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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 27. Fair values of financial assets and liabilities continued Balance sheet categories 2012 Assets Held for trading Designated at fair value Loans and receivables Available for sale Liabilities at amortised cost Derivatives in a hedging relationship Cash and balances at central banks – – 5,433.0 – – – 5,433.0 Loans and advances to banks – – 1,047.2 – – – 1,047.2 Loans and advances to customers – 153.6 22,631.9 – – – 22,785.5 Fair value adjustments for hedged risk – – 354.1 – – – 354.1 Investment securities 960.2 1,845.2 355.4 3,563.9 – – 6,724.7 Derivative financial instruments 360.1 – – – – 230.8 590.9 Equity shares – – – 5.7 – – 5.7 Amounts owed by other Co-operative Group undertakings – – 56.4 – – – 56.4 Amounts owed by Co-operative Bank undertakings – – 12,357.0 – – – 12,357.0 Other assets – – 67.3 – – – 67.3 Total financial assets 1,320.3 1,998.8 42,302.3 3,569.6 – 230.8 49,421.8 Non-financial assets 2,474.7 Total assets 51,896.5 Total Liabilities Deposits by banks – – – – 3,552.9 – 3,552.9 Customer accounts – – – – 33,750.3 – 33,750.3 Customer accounts – capital bonds – 867.2 – – – – 867.2 Debt securities in issue – – – – 1,752.2 – 1,752.2 Derivative financial instruments 241.8 – – – – 680.8 922.6 Other borrowed funds – – – – 1,258.6 – 1,258.6 Amounts owed to other Co-operative Group undertakings – – – – 190.0 – 190.0 Amounts owed to Co-operative Bank undertakings – 1,764.4 – – 5,932.6 – 7,697.0 Other liabilities – – – – 99.5 – 99.5 Total financial liabilities 241.8 2,631.6 – – 46,536.1 680.8 50,090.3 Non-financial liabilities 177.1 Total liabilities 50,267.4 Capital and reserves 1,629.1 Total liabilities and equity 51,896.5 The above table has been re-analysed to show all derivatives in a hedging relationship. Amounts owed by other Co-operative Group undertakings have been restated as described in note 1. The Co-operative Bank plc Annual report and accounts 2013 253
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 continued a) Use of financial instruments Refer to note 41.a) in the Bank financial statements for details of the use of financial instruments by the Company. 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 defined as follows: • Level 1 – Quoted market prices in active markets • Level 2 – Valuation techniques using observable inputs • Level 3 – Valuation techniques using unobservable inputs 2013 Non-derivative financial assets Fair value at end of the reporting period using: Level 1 Level 2 Level 3 Total 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 2,477.2 – – 2,477.2 Equity shares 0.1 5.7 – 5.8 Derivative financial instruments – 314.3 10.6 324.9 Non-financial assets Investment properties – – 1.9 1.9 Total assets carried at fair value 4,220.7 445.5 21.2 4,687.4 Non-derivative financial liabilities Designated at fair value: Customer accounts – capital bonds – 527.3 – 527.3 Amounts owed to Co-operative Bank undertakings – – 1,466.4 1,466.4 Derivative financial instruments – 454.9 76.1 531.0 Total liabilities carried at fair value – 982.2 1,542.5 2,524.7 254 The Co-operative Bank plc Annual report and accounts 2013
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