RBS 2012 Annual Report Download - page 412

410
Notes on the consolidated accounts continued
11 Financial instruments - valuation continued
Amounts
recorded in the
At
1 January
Income
statement (1) SOCI (2)
Transfers
in/(out) of
level 3 Issuances Purchases Settlements Sales
Foreign
exchange
At 31
December
Amounts recorded in
the income statement
relating to instruments
held at year end
2010 £m £m £m £m £m £m £m£m £m £m £m
Assets
FVTPL (3)
Loans and advances
- banks — — — 359 — 24 — — — 383 —
- customers 1,059 169 — (349) — 145 (451) (165) 52 460 38
Debt securities 2,782 294 — 1,770 — 1,973 (386) (2,682) 33 3,784 154
Equity shares 711 414 — (26) — 654 — (1,027) (10) 716 54
Derivatives 6,429 (1,561) — 1,728 — 948 (299) (1,534) 26 5,737 (1,556)
FVTPL assets 10,981 (684) — 3,482 — 3,744 (1,136) (5,408) 101 11,080 (1,310)
AFS
Debt securities 1,325 26 511 2,909 — 306 (458) (274) 34 4,379 10
Equity shares 749 (4) (39) (118) — 22 (2) (343) 14 279 (4)
AFS assets 2,074 22 472 2,791 — 328 (460) (617) 48 4,658 6
13,055 (662) 472 6,273 — 4,072 (1,596) (6,025) 149 15,738 (1,304)
Liabilities
Deposits 103 — — 11 — — (32) — 2 84 —
Debt securities in issue 2,345 336 — (212) 413 — (695) — 16 2,203 309
Short positions 184 (187) — 792 6 — (2) (16) (1) 776 (179)
Derivatives 1,987 (258) — (152) — 318 (175) (27) 47 1,740 (187)
Other financial liabilities 1 — — — — — — — — 1 —
4,620 (109) — 439 419 318 (904) (43) 64 4,804 (57)
Net (losses)/gains (553) 472 (1,247)
Notes:
(1) Net losses on HFT instruments of £1,528 million (2011 - £860 million; 2010 - £694 million) were recorded in income from trading activities. Net gains on other instruments of £141 million (2011 - £143
million; 2010 - £141 million) were recorded in other operating income, interest income and impairment losses as appropriate.
(2) Consolidated statement of comprehensive income.
(3) Fair value through profit or loss.
Fair value of financial instruments not carried at fair value
The following table shows the carrying value and fair value of financial instruments carried at amortised cost on the balance sheet.
2012
Carrying value
2012
Fair value
2011
Carrying value
2011
Fair value
2010
Carrying value
2010
Fair value
£bn £bn £bn £bn £bn £bn
Financial assets
Cash and balances at central banks 79.3 79.3 79.3 79.3 57.0 57.0
Loans and advances to banks 17.3 17.3 28.3 28.2 36.2 36.1
Loans and advances to customers 405.1 385.4 436.2 406.3 493.1 468.8
Debt securities 4.5 4.0 6.1 5.5 7.1 6.4
Settlement balances 5.7 5.7 7.8 7.8 11.6 11.6
Financial liabilities
Deposits by banks 34.5 34.5 51.3 50.7
50.0 50.4
Customer accounts 420.7 421.0 417.5 417.6 438.5 438.6
Debt securities in issue 60.1 59.8
115.4 112.7 167.2 163.8
Settlement balances 5.9 5.9 7.5 7.5 11.0 11.0
Notes in circulation 1.7
1.7
1.7 1.7 1.8 1.8
Subordinated liabilities 25.6 24.3 25.4 19.2 25.9 21.9