Notes to the Financial Statements
for the year ended 31 December 2004
38 Banking - Other Liabilities
| Rm | |||
Note |
At 31 December 2004 |
At 31 December 2003 |
|
| Current tax | 196 |
150 |
|
| Liabilities under acceptances | 1,511 |
836 |
|
| Securities sold under agreements to repurchase | 3,811 |
3,350 |
|
| Derivative contracts - negative value | 46(e) |
19,924 |
20,796 |
| Trade creditors and other liabilities | 9,583 |
13,067 |
|
35,025 |
38,199 |
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.
