Barclays 2015 Annual Report Download - page 293

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18 Fair value of assets and liabilities continued
Comparison of carrying amounts and fair values for assets and liabilities not held at fair value
The following table summarises the fair value of financial assets and liabilities measured at amortised cost on the Group’s balance sheet:
As at 31 December 2015
Carrying
amount
£m
Fair
value
£m
Quoted
market
prices
(Level 1)
£m
Observable
inputs
(Level 2)
£m
Significant
unobservable
inputs
(Level 3)
£m
Financial assets
Loans and advances to banks 41,349 41,301 5,933 34,125 1,243
Loans and advances to customers:
– Home loans 155,863 151,431 – – 151,431
– Credit cards, unsecured and other retail lending 67,840 67,805 1,148 284 66,373
– Finance lease receivables 4,776 4,730
– Corporate loans 170,738 169,697 585 129,847 39,265
Reverse repurchase agreements and other similar secured lendinga 28,187 28,187 – 28,187 –
Financial liabilities
Deposits from banks (47,080) (47,080) (4,428) (42,652) –
Customer accounts:
– Current and demand accounts (147,122) (147,121) (130,439) (16,537) (145)
– Savings accounts (135,567) (135,600) (122,029) (13,537) (34)
– Other time deposits (135,553) (135,796) (43,025) (84,868) (7,903)
Debt securities in issue (69,150) (69,863) (190) (69,122) (551)
Repurchase agreements and other similar secured borrowinga (25,035) (25,035) – (25,035) –
Subordinated liabilities (21,467) (22,907) – (22,907) –
As at 31 December 2014
Financial assets
Loans and advances to banks 42,111 42,088 2,693 38,756 639
Loans and advances to customers:
– Home loans 166,974 159,602 – – 159,602
– Credit cards, unsecured and other retail lending 63,583 63,759 1,214 488 62,057
– Finance lease receivables 5,439 5,340
– Corporate loans 191,771 188,805 233 143,231 45,341
Reverse repurchase agreements and other similar secured lending 131,753 131,753 2 131,751 –
Financial liabilities
Deposits from banks (58,390) (58,388) (4,257) (54,117) (14)
Customer accounts:
– Current and demand accounts (143,057) (143,085) (126,732) (16,183) (170)
– Savings accounts (131,163) (131,287) (116,172) (15,086) (29)
– Other time deposits (153,484) (153,591) (43,654) (101,736) (8,201)
Debt securities in issue (86,099) (87,522) (188) (87,334) –
Repurchase agreements and other similar secured borrowing (124,479) (124,479) (423) (124,056) –
Subordinated liabilities (21,153) (22,718) – (22,701) (17)
Fair value is an estimate of the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. As a wide range of valuation techniques are often available, it may not be appropriate to directly compare this
fair value information to independent market sources or other financial institutions. Different valuation methodologies and assumptions can have a
significant impact on fair values which are based on unobservable inputs.
Note
a During 2015, new reverse repurchase agreements and other similar secured lending and repurchase agreements and other similar secured borrowing in certain businesses have
been designated at fair value to better align to the way the business manages the portfolio’s risk and performance.
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