| IFRS 31 December 2004 £m |
Offset £m |
Other IAS 39 £m |
Debt equity £m |
Classification/ measurement £m |
Embedded derivatives £m |
Provisioning and impairment £m |
Hedging/ measurement £m |
Derecognition £m |
Revenue recognition £m |
Insurance contracts £m |
Fair value option £m |
Other £m |
Total adjustments £m |
IFRS 1 January 2005 £m |
|
| Assets | |||||||||||||||
| Cash and balances at central banks | 4,293 | — | — | — | — | — | — | — | — | — | — | — | — | — | 4,293 |
| Treasury bills and other eligible bills | 6,110 | — | — | — | (1) | — | — | — | — | — | — | — | — | (1) | 6,109 |
| Loans and advances to banks | 61,073 | 4,425 | 165 | — | — | — | — | 4 | — | — | 23 | — | 1 | 4,618 | 65,691 |
| Loans and advances to customers | 347,251 | 28,566 | 1,533 | — | (31) | — | (82) | 518 | 4,022 | (615) | — | — | — | 33,911 | 381,162 |
| Debt securities | 93,908 | — | 747 | — | (241) | — | — | 50 | (580) | — | 31 | — | — | 7 | 93,915 |
| Equity shares | 4,723 | — | — | — | 507 | — | — | — | — | — | — | — | 1 | 508 | 5,231 |
| Intangible assets | 19,242 | — | — | — | — | — | — | — | — | — | — | — | — | — | 19,242 |
| Property, plant and equipment | 16,428 | — | — | — | — | — | — | — | — | (3) | — | — | — | (3) | 16,425 |
| Settlement balances | 5,682 | — | — | — | — | — | — | — | — | — | — | — | — | — | 5,682 |
| Derivatives at fair value | 17,800 | 71,509 | — | — | (18) | 114 | — | 520 | — | — | — | (20) | — | 72,105 | 89,905 |
| Prepayments, accrued income and other assets | 11,612 | (29) | (2,445) | — | (1) | 3 | — | (379) | 327 | (90) | (142) | — | (1) | (2,757) | 8,855 |
| Total assets | 588,122 | 104,471 | — | — | 215 | 117 | (82) | 713 | 3,769 | (708) | (88) | (20) | 1 | 108,388 | 696,510 |
| Liabilities | |||||||||||||||
| Deposits by banks | 99,883 | 4,425 | 207 | — | — | — | — | 10 | 1,501 | — | — | — | 6,143 | 106,026 | |
| Customer accounts | 283,315 | 28,566 | 937 | — | (2) | (39) | — | (11) | 177 | — | 2,102 | — | 1 | 31,731 | 315,046 |
| Debt securities in issue | 63,999 | — | 342 | — | (25) | — | — | (1,060) | 2,131 | — | — | 858 | — | 2,246 | 66,245 |
| Settlement balances and short positions | 32,990 | — | 349 | — | — | — | — | — | — | — | — | — | — | 349 | 33,339 |
| Derivatives at fair value | 18,876 | 71,509 | — | — | (19) | 188 | — | 1,599 | — | — | — | (876) | — | 72,401 | 91,277 |
| Accruals, deferred income and other assets | 17,648 | (29) | (2,346) | (60) | 32 | (32) | — | (636) | 130 | 224 | (162) | (49) | — | (2,928) | 14,720 |
| Retirement benefit liabilities | 2,940 | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,940 |
| Deferred taxation liabilities | 2,061 | — | — | — | 65 | — | (24) | 12 | (51) | (283) | 46 | — | — | (235) | 1,826 |
| Insurance liabilities | 8,647 | — | — | — | — | — | — | — | — | — | (2,055) | — | — | (2,055) | 6,592 |
| Subordinated liabilities | 20,366 | — | 511 | 5,820 | — | — | — | 782 | — | — | — | 47 | — | 7,160 | 27,526 |
| Minority interests | 3,492 | — | — | (2,493) | — | — | — | — | — | — | (48) | — | — | (2,541) | 951 |
| Shareholders’ equity | 33,905 | — | — | (3,267) | 164 | — | (58) | 17 | (119) | (649) | 29 | — | — | (3,883) | 30,022 |
| Total liabilities and equity | 588,122 | 104,471 | — | — | 215 | 117 | (82) | 713 | 3,769 | (708) | (88) | (20) | 1 | 108,388 | 696,510 |