Barclays 2007 Annual Report Download - page 199

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Financial statements
23 Property, plant and equipment
2007 2006
Operating Operating
leased leased
Property Equipment assets Total Property Equipment assets Total
£m £m £m £m £m £m £m £m
Cost
At 1st January 2,154 2,429 365 4,948 2,450 2,541 365 5,356
Acquisitions and disposals 513 –18 ––––
Additions 506 638 105 1,249 180 475 – 655
Disposals (241) (112) (57) (410) (422) (382) – (804)
Fully depreciated assets written off (1) (8) – (9) (1) (89) – (90)
Exchange and other adjustments 28 35 – 63 (53) (116) – (169)
At 31st December 2,451 2,995 413 5,859 2,154 2,429 365 4,948
Accumulated depreciation and impairment
At 1st January (993) (1,454) (9) (2,456) (1,022) (1,575) (5) (2,602)
Acquisitions and disposals (1) (7) – (8) ––––
Depreciation charge (91) (370) (6) (467) (118) (335) (2) (455)
Impairment charge (2) – – (2) (14) – – (14)
Disposals 58 37 – 95 148 341 – 489
Fully depreciated assets written off 18–9189 –90
Exchange and other adjustments (16) (18) – (34) 12 26 (2) 36
At 31st December (1,044) (1,804) (15) (2,863) (993) (1,454) (9) (2,456)
Net book value 1,407 1,191 398 2,996 1,161 975 356 2,492
Operating leased assets represent assets such as plant and equipment leased to customers under operating leases.
Certain of the Group’s equipment is held on finance leases. See Note 37.
In 2007 the value of an existing office building in the UK property portfolio was impaired by £2m reflecting local market conditions that had prevented its
disposal in the year. In 2008 the freehold of the building will be disposed of by a short- or long-term leaseback. Consequently the value has been written
down to fair value, less cost of sale.
24 Financial liabilities designated at fair value
2007 2006
Contractual Contractual
amount amount
due on Fair due on
Fair value maturity value maturity
£m £m £m £m
Debt securities 52,320 62,167 32,261 37,393
Deposits 17,319 18,140 19,990 20,465
Other 4,850 6,239 1,736 2,913
Financial liabilities designated at fair value 74,489 86,546 53,987 60,771
The amount of change in the fair value of financial liabilities attributable to changes in own credit risk of these liabilities in 2007 is £658m.
There were no significant gains or losses attributable to changes in own credit risk for financial liabilities in 2006.
25 Other liabilities
2007 2006
£m £m
Accruals and deferred income 6,075 6,127
Sundry creditors 4,341 4,118
Obligations under finance leases (Note 37) 83 92
Other liabilities 10,499 10,337
Included in the above are balances of £9,043m (2006: £9,265m) expected to be settled within no more than 12 months after the balance sheet date;
and balances of £1,456m (2006: £1,072m) expected to be settled more than 12 months after the balance sheet date.
Accruals and deferred income included £102m (2006: £107m) in relation to deferred income from investment contracts and £677m (2006: £822m)
in relation to deferred income from insurance contracts.
Barclays PLC Annual Report 2007 197