Barclays 2015 Annual Report Download - page 283

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18 Fair value of assets and liabilities continued
Analysis of movements in Level 3 assets and liabilities
As at
1 January
2014
£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
2014
£m
Trading
income
£m
Other
income
£m
In
£m
Out
£m
Government and government
sponsored debt 161 96 (198) – (46) 5 – – 676 (9) 685
Corporate debt 3,039 177 (332) – (370) 484 – – 39 (11) 3,026
Asset backed securities 2,111 1,037 (1,552) – (141) 178 – – 8 (31) 1,610
Non-asset backed loans 176 250 (30) – (49) 2 – – 13 (89) 273
Funds and fund linked products 494 – (92) – – (17) – – 204 – 589
Other 440 8 (369) – 54 22 – – – (11) 144
Trading portfolio assets 6,421 1,568 (2,573) – (552) 674 – – 940 (151) 6,327
Commercial real estate loans 1,198 2,919 (2,678) – (334) 76 (2) – – – 1,179
Non-asset backed loansc 15,956 2 (177) – (81) 1,830 9 – – (68) 17,471
Asset backed loans 375 855 (777) – (4) 19 – – 1 (76) 393
Private equity investments 1,168 173 (500) – (11) 4 82 – – (215) 701
Other 73 75 (1) – (35) 9 32 – 2 6 161
Financial assets designated at
fair value 18,770 4,024 (4,133) – (465) 1,938 121 – 3 (353) 19,905
Asset backed securities 1 – – – – – – – – – 1
Government and government
sponsored debt 59 281 (12) – (1) – – – – – 327
Other 2,085 37 (78) – (1,694) 1 586 74 4 (30) 985
Available for sale investments 2,145 318 (90) – (1,695) 1 586 74 4 (30) 1,313
Othera451 47 (238) – – – 5 – – (58) 207
Trading portfolio liabilities – – – – – (3) – – (346) – (349)
Certificates of deposit,
commercial paper and other
money market instruments (409) – – (254) 12 2 88 – (108) 3 (666)
Issued debt (1,164) – – (16) 293 88 – – (48) 99 (748)
Other (67) – – (341) 10 6 30 – (40) – (402)
Financial liabilities designated at
fair value (1,640) – – (611) 315 96 118 – (196) 102 (1,816)
Interest rate derivatives (15) 5 45 (5) 7 (358) – – 103 113 (105)
Credit derivatives 1,420 11 – – 42 121 – – (81) 44 1,557
Equity derivatives (601) 86 (12) (305) 113 (278) – – (14) 166 (845)
Commodity derivatives (141) – – (3) (10) 4 – – (11) 9 (152)
Foreign exchange derivatives 31 – (12) (4) (71) (6) – – 29 3 (30)
Net derivative financial
instrumentsb694 102 21 (317) 81 (517) – – 26 335 425
Total 26,841 6,059 (7,013) (928) (2,316) 2,189 830 74 431 (155) 26,012
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.
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