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Notes to the Group accounts

6 Net trading income

Previous 5 Net fee and commission income | 7 Insurance premium income Next

  2007
£m		 2006
£m
Foreign exchange translation gains 34 32
Gains on foreign exchange trading transactions 159 98
Total foreign exchange 193 130
Investment property (losses) gains (note 21) 321 631
Securities and other gains 3,251 5,580
  3,123 6,341

Securities and other gains comprise net gains arising on assets and liabilities held at fair value through profit or loss and for trading as follows:

  2007
£m		   2006
£m
Net income arising on assets held at fair value through profit or loss:      
Loans and advances to banks and customers 23   29
Debt securities 673   1,181
Equity shares 2,422   4,046
Total net income arising on assets held at fair value through profit or loss 3,118   5,256
Net (expense) income arising on liabilities held at fair value through      
profit or loss – debt securities in issue (153)   21
Total net gains arising on assets and liabilities held at fair value through profit or loss 2,965   5,277
Net gains on financial instruments held for trading 286   303
Securities and other gains 3,251   5,580