Barclays 2008 Annual Report Download - page 227

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3
Financial statements
Barclays PLC Annual Report 2008 225
24 Financial liabilities designated at fair value
2008 2007
Contractual Contractual
amount amount
due on due on
Fair value maturity Fair value maturity
£m £m £m £m
Debt securities 61,297 69,197 52,320 62,167
Deposits 10,518 10,109 17,319 18,140
Other 5,077 6,761 4,850 6,239
Financial liabilities designated at fair value 76,892 86,067 74,489 86,546
At 31st December 2008, the own credit adjustment arose from the fair valuation of £54.5bn of Barclays Capital structured notes (2007: £40.7bn).
The widening of Barclays credit spreads in the year affected the fair value of these notes and as a result revaluation gains of £1,663m were recognised
in trading income (2007: £658m).
25 Other liabilities
2008 2007
£m £m
Accruals and deferred income 6,495 6,075
Sundry creditors 6,049 4,341
Obligations under finance leases (Note 37) 96 83
Other liabilities 12,640 10,499
Included in the above are balances of £11,068m (2007: £9,043m) expected to be settled within no more than 12 months after the balance sheet date;
and balances of £1,572m (2007: £1,456m) expected to be settled more than 12 months after the balance sheet date.
Accruals and deferred income included £nil (2007: £102m) in relation to deferred income from investment contracts and £nil (2007: £677m)
in relation to deferred income from insurance contracts.