Barclays 2008 Annual Report Download - page 35

1
Business review
Barclays PLC Annual Report 2008 33
Financial review
Additional financial disclosure
Commitments and contractual obligations
Commercial commitments include guarantees, contingent liabilities and standby facilities.
Commercial commitments
2008
Amount of commitment expiration per period
Between Between Total
Less than one to three to After amounts
one year three years five years five years committed
£m £m £m £m £m
Acceptances and endorsements 576 63–585
Guarantees and letters of credit pledged as collateral security 7,272 2,529 1,781 4,070 15,652
Securities lending arrangements 38,290 –––38,290
Other contingent liabilities 7,989 1,604 372 1,818 11,783
Documentary credits and other short-term trade related transactions 770 88 1–859
Forward asset purchases and forward deposits placed 50 241––291
Standby facilities, credit lines and other 195,035 29,666 26,150 8,815 259,666
2007
Amount of commitment expiration per period
Between Between Total
Less than one to three to After amounts
one year three years five years five years committed
£m £m £m £m £m
Acceptances and endorsements 365 –––365
Guarantees and letters of credit pledged as collateral security 6,417 2,711 1,971 1,874 12,973
Securities lending arrangements 22,719 –––22,719
Other contingent liabilities 6,594 1,556 416 1,151 9,717
Documentary credits and other short-term trade related transactions 401 121 ––522
Forward asset purchases and forward deposits placed 283 –––283
Standby facilities, credit lines and other 136,457 17,039 28,127 10,211 191,834
Contractual obligations include debt securities, operating lease and purchase obligations.
Contractual obligations
2008
Payments due by period
Between Between
Less than one to three to After
one year three years five years five years Total
£m £m £m £m £m
Long-term debt 108,172 24,701 10,855 22,008 165,736
Operating lease obligations 280 690 785 2,745 4,500
Purchase obligations 214 225 61 20 520
Total 108,666 25,616 11,701 24,773 170,756
2007
Payments due by period
Between Between
Less than one to three to After
one year three years five years five years Total
£m £m £m £m £m
Long-term debt 90,201 13,558 8,630 19,358 131,747
Operating lease obligations 197 755 610 2,225 3,787
Purchase obligations 141 186 27 6 360
Total 90,539 14,499 9,267 21,589 135,894
The long-term debt does not include undated loan capital of £13,673m (2007: £6,631m).
Further information on the contractual maturity of the Group’s assets and liabilities is given in Note 49.