Barclays 2006 Annual Report Download - page 65

Barclays PLC
Annual Report 2006 61
Operating review
1
Deposits
Deposits include deposits from banks and customers accounts.
Average: year ended 31st December
2006 2005 2004(a)
£m £m £m
Deposits from banks
Customers in the United Kingdom 12,832 9,703 14,216
Customers outside the
United Kingdom:
Other European Union 30,116 29,092 51,656
United States 7,352 8,670 27,623
Africa 4,140 3,236 1,168
Rest of the World 35,013 39,060 38,969
Total deposits from banks 89,453 89,761 133,632
Customer accounts
Customers in the United Kingdom 173,767 155,252 140,486
Customers outside the
United Kingdom:
Other European Union 22,448 20,773 22,175
United States 17,661 15,167 38,818
Africa 23,560 17,169 5,068
Rest of the World 19,992 16,911 14,761
Customer accounts 257,428 225,272 221,308
A further analysis of deposits from banks and customer accounts at
2006 is given in Note 26 and Note 27 to the accounts.
Short-term borrowings
Short-term borrowings include deposits by banks as reported in
‘Deposits’, Commercial paper and negotiable certificates of deposit.
Deposits from Banks
Deposits from banks are taken from a wide range of counterparties
and generally have maturities of less than one year.
2006 2005 2004(a)
£m £m £m
Year-end balance 79,562 75,127 111,024
Average balance 89,453 89,761 133,632
Maximum balance 97,165 103,397 155,971
Average interest rate
during year 4.2% 2.6% 2.4%
Year-end interest rate 4.3% 3.6% 2.9%
Commercial paper
Commercial paper is issued by the Group, mainly in the United States,
generally in denominations of not less than US$100,000, with
maturities of up to 270 days.
2006 2005 2004(a)
£m £m £m
Year-end balance 26,546 28,275 20,948
Average balance 29,740 22,309 16,680
Maximum balance 31,859 28,598 20,948
Average interest rate
during year 4.9% 3.4% 1.8%
Year-end interest rate 5.0% 4.5% 2.2%
Negotiable certificates of deposit
Negotiable certificates of deposits are issued mainly in the UK and US,
generally in denominations of not less than US$100,000.
2006 2005 2004(a)
£m £m £m
Year-end balance 52,800 43,109 37,213
Average balance 49,327 45,533 35,409
Maximum balance 60,914 53,456 44,934
Average interest rate
during year 5.1% 3.5% 2.2%
Year-end interest rate 5.1% 4.5% 2.8%
Financial review
Deposits and short-term borrowings
Note
(a) Does not reflect the application of IAS 32, IAS 39 and IFRS 4 which became effective from 1st January 2005.