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Business review Risk and balance sheet management
205
Reconciliation between accounting and regulatory consolidation
The table below provides a reconciliation between accounting and regulatory consolidation.
2013 2012
Consolidation Consolidation
Deconsolidation of banking Deconsolidation of banking
Accounting of insurance and associates/ Regulatory Accounting of insurance and associates/ Regulatory
balance sheet other entities (1) other entities (2) consolidation balance sheet other entities (1) other entities (2) consolidation
£m £m £m £m £m £m £m £m
A
ssets
Cash and balances at central banks 82,659 — 430 83,089 79,290 — 544 79,834
Loans and advances to banks 54,071 (66) 113 54,118 63,951 (30) 48 63,969
Loans and advances to customers 440,722 1,257 3,459 445,438 500,135 1,438 2,883 504,456
Debt securities 113,599 (7) 1,086 114,678 157,438 (12) 743 158,169
Equity shares 8,811 (3) —8,808 15,232 (194) — 15,038
Settlement balances 5,591 — — 5,591 5,741 — — 5,741
Derivatives 288,039 — — 288,039 441,903 — — 441,903
Intangible assets 12,368 — — 12,368 13,545 — — 13,545
Property, plant and equipment 7,909 (948) 32 6,993 9,784 (1,320) 32 8,496
Deferred tax 3,478 — — 3,478 3,443 — — 3,443
Prepayments, accrued income and other assets 7,614 (488) (533) 6,593 7,820 (77) (320) 7,423
A
ssets of disposal groups 3,017 — — 3,017 14,013 (10,544) — 3,469
1,027,878 (255) 4,587 1,032,210 1,312,295 (10,739) 3,930 1,305,486
Liabilities
Deposits by banks 63,979 — 161 64,140 101,405 — 92 101,497
Customer accounts 470,880 (5) 3,989 474,864 521,279 — 3,486 524,765
Debt securities in issue 67,819 — — 67,819 94,592 — — 94,592
Settlement balances 5,313 — — 5,313 5,878 — — 5,878
Short positions 28,022 — — 28,022 27,591 — — 27,591
Derivatives 285,526 (208) —285,318 434,333 — — 434,333
A
ccruals, deferred income and other liabilities 16,017 (33) 139 16,123 14,801 (100) 253 14,954
Retirement benefit liabilities 3,210 — — 3,210 3,884 — — 3,884
Deferred tax 507 (9) —498 1,141 (5) — 1,136
Subordinated liabilities 24,012 — 298 24,310 26,773 — 99 26,872
Liabilities of disposal groups 3,378 — — 3,378 10,170 (9,267) — 903
968,663 (255) 4,587 972,995 1,241,847 (9,372) 3,930 1,236,405
Non-controlling interests 473 — — 473 1,770 (1,367) — 403
Owners’ equity 58,742 — — 58,742 68,678 — — 68,678
Total equity 59,215 — — 59,215 70,448 (1,367) — 69,081
1,027,878 (255) 4,587 1,032,210 1,312,295 (10,739) 3,930 1,305,486
Notes:
(1) The Group can only include particular types of subsidiary undertaking in the regulatory consolidation. Insurance undertakings and non-financial undertakings are excluded from the regulatory
consolidation, although they are included in the consolidation for financial reporting.
(2) The Group must proportionally consolidate its associates for regulatory purposes where they are classified as credit institutions or financial institutions. These will generally have been equity
accounted for financial reporting purposes.
*unaudited