Barclays 2005 Annual Report Download - page 87

Notes
(a) Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005. Further explanation is provided on page 134.
(b) Includes credit derivatives held as economic hedges which are not designated as hedges for accounting purposes.
Table 15: Notional principal amounts of credit derivatives at 31st December
IFRS UK GAAP
2005 2004(a) 2003
£m £m £m
Credit derivatives held or issued for trading purposes(b) 609,381 186,275 43,256
Credit derivatives held for risk management purposes –5,133 4,194
Total 609,381 191,408 47,450
Table 16: Non-performing loans summary
IFRS UK GAAP
2005 2004(a) 2003 2002 2001
£m £m £m £m £m
Impaired loans 4,550 n/a n/a n/a n/a
Non-accruing loans n/a 2,115 2,261 2,542 1,923
Accruing loans where interest is being suspended with or without provisions n/a 492 629 611 561
Other accruing loans against which provisions have been made n/a 943 821 819 830
Subtotal 4,550 3,550 3,711 3,972 3,314
Accruing loans which are contractually overdue 90 days or more as to principal
or interest 609 550 590 690 648
Restructured loans 51 15465
Non-performing loans 5,210 4,115 4,305 4,668 3,967
The value of non-performing loans at 31st December 2004 was restated resulting in an increase of £130m of total non-performing loans at
31st December 2004. The restatement does not reflect changes in credit quality but arises from the application of a revised methodology to the
mortgage business. The restatement has not been applied to prior periods.
Barclays PLC
Annual Report 2005 85
2.8