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Overview Strategic report Corporate governance Risk management Financial statements Other information<br />

Notes to the Company financial statements continued<br />

For the year ended 31 December 2013<br />

All amounts are stated in £m unless otherwise indicated<br />

6. Investment securities continued<br />

d) Held for trading<br />

2013 2012<br />

Held for trading<br />

Listed – 960.2<br />

Included in cash <strong>and</strong> cash equivalents – –<br />

The movement in investment securities – held for trading excluding interest amounts is summarised as follows:<br />

2013 2012<br />

At the beginning of the year 954.3 –<br />

Reclassified to fair value through income or expense (447.7) –<br />

Acquisitions 30.7 1,268.8<br />

Disposals <strong>and</strong> maturities (530.9) (321.6)<br />

Exchange movements 0.7 –<br />

Fair value movements through income or expense (7.1) 7.1<br />

At the end of the year – 954.3<br />

e) Analysis of investment securities by issuer<br />

2013 2012<br />

Investment securities issued by public bodies:<br />

Government securities 3,064.3 2,184.9<br />

Other public sector securities 560.5 2,208.5<br />

3,624.8 4,393.4<br />

Investment securities issued by other issuers:<br />

Bank <strong>and</strong> building society certificates of deposits – –<br />

Other debt securities:<br />

Other floating rate notes 595.8 1,975.9<br />

Mortgage backed securities 83.1 355.4<br />

678.9 2,331.3<br />

4,303.7 6,724.7<br />

Other floating-rate notes (FRNs) relate to sterling denominated FRNs with maturities ranging from one month to 12 years from the balance sheet date.<br />

232<br />

The Co-operative Bank plc Annual report <strong>and</strong> accounts 2013

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