Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 645

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 645
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 to the financial statements (continued) |                        |                                  |            |            |                 |     |                     |     |                                            |     |
| Other disclosure matters                      |                        |                                  |            |            |                 |     |                     |     |                                            |     |

Other disclosure matters The notes included in this section focus on related party transactions, Auditor's remuneration, Barclays PLC (the Parent company) disclosure, Directors’ remuneration and Transition disclosures. Related parties include any subsidiaries, associates, joint ventures and Key Management Personnel. 38 Related party transactions and Directors’ remuneration

Related party transactions

Parties are considered to be related if one party has the ability to control the other party or exercise significant influence over the other

party in making financial or operational decisions, or one other party controls both.

Subsidiaries

Transactions between Barclays PLC and its subsidiaries meet the definition of related party transactions. Where these are eliminated

on consolidation, they are not disclosed in the Group’s financial statements. Transactions between Barclays PLC and its subsidiaries are

fully disclosed in Barclays PLC’s financial statements. A list of the Group’s principal subsidiaries is shown in Note 33.

Associates, joint ventures and other entities

The Group provides banking services to its associates, joint ventures and the Group pension funds (principally the UK Retirement Fund),

providing loans, overdrafts, interest and non-interest bearing deposits and current accounts to these entities as well as other services.

Group companies also provide investment management and custodian services to the Group pension schemes. All of these

transactions are conducted on the same terms as third-party transactions. Summarised financial information for the Group’s

investments in associates and joint ventures is set out in Note 35.

Amounts included in the Group’s financial statements, in aggregate, by category of related party entity are as follows:

| For the year ended and as at 31 December 2024 | Associates 
         £m | Joint ventures 
             £m | Pension funds 
            £m |
|:----------------------------------------------|-----------:|---------------:|--------------:|
| Total income                                  |         -2 |             56 |             2 |
| Credit impairment charges                     |          — |              — |             — |
| Operating expenses                            |        -21 |              — |            -1 |
| Total assets                                  |          — |          1,104 |             — |
| Total liabilities                             |         64 |              — |           176 |
| For the year