Notes to the Financial Statements
for the year ended 31 December 2004
38 Banking - Other Liabilities
| £m | |||
Note |
At 31 December 2004 |
At 31 December 2003 |
|
| Current tax | 18 |
13 |
|
| Liabilities under acceptances | 139 |
70 |
|
| Securities sold under agreements to repurchase | 351 |
281 |
|
| Derivative contracts - negative value | 46(e) |
1,837 |
1,742 |
| Trade creditors and other liabilities | 883 |
1,094 |
|
3,228 |
3,200 |
Other liabilities include £1,837 million (R19,924 million) (2003: £1,742 million (R20,796 million)) which reflects the negative value of on-balance sheet trading derivative instruments. The positive value of these contracts is included within other assets. All other liabilities are due within one year.
