Annual report and accounts 2009 (PDF) - Coventry Building Society

NOTES TO THE ACCOUNTS(continued)40. FINANCIAL INSTRUMENTS (continued)Liquidity risk (continued)Repayments of shares which are subject to notice are treated as if the notice were to be given immediately. In practice, depositsin the form of fixed bonds, notice accounts, regular savings accounts and some other transactional accounts are held bycustomers over the longer term and for this reason the table does not reflect the expected cash flows indicated by the Society’sdeposit retention history.The tables on the previous page exclude cash flows beyond five years (other than the repayment of principal) that relate tosubscribed capital.Capital managementThe Society’s approach to capital management is detailed in the Directors’ Report.Fair valuesSet out below is a comparison by category of carrying amounts and fair value of all the Group’s non-derivative financialinstruments, that are carried in the financial statements.2009 2009 2008 2008Carrying Fair Carrying FairGroup amount value amount value£m £m £m £mFinancial assetsCash 302.2 302.2 247.0 247.0Debt securities – available-for-sale:Government investment securities 778.4 778.4 109.8 109.8Analysis of transferable debt securitiesListed 1,486.0 1,486.0 1,286.3 1,286.3Unlisted 1,273.6 1,273.6 1,759.7 1,759.73,538.0 3,538.0 3,155.8 3,155.8Loans and advances at amortised costLoans and advances to credit institutions 325.5 325.6 470.4 485.0Loans and advances to customers 14,074.7 15,161.6 13,172.8 14,067.014,400.2 15,487.2 13,643.2 14,552.0Financial liabilities at amortised costShares 13,218.8 13,629.9 12,386.1 12,527.1Deposits, amounts owed to customers and debt securities 4,214.3 4,233.3 4,052.5 4,040.6Subordinated liabilities 70.7 79.3 70.7 81.4Permanent interest bearing shares 161.2 205.6 161.1 215.370