Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 48

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 48
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 of £78m). The unrealised loss of £536m was primarily due to a decrease in EUR asset swap spreads.**

#### Cash flow hedging reserve
The cash flow hedging reserve represents the cumulative gains and losses on effective cash flow hedging instruments that will be recycled to the income statement when the hedged transactions affect profit or loss.

As at 31 December 2024, there was a cumulative loss of £2,930m (December 2023: £3,707m loss) in the cash flow hedging reserve. The £777m gain in the period (2023: £3,528m gain) is driven by £1,831m of accumulated losses transferred to the income statement (2023: £1,750m losses), partially offset by £773m loss (2023: £3,120m gain) from fair value movements on interest rate swaps as major interest rate forward curves increased (2023: decreased) and a tax charge of £281m (2023: tax charge of £1,342m).

#### Own credit reserve
The own credit reserve reflects the cumulative own credit gains and losses on financial liabilities at fair value. Amounts in the own credit reserve are not recycled to profit or loss in future periods.

As at 31 December 2024 there was a cumulative loss of £1,059m (December 2023: £240m loss) in the own credit reserve, the loss of £819m during the period (2023: loss of £707m) principally reflects a £1,131m loss (2023: loss of £983m) from the tightening of credit spreads partially offset by tax credit of £309m (2023: tax credit of £273m).

#### Other reserves and treasury shares
Other reserves relate to redeemed ordinary and preference shares issued by the Group. Treasury shares relate to Barclays PLC shares held principally in relation to the Group’s various share schemes.

As at 31 December 2024, there was a cumulative gain of £1,769m (December 2023: £1,565m gain). This principally reflects an increase of £205m (December 2023: increase of £209m) due to the repurchase of 818m shares (December 2023: 837m) as part of the share buybacks conducted in 2024 offset by £1m loss (December 2023: £8m loss) on account of increase in treasury shares balance held in