Barclays 2007 Annual Report Download - page 262

Notes to the accounts
For the year ended 31st December 2007
49 Fair value of financial instruments
The fair value of a financial instrument is the amount for which an asset could be exchanged, or a liability settled, in an arms-length transaction between
knowledgeable willing parties.
The following table summarises the carrying amounts of financial assets and financial liabilities presented on the Group’s balance sheet, and their fair values:
2007 2006
Carrying Fair Carrying Fair
amount value amount value
Notes £m £m £m £m
Financial assets:
Cash and balances at central banks a 5,801 5,801 7,345 7,345
Items in the course of collection from other banks a 1,836 1,836 2,408 2,408
Trading portfolio assets
– Treasury and other eligible bills b 2,094 2,094 2,960 2,960
– Debt securities b152,778 152,778 140,576 140,576
– Equity securities b36,307 36,307 31,548 31,548
– Traded Loans b1,780 1,780 1,843 1,843
– Commodities b732 732 940 940
Financial assets designated at fair value:
held in respect of linked liabilities under investment contracts b 90,851 90,851 82,798 82,798
held under own account:
– Equity securities b5,376 5,376 3,711 3,711
– Loans and advances b 23,491 23,491 13,196 13,196
– Debt securities b24,217 24,217 12,100 12,100
– Other financial assets designated at fair value b 3,545 3,545 2,793 2,793
Derivative financial instruments b 248,088 248,088 138,353 138,353
Loans and advances to banks c 40,120 40,106 30,926 30,895
Loans and advances to customers:
– Residential mortgage loans c 111,955 111,951 94,511 94,511
– Credit card receivables c 14,289 14,289 13,399 13,399
– Other personal lending c 24,968 24,968 20,511 20,488
– Wholesale and corporate loans and advances c 183,109 181,589 143,835 143,621
– Finance lease receivables c 11,077 11,066 10,044 10,042
Available for sale financial instruments
– Treasury and other eligible bills b 2,723 2,723 2,420 2,420
– Debt securities b38,673 38,673 47,912 47,912
– Equity securities b1,676 1,676 1,371 1,371
Reverse repurchase agreements and cash collateral on securities borrowed c 183,075 183,075 174,090 174,090
Financial liabilities:
Deposits from banks d90,546 90,508 79,562 79,436
Items in the course of collection due to other banks a 1,792 1,792 2,221 2,221
Customer accounts:
– Current and demand accounts d 80,006 80,006 77,216 77,216
– Savings accounts d74,599 74,599 65,784 65,792
– Other time deposits d 140,382 141,917 113,754 113,653
Trading portfolio liabilities:
– Treasury and other eligible bills b 486 486 608 608
– Debt securities b50,506 50,506 58,142 58,142
– Equity securities b13,702 13,702 12,697 12,697
– Commodities b708 708 427 427
Financial liabilities designated at fair value:
– Liabilities to customers under investment contracts b 92,639 92,639 84,637 84,637
– Held on own account b 74,489 74,489 53,987 53,987
Derivative financial instruments b 248,288 248,288 140,697 140,697
Debt securities in issue e 120,228 120,176 111,137 111,131
Repurchase agreements and cash collateral on securities lent d 169,429 169,429 136,956 136,956
Subordinated liabilities f 18,150 17,410 13,786 13,976
260 Barclays PLC Annual Report 2007