Barclays 2006 Annual Report Download - page 186

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Notes to the accounts
For the year ended 31st December 2006
Barclays PLC
Annual Report 2006
182
18 Available for sale financial investments
2006 2005
£m £m
Debt securities 47,912 50,024
Equity securities 1,371 1,250
Treasury bills and other eligible bills 2,420 2,223
Available for sale financial investments 51,703 53,497
2006 2005
Movement in available for sale financial investments £m £m
At beginning of year 53,497 48,097
Exchange and other adjustments (3,999) 1,791
Acquisitions and transfers 47,086 54,556
Disposals (sale and redemption) (44,959) (50,609)
Gains/(losses) from changes in fair value recognised in equity 162 (248)
Impairment (86) (4)
Amortisation of discounts/premium 2(86)
At end of year 51,703 53,497
The following table analyses the book value of securities under IFRS, which are carried at fair value.
2006 2005
Available for sale securities Available for sale securities
Gross Gross Gross Gross
Amortised unrealised unrealised Book Amortised unrealised unrealised Book
cost gains losses value cost gains losses value
£m £m £m £m £m £m £m £m
Debt securities
– United Kingdom government 761 – (3) 758 31 – – 31
– Other government 12,735 27 (175) 12,587 14,827 83 (50) 14,860
– Other public bodies 277 4 (1) 280 216 2 (2) 216
– Mortgage and asset backed securities 1,706 – – 1,706 3,062 – – 3,062
– Corporate issuers 27,100 22 (33) 27,089 25,597 101 (108) 25,590
– Other issuers 5,450 58 (16) 5,492 6,257 17 (9) 6,265
Total debt securities 48,029 111 (228) 47,912 49,990 203 (169) 50,024
Equity securities 1,047 353 (29) 1,371 1,007 247 (4) 1,250
Treasury bills and other eligible bills 2,420 – – 2,420 2,223 – – 2,223
Available for sale financial investments 51,496 464 (257) 51,703 53,220 450 (173) 53,497
Gross gains of £354m (2005: £318m) and gross losses of £47m (2005: £198m) have been realised on the sale of available for sale financial
investments.
A maturity analysis of available for sale financial investments is included in Note 56.
The basis of determining cost during the calculation of gains and losses on available for sale investments is on an instrument by instrument basis.