macquarie.com.au  2014 Annual Financial Report  Macquarie Group Limited and its subsidiaries  Notes to the financial statements  for the financial year ended 31 March 2014  continued Note 40  Offsetting financial assets and financial liabilities  The Consolidated Entity reports financial assets and financial liabilities on a net basis on the balance sheet when they meet the  criteria described in Note 1(xxiv). The following tables provide information on the impact of offsetting that has occurred in the  balance sheet, as well as amounts subject to enforceable netting arrangements that do not qualify for offsetting in the balance  sheet. The tables exclude amounts not subject to offsetting or enforceable netting arrangements. The amounts presented in this  note do not represent the credit risk exposure of the entity, refer to note 38.1 for information on credit risk management.  204  Amounts subject to enforceable netting arrangements  Subject to offsetting on balance sheet  Related amounts not offset  Gross  amounts $m   Amounts  offset  $m  Net amount  presented  $m  Other  recognised  financial  instruments  $m  Cash and  other financial  collateral  $m  Net amount  $m  Consolidated 2014  Receivables from financial  institutions (1) 10,065  (1)  10,064  (712)  (9,132)  220  Derivative assets  13,563  (1,904)  11,659  (8,388)  (1,167)  2,104  Other assets 3,554  (2,075)  1,479  (55)  (1)  1,423  Loan assets held at amortised  cost  139  (139)  –  –  –  –  Other financial assets at fair  value through profit or loss  1,377  (1,264)  113  –  –  113  Total assets  28,698  (5,383)  23,315  (9,155)  (10,300)  3,860  Derivative liabilities  (13,288)  1,902  (11,386)  8,388  1,300  (1,698)  Deposits  (205)  169  (36)  –  1  (35)  Other liabilities (3,588)  2,129  (1,459)  55  –  (1,404)  Payables to financial  institutions (2) (8,618)  1  (8,617)  712  7,859  (46)  Other financial liabilities at fair  value through profit or loss  (1,150)  1,150  –  –  –  –  Debt issued at amortised cost  (32)  32  –  –  –  –  Total liabilities  (26,881)  5,383  (21,498)  9,155  9,160  (3,183)  (1) Included within this balance are reverse repurchase arrangements and other similar secured lending.  (2) Included within this balance are repurchase arrangements and other similar secured borrowing. 