Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 562

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 562
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 the cumulative gain or loss that was recognised in equity is

immediately transferred to the income statement.

Hedges of net investments

The Group’s net investments in foreign operations, including monetary items accounted for as part of the net investment, are hedged

for foreign currency risks using both derivatives and foreign currency borrowings. Hedges of net investments are accounted for

similarly to cash flow hedges; the effective portion of the gain or loss on the hedging instrument is being recognised directly in other

comprehensive income and the ineffective portion being recognised immediately in the income statement. The cumulative gain or loss

recognised in other comprehensive income is recognised in the income statement on the disposal or partial disposal of the foreign

operation, or other reductions in the Group’s investment in the operatio n.

| Total derivatives                                             |                         |            |             |                         |            |          |
|                                                               |                    2024 |            |             |                    2023 |            |          |
|                                                               | Notional contractamount | Fair value |             | Notional contractamount | Fair value |          |
| Assets                                                        |             Liabilities |     Assets | Liabilities |                         |            |          |
|                                                               |                      £m |         £m |          £m |                      £m |         £m |       £m |
| Total derivative assets/(liabilities) held for trading        |              84,125,071 |    290,991 |    -278,595 |              64,993,491 |    254,643 | -249,458 |
| Total derivative assets/(liabilities) held for riskmanagement |                 310,376 |      2,539 |        -820 |                 299,576 |      2,193 |     -586 |
| Derivative assets/(liabilities)                               |              84,435,447 |    293,530 |    -279,415 |              65,293,067 |    256,836 | -250,044 |

Further information on netting arrangements of derivative financial instruments can be found within Note 18.

The fair values and notional amounts of derivative instruments held for trading and held for risk management are set out in the following

table:

| Strategy                                      | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 386 |
| Notes to the financial statements (continued