Barclays 2013 Annual Report Download - page 376

Note 46: Transition Notes – Changes in accounting policies, comparability and other adjustments continued
Movement between the published and restated balance sheet as at 31 December 2012
The adoption of the IAS 19 revised and IFRS 10 standards resulted in a decrease of £1,986m in the total assets, an increase of £985m in total
liabilities and a reduction of the shareholders equity by £2,971m.
The movement on the retirement benefit assets principally relate to recognised losses, netting adjustments made to reclassify balances from
assets to liabilities where the overall scheme is in a net deficit position and changes to asset values due to the removal of the expected return on
assets. The movement on the retirement benefit liabilities relates to netting adjustments. Movements on the assets, liabilities and equities balances
are shown in the table below:
Consolidated balance sheet – movement between published and restated
As at 31 December 2012 Published
£m
IFRS 10
£m
IAS 19
revised
£m
Restated
£m
Assets
Cash and balances at central banks 86,175 16 – 86,191
Items in the course of collection from other banks 1,456 17 – 1,473
Trading portfolio assets 145,030 1,322 – 146,352
Financial assets designated at fair value 46,061 568 – 46,629
Derivative financial instruments 469,146 10 – 469,156
Available for sale investments 75,109 – – 75,109
Loans and advances to banks 40,489 (27) – 40,462
Loans and advances to customers 425,729 (1,823) – 423,906
Reverse repurchase agreements and other similar secured lending 176,956 (434) – 176,522
Prepayments, accrued income and other assets 4,360 5 – 4,365
Investments in associates and joint ventures 570 63 – 633
Property, plant and equipment 5,754 – – 5,754
Goodwill and intangible assets 7,915 – – 7,915
Current tax assets 252 – – 252
Deferred tax assets 3,016 139 408 3,563
Retirement benefit assets 2,303 – (2,250) 53
Total assets 1,490,321 (144) (1,842) 1,488,335
Liabilities
Deposits from banks 77,010 2 – 77,012
Items in the course of collection due to other banks 1,573 14 – 1,587
Customer accounts 385,707 (296) – 385,411
Repurchase agreements and other similar secured borrowing 217,342 (164) – 217,178
Trading portfolio liabilities 44,794 – – 44,794
Financial liabilities designated at fair value 78,280 281 – 78,561
Derivative financial instruments 462,468 253 – 462,721
Debt securities in issue 119,581 (56) – 119,525
Subordinated liabilities 24,018 – – 24,018
Accruals, deferred income and other liabilities 12,232 300 – 12,532
Provisions 2,766 – – 2,766
Current tax liabilities 621 (1) – 620
Deferred tax liabilities 719 – (377) 342
Retirement benefit liabilities 253 – 1,029 1,282
Total liabilities 1,427,364 333 652 1,428,349
Total equity
Shareholders’ equity excluding non-controlling interests 53,586 (477) (2,494) 50,615
Non-controlling interests 9,371 – – 9,371
Total equity 62,957 (477) (2,494) 59,986
Total liabilities and equity 1,490,321 (144) (1,842) 1,488,335
Impact of IAS 19 revised standard on the balance sheet as at 31 December 2013
The adoption of the IAS 19 revised standard resulted in a change from a defined benefit asset of £2,066m to a defined benefit liability of £1,780m.
This movement is due to actuarial losses of £3,846m being recognised on the balance sheet.
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374 Barclays PLC Annual Report 2013
Notes to the financial statements
For the year ended 31 December 2013 continued