Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 595

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 595
---
 299 |                                      59 |    14 |              359 |   944 |
| Undrawn contractually committed facilities andguarantees2       |                             |                  |                                         |       |                  |       |
| As at 1 January 2024                                            |                             |                  |                                         |       |                  |   504 |
| Net change in expected credit loss provision andother movements |                             |                  |                                         |       |                  |   -65 |
| As at 31 December 2024                                          |                             |                  |                                         |       |                  |   439 |
| Total provisions                                                |                             |                  |                                         |       |                  |       |
| As at 1 January 2024                                            |                             |                  |                                         |       |                  | 1,584 |
| As at 31 December 2024                                          |                             |                  |                                         |       |                  | 1,383 |

Notes:

1 Inc lude d within Exchange and other movements is an amount of £ 62 m related to indemnified provisions arising from the acquisition of Tesco Bank. Further details regarding the nature

of these indemnities are disclosed in Note 41 - Business Acquisitions.

2 Undrawn contractually committed facilities and guarantees provisions are accounted for under IFRS 9 . Further analysis of the movement in the expected credit loss provision is

disclosed within the 'Movement in gross exposures and impairment allowance including provisions for loan commitments and financial guarantees' table on page 238 .

Provisions expected to be recovered or settled within no more than 12 months after 31 December 2024 were £ 1,192m ( 2023 :

£ 1,357m ).

| Strategy                                                           | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 412 |
| Notes to the financial statements (continued)                      |                        |                                  |            |            |                 |     |                     |     |                                            |     |
| Accruals, provisions, contingent liabilities and legal proceedings |                        |                                  |            |            |                 |     |                     |     |                                            |     |

Redundancy and restructuring These provisions comprise the estimated cost of restructuring, including redundancy costs where an obligation exists. For example, when the Group has a detailed formal plan for restructuring a business and has raised valid expectations in those affected by the restructuring by announcing its main features or starting