Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 639

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 639
---
 Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 436 |
| Notes to the financial statements (continued) |                        |                                  |            |            |                 |     |                     |     |                                            |     |
| Scope of consolidation                        |                        |                                  |            |            |                 |     |                     |     |                                            |     |

35 Investments in associates and joint ventures

Accounting for associates and joint ventures

The equity accounted associates include the Group's investment in the Business Growth Fund £ 678 m 2023 : £ 648 m) which has

in creased due to a fair value gain in its investments by £ 30 m ( 2023 : £ ( 10) m). The j oint ventures held at fair value through profit or loss

has decreased to £ 171 m ( 2023 : £ 516 m) majorly due to disposal of holdings.

|                                           |       2024 |                |       |       2023 |                |       |
|                                           | Associates | Joint ventures | Total | Associates | Joint ventures | Total |
|                                           |         £m |             £m |    £m |         £m |             £m |    £m |
| Equity accounted                          |        692 |            199 |   891 |        670 |            209 |   879 |
| Held at fair value through profit or loss |          — |            171 |   171 |          — |            516 |   516 |
| Total                                     |        692 |            370 | 1,062 |        670 |            725 | 1,395 |

Summarised financial information for the Group’s equity accounted associates and joint ventures is set out below. The amounts shown

are the Group’s share of the net income of the investees for the year ended 31 December 2024, with the exception of certain

undertakings for which the amounts are based on accounts made up to dates not earlier than three months before the balance sheet

date.

|                                                              | Associates |      |      | Joint ventures |      |      |
|                                                              |       2024 | 2023 | 2022 |           2024 | 2023 | 2022 |
|                                                              |         £m |   £m |   £m |             £m |   £m |   £m |
| Profit/(loss) from continuing operations                     |