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

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