Barclays 2007 Annual Report Download - page 261

3
Financial statements
48 Liquidity risk (continued)
Contractual maturity of financial liabilities on an undiscounted basis
The table below presents the cash flows payable by the Group under financial liabilities by remaining contractual maturities at the balance sheet date.
The amounts disclosed in the table are the contractual undiscounted cash flows of all financial liabilities (i.e nominal values), whereas the Group manages
the inherent liquidity risk based on discounted expected cash inflows. Derivative financial instruments held for trading and trading portfolio liabilities are
included in the on demand column at their fair value.
Over
one year
but
On Within less than Over
demand one year five years five years Total
At 31st December 2007 £m £m £m £m £m
Deposits from other banks 16,288 72,533 2,099 275 91,195
Items in the course of collection due to other banks 1,781 11 – – 1,792
Customer accounts 174,269 112,875 3,739 10,280 301,163
Trading portfolio liabilities 65,402 – – – 65,402
Financial liabilities designated at fair value:
– held on own account 655 34,008 25,870 31,868 92,401
Derivative financial instruments:
– held for trading 247,378 – – – 247,378
– designated for risk management – 226 479 186 891
Debt securities in issue 698 91,201 22,926 15,020 129,845
Repurchase agreements and cash collateral on securities lent – 169,725 146 23 169,894
Subordinated liabilities – 463 4,964 17,875 23,302
Other financial liabilities – 2,968 1,456 – 4,424
Total financial liabilities 506,471 484,010 61,679 75,527 1,127,687
Off balance sheet items
Loan commitments 183,784 3,111 4,513 963 192,371
Other commitments 453 200 145 12 810
Total off balance sheet items 184,237 3,311 4,658 975 193,181
Total financial liabilities and off balance sheet items 690,708 487,321 66,337 76,502 1,320,868
Over
one year
but not
On Within more than Over
demand one year five years five years Total
At 31st December 2006 £m £m £m £m £m
Deposits from other banks 19,163 58,101 2,317 590 80,171
Items in the course of collection due to other banks 2,154 68 – – 2,222
Customer accounts 153,642 99,165 3,593 2,836 259,236
Trading portfolio liabilities 71,874 – – – 71,874
Financial liabilities designated at fair value:
– held on own account 6 27,539 13,861 19,827 61,233
Derivative financial instruments:
– held for trading 139,746 – – – 139,746
– designated for risk management – 378 584 199 1,161
Debt securities in issue 17 89,222 13,932 15,668 118,839
Repurchase agreements and cash collateral on securities lent – 137,040 366 – 137,406
Subordinated liabilities – 837 7,487 9,411 17,735
Other financial liabilities – 3,138 1,072 – 4,210
Total financial liabilities 386,602 415,488 43,212 48,531 893,833
Off balance sheet items
Loan commitments 192,293 10,939 1,255 624 205,111
Other commitments 313 370 38 56 777
Total off balance sheet items 192,606 11,309 1,293 680 205,888
Total financial liabilities and off balance sheet items 579,208 426,797 44,505 49,211 1,099,721
Financial liabilities designated at fair value in respect of linked liabilities under investment contracts have been excluded from this analysis as the Group is
not exposed to liquidity risk arising from them. Any request for funds from investors would be met simultaneously from the linked assets.
The balances in the above table will not agree directly to the balances in the consolidated balance sheet as the table incorporates all cash flows, on an
undiscounted basis, related to both principal as well as those associated with all future coupon payments.
The principal due under perpetual subordinated liability instruments has been included in the over five years category. Further interest payments have not
been included on this amount, which according to their strict contractual terms, could carry on indefinitely.
Barclays PLC Annual Report 2007 259