Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 651

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 651
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 in disposal groups classified as held for sale      |       |       |
| Loans and advances to customers                                     | 9,544 | 3,855 |
| Intangible assets                                                   |    25 |    15 |
| Property, plant and equipment                                       |    24 |    24 |
| Other assets                                                        |   260 |    22 |
| Total assets classified as held for sale                            | 9,854 | 3,916 |
| Liabilities included in disposal groups classified as held for sale |       |       |
| Deposits from customers                                             | 3,647 | 3,077 |
| Other liabilities                                                   |    77 |    83 |
| Provisions                                                          |     2 |     4 |
| Total liabilities classified as held for sale                       | 3,726 | 3,164 |
| Net assets classified as held for sale                              | 6,128 |   752 |

41 Business acquisitions Accounting for business acquisitions IFRS 3 establishes principles and requirements for how an acquirer in a business combination: • recognises and measures in its financial statements the assets and liabilities acquired, and any interest in the acquiree held by other parties; • recognises and measures the goodwill acquired in the business combination or a gain from a bargain purchase; and • determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination. In accordance with IFRS 3, a business consists of inputs and processes applied to those inputs that have the ability to contribute to the creation of outputs. The core principles in IFRS 3 are that an acquirer measures the cost of the acquisition at the fair value of the consideration paid; allocates that cost to the acquired identifiable assets and liabilities on the basis of their fair values; allocates the rest of the cost to goodwill; and recognises any excess of acquired assets and liabilities over the consideration paid (a ‘bargain purchase’) in profit or loss immediately. The acquirer discloses information that enables users to evaluate the nature and financial effects of the acquisition. Acquisition On 1 November 2024, Barclays Bank UK PLC completed the acquisition of Tesco Bank . The acquired business includes credit cards, unsecured personal loans, deposits and the operating infrastructure (Retail Bank Assets and Liabilities), along with the transfer of c. 2,600 employees . The acquisition also includes assets, liabilities, and responsibilities related to a credit card securitisation originated under the