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Overview Strategic report Corporate governance Risk management Financial statements Other information Notes to the Company financial statements continued For the year ended 31 December 2013 All amounts are stated in £m unless otherwise indicated 25. Related party transactions continued The following tables show the value of transactions with The Co-operative Bank plc undertakings during the year. 2013 Interest and fees paid to Company Interest and fees received from Company Staff recharges paid to Company Rent received from Company Administration recharge paid to Company Transactions with Co-operative Bank subsidiaries (excluding special purpose entities) 61.4 60.9 9.3 0.6 8.0 Transactions with Co-operative Bank subsidiaries – special purpose entities 112.2 105.5 – – – 2012 Transactions with Co-operative Bank subsidiaries (excluding special purpose entities) 84.3 66.6 14.5 0.6 8.3 Transactions with Co-operative Bank subsidiaries – special purpose entities 111.3 118.0 – – – Transactions with Directors, key management personnel and close family Details of the Company’s transactions with Directors, key management personnel and close family are as set out in note 39 to the Bank financial statements. 26. Share capital No. of shares (millions) 2013 Share capital 2013 No. of shares (millions) 2012 Share capital 2012 Issued capital (ordinary shares of 5p each) At the beginning of the year 8,200 410.0 8,200 410.0 Shares cancelled (8,200) (410.0) – – Issue of new ordinary shares 250 12.5 – – At the end of the year 250 12.5 8,200 410.0 Allotted, called up and fully paid (ordinary shares of 5p each) At the beginning of the year 8,200 410.0 8,200 410.0 Shares cancelled (8,200) (410.0) – – Issue of new ordinary shares 250 12.5 – – At the end of the year 250 12.5 8,200 410.0 Share premium account At the beginning of the year 8.8 8.8 Issue of new ordinary shares 1,351.0 – At the end of the year 1,359.8 8.8 The ordinary shareholders have one vote for every share held. Refer to note 4 of the Bank financial statements for details of shares cancelled and issued as a result of the LME. The Co-operative Bank plc Annual report and accounts 2013 251
Overview Strategic report Corporate governance Risk management Financial statements Other information Notes to the Company financial statements continued For the year ended 31 December 2013 All amounts are stated in £m unless otherwise indicated 27. Fair values of financial assets and liabilities The fair values in this note are stated at a specific date and may be significantly different from the amounts which will actually be paid on the maturity or settlement dates of the instruments. As a wide range of valuation techniques are available, it may be inappropriate to compare this fair value information to that of independent market or other financial institutions. The tables below analyse the balance sheet carrying values of financial assets and liabilities by classification. Designated at fair value Loans and receivables Available for sale Liabilities at amortised cost Derivatives in a hedging relationship Balance sheet categories Held for trading Total 2013 Assets Cash and balances at central banks – – 5,418.8 – – – 5,418.8 Loans and advances to banks – – 579.9 – – – 579.9 Loans and advances to customers – 134.2 20,184.0 – – – 20,318.2 Fair value adjustments for hedged risk – – 107.6 – – – 107.6 Investment securities – 1,743.4 83.1 2,477.2 – – 4,303.7 Derivative financial instruments 234.5 – – – – 90.4 324.9 Equity shares – – – 5.8 – – 5.8 Amounts owed by Co-operative Bank undertakings – – 11,886.8 – – – 11,886.8 Other assets – – 470.0 – – – 470.0 Total financial assets 234.5 1,877.6 38,730.2 2,483.0 – 90.4 43,415.7 Non-financial assets 1,660.8 Total assets 45,076.5 Liabilities Deposits by banks – – – – 2,863.3 – 2,863.3 Customer accounts – – – – 31,185.9 – 31,185.9 Customer accounts – capital bonds – 527.3 – – – – 527.3 Debt securities in issue – – – – 1,504.2 – 1,504.2 Derivative financial instruments 184.0 – – – – 347.0 531.0 Other borrowed funds – – – – 196.3 – 196.3 Amounts owed to Co-operative Bank undertakings – 1,466.4 – – 4,487.9 – 5,954.3 Other liabilities – – – – 200.5 – 200.5 Total financial liabilities 184.0 1,993.7 – – 40,438.1 347.0 42,962.8 Non-financial liabilities 543.8 Total liabilities 43,506.6 Capital and reserves 1,569.9 Total liabilities and equity 45,076.5 IAS 39 requires derivative financial instruments that are not in a hedging relationship to be classified as ‘held for trading’, this definition differs from the definition of ‘derivatives held for trading purposes’ as shown in note 7. 252 The Co-operative Bank plc Annual report and accounts 2013
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