Barclays 2005 Annual Report Download - page 132

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 19 and 20 to the accounts.
In addition to UK government securities shown above, at 31st December 2005 and 2004 the Group held the following government securities
which exceeded 10% of shareholders’ equity.
2005 2004
Book value(a) Book value Valuation
£m £m £m
United States government securities 16,093 14,334 14,349
Japanese government securities 14,560 8,494 8,512
German government securities 6,376 6,215 6,229
French government securities 4,822 3,035 3,035
Italian government securities 4,300 6,900 6,930
Netherlands government securities 2,791 484 484
Spanish government securities 2,456 2,597 2,631
Maturities and yield of available for sale debt securities
Maturing within Maturing after one but Maturing after five but Maturing after
one year: within five years: within ten years: ten years: Total
Amount Yield Amount Yield Amount Yield Amount Yield Amount yield
£m % £m % £m % £m % £m %
Government 6,501 4.0 5,342 4.2 2,216 4.5 832 1.0 14,891 4.0
Other public bodies 59 6.3 152 11.2 1 6.4 4 5.7 216 9.7
Other issuers 6,950 4.2 21,635 4.0 2,281 4.9 4,051 3.1 34,917 4.0
Total book value(b) 13,510 4.1 27,129 4.0 4,498 4.7 4,887 2.7 50,024 4.0
The yield for each range of maturities is calculated by dividing the annualised interest income prevailing at 31st December 2005 by the amortised
cost of securities held at that date.
Notes
(a) The book value represents the fair value.
(b) Yields are determined using the carrying value excluding the fair value uplift.
Barclays PLC
Annual Report 2005
130
Financial review
Securities