Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 540

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 540
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 identifiable trading income.

Income arises from both the sale and purchase of trading positions, margins which are achieved through market-making and customer

business and from changes in fair value caused by movements in interest and exchange rates, equity prices and other market variables.

Gains or losses on non-trading financial instruments designated or mandatorily at fair value with changes in fair value recognised in the

income statement are included in net trading income.

|                                                              |  2024 |  2023 |  2022 |
|                                                              |    £m |    £m |    £m |
| Net gains on financial instruments held for trading          | 4,038 | 4,257 | 6,021 |
| Net gains on financial instruments designated at fair value  |   529 |   380 |   508 |
| Net gains on financial instruments mandatorily at fair value | 1,201 | 1,308 | 1,520 |
| Net trading income                                           | 5,768 | 5,945 | 8,049 |

6 Net investment income/(expense)

Accounting for net investment income/(expense)

Dividends are recognised when the right to receive the dividend has been established. Incremental costs are reported within net

investment income if they are directly attributable to generating identifiable investment income. Other accounting policies relating to

net investment income are set out in Note 13 and Note 15.

|                                                                                                      | 2024 | 2023 | 2022 |
|                                                                                                      |   £m |   £m |   £m |
| Net gains/(losses) from financial instruments mandatorily at fair value                              |  326 |  171 |  -51 |
| Net gains/(losses) from disposal of debt instruments at fair value through other comprehensiveincome |  164 |   26 | -111 |
| Net losses from disposal of financial assets and liabilities measured at amortised cost1             | -209 |  -17 |  -18 |
| Dividend income                                                                                      |    3 |    0 |   31 |
| Net losses on other investments2                                                                     |  -68 | -119 | -285 |
| Net investment income/(expense)                                                                      |  216 |   61 | -434 |

Notes:

1 Included within the 2024 balance are losses of £ 220m on sale of the performing Italian retail mortgage portfolio.

2 Included within the 2022 balance are losses of £ 74