Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 539

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 539
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. Syndication fees are earned for arranging and administering a loan syndication; however, the associated fee may be subject to variability until the loan has been syndicated to other syndicate members or until other contingencies have been resolved and therefore the fee revenue is deferred until the uncertainty is resolved. Included in the underwriting and syndication fees are loan commitment fees, when the drawdown is not probable. Such commitment fees are recognised over time through to the contractual maturity of the commitment. Contract assets and contract liabilities The Group had no material contract assets or contract liabilities as at 31 December 2024 ( 2023 : £ nil ; 2022 : £ nil ). Impairment of fee receivables and contract assets During 2024 , there have been no material impairments recognised in relation to fees receivable and contract assets ( 2023 : £ nil ; 2022 : £ nil ). Fees in relation to transactional business can be added to outstanding customer balances. These amounts may be subsequently impaired as part of the overall loans and advances balance. Remaining performance obligations The Group applies the practical expedient of IFRS 15 and does not disclose information about remaining performance obligations that have original expected durations of one year or less or because the Group has a right to consideration that corresponds directly with the value of the service provided to the client or customer . Costs incurred in obtaining or fulfilling a contract The Group expects that incremental costs of obtaining a contract such as success fee and commission fees paid are recoverable and therefore capitalises such contract costs. Capitalised contract costs net of amortisation as at 31 December 2024 are £ 122m ( 2023 : £ 217m ; 2022 : £ 198m ). Capitalised contract costs are amortised over the customer relationship period depending on the transfer of services to which the asset pertains. In 2024 , the amount of amortisation was £ 62m ( 2023 : £ 55m ; 2022 : £ 47m ) and there was no impairment loss recognised in connection with the capitalised contract costs ( 2023 : £ nil ; 2022 : £ nil ).

5 Net trading income

Accounting for net trading income

Trading positions are held at fair value, and the resulting gains and losses are included in net trading income, together with interest and

dividends arising from long and short positions and funding costs relating to trading activities. Incremental costs are reported within net

trading income if they are directly attributable to generating