Barclays 2009 Annual Report Download - page 223

www.barclays.com/annualreport09 Barclays PLC Annual Report 2009 221
14 Derivative financial instruments continued
The Group has hedged the following forecast cash flows, which primarily vary with interest rates. These cash flows are expected to impact the income
statement in the following periods, excluding any hedge adjustments that may be applied:
Between Between Between Between
Up to one to two to three to four to More than
Total one year two years three years four years five years five years
£m £m £m £m £m £m £m
2009
Forecast receivable cash flows 3,304 467 838 837 700 370 92
Forecast payable cash flows 558 51 96 122 145 116 28
2008
Forecast receivable cash flows 2,569 875 586 596 347 127 38
Forecast payable cash flows 974 275 166 175 145 123 90
The maximum length of time over which the Group hedges exposure to the variability in future cash flows for forecast transactions, excluding those
forecast transactions related to the payment of variable interest on existing financial instruments, is nine years (2008: seven years).
All gains or losses on hedging derivatives relating to forecast transactions, which are no longer expected to occur, have been recycled to the income
statement.
A loss of £1,478m on hedging instruments was recognised in relation to fair value hedges in net interest income (2008: £2,439m gain). A gain of £1,604m
on the hedged items was recognised in relation to fair value hedges in net interest income (2008: £2,423m loss).
Ineffectiveness recognised in relation to cash flow hedges in net interest income was a gain of £21m (2008: £14m gain). Ineffectiveness recognised in
relation to hedges of net investment was a loss of £5m (2008: £2m gain).
15 Loans and advances to banks and customers
2009 2008
£m £m
Gross loans and advances to banks 41,196 47,758
Less: Allowance for impairment (61) (51)
Loans and advances to banks 41,135 47,707
Gross loans and advances to customers 430,959 468,338
Less: Allowance for impairment (10,735) (6,523)
Loans and advances to customers 420,224 461,815