28,011
other public bodies 8,177 – – 8,177 4,513 – – 4,513
bank and building society
certificates of deposit 7,063 – – 7,063 5,796 – – 5,796
other issuers 32,426 – – 32,426 19,408 – – 19,408
127,428 259 (45) 127,642 97,393 710 (81) 98,022
2004
Balance
Cost Provisions sheet
Movements in investment securities £m £m £m
At beginning of year 37,646 (65) 37,581
Exchange and other adjustments (904) – (904)
Acquisitions and transfers 44,114 – 44,114
Redemption of investment securities (18,441) – (18,441)
Sale of investment securities (22,486) 18 (22,468)
Provisions raised – (12) (12)
Amortisation of discounts and premiums (113) – (113)
At end of year 39,816 (59) 39,757
In the above table the valuation of debt securities is based on market value.
The total value of debt securities at 31st December 2004 includes securities which are subject to sale and repurchase agreements of £58,557m
(2003: £42,592m) unamortised net premium on investment securities of £319m (2003: net premium £153m) and holdings by the Group of debt
securities of £nil (2003: £4m) issued by associated undertakings or joint ventures. The value of securities due within one year at 31st December
2004 was £12,818m (2003: £20,458m).
During 1999, the Group securitised a portfolio of investment debt securities. Linked presentation under FRS 5 is not available and therefore the
portfolio with a sterling equivalent book value of £68m at 31st December 2004 (2003: £192m) is included within the total above. The funding
from this transaction is reported in Other liabilities (Note 26 on page 159).
Barclays PLC Annual Report 2004
151