Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 507

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 507
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 increased by £ 11.0 bn to £ 119.8 bn. Total liabilities Total liabilities increased £ 40.1 bn to £ 1,445.7 bn. Deposits at amortised cost to banks and customers increased £21.9bn to £560.7bn driven by deposit growth in International Corporate Bank and Private Bank and Wealth Management. Derivative financial instrument liabilities increased £ 29.4 bn to £ 279.4 bn. In addition to increased client activity, increased mark-to- market on FX derivatives was driven by USD appreciation in Q424, partially offset by a reduction in interest rate derivatives due to an increase in the USD and GBP forward rate curves. Cash collateral and settlement balances increased by £12.1bn to £106.2bn. Trading portfolio liabilities decreased £ 1.8 bn to £ 56.9 bn and Financial liabilities designated at fair value decreased £ 15.3 bn to £ 282.2 bn driven by balance sheet efficiencies and increased netting opportunities. Total shareholders’ equity Total shareholders’ equity increased £0.6bn to £72.5bn . Retained earnings increased £2.3bn to £56bn , mainly due to profits of £5.3bn , offset by share repurchases of £1.8bn and dividends of £1.2bn . Other equity instruments decreased £1.2bn to £12.1bn , due to two redemptions ( £1.3bn and $2.0bn ) partially offset by issuance of two AT1 instruments ( £1.3bn and SGD 0.6bn ) . AT1 securities are perpetual subordinated contingent convertible securities structured to qualify as AT1 instruments under prevailing capital rules applicable as at the relevant issue date. Other reserves decreased by £0.4bn , due to an increase in the cumulative loss in the own credit reserve of £0.8bn to a £1.1bn loss which principally reflects the tightening of credit spreads and an increase in the cumulative loss in fair value through other comprehensive income reserve of £0.5bn to a £1.9bn loss, driven by a decrease in EUR asset swap spreads, partially offset by a gain in the cash flow hedging reserve of £0.8bn to a £2.9bn accumulated loss driven by accumulated losses transferred to the income statement offset by a loss from fair value movements on interest rate swaps as major interest rate forward curves increased. Net asset value per share increased to 414