Barclays 2012 Annual Report Download - page 152

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Ireland (audited)
Fair value through profit or loss
Trading portfolio Derivatives
Designated
at FV Total
As at 31 December Assets
£m
Liabilities
£m
Net
£m
Assets
£m
Liabilities
£m
Cash
collateral
£m
Net
£m
Assets
£m
2012
£m
2011
£m
Sovereign 35 (35) – – – – – 2 2 39
Financial institutions 1,003 (32) 971 4,813 (3,828) (985) – 582 1,553 1,561
Corporate 170 (37) 133 386 (35) (198) 153 7 293 52
Fair value through OCI
Available for sale assetsa
As at 31 December Cost
£m
AFS
reserve
£m
2012
Total
£m
2011
Total
£m
Sovereign 9 – 9 205
Financial institutions 63 (3) 60 249
Corporate 4 – 4 –
Held at amortised cost
Loans and advances
As at 31 December Gross
£m
Impairment
allowances
£m
2012
Total
£m
2011
Total
£m
Financial institutions 2,309 (154) 2,155 2,501
Residential mortgages 122 (10) 112 94
Corporate 866 (36) 830 925
Other retail lending 83 – 83 86
Off-balance sheet
Contingent liabilities
and commitments
As at 31 December 2012
£m
2011
£m
Financial institutionsb 628 702
Corporate 1,007 872
Other retail lending 9 8
Financial institutions
Exposure focused on financial institutions with investment grade credit ratings;
Exposure to Irish banks amounted to £102m (2011: £58m); and
£1.4bn (2011: £1.3bn) of loans relate to issuers domiciled in Ireland whose principal business and exposures are outside of Ireland.
Corporate
£830m (2011: £925m) net loans and advances, including a significant proportion to other multinational entities domiciled in Ireland, whose
principal businesses and exposures are outside of Ireland; and
The portfolio continues to perform and has not been impacted materially by the decline in the property sector.
Notes
a ‘Cost’ refers to the fair value of the asset at recognition, less any impairment booked. ‘AFS reserve’ is the cumulative fair value gain or loss on the assets that is held
in equity. ‘Total’ is the fair value of the assets at the balance sheet date.
b The comparative figure has been restated following the re-designation of counterparties from the year end.
barclays.com/annualreport150 I Barclays PLC Annual Report 2012
Risk review
Credit risk continued