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

Notes to the accounts
For the year ended 31st December 2008
49 Liquidity risk (continued)
Contractual maturity of financial liabilities on an undiscounted basis
The table below presents the cash flows payable by the Group under financial liabilities by remaining contractual maturities at the balance sheet date.
The amounts disclosed in the table are the contractual undiscounted cash flows of all financial liabilities (i.e nominal values), whereas the Group manages
the inherent liquidity risk based on discounted expected cash inflows. Derivative financial instruments held for trading and trading portfolio liabilities are
included in the on demand column at their fair value.
At 31st December 2008
Over
one year
but
On Within less than Over
demand one year five years five years Total
£m £m £m £m £m
Deposits from other banks 10,850 101,537 2,224 671 115,282
Items in the course of collection due to other banks 1,633 2 – – 1,635
Customer accounts 195,728 132,927 5,249 5,807 339,711
Trading portfolio liabilities 59,474 – – – 59,474
Financial liabilities designated at fair value:
– held on own account 1,043 33,860 28,300 30,427 93,630
Derivative financial instruments:
– held for trading 964,071 – – – 964,071
– designated for risk management – 1,809 1,671 1,206 4,686
Debt securities in issue 2,567 108,955 34,510 11,853 157,885
Repurchase agreements and cash collateral on securities lent 69 181,895 547 24 182,535
Subordinated liabilities – 1,273 10,166 22,593 34,032
Other financial liabilities – 4,573 1,572 – 6,145
Total financial liabilities 1,235,435 566,831 84,239 72,581 1,959,086
Off balance sheet items
Loan commitments 222,801 30,502 5,799 917 260,019
Other commitments 493 318 340 – 1,151
Total off balance sheet items 223,294 30,820 6,139 917 261,170
Total financial liabilities and off balance sheet items 1,458,729 597,651 90,378 73,498 2,220,256
At 31st December 2007
Over
one year
but not
On Within more than Over
demand one year five years five years Total
£m £m £m £m £m
Deposits from other banks 16,288 72,533 2,099 275 91,195
Items in the course of collection due to other banks 1,781 11 – – 1,792
Customer accounts 174,269 112,875 3,739 10,280 301,163
Trading portfolio liabilities 65,402 – – – 65,402
Financial liabilities designated at fair value:
– held on own account 655 34,008 25,870 31,868 92,401
Derivative financial instruments:
– held for trading 247,378 – – – 247,378
– designated for risk management – 226 479 186 891
Debt securities in issue 698 91,201 22,926 15,020 129,845
Repurchase agreements and cash collateral on securities lent – 169,725 146 23 169,894
Subordinated liabilities – 463 4,964 17,875 23,302
Other financial liabilities – 2,968 1,456 – 4,424
Total financial liabilities 506,471 484,010 61,679 75,527 1,127,687
Off balance sheet items
Loan commitments 183,784 3,111 4,513 963 192,371
Other commitments 453 200 145 12 810
Total off balance sheet items 184,237 3,311 4,658 975 193,181
Total financial liabilities and off balance sheet items 690,708 487,321 66,337 76,502 1,320,868
Financial liabilities designated at fair value in respect of linked liabilities under investment contracts have been excluded from this analysis as the Group is
not exposed to liquidity risk arising from them. Any request for funds from investors would be met simultaneously from the linked assets.
The balances in the above table will not agree directly to the balances in the consolidated balance sheet as the table incorporates all cash flows, on an
undiscounted basis, related to both principal as well as those associated with all future coupon payments.
The principal due under perpetual subordinated liability instruments has been included in the over five years category. Further interest payments have not
been included on this amount, which according to their strict contractual terms, could carry on indefinitely.
286 Barclays PLC Annual Report 2008 | Find out more at www.barclays.com/annualreport08