Barclays 2010 Annual Report Download - page 223

21 Financial liabilities designated at fair value
2010 2009
Fair Value
£m
Contractual
amount due
on maturity
£m
Fair Value
£m
Contractual
amount due
on maturity
£m
Debt securities 76,907 81,589 72,191 77,636
Deposits 10,243 10,950 6,275 6,544
Liabilities to customers under investment contracts 1,947 – 1,679 –
Other financial liabilities 8,632 9,533 7,736 8,811
Financial liabilities designated at fair value 97,729 102,072 87,881 92,991
The own credit adjustment arose on £96bn of Barclays Capital’s financial liabilities designated at fair value (2009: £86bn). The cumulative own credit net
gain that has been recognised is £892m at 31st December 2010 (2009: £501m).
22 Accruals, deferred income and other liabilities
2010
£m
2009
£m
Accruals and deferred income 5,539 6,007
Other creditors 5,198 5,972
Obligations under finance leases (see Note 37) 87 122
Insurance contract liabilities, including unit-linked liabilities 2,409 2,140
Accruals, deferred income and other liabilities 13,233 14,241
Insurance liabilities relate principally to the Group’s long-term business. Insurance contract liabilities associated with the Group’s short-term non-life
business are £131m (2009: £132m).
The maximum amounts payable under all of the Group’s insurance products, ignoring the probability of insured events occurring and the contribution
from investments backing the insurance policies were £71bn (2009: £63bn) or £67bn (2009: £57bn) after reinsurance. Of this insured risk £56bn
(2009: £49bn) was concentrated in short-term insurance contracts and £65bn (2009: £55bn) was concentrated in Africa.
The maximum impact to profit or loss and equity under any reasonably possible change in the assumptions used to calculate the insurance liabilities
would be £12m (2009: £14m).
Barclays PLC Annual Report 2010 www.barclays.com/annualreport10 221
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