Barclays 2008 Annual Report Download - page 289

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Financial statements
Barclays PLC Annual Report 2008 287
50 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 arm’s length transaction between
knowledgeable willing parties.
Comparison of carrying amounts and fair values
The following table summarises the carrying amounts of financial assets and liabilities presented on the Group’s balance sheet, and their fair values
differentiating between financial assets and liabilities subsequently measured at fair value and those subsequently measured at amortised cost:
2008 2007
Carrying Fair Carrying Fair
amount value amount value
Notes £m £m £m £m
Financial assets:
Cash and balances at central banks a 30,019 30,019 5,801 5,801
Items in the course of collection from other banks a 1,695 1,695 1,836 1,836
Trading portfolio assets
– Treasury and other eligible bills b 4,544 4,544 2,094 2,094
– Debt securities b 148,686 148,686 152,778 152,778
– Equity securities b 30,535 30,535 36,307 36,307
– Traded Loans b 1,070 1,070 1,780 1,780
– Commodities b 802 802 732 732
Financial assets designated at fair value:
held in respect of linked liabilities under investment contracts b 66,657 66,657 90,851 90,851
held under own account:
– Equity securities b 6,496 6,496 5,376 5,376
– Loans and advances b 30,187 30,187 23,491 23,491
– Debt securities b 8,628 8,628 24,217 24,217
– Other financial assets designated at fair value b 9,231 9,231 3,545 3,545
Derivative financial instruments b 984,802 984,802 248,088 248,088
Loans and advances to banks c 47,707 47,594 40,120 40,106
Loans and advances to customers
– Residential mortgage loans c 135,077 133,605 106,619 106,615
– Credit card receivables c 22,304 22,312 14,289 14,289
– Other personal lending c 32,038 31,264 29,857 29,857
– Wholesale and corporate loans and advances c 259,699 247,798 183,556 182,036
– Finance lease receivables c 12,697 12,697 11,077 11,066
Available for sale financial instruments
– Treasury and other eligible bills b 4,003 4,003 2,723 2,723
– Debt securities b 58,831 58,831 38,673 38,673
– Equity securities b 2,142 2,142 1,676 1,676
Reverse repurchase agreements and cash collateral on securities borrowed c 130,354 129,296 183,075 183,075
Financial liabilities:
Deposits from banks d 114,910 114,912 90,546 90,508
Items in the course of collection due to other banks a 1,635 1,635 1,792 1,792
Customer accounts:
– Current and demand accounts d 82,515 82,515 80,006 80,006
– Savings accounts d 76,008 76,008 74,599 74,599
– Other time deposits d 176,982 176,966 140,382 141,917
Trading portfolio liabilities:
– Treasury and other eligible bills b 79 79 486 486
– Debt securities b 44,309 44,309 50,506 50,506
– Equity securities b 14,919 14,919 13,702 13,702
– Commodities b 167 167 708 708
Financial liabilities designated at fair value:
– Held on own account b 76,892 76,892 74,489 74,489
– Liabilities to customers under investment contracts b 69,183 69,183 92,639 92,639
Derivative financial instruments b 968,072 968,072 248,288 248,288
Debt securities in issue d 149,567 148,736 120,228 120,176
Repurchase agreements and cash collateral on securities lent d 182,285 182,285 169,429 169,429
Subordinated liabilities d 29,842 22,944 18,150 17,410