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Notes to the Bank financial statements continued
For the year ended 31 December 2013
All amounts are stated in £m unless otherwise indicated
41. Fair values of financial assets and liabilities continued
b) Valuation of financial assets and liabilities carried at fair value
The following tables analyse financial assets and liabilities carried at fair value by the three level fair value hierarchy as follows:
• Level 1 – Quoted market prices in active markets
• Level 2 – Valuation techniques using observable inputs
• Level 3 – Valuation techniques using unobservable inputs
Fair value at end of the reporting period using:
2013
Level 1 Level 2 Level 3 Total
Non-derivative financial assets
Designated at fair value:
Loans and advances to customers – 125.5 8.7 134.2
Investment securities 1,743.4 – – 1,743.4
Available for sale financial assets:
Investment securities 2,497.2 235.2 – 2,732.4
Equity shares 0.1 5.7 – 5.8
Derivative financial instruments – 525.3 30.5 555.8
Non-financial instruments
Investment properties – 157.9 6.2 164.1
Total assets carried at fair value 4,240.7 1,049.6 45.4 5,335.7
Non-derivative financial liabilities
Designated at fair value:
Customer accounts – capital bonds – 538.1 – 538.1
Derivative financial instruments – 477.4 61.2 538.6
Total liabilities carried at fair value – 1,015.5 61.2 1,076.7
The Co-operative Bank plc Annual report and accounts 2013
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