bank-r-and-a

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Notes to the Company financial statements continued
For the year ended 31 December 2013
All amounts are stated in £m unless otherwise indicated
6. Investment securities continued
The movement in investment securities – available for sale excluding interest amounts is summarised as follows:
2013 2012
At the beginning of the year 3,550.6 3,090.5
Acquisitions 1,501.0 2,617.8
Disposals and maturities (2,456.3) (2,173.1)
Exchange adjustments (0.9) (8.1)
Fair value movements through equity (32.7) 108.7
Fair value movements through income or expense (105.0) (68.2)
Amortisation (13.6) (19.7)
Release and utilisation of impairment provision 18.5 2.7
At the end of the year 2,461.6 3,550.6
Impairment analysis of investment securities – available for sale
2013 2012
At the beginning of the year 39.0 42.5
Released during the year – (2.7)
Utilised during the year (18.5) –
Exchange adjustments (0.5) (0.8)
At the end of the year 20.0 39.0
c) Fair value through income or expense
2013 2012
Fair value through income or expense
Listed 1,743.4 1,845.2
1,743.4 1,845.2
Less: allowance for losses – –
1,743.4 1,845.2
Included in cash and cash equivalents – –
The movement in investment securities – fair value through income or expense excluding interest amounts is summarised as follows:
2013 2012
At the beginning of the year 1,830.6 339.5
Reclassified to fair value through income or expense 447.7 –
Acquisitions 2,120.9 1,895.5
Disposals and maturities (2,632.9) (410.8)
Exchange adjustments (0.1) (0.1)
Fair value movements through income or expense (35.3) 6.5
At the end of the year 1,730.9 1,830.6
The Co-operative Bank plc Annual report and accounts 2013
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