Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 653

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 653
---
 £m |
| Assets                                             |                                                            |
| Cash and balances at central banks                 |                                                        337 |
| Cash and collateral and settlement balances        |                                                         50 |
| Loans and advances at amortised cost to customers2 |                                                      8,085 |
| Of which:                                          |                                                            |
| Credit card receivables                            |                                                      4,051 |
| Unsecured loan receivables                         |                                                      4,034 |
| Loans and advances at amortised cost to banks      |                                                         70 |
| Derivative financial instruments                   |                                                         20 |
| Goodwill and intangible assets3                    |                                                         83 |
| Property, plant and equipment                      |                                                         21 |
| Other assets                                       |                                                        132 |
| Total assets                                       |                                                      8,798 |
|                                                    |                                                          — |
| Liabilities                                        |                                                            |
| Deposits at amortised cost from customers          |                                                     -6,923 |
| Debt securities in issue                           |                                                       -554 |
| Other liabilities                                  |                                                        -83 |
| Provisions                                         |                                                        -65 |
| Total liabilities                                  |                                                     -7,625 |

Notes:

1 This financial information represents the acquisition of the retail banking business of Tesco Bank by the Barclays Bank UK Group as at the acquisition date

1 November 2024.

2 Loans and advances at amortised cost acquired includes total credit cards and unsecured loan receivables of £ 8,085 m, recognised initially at fair value at the point of acquisition and

subsequently measured at amortised cost. This represents a gross contractual amount receivable of £ 8,634 m comprising credit cards receivables of £ 4,323 m and unsecured loan

receivables of £ 4,311 m. After acquisition an expected credit loss allowance of £ 209 m has been recognised, comprising £ 133 m on credit cards receivables and £ 76 m on unsecured loan

receivables along with the associated impairment expense.

3 Intangible assets include £ 66 m of Purchased Credit Cards Receivables (PCCR) a n d £ 17 m of Core Deposit Intangibles (CDI).

The Barclays Bank UK Group has accounted for the acquisition of Tesco Bank as a business combination using the acquisition method.

Consequently, the Barclays Bank UK Group recognised at fair value all identifiable assets, including those not currently on the Tesco

Bank balance sheet, and assumed liabilities of Tesco Bank, and the Retail Bank Assets and