Barclays 2008 Annual Report Download - page 36

34 Barclays PLC Annual Report 2008 |Find out more at www.barclays.com/annualreport08
Financial review
Additional financial disclosure
Securities
The following table analyses the book value of securities which are carried at fair value.
2008 2007 2006
Amortised Amortised Amortised
Book value cost Book value cost Book value cost
£m £m £m £m £m £m
Investment securities – available for sale
Debt securities:
United Kingdom government 1,238 1,240 78 81 758 761
Other government 11,456 11,338 7,383 7,434 12,587 12,735
Other public bodies 2,373 2,379 634 632 280 277
Mortgage and asset backed securities 3,510 4,126 1,367 1,429 1,706 1,706
Bank and building society certificates of deposit 10,478 10,535 3,028 3,029 6,686 6,693
Corporate and other issuers 29,776 30,363 26,183 26,219 25,895 25,857
Equity securities 2,142 1,814 1,676 1,418 1,371 1,047
Investment securities – available for sale 60,973 61,795 40,349 40,242 49,283 49,076
Other securities – held for trading
Debt securities:
United Kingdom government 6,955 n/a 3,832 n/a 4,986 n/a
Other government 50,727 n/a 51,104 n/a 46,845 n/a
Mortgage and asset backed securities 30,748 n/a 37,038 n/a 29,606 n/a
Bank and building society certificates of deposit 7,518 n/a 17,751 n/a 14,159 n/a
Corporate and other issuers 52,738 n/a 43,053 n/a 44,980 n/a
Equity securities 30,535 n/a 36,307 n/a 31,548 n/a
Other securities – held for trading 179,221 n/a 189,085 n/a 172,124 n/a
Investment debt securities include government securities held as part of the Group’s treasury management portfolio for asset and liability, liquidity and
regulatory purposes and are for use on a continuing basis in the activities of the Group. In addition, the Group holds as investments listed and unlisted
corporate securities.
Bank and building society certificates of deposit are freely negotiableand have original maturities of up to five years, but are typically held for shorter periods.
In addition to UK government securities shown above, at 31st December 2008, 2007 and 2006, the Group held the following government securities
which exceeded 10% of shareholders’ equity.
Government securities
2008 2007 2006
Book value Book value Book value
£m £m £m
United States 17,165 15,156 18,343
Japan 9,092 9,124 15,505
Germany 5,832 5,136 4,741
France 4,091 3,538 4,336
Italy 6,091 5,090 3,419
Spain 3,647 3,674 2,859
Maturities and yield of available for sale debt securities
Maturing within Maturing after one but Maturing after five but Maturing after
one year within five years within ten years ten years Total
Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield
£m % £m % £m % £m % £m %
Government 3,096 6.0 5,410 5.1 1,694 1.1 2,493 0.9 12,693 4.0
Other public bodies 832 1.9 1,526 0.9 1–14 4.7 2,373 1.3
Other issuers 21,749 4.3 9,692 3.8 7,702 4.4 4,622 5.7 43,765 4.3
Total book value 25,677 4.4 16,628 3.9 9,397 3.8 7,129 4.0 58,831 4.1
The yield for each range of maturities is calculated by dividing the annualised interest income prevailing at 31st December 2008 by the fair value of
securities held at that date.