Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 588

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 588
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 and the liabilities and contingent liabilities assumed on the date of the acquisition.

Goodwill is reviewed annually for impairment, or more frequently when there are indications that impairment may have occurred. The

test involves comparing the carrying value of a cash generating unit (CGU) including goodwill with the present value of the pre-tax cash

flows, discounted at a rate of interest that reflects the inherent risks, of the CGU to which the goodwill relates, or the CGU's fair value if

this is higher.

Intangible assets

Intangible assets are initially recognised when they are separable or arise from contractual or other legal rights, the cost can be

measured reliably and, in the case of intangible assets not acquired in a business combination, where it is probable that future economic

benefits attributable to the assets will flow from their use.

For internally generated intangible assets, only costs incurred during the development phase are capitalised. Expenditure in the

research phase is expensed when it is incurred.

Intangible assets are stated at cost (which is, in the case of assets acquired in a business combination, the acquisition date fair value)

less accumulated amortisation and impairment, if any, and are amortised over their useful lives in a manner that reflects the pattern to

which they contribute to future cash flows, generally using the amortisation periods set out below:

| Annual rates in calculating amortisation | Amortisation period |
| Goodwill                                 | Not amortised       |
| Internally generated software1           | 12monthsto6years    |
| Other software                           | 12monthsto6years    |
| Core Deposit                             | 12monthsto5years    |
| Brand                                    | 12monthsto10years   |
| Customer lists                           | 12monthsto25years   |
| Licences and other                       | 12monthsto25years   |

Note:

1 Exceptions to the above rate relate to useful lives of certain core banking platforms that are assessed individually and, if appropriate, amortised over longer periods ranging from 10

to 15years .

Intangible assets are reviewed for impairment when there are indications that impairment may have occurred. Intangible assets not yet

available for use are reviewed annually for impairment.

| Strategy                                       | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 408 |
| Notes to the financial statements (continued)  |                        |