Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 591

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 591
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 terminal growth rates applied. The terminal growth rate used is 2.0% ( 2023 : 2.0% ).

| Strategy                                       | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 410 |
| Notes to the financial statements (continued)  |                        |                                  |            |            |                 |     |                     |     |                                            |     |
| Assets at amortised cost and other investments |                        |                                  |            |            |                 |     |                     |     |                                            |     |

Outcome of goodwill and intangibles review

The Personal Banking and Business Banking CGUs carry the majority of the Group’s goodwill balance, predominantly as a consequence

of the Woolwich acquisition. The goodwill within Personal Banking was £ 3,064 m ( 2023 : £ 3,064m ), of which £ 2,501m ( 2023 : £ 2,501m )

was attributable to Woolwich, and within Business Banking was £ 629m ( 2023 : £ 629m ), fully attributable to Woolwich.

The largest portion of the Group's intangible assets sits within the Barclays Investment Bank CGU , with an allocation of £ 1,902 m

(2023: £ 1,274 m).

The recoverable amount for both Personal Banking and Business Banking have decreased in comparison to the 2023 impairment

review, reflective of changes in the interest rate and macroec onomic outlook.

Based on management's plans and assumptions the value in use exceeds the carrying value of the CGUs and no impairment has been

indicated in 2024. In 2023, an impairment of £ 33 m of goodwill and £ 257m of intangible assets was i dentified and recognised for the

year, fully impairing the goodwill and intangibles of the Merchant Acquiring CGU.

The outcome of the impairment review for Personal Banking, Business Banking, Barclaycard Consumer UK and Barclays US Consumer

Bank are set out below:

| Cash generating unit       | Tangible equity | Goodwill | Intangibles | Carrying value | Value in use | Value in useexceeding carryingvalue 2024 | Value in useexceeding carryingvalue 2023 |
|                            |              £m |       £m |          £m |             £m |           £m |                                       £m