Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 594

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 594
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 consequences of past events where it is more likely than not that a transfer

of economic benefit will be necessary to settle the obligation, which can be reliably estimated.

Critical accounting estimates and judgements

The financial reporting of provisions involves a significant degree of judgement and is complex. Identifying whether a present obligation

exists and estimating the probability, timing, nature and quantum of the outflows that may arise from past events requires judgements

to be made based on the specific facts and circumstances relating to individual events and often requires specialist professional advice.

When matters are at an early stage, accounting judgements and estimates can be difficult because of the high degree of uncertainty

involved. Management continues to monitor matters as they develop to re-evaluate on an ongoing basis whether provisions should be

recognised, however there can remain a wide range of possible outcomes and uncertainties, particularly in relation to legal, competition

and regulatory matters, and as a result it is often not practicable to make meaningful estimates even when matters are at a more

advanced stage.

The amount that is recognised as a provision can also be very sensitive to the assumptions made in calculating it. This gives rise to a

large range of potential outcomes which require judgement in determining an appropriate provision level. See Note 25 for more detail of

legal, competition and regulatory matters .

|                                                                 |                             |                  | Legal, competitionand regulatorymatters |       | Sundryprovisions |       |
|                                                                 | Redundancy andrestructuring | Customer redress |                          Onerous leases | Total |                  |       |
|                                                                 |                          £m |               £m |                                      £m |    £m |               £m |    £m |
| As at 1 January 2024                                            |                         397 |              295 |                                      99 |     — |              289 | 1,080 |
| Additions                                                       |                         317 |              121 |                                     106 |    14 |              144 |   702 |
| Amounts utilised                                                |                        -405 |             -162 |                                    -132 |     — |              -50 |  -749 |
| Unused amounts reversed                                         |                         -95 |              -20 |                                     -15 |     — |              -53 |  -183 |
| Exchange and other movements1                                   |                          -1 |               65 |                                       1 |     — |               29 |    94 |
| As at 31 December 2024                                          |                         213 |