Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 533

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 533
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- implementation review. The amendments include: • additional guidance to clarify when certain financial assets may be compliant with SPPI requirements, including instruments with contingent features (e.g. ESG-linked financing), as well as contractually-linked instruments and non-recourse financing. • clarifying the derecognition requirements for financial assets and financial liabilities, including establishing a new accounting policy choice for derecognition of a financial liability when a payment is initiated by the reporting entity using an electronic payment system provided specified criteria is met . The amendments are effective from 1 January 2026, but are not yet endorsed for use in the UK. The Group is currently assessing the impact of these amendments. IFRS 18 Presentation and Disclosure in Financial Statements In August 2024, the IASB issued a new IFRS Accounting Standard to replace IAS 1 Presentation of Financial Statements . The new standard creates detailed requirements for the classification and aggregation of income and expenses in the income statement, and disclosure requirements for management-defined performance measures. The new standard is effective from 1 January 2027, but has not yet been endorsed for use in the UK. The Group is currently assessing the impact of these amendments . Amendments to IAS 21 - Lack of Exchangeability In August 2023, the IASB issued amendments to IAS 21 to define when a currency is exchangeable into another currency and, when it is not, to determine the exchange rate to use. The amendments are effective from 1 January 2025, however the impact to the Group is not expected to be material.

6. Critical accounting estimates and judgements

The preparation of financial statements in accordance with IFRS requires the use of estimates. It also requires management to exercise

judgement in applying the accounting policies. The key areas involving a higher degree of judgement or complexity or areas where

assumptions are significant to the consolidated and individual financial statements are highlighted under the relevant note.

|                                                                          | Judgements                                                                                                          | Estimates                                                                                                                                                                    | Further information |
| Credit impairment charges                                                | Identification and  application ofmanagement adjustments in response tocircumstances outside the scope of themodel. | Estimates include modelling assumptionssuch as forward-looking modelledparameters (PD, EAD  & LGD), and a range ofunbiased future economic scenarios andscenario weightings. | on page377          |
| Tax                                                                      | Recognition of deferred tax assets anddetermination of provisions for uncertain taxpositions.                       | Measurement of deferred tax balances andthe level of provisioning for uncertain