Barclays 2006 Annual Report Download - page 248

Notes to the accounts
For the year ended 31st December 2006
Barclays PLC
Annual Report 2006
244
56 Liquidity risk (continued)
The following table provides detail on the contractual maturity of all financial instruments and other assets and liabilities:
Over
three Over Over Over Over
months six months one year three years five years
Not more but not but not but not but not but not
On than three more than more than more than more than more than Over
demand months six months one year three years five years ten years ten years Total
At 31st December 2005 £m £m £m £m £m £m £m £m £m
Assets
Cash and balances with central banks 3,793 113––––––3,906
Items in course of collection from
other banks 1,526 375––––––1,901
Trading portfolio assets 610 21,430 9,401 14,328 27,077 17,775 22,906 42,196 155,723
Financial assets designated
at fair value:
– held on own account 1,436 484 103 555 2,157 822 836 6,511 12,904
– held in respect of linked liabilities
to customers under investment
contracts 62,636 1,039 75 546 1,841 939 3,261 12,856 83,193
Derivative financial instruments 1,839 16,254 6,924 8,479 29,086 20,246 29,618 24,377 136,823
Loans and advances to banks 3,929 15,917 2,000 3,175 1,844 787 1,048 2,405 31,105
Loans and advances to customers 33,999 43,884 11,407 21,340 32,713 25,476 30,030 70,047 268,896
Available for sale financial
investments 476 3,775 2,765 7,744 19,449 9,488 4,798 5,002 53,497
Reverse repurchase agreements
and cash collateral on securities
borrowed 690 149,276 3,923 4,028 1,537 888 26 30 160,398
Total financial assets 110,934 252,547 36,598 60,195 115,704 76,421 92,523 163,424 908,346
Non-financial assets –––––––16,011 16,011
Total assets 110,934 252,547 36,598 60,195 115,704 76,421 92,523 179,435 924,357
Liabilities
Deposits from banks 13,924 54,620 2,488 1,168 442 725 1,288 472 75,127
Items in the course of collection due
to other banks 2,238 103––––––2,341
Customer accounts 144,015 72,590 9,282 2,606 2,981 1,594 2,223 3,393 238,684
Trading portfolio liabilities 6 1,580 1,448 4,047 18,424 10,172 17,293 18,594 71,564
Financial liabilities designated
at fair value:
– held on own account 6 6,692 3,186 7,293 3,582 3,718 5,882 3,026 33,385
Liabilities to customers under
investment contracts 79,985 – – 83 191 213 1,518 3,211 85,201
Derivative financial instruments 1,512 17,238 6,594 8,436 29,740 21,359 29,360 23,732 137,971
Debt securities in issue 894 54,112 13,985 8,777 8,795 2,876 307 13,582 103,328
Repurchase agreements and
cash collateral on securities lent 275 104,063 7,217 3,208 431 – – 5,984 121,178
Subordinated liabilities 2 185 2 74 28 721 4,672 6,779 12,463
Total financial liabilities 242,857 311,183 44,202 35,692 64,614 41,378 62,543 78,773 881,242
Non-financial liabilities –––––––18,685 18,685
Total liabilities 242,857 311,183 44,202 35,692 64,614 41,378 62,543 97,458 899,927
Cumulative liquidity gap (131,923) (190,559) (198,163) (173,660) (122,570) (87,527) (57,547) 27,104 24,430
Expected maturity dates do not differ significantly from the contract dates, except for:
•Trading Portfolio Assets and Liabilities and derivative financial instruments, which may not be held to maturity as part of the Group’s trading
strategies. For these instruments, which are mostly held by Barclays Capital, liquidity and repricing risk is managed through the Daily Value at Risk
(DVaR) methodology.
•Retail deposits which are repayable on demand or at short notice. These instruments form a stable base for the Group’s operations and liquidity
needs because of the broad base of customers – both numerically and by depositor type.
•Financial assets designated at fair value held in respect of linked liabilities, which are managed with the associated liabilities.