RBS 2013 Annual Report Download - page 412
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Notes on the consolidated accounts
410
10 Financial instruments – classification continued
Net amount
Effect of maste
r
after the effect of
IFRS netting
/
simila
r
Cash Other financial netting arrangements
Gross offset Balance sheet agreement collateral collateral and related collateral
2011 £m £m £m £m £m £m £m
A
ssets
Derivatives 1,051,670 (544,491) 507,179 (441,626) (37,222) (5,312) 23,019
Reverse repurchase agreements 128,447 (37,605) 90,842 (15,246) — (75,596) —
Settlement balances 2,087 (1,359) 728 (728) — — —
1,182,204 (583,455) 598,749 (457,600) (37,222) (80,908) 23,019
Liabilities
Derivatives 1,050,056 (544,491) 505,565 (441,626) (31,368) (8,585) 23,986
Repurchase agreements 150,389 (37,605) 112,784 (15,246) — (97,538) —
Settlement balances 2,087 (1,359) 728 (728) — — —
1,202,532 (583,455) 619,077 (457,600) (31,368) (106,123) 23,986
Reclassification of financial instruments
In 2008 and 2009, the Group reclassified financial assets from the held-for-trading (HFT) and available-for-sale (AFS) categories into the loans and
receivables (LAR) category (as permitted by paragraph 50D of IAS 39 as amended) and from the HFT category into the AFS category (as permitted by
paragraph 50B of IAS 39 as amended).
The tables below show the carrying value, fair value and the effect on profit or loss of these reclassifications undertaken by the Group. There have been
no further reclassifications.
Amount recognised in Amount that Reduction/
the income statement would have been (increase) in
Impairment recognised had profit or loss
Carrying Fair (losses) reclassification as a result of
value value Income /releases not occurred reclassification
2013 £m £m £m £m £m £m
Reclassified from HFT to LAR
Loans 1,417 1,160 (28) (13) 42 83
Debt securities 1,293 901 (29) 3 (74) (48)
2,710 2,061 (57) (10) (32) 35
Reclassified from HFT to AFS (1)
Debt securities 311 311 56 — 111 55
Reclassified from AFS to LAR (2)
Debt securities — — 4 7 — (11)
3,021 2,372 3 (3) 79 79
For the notes to this table refer to the following page.