Barclays 2009 Annual Report Download - page 295

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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:
2009 2008
Carrying Fair Carrying Fair
amount value amount value
Notes £m £m £m £m
Financial assets:
Cash and balances at central banks a 81,483 81,483 30,019 30,019
Items in the course of collection from other banks a 1,593 1,593 1,695 1,695
Trading portfolio assets
– Treasury and other eligible bills b 9,926 9,926 4,544 4,544
– Debt securities b116,594 116,594 148,686 148,686
– Equity securities b19,602 19,602 30,535 30,535
– Traded loans b2,962 2,962 1,070 1,070
– Commodities b2,260 2,260 802 802
Financial assets designated at fair value:
held in respect of linked liabilities under investment contracts b 1,257 1,257 66,657 66,657
held under own account:
– Equity securities b6,256 6,256 6,496 6,496
– Loans and advances b 22,390 22,390 30,187 30,187
– Debt securities b4,007 4,007 8,628 8,628
– Other financial assets designated at fair value b 8,658 8,658 9,231 9,231
Derivative financial instruments b 416,815 416,815 984,802 984,802
Loans and advances to banks c 41,135 41,135 47,707 47,594
Loans and advances to customers
– Residential mortgage loans c 149,099 142,726 139,845 138,373
– Credit card receivables c 21,889 21,889 22,304 22,312
– Other personal lending c 25,435 25,430 27,270 26,496
– Wholesale and corporate loans and advances c 212,928 207,648 259,699 247,798
– Finance lease receivables c 10,873 10,898 12,697 12,697
Available for sale financial instruments
– Treasury and other eligible bills b 5,919 5,919 4,003 4,003
– Debt securities b43,888 43,888 58,831 58,831
– Equity securities b6,676 6,676 2,142 2,142
Reverse repurchase agreements and cash collateral on securities borrowed c 143,431 142,524 130,354 129,296
Financial liabilities:
Deposits from banks d 76,446 76,457 114,910 114,912
Items in the course of collection due to other banks a 1,466 1,466 1,635 1,635
Customer accounts:
– Current and demand accounts d 100,710 100,710 82,515 82,515
– Savings accounts d 81,188 81,188 76,008 76,008
– Other time deposits d 140,531 140,544 176,982 176,966
Trading portfolio liabilities:
– Treasury and other eligible bills b 381 381 79 79
– Debt securities b44,327 44,327 44,309 44,309
– Equity securities b6,468 6,468 14,919 14,919
– Commodities b76 76 167 167
Financial liabilities designated at fair value:
– Held on own account b 86,202 86,202 76,892 76,892
– Liabilities to customers under investment contracts b 1,679 1,679 69,183 69,183
Derivative financial instruments b 403,416 403,416 968,072 968,072
Debt securities in issue d 135,902 135,405 149,567 148,736
Repurchase agreements and cash collateral on securities lent d 198,781 198,781 182,285 182,285
Subordinated liabilities d 25,816 25,299 29,842 22,944