Barclays plc - Annual Report 2008 - Financial statements - The Group

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Notes to the accounts For the year ended 31st December 2008 47 Credit risk (continued) At 31st December 2007 Reverse Credit Loans and Debt repurchase market advances securities Derivatives agreements Others Total exposure £m £m £m £m £m £m £m On-balance sheet: Cash and balances at central banks 5,801 5,801 Items in course of collection from other banks 1,836 1,836 Trading portfolio: Treasury and other eligible bills 2,094 2,094 Debt securities 152,778 152,778 6,239 Traded loans 1,780 1,780 Total trading portfolio 1,780 154,872 156,652 Financial assets designated at fair value held on own account: Loans and advances 23,334 157 23,491 15,218 Debt securities 24,217 24,217 Other financial assets 98 3,056 391 3,545 Total financial assets designated at fair value held on own account 23,432 24,217 3,056 548 51,253 Derivative financial instruments 248,088 248,088 445 Loans and advances to banks 40,120 40,120 Loans and advances to customers: Residential mortgage loans 106,619 106,619 Credit card receivables 14,289 14,289 Other personal lending 29,857 29,857 Wholesale and corporate loans and advances 183,556 183,556 11,535 Finance lease receivables 11,077 11,077 Total loans and advances to customers 345,398 345,398 Available for sale financial investments: Treasury and other eligible bills 2,723 2,723 Debt securities 38,673 38,673 1,244 Total available for sale financial investments 41,396 41,396 Reverse repurchase agreements 183,075 183,075 225 Other assets 3,966 3,966 57 Total on-balance sheet 410,730 220,485 248,088 186,131 12,151 1,077,585 Off-balance sheet: Acceptances and endorsements 365 Guarantees and letters of credit pledged as collateral security and securities lending arrangements 35,692 Commitments 192,639 3,225 Total off-balance sheet 228,696 Total maximum exposure at 31st December 1,306,281 266 Barclays PLC Annual Report 2008 | Find out more at www.barclays.com/annualreport08
47 Credit risk (continued) Credit risk concentrations A concentration of credit risk exists when a number of counterparties are engaged in similar activities and have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic or other conditions. The analyses of credit risk concentrations presented below are based on the location of the counterparty or customer or the industry in which they are engaged. Credit risk concentrations by geographical sector 2008 Other Rest of United European United the Kingdom Union States Africa World Total £m £m £m £m £m £m On-balance sheet: Cash and balances at central banks 8,406 11,039 8,381 1,712 481 30,019 Items in the course of collection from other banks 1,447 59 – 169 20 1,695 Trading portfolio 23,865 35,396 66,084 2,770 26,185 154,300 Financial assets designated at fair value held on own account 14,158 7,388 19,738 2,904 3,858 48,046 Derivative financial instruments 317,621 215,054 366,161 4,403 81,563 984,802 Loans and advances to banks 7,524 12,591 13,616 2,189 11,787 47,707 Loans and advances to customers 213,079 91,109 75,826 44,373 37,428 461,815 Available for sale financial investments 15,423 18,928 16,583 3,351 8,549 62,834 Reverse repurchase agreements 22,659 41,724 47,034 848 18,089 130,354 Other assets 1,198 548 550 520 280 3,096 Total on-balance sheet 625,380 433,836 613,973 63,239 188,240 1,924,668 Off-balance sheet: Acceptances and endorsements 274 – 6 41 264 585 Guarantees and letters of credit pledged as collateral security and securities lending arrangements 4,433 3,742 42,227 1,738 1,802 53,942 Commitments 103,548 32,445 90,298 23,210 11,315 260,816 Total off-balance sheet 108,255 36,187 132,531 24,989 13,381 315,343 Total 733,635 470,023 746,504 88,228 201,621 2,240,011 Credit risk concentrations by geographical sector 2007 Other Rest of United European United the Kingdom Union States Africa World Total £m £m £m £m £m £m On-balance sheet: Cash and balances at central banks 1,458 2,170 206 1,406 561 5,801 Items in the course of collection from other banks 1,638 75 – 110 13 1,836 Trading portfolio 28,959 41,675 53,208 877 31,933 156,652 Financial assets designated at fair value held on own account 15,713 5,907 20,396 958 8,279 51,253 Derivative financial instruments 60,534 75,017 82,975 2,229 27,333 248,088 Loans and advances to banks 5,515 11,102 13,443 2,581 7,479 40,120 Loans and advances to customers 187,824 56,189 39,944 38,653 22,788 345,398 Available for sale financial investments 5,934 18,354 7,818 2,944 6,346 41,396 Reverse repurchase agreements 42,160 51,734 67,018 2,156 20,007 183,075 Other assets 1,813 617 424 698 414 3,966 Total on-balance sheet 351,548 262,840 285,432 52,612 125,153 1,077,585 3 Financial statements Off-balance sheet: Acceptances and endorsements 227 5 5 34 94 365 Guarantees and letters of credit pledged as collateral security and securities lending arrangements 7,377 1,468 23,696 1,286 1,865 35,692 Commitments 90,964 23,946 48,657 20,471 8,601 192,639 Total off-balance sheet 98,568 25,419 72,358 21,791 10,560 228,696 Total 450,116 288,259 357,790 74,403 135,713 1,306,281 Barclays PLC Annual Report 2008 267
Page 1 and 2:
Financial statements Presentation o
Page 3 and 4:
Independent Auditors’ report Inde
Page 5 and 6:
Consolidated accounts Barclays PLC
Page 7 and 8:
) financial assets, loans to custom
Page 9 and 10:
11. Collateral and netting The Grou
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17. Issued debt and equity securiti
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24. Taxes, including deferred taxes
Page 15 and 16:
The following IFRIC interpretations
Page 17 and 18:
Consolidated balance sheet As at 31
Page 19 and 20:
Consolidated cash flow statement Fo
Page 21 and 22:
Statement of recognised income and
Page 23 and 24:
4 Principal transactions 2008 2007
Page 25 and 26:
9 Administration and general expens
Page 27 and 28: 12 Trading portfolio 2008 2007 £m
Page 29 and 30: 14 Derivative financial instruments
Page 31 and 32: 16 Available for sale financial inv
Page 33 and 34: 20 Investments in associates and jo
Page 35 and 36: 22 Intangible assets 2008 Internall
Page 37 and 38: 24 Financial liabilities designated
Page 39 and 40: 26 Insurance assets and liabilities
Page 41 and 42: 27 Subordinated liabilities (contin
Page 43 and 44: 27 Subordinated liabilities (contin
Page 45 and 46: 29 Securitisations The Group was pa
Page 47 and 48: 30 Retirement benefit obligations (
Page 53 and 54: 31 Ordinary shares, share premium,
Page 55 and 56: 32 Reserves (continued) Retained ea
Page 57 and 58: 34 Contingent liabilities and commi
Page 59 and 60: 37 Leasing The Group is both lessor
Page 61 and 62: 39 Acquisitions The Group made the
Page 63 and 64: 39 Acquisitions (continued) (c) Exp
Page 65 and 66: 42 Other entities There are a numbe
Page 67 and 68: 43 Related party transactions and D
Page 69 and 70: 43 Related party transactions and D
Page 71 and 72: 45 Share-based payments (continued)
Page 77: 47 Credit risk (continued) Whilst t
Page 81 and 82: 47 Credit risk (continued) Credit r
Page 83 and 84: 47 Credit risk (continued) All loan
Page 85 and 86: 47 Credit risk (continued) Loans an
Page 87 and 88: 47 Credit risk (continued) Renegoti
Page 89 and 90: 47 Credit risk (continued) Reverse
Page 91 and 92: 48 Market risk (continued) To furth
Page 93 and 94: 48 Market risk (continued) Foreign
Page 95 and 96: 49 Liquidity risk (continued) Year-
Page 97 and 98: 49 Liquidity risk (continued) At 31
Page 99 and 100: 50 Fair value of financial instrume
Page 105 and 106: 52 Capital Management (continued) R
Page 107 and 108: 53 Segmental reporting (continued)
Page 109 and 110: 53 Segmental reporting (continued)
Page 111 and 112: Barclays Bank PLC data Consolidated
Page 117 and 118: c Principal transactions (continued
Page 119 and 120: f Other income 2008 2007 2006 £m
Page 121 and 122: k Called up share capital (continue
Page 123 and 124: l Reserves Other reserves Available
Page 125 and 126: Barclays Bank PLC data Financial Da
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Barclays plc - Annual Report 2008 - Financial statements - The Group

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