IBRC annual report for 2011 - Irish Bank Resolution Corporation ...

Irish Bank Resolution Corporation LimitedAnnual Report & Accounts 2011The GroupAt fair valuethrough profit or lossAt fair valuethrough equityPolicyholders' Loans andfunds receivables /Designated Fair value designated Cash flow held atHeld for upon initial hedge upon initial Available- hedge amortisedtrading recognition derivatives recognition for-sale * derivatives cost * Total€m €m €m €m €m €m €m €mAssetsCash and balances with central banks - - - - - - 181 181Financial assets at fair value through profit or loss- held on own account - 13 - - - - - 13- held in respect of liabilities to customers underinvestment contracts - - - 237 - - - 237Derivative financial instruments 1,844 - 82 - - 10 - 1,936Loans and advances to banks - - - - - - 3,525 3,525Assets classified as held for sale 17 - - - - - 1,623 1,640Available-for-sale financial assets - - - - 2,219 - - 2,219Promissory note - - - - - - 25,704 25,704Government debt securities at amortised cost - - - - - - 10,623 10,623Loans and advances to customers - - - - - - 24,364 24,364Total financial assets 1,861 13 82 237 2,219 10 66,020 70,4422010LiabilitiesDeposits from banks - - - - - - 46,566 46,566Customer accounts - 31 - - - - 11,061 11,092Derivative financial instruments 2,316 - 60 84 - - - 2,460Debt securities in issue - - - - - - 6,912 6,912Liabilities to customers under investment contracts - - - 351 - - - 351Other liabilities** - - - - - - 64 64Subordinated liabilities and other capital instruments - - - - - - 509 509Total financial liabilities 2,316 31 60 435 - - 65,112 67,954* Where relevant, carrying values include fair value hedge adjustments.** Includes obligations under financial guarantees only.135