he following tables set out the financial assets and liabilities that are offset, or subject to enforceable master netting arrangements and other similar agreements but not offset, as at 31 December 2017 and 31 December 2016. The column ‘Net amount’ shows the impact on the Group’s balance sheet if all offset rights were exercised.
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At 31 December 2017 |
Gross financial assets/ (liabilities) £m |
Financial (liabilities)/ assets offset £m |
Net financial assets/ (liabilities) £m |
Related amounts not offset £m |
Net amount £m |
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Financial assets |
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Trade and other receivables |
5,191 | (1 | ) | 5,190 | (31 | ) | 5,159 | |||||||||||||
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Derivative financial instruments |
76 | — | 76 | (64 | ) | 12 | ||||||||||||||
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Financial liabilities |
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Trade and other payables |
(20,130 | ) | 1 | (20,129 | ) | 31 | (20,098 | ) | ||||||||||||
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Derivative financial instruments |
(74 | ) | — | (74 | ) | 64 | (10 | ) | ||||||||||||
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At 31 December 2016 |
Gross financial assets/ (liabilities) £m |
Financial (liabilities)/ assets offset £m |
Net financial assets/ (liabilities) £m |
Related amounts not offset £m |
Net balance £m |
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Financial assets |
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Trade and other receivables |
5,136 | (1 | ) | 5,135 | (29 | ) | 5,106 | |||||||||||||
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Derivative financial instruments |
156 | — | 156 | (117 | ) | 39 | ||||||||||||||
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Financial liabilities |
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Trade and other payables |
(11,042 | ) | 1 | (11,041 | ) | 29 | (11,012 | ) | ||||||||||||
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Derivative financial instruments |
(194 | ) | — | (194 | ) | 117 | (77 | ) | ||||||||||||