RBS 2005 Annual Report Download - page 171

section
03
Financial
statements
169
Notes on the accounts
Annual Report and Accounts 2005
21 Deposits by banks Group Company
2005 2004 2005 2004
£m £m £m £m
Held-for-trading 32,067 —
Amortised cost 78,340 951
110,407 99,883 951 174
Amounts above include:
Items in the course of transmission to other banks 722 802
Due to subsidiaries 944 108
22 Customer accounts Group Company
2005 2004 2005 2004
£m £m £m £m
Held-for-trading 34,645 —
Designated as at fair value through profit or loss (1) 3,683 —
Amortised cost 304,539 55
342,867 283,315 55 —
Amounts above include:
Due to subsidiaries 55 —
(1) The amounts include insurance linked liabilities with a carrying value of £2,296 million. The carrying amount of other customer accounts designated as at fair value through profit
or loss is £114 million greater than amortised cost. No amounts have been recognised in profit or loss for changes in credit risk associated with these liabilities as the changes
are immaterial measured as the change in fair value from movements in the period in the credit risk premium payable by the Group.
23 Debt securities in issue Group Company
2005 2004 2005 2004
£m £m £m £m
Held-for-trading 1,469 —
Designated as at fair value through profit or loss (1) 11,068 —
Amortised cost 77,883 2,942
90,420 63,999 2,942 1,608
(1) No amounts have been recognised in profit or loss for changes in credit risk associated with these liabilities as the changes are immaterial measured as the change in fair value
from movements in the period in the credit risk premium payable by the Group. The carrying amount is £365 million less than amortised cost.
24 Settlement balances and short positions Group
2005 2004
£m £m
Settlement balances – amortised cost 6,561 4,067
Short positions – held-for-trading:
Debt securities – Government 30,749 24,619
Debt securities – Other issuers 5,355 4,002
Treasury bills and other eligible bills 1,178 302
Equity shares 145 —
43,988 32,990