Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 555

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 555
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91 |
|                                        |                        1,153 |                                        571 |           1,477 |                         -976 |                     628 |         85 |                                         449 |                       803 |                    1,748 |  5,938 |
| Assets                                 |                        1,277 |                                        571 |           1,477 |                           38 |                     628 |         85 |                                         449 |                     1,146 |                    1,748 |  7,419 |
| Liabilities                            |                         -124 |                                          — |               — |                       -1,014 |                       — |          — |                                           — |                      -343 |                        — | -1,481 |
| As at 31 December 2023                 |                        1,153 |                                        571 |           1,477 |                         -976 |                     628 |         85 |                                         449 |                       803 |                    1,748 |  5,938 |

Other movements include the impact of changes in foreign exchange rates as well as deferred tax amounts relating to acquisitions and

disposals.

The amount of deferred tax assets expected to be recovered after more than 12 months is £ 6,663 m ( 2023 : £ 5,325m ). The amount of

deferred tax liability expected to be settled after more than 12 months is £ 1,044 m ( 2023 : £ 1,173m ). These amounts are before

offsetting asset and liability balances where there is a legal right to set-off and an intention to settle on a net basis.

Unrecognised deferred tax

Tax losses and temporary differences

Deferred tax assets have not been recognised in respect of gross deductible temporary differences of £ 373 m ( 2023 : £ 527 m), unused

tax credits of £ 359 m ( 2023 : £ 381 m), and gross tax losses of £ 21,295 m ( 2023 : £ 21,681 m). The tax losses include capital losses of

£ 3,903 m ( 2023 : £ 3,965 m). Of these tax losses, £ 13 m ( 2023 : £ 79 m) expire within five years, £ 6 m ( 2023 : £ 13m ) expire within six to ten

years, £ 11,789 m ( 2023 : £ 10,504m ) expire within eleven