Barclays 2006 Annual Report Download - page 214
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Notes to the accounts
For the year ended 31st December 2006
Barclays PLC
Annual Report 2006
210
37 Reserves
Other reserves – Barclays PLC Group
Capital Other Available Cash flow Currency
redemption capital for sale hedging translation
reserve reserve reserve reserve reserve Total
£m £m £m £m £m £m
At 1st January 2006 309 617 225 70 156 1,377
Net gains/(losses) from changes in fair value – – 71 (421) – (350)
Net gains transferred to net profit – – (308) (51) – (359)
Currency translation differences ––––(464) (464)
Losses transferred to net profit due to impairment – – 86 – – 86
Changes in insurance liabilities – – 23 – – 23
Net losses transferred to net profit due to fair value hedging – – 13 – – 13
Tax – – 22 172 (130) 64
At 31st December 2006 309 617 132 (230) (438) 390
Capital Other Available Cash flow Currency
redemption capital for sale hedging translation
reserve reserve reserve reserve reserve Total
£m £m £m £m £m £m
At 1st January 2005 309 617 314 302 (58) 1,484
Net losses from changes in fair value – – (250) (51) – (301)
Net gains transferred to net profit – – (120) (69) – (189)
Currency translation differences ––––214214
Changes in insurance liabilities – – (64) – – (64)
Net losses transferred to net profit due to fair value hedging – – 260 – – 260
Tax – – 85 (112) – (27)
At 31st December 2005 309 617 225 70 156 1,377
The capital redemption reserve and other capital reserve represent transfers from retained earnings in accordance with relevant legislation.
These reserves are not distributable.
The available for sale reserve represents the unrealised change in the fair value of available for sale investments.
The cash flow hedging reserve represents the net gains on effective cash flow hedging instruments that will be recycled to the income statement
when the hedged transaction affects profit or loss.
The currency translation reserve represents the cumulative gains and losses on the retranslation of the Group’s net investment in foreign operations,
net of the effects of instruments that have qualified as hedges.