Barclays 2009 Annual Report Download - page 224

222 Barclays PLC Annual Report 2009 www.barclays.com/annualreport09
Notes to the accounts
For the year ended 31st December 2009
continued
16 Available for sale financial investments
2009 2008
£m £m
Debt securities 43,888 58,831
Treasury bills and other eligible bills 5,919 4,003
Equity securities 6,676 2,142
Available for sale financial investments 56,483 64,976
Movement in available for sale financial investments
At beginning of year 64,976 43,072
Exchange and other adjustments (4,399) 14,275
Acquisitions and transfers 83,915 59,703
Disposals (through sale and redemption) (88,854) (50,501)
Gains/(losses) from changes in fair value recognised in equity 1,576 (1,174)
Impairment charge (670) (382)
Amortisation charge (6) (17)
Business disposals/discontinued operations (55) –
At end of year 56,483 64,976
17 Securities borrowing, securities lending, repurchase and reverse repurchase agreements
Amounts included in the balance sheet and reported on a net basis where the Group has the intention and the legal ability to settle net or realise
simultaneously were as follows:
a) Reverse repurchase agreements and cash collateral on securities borrowed
Amounts advanced to counterparties under reverse repurchase agreements and cash collateral provided under stock borrowing agreements are treated as
collateralised loans receivable. The related securities purchased or borrowed subject to an agreement with the counterparty to repurchase them are not
recognised on-balance sheet where the risks and rewards of ownership remain with the counterparty.
2009 2008
£m £m
Banks 67,872 55,471
Customers 75,559 74,883
Reverse repurchase agreements and cash collateral held on securities borrowed 143,431 130,354
b) Repurchase agreements and cash collateral on securities lent
Securities that are not recorded on the balance sheet (for example, securities that have been obtained as a result of reverse repurchase and stock borrowing
transactions) may also be lent or sold subject to a commitment to repurchase – such securities remain off-balance sheet. In both instances, amounts
received from counterparty are treated as liabilities, which at 31st December were as follows:
2009 2008
£m £m
Banks 93,692 87,403
Customers 105,089 94,882
Repurchase agreements and cash collateral on securities lent 198,781 182,285
18 Other assets
2009 2008
£m £m
Sundry debtors 4,909 4,814
Prepayments 1,010 882
Accrued income 347 483
Reinsurance assets 92 123
Other assets 6,358 6,302
Included in the above are balances of £4,978m (2008: £4,704m) expected to be recovered within no more than 12 months after the balance sheet date
and balances of £1,380m (2008: £1,598m) expected to be recovered more than 12 months after the balance sheet date.
Other assets include £3,476m (2008: £3,096m) of receivables which meet the definition of financial assets.