Barclays 2007 Annual Report Download - page 193

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Financial statements
Barclays PLC Annual Report 2007 191
16 Available for sale financial investments
2007 2006
£m £m
Debt securities 38,673 47,912
Treasury bills and other eligible bills 2,723 2,420
Equity securities 1,676 1,371
Available for sale financial investments 43,072 51,703
2007 2006
Movement in available for sale financial investments £m £m
At beginning of year 51,703 53,497
Exchange and other adjustments 1,499 (3,999)
Acquisitions and transfers 26,920 47,086
Disposals (through sale and redemption) (37,498) (44,959)
Gains from changes in fair value recognised in equity 486 162
Impairment (13) (86)
Amortisation of discounts/premium (25) 2
At end of year 43,072 51,703
17 Securities borrowing, securities lending, repurchase and reverse repurchase agreements
Amounts included in the balance sheet and reported on a net basis where the Group has the intention and the legal ability to settle net or realise
simultaneously were as follows:
Amounts advanced to counterparties under reverse repurchase agreements and cash collateral provided under stock borrowing agreements are treated
as collateralised loans receivable. The related securities purchased or borrowed subject to an agreement with the counterparty to repurchase them are
not recognised on balance sheet where the risks and rewards of ownership remain with the counterparty.
(a) Reverse repurchase agreements and cash collateral on securities borrowed
2007 2006
£m £m
Banks 86,710 85,336
Customers 96,365 88,754
Reverse repurchase agreements and cash collateral held on securities borrowed 183,075 174,090
(b) Repurchase agreements and cash collateral on securities lent
Securities that are not recorded on the balance sheet (for example, securities that have been obtained as a result of reverse repurchase and stock borrow
transactions) may also be lent or sold subject to a commitment to repurchase – such securities remain off balance sheet. In both instances, amounts
received from counterparty are treated as liabilities, which at 31st December were as follows:
2007 2006
£m £m
Banks 97,297 79,833
Customers 72,132 57,123
Repurchase agreements and cash collateral on securities lent 169,429 136,956
18 Other assets
2007 2006
£m £m
Sundry debtors 4,042 4,298
Prepayments 551 658
Accrued income 400 722
Reinsurance assets 157 172
Other assets 5,150 5,850
Included in the above are balances of £3,859m (2006: £5,065m) expected to be recovered within no more than 12 months after the balance sheet date;
and balances of £1,291m (2006: £785m) expected to be recovered more than 12 months after the balance sheet date.
Other assets comprise £3,966m (2006: £4,097m) of receivables which meet the definition of financial assets.