Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 504

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 504
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.3bn (2023: £1.0bn) withQ424 structural cost actions of £0.1bn (Q423: £0.9bn). | Total operating expenses£16.7bn2023: £16.9bn2022: £16.7bn |
| Cost: income ratioTotal operating expenses divided by totalincome. | This is a measure management uses to assess theproductivity of the business operations. Managing the costbase is a key execution priority for management andincludes a review of all categories of discretionary spendingand an analysis of how we can run the business to ensurethat costs increase at a slower rate than income.The Group cost: income ratio was62%(2023: 67%), in linewith our target of c.63%, as the Group delivered positivecost:income  jaws of 7%.2024 Group target: a cost: income ratio of c.63%.2026: targeting Group cost:income ratio of high 50s inpercentage terms.1                                                                                    | Cost: income ratio62%2023: 67%2022: 67%                   |

Note: 1 Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change.

| Strategy                              | Shareholderinformation | Climate andsustainability report | Governance | Riskreview |     | Financialreview | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 324 |
| Consolidated summary income statement |                        |                                  |            |            |     |                 |                     |     |                                            |     |

| For the year ended 31 December                  |      £m |    2024 
      £m |    2023 
      £m |    2022 
      £m |    2021 
      £m |
|:------------------------------------------------|--------:|--------:|--------:|--------:|--------:|
| Interest income                                 |  38,326 |  35,075 |  19,096 |  11,240 |  11,892 |
| Interest expense                                | -25,390 | -22,366 |  -8,524 |  -3,167 |  -3,770 |
| Net interest income                             |  12,936 |  12,709 |  10,572 |   8,073 |   8,122 |
| Fee and commission income                       |