RBS 2011 Annual Report Download - page 427

RBS Group 2011 425
3Financial instruments - classification
The following tables show the company's financial assets and financial liabilities in accordance with the categories of financial instruments in IAS 39.
Assets and liabilities outside the scope of IAS 39 are shown separately.
2011 2010 2009
£m £m £m
Assets
Loans and advances to banks (1)
-loans and receivables 18,368 19,535 31,238
Loans and advances to customers (1)
-loans and receivables 4,056 6,689 2,777
Debt securities (1)
-loans and receivables 1,568 1,454 1,286
Investment in Group undertakings 53,871 49,125 64,766
Derivatives (1)
- held-for-trading 1,223 1,223 930
- hedging 279 252 239
1,502 1,475 1,169
Prepayments, accrued income and other assets
- loans and receivables —— 11
- non-financial assets 25 30 45
79,390 78,308 101,292
Liabilities
Deposits by banks (2)
-amortised cost 1,091 — 93
Customer accounts (3)
-amortised cost 977 1,029 13,264
Debt securities in issue
- amortised cost 8,373 8,742 11,788
Derivatives (3)
- held-for-trading 79 231 432
- hedging — — 14
79 231 446
Accruals, deferred income and other liabilities - non-financial liabilities 704 1,034 1,357
Subordinated liabilities - amortised cost 8,777 8,048 8,762
20,001 19,084 35,710
Owners’ equity 59,389 59,224 65,582
79,390 78,308 101,292
Notes:
(1) Due from subsidiaries.
(2) Includes amounts due to subsidiaries of £1,091 million (2010 - nil; 2009 - £4 million).
(3) Due to subsidiaries.
4Financial instruments - valuation
Fair value of financial instruments not carried at fair value
The fair values of the company’s financial assets and liabilities are not materially different from their carrying values apart from subordinated liabilities,
2011 carrying value £8.8 billion, fair value £5.6 billion (2010 - carrying value £8.0 billion, fair value £5.8 billion; 2009 - carrying value £8.8 billion, fair
value £4.9 billion) and debt securities, 2011 carrying value £1.6 billion, fair value £1.5 billion (2010 - carrying value £1.5 billion, fair value £1.8 billion;
2009 - carrying value £1.3 billion, fair value £1.3 billion).