Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 526

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 526
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 the basis of preparation applied. Following that review, the basis of preparation of interest received and paid has been amended to reflect interest received and interest paid on activity where interest is recognised on an effective interest rate basis to make the cash flow statement information more relevant with reference to net interest income recognised in the income statement and enhancing comparability with industry peers. Previously, amounts related to trading activities were also included. Dividends received were £ 3m ( 2023 : £ 0m ; 2022 : £ 31m ). The Group is required to maintain balances with central banks and other regulatory authorities. These amounted to £ 2,945m ( 2023 : £ 3,758m ; 2022 : £ 3,457m ) an d are included within the Cash and cash equivalents. For the purposes of the cash flow statement, cash comprises cash on hand and demand deposits and cash equivalents comprise highly liquid investments that are convertible into cash with an insignificant risk of changes in value with original maturities of three months or less. Repurchase and reverse repurchase agreements are not considered to be part of cash equivalents.

| Strategy                | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 362 |
| Parent company accounts |                        |                                  |            |            |                 |     |                     |     |                                            |     |

| Statement of comprehensive income           
 For the year ended 31 December              | Notes |    £m |  2024 
    £m |  2023 
    £m |
|:--------------------------------------------|------:|------:|------:|------:|
| Dividend received from subsidiaries         |    42 | 3,087 | 2,818 | 2,797 |
| Net interest expense                        |       |   -15 |   -11 |  -163 |
| Other  income/(expense)                     |    42 | 1,183 | 1,174 |  -654 |
| Operating expenses                          |       |  -264 |  -296 |  -257 |
| Profit  before tax                          |       | 3,991 | 3,685 | 1,723 |
| Taxation                                    |       |    91 |    81 |   440 |
| Profit  after tax                           |       | 4,082 | 3,766 |