Barclays 2015 Annual Report Download - page 164

162 I Barclays PLC Annual Report 2015 home.barclays/annualreport
Risk review
Watch list rating of wholesale balancesa
Watch list 1 Watch list 2 Watch list 3 Watch list 4 Total
As at 31 December 2015
£m
2014
£m
2015
£m
2014
£m
2015
£m
2014
£m
2015
£m
2014
£m
2015
£m
2014
£m
Energy and Water 1,247 160 314 1,011 447 480 285 49 2,293 1,700
Manufacturing 928 483 539 347 138 162 267 395 1,872 1,387
Agriculture, Forestry, Fishing & Miscellaneous
Activities 425 277 496 517 544 324 275 445 1,740 1,563
Wholesale and Retail, Distribution and Leisure 626 249 582 939 272 388 260 536 1,740 2,112
Property 424 513 410 600 378 1,458 498 1,212 1,710 3,782
Business and Other Services 220 241 516 583 639 214 149 157 1,524 1,196
Transport 86 98 121 148 208 285 98 111 513 641
Construction 65 47 175 131 108 136 84 147 432 461
Financial Institutions/Services (59) 29 69 391 62 345 302 325 374 1,090
Other 53 75 69 91 119 72 88 29 329 268
Total 4,015 2,172 3,291 4,758 2,915 3,865 2,306 3,405 12,527 14,200
As a percentage of total balances 32% 15% 26% 34% 23% 27% 19% 24% 100% 100%
Total watch list balances fell by 12% to £12.5bn principally reflecting the sale of the corporate business in Spain.
Total watch list balances to energy and water increased by 35% to £2,293m (2014: £1,700m), reflecting the increased stress in the oil and gas sector
as a result of the oil price. Watch list balances in manufacturing increased due to increased stress in the automotive sector.
Analysis of debt securities
Debt securities include government securities held as part of the Group’s treasury management portfolio for liquidity and regulatory purposes, and
are for use on a continuing basis in the activities of the Group.
The following tables provide an analysis of debt securities held by the Group for trading and investment purposes by issuer type, and where the
Group held government securities exceeding 10% of shareholders’ equity.
Further information on the credit quality of debt securities is presented on pages 148 and 149. Further disclosure on sovereign exposures to selected
Eurozone countries is presented on page 152.
Debt securities
2015 2014
As at 31 December £m % £m %
Of which issued by:
Governments and other public bodies 96,537 70.9 106,292 68.1
Corporate and other issuers 26,166 19.2 29,557 19.0
US agency 8,927 6.6 11,460 7.3
Mortgage and asset backed securities 4,009 2.9 8,396 5.4
Bank and building society certificates of deposit 598 0.4 279 0.2
Total 136,237 100.0 155,984 100.0
Government securities
As at 31 December
2015
Fair value
£m
2014
Fair value
£m
US 26,119 32,096
UK 22,372 28,938
France 8,874 6,259
Germany 6,619 7,801
Note
a Balances represent on-balance sheet exposures and comprise PCB, Barclays Africa, Non-Core and Investment Bank.
Risk performance
Credit risk