Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 582

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 582
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Assets at amortised cost and other investments The notes included in this section focus on the Group’s property, plant and equipment, leases and goodwill and intangible assets. Details regarding the Group’s liquidity and capital position can be found in the Treasury and Capital risk section. 19 Property, plant and equipment

Accounting for property, plant and equipment

Property, plant and equipment is stated at cost, which includes direct and incremental acquisition costs less accumulated depreciation

and provisions for impairment, if required. Subsequent costs are capitalised if these result in enhancement of the asset.

Depreciation is provided on the depreciable amount of items of property, plant and equipment on a straight-line basis over their estimated useful

economic lives. Depreciation rates, methods and the residual values underlying the calculation of depreciation of items of property, plant and equipment

are kept under review to take account of any change in circumstances including consideration on future Climate and Sustainability investments.

The Group uses the following annual rates in calculating depreciation:

| Annual rates in calculating depreciation               | Depreciation rate                    |
| Freehold land                                          | Not depreciated                      |
| Freehold buildings                                     | 2-3.3%                               |
| Leasehold property                                     | Over the remaining life of the lease |
| Costs of adaptation of freehold and leasehold property | 6-10%                                |
| Equipment installed in freehold and leasehold property | 6-10%                                |
| Computers and similar equipment                        | 17-33%                               |
| Fixtures and fittings and other equipment              | 9-20%                                |

Costs of adaptation and installed equipment are depreciated over the shorter of the life of the lease or the depreciation rates noted in

the table above.

Investment property

The Group initially recognises investment property at cost, and subsequently at fair value at each balance sheet date, reflecting market

conditions at the reporting date. Gains and losses on remeasurement are included in the income statement.

|                                         | Investmentproperty | Property | Equipment | Right of useassets1 |  Total |
|                                         |                 £m |       £m |        £m |                  £m |     £m |
| Cost                                    |                    |          |           |                     |        |
| As at 1 January 2024                    |                  2 |    3,578 |     2,347 |               2,002 |  7,929 |
| Additions                               |