Barclays 2015 Annual Report Download - page 282

280 I Barclays PLC Annual Report 2015 home.barclays/annualreport
Notes to the financial statements
18 Fair value of assets and liabilities continued
Level 3 movement analysis
The following table summarises the movements in the Level 3 balance during the year. The table shows gains and losses and includes amounts for
all assets and liabilities transferred to and from Level 3 during the year. Transfers have been reflected as if they had taken place at the beginning of
the year.
Analysis of movements in Level 3 assets and liabilities
As at
1 January
2015
£m
Purchases
£m
Sales
£m
Issues
£m
Settlements
£m
Total gains and losses
in the period
recognised in the
income statement
Total
gains
or losses
recognised
in OCI
£m
Transfers As at 31
December
2015
£m
Trading
income
£m
Other
income
£m
In
£m
Out
£m
Government and government
sponsored debt 685 27 (119) – (109) (6) – – 2 (160) 320
Corporate debt 3,026 62 (64) – (20) (47) – – 5 (80) 2,882
Asset backed securities 1,610 1,365 (1,565) – (711) 58 – – 5 (19) 743
Non-asset backed loans 273 520 (251) – (3) (42) – – 11 (1) 507
Funds and fund linked products 589 – (174) – (56) (27) – – 12 (4) 340
Other 144 23 (19) – (9) (14) – – 53 (23) 155
Trading portfolio assets 6,327 1,997 (2,192) – (908) (78) – – 88 (287) 4,947
Commercial real estate loans 1,179 3,540 (3,878) – (342) 49 1 – – – 549
Non-asset backed loansc 17,471 192 (114) – (756) (531) (6) – – – 16,256
Asset backed loans 393 1,098 (1,260) – 2 8 – – 15 – 256
Private equity investments 701 94 (200) – (3) 8 38 – 4 (132) 510
Other 161 66 (31) – (3) (11) 5 – 26 (26) 187
Financial assets designated at
fair value 19,905 4,990 (5,483) – (1,102) (477) 38 – 45 (158) 17,758
Asset backed securities 1 – – – – – – – – (1) –
Government and government
sponsored debt 327 14 (36) – – – – 1 – (212) 94
Other 985 65 (91) – (1,026) – 549 419 27 – 928
Available for sale investments 1,313 79 (127) – (1,026) – 549 420 27 (213) 1,022
Othera207 27 (89) – – – (5) – – – 140
Trading portfolio liabilities (349) – – – – – – – – 349 –
Certificates of deposit,
commercial paper and other
money market instruments (666) – – (216) 261 – 17 – – 221 (383)
Issued debt (748) – – (16) 245 (4) (8) – (38) 4 (565)
Other (402) – – – (19) (18) 75 – – 10 (354)
Financial liabilities designated at
fair value (1,816) – – (232) 487 (22) 84 – (38) 235 (1,302)
Interest rate derivatives (105) 1 218 – (247) 203 – – 243 117 430
Credit derivatives 1,557 273 (12) – (6) (123) – – (11) 7 1,685
Equity derivatives (845) 111 (2) (290) 103 34 – – (21) 52 (858)
Commodity derivatives (152) – – – (66) (6) – – (388) 106 (506)
Foreign exchange derivatives (30) 14 (1) (7) 9 (14) – – (73) – (102)
Net derivative financial
instrumentsb425 399 203 (297) (207) 94 – – (250) 282 649
Total 26,012 7,492 (7,688) (529) (2,756) (483) 666 420 (128) 208 23,214
Notes
a Other includes investment property of £140m (2014: £207m). Non-current assets held for sale of £7,330m (2014: £15,574m) and liabilities in a disposal group classified as held for
sale of £4,171m (2014: £13,115m) are not included as these are measured at fair value on a non-recurring basis.
b The derivative financial instruments are represented on a net basis. On a gross basis, derivative financial assets are £5,418m (2014: £4,745m) and derivative financial liabilities are
£4,769m (2014: £4,320m).
c A partially offsetting market gain of £172m (2014: £2,921m loss) has been recognised on the Level 2 derivative instruments that hedge the ESHLA loan portfolio interest rate risk.