Barclays 2005 Annual Report Download - page 244

Barclays PLC
Annual Report 2005
242
Notes to the accounts
For the year ended 31st December 2005
62 First-time adoption of International Financial Reporting Standards (IFRS) (continued)
Balance sheet – assets reconciliation as at periods from 1st January 2004 – 1st January 2005
1st January 2005
IFRS (except
IAS 32/39
& IFRS 4) Reclassify Remeasure IFRS
Assets £m £m £m £m
Cash and balances at central banks 1,753 – 1,485 3,238
Items in the course of collection from other banks 1,772 – – 1,772
Treasury bills and other eligible bills 6,658 (6,658) – –
Trading portfolio assets – 112,356 (2,323) 110,033
Non-trading financial instruments fair valued through profit and loss:
– held on own account – – 9,799 9,799
– held in respect of linked liabilities to customers under investment contracts – – 63,124 63,124
Derivative financial instruments – 17,958 76,253 94,211
Loans and advances to banks 80,632 (60,804) 5,900 25,728
Loans and advances to customers 262,409 (64,408) 9,258 207,259
Debt securities 130,311 (130,311) – –
Equity shares 11,399 (11,399) – –
Available for sale financial investments – 46,523 1,574 48,097
Reverse repurchase agreements and cash collateral on securities borrowed – 119,399 20,175 139,574
Other assets 25,915 (21,812) (456) 3,647
Insurance assets, including unit-linked assets 8,576 (844) (7,623) 109
Investments in associates and joint ventures 429––429
Goodwill 4,518 – – 4,518
Intangible assets 139––139
Property, plant and equipment 2,282 – – 2,282
Prepayments and accrued income ––––
Deferred tax assets 1,388 – 253 1,641
Retail life-fund assets attributable to policyholders ––––
Total assets 538,181 – 177,419 715,600
Balance sheet – liabilities reconciliation as at periods from 1st January 2004 – 1st January 2005
1st January 2005
IFRS (except
IAS 32/39
& IFRS 4) Reclassify Remeasure IFRS
Liabilities £m £m £m £m
Deposits from banks 111,024 (42,390) 6,101 74,735
Items in the course of collection due to other banks 1,205 – – 1,205
Customer accounts 217,492 (34,078) 11,064 194,478
Trading portfolio liabilities – 53,903 5,211 59,114
Non-trading financial instruments fair valued through profit and loss:
– held on own account – – 5,320 5,320
Liabilities to customers under investment contracts – – 64,609 64,609
Derivative financial instruments – 18,289 76,140 94,429
Debt securities in issue 83,842 273 (7,961) 76,154
Repurchase agreements and cash collateral on securities lent – 78,351 20,231 98,582
Other liabilities 82,936 (74,567) 1,500 9,869
Accruals and deferred income ––––
Current tax liabilities 621––621
Insurance contract liabilities including unit-linked liabilities 8,377 – (4,781) 3,596
Subordinated liabilities:
– undated loan capital – non-convertible 6,149 98 (2,039) 4,208
– dated loan capital – convertible to preference shares 15––15
– dated loan capital – non-convertible 6,113 121 149 6,383
Deferred tax liabilities 1,362 – 35 1,397
Other provisions for liabilities 416 – (13) 403
Dividend ––––
Retirement benefit liabilities 1,865 – – 1,865
Retail life-fund liabilities to policyholders ––––
Total liabilities 521,417 – 175,566 696,983