Barclays 2006 Annual Report Download - page 182

Notes to the accounts
For the year ended 31st December 2006
Barclays PLC
Annual Report 2006
178
14 Derivative financial instruments (continued)
2005
Between Between Between Between
Up to one to two to three to four to More than
Total one year two years three years four years five years five years
£m £m £m £m £m £m £m
Forecast receivable cash flows 3,230 779 768 704 458 265 256
Forecast payable cash flows 2,300 358 350 337 287 238 730
The maximum length of time over which the Group is hedging its exposure to the variability in future cash flows for forecasted transactions,
excluding those forecasted transactions related to the payment of variable interest on existing financial instruments, is eight years (2005: 29 years).
No gain or loss on forecast transactions accorded hedge accounting in 2006 that are no longer expected to occur remains in equity.
Net gains/(losses) arising on fair value hedges in net interest income during the year were:
2006 2005
£m £m
On hedging instruments (460) 204
On the hedged items attributable to the hedged risk 465 (164)
Ineffectiveness 540
Ineffectiveness recognised in relation to cash flow hedges in net interest income was a loss of £23m (2005: loss of £34m). Ineffectiveness recognised
in relation to hedge of net investment was a gain of £13m (2005: loss of £5m).
15 Loans and advances to banks
2006 2005
£m £m
Repayable:
on demand 2,887 3,929
not more than three months 18,809 15,921
over three months but not more than six months 800 2,006
over six months but not more than one year 3,064 3,169
over one year but not more than three years 1,595 1,852
over three years but not more than five years 1,130 779
over five years but not more than ten years 1,012 1,047
over ten years 1,633 2,406
Total 30,930 31,109
Less: Allowance for impairment (Note 17) (4) (4)
Loans and advances to banks 30,926 31,105
By geographical area
United Kingdom 6,229 4,624
Other European Union 8,513 5,423
United States 9,056 13,267
Africa 2,219 880
Rest of the World 4,913 6,915
Total 30,930 31,109
Less: Allowance for impairment (Note 17) (4) (4)
Loans and advances to banks 30,926 31,105
The Group is required to maintain balances with central banks and other regulatory authorities and these amounted to £1,262m at 31st December
2006 (2005: £1,218m).
Information relating to effective interest rates can be found in Note 53.
The geographical analysis is based on the location of the customer to which the lendings are made.