Barclays 2005 Annual Report Download - page 187

Barclays PLC
Annual Report 2005 185
3.5
33 Debt securities in issue
2005 2004
£m £m
Bonds and medium-term notes repayable:
within one year 6,255 4,888
over one year but not more than two years 2,297 4,797
over two years but not more than five years 5,054 3,723
over five years 7,555 2,309
Other debt securities in issue repayable:
not more than three months 54,950 48,145
over three months but not more than one year 16,563 7,525
over one year but not more than two years 2,988 2,692
over two years but not more than five years 1,332 7,086
over five years 6,334 2,677
Debt securities in issue 103,328 83,842
Debt securities in issue at 31st December 2005 included certificates of deposit of £43,109m (2004: £37,213m) and commercial paper of £28,275m
(2004: £20,948m).
Debt securities in issue at 31st December 2005 included £6,798m (2004: £2,863m) raised from the securitisation of credit and charge card receivables,
£6,862m (2004: £996m) raised from the securitisation of mortgages, and £4,760m (2004: £nil) raised from the securitisation of commercial loans.
The average interest rate during 2005 for commercial paper was 3.4% (2004: 1.8%) and for negotiable certificates of deposits was 3.5%
(2004: 2.2%).
34 Other liabilities
2005 2004
£m £m
Obligation under finance leases payable:
not more than one year 99 117
over one year but not more than two years 71 100
over two years but not more than five years 109 159
more than five years 97 30
Less: Future finance charges (87) (53)
Net obligation under finance leases payable: 289 353
Balances arising from off-balance sheet financial instruments n/a 18,009
Sundry creditors 6,131 3,851
Accruals and deferred income 4,711 6,820
Short positions in securities n/a 53,903
Other liabilities 11,131 82,936
Short positions in securities comprise:
Treasury bills and other eligible bills n/a 1,782
Debt securities – government n/a 38,547
Debt securities – other public sector n/a 3,186
Debt securities – other n/a 5,392
Equity shares n/a 4,996
Short positions in securities n/a 53,903
Included in the above are balances of £8,998m (2004: £23,301m) expected to be settled within no more than 12 months after the balance sheet
date; and balances of £2,133m (2004: £59,635m) expected to be settled more than 12 months after the balance sheet date.
Other accruals and deferred income included £113m (2004: n/a) in relation to deferred income from investment contracts and £nil (2004: n/a) in
relation to deferred income from insurance contracts.
Sundry creditors in 2005 includes an amount of £903m in relation to the Absa business.