Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 592

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 592
---
 |                                       £m |
| Personal Banking           |           7,702 |    3,064 |         691 |         11,457 |       13,107 |                                    1,650 |                                    2,361 |
| Business Banking           |           1,940 |      629 |         199 |          2,768 |        5,965 |                                    3,197 |                                    3,286 |
| Barclaycard Consumer UK    |           1,891 |      179 |         142 |          2,212 |        2,487 |                                      275 |                                       26 |
| Barclays US Consumer Bank1 |           2,763 |      415 |         517 |          3,695 |        4,175 |                                      480 |                                    1,175 |
| Total                      |          14,296 |    4,287 |       1,549 |         20,132 |       25,734 |                                    5,602 |                                    6,848 |

Note:

1 The 2023 comparatives are represented to align to the segmental reporting under the new operating divisions announced as part of the 20 February 2024 Investor Update.

All CGUs with exception of Barclays UK Corporate Bank and Barclaycard Consumer UK have seen a reduction in value in use in the period

which is mainly attributable to the increase in the discount rates.

Sensitivity of key judgements

The CGUs are sensitive to possible adverse changes in the key assumptions that support the recoverable amount:

Cash flows: The medium-term plans used to determine the cash flows used in the VIU calculation rely on macroeconomic forecasts,

including interest rates, GDP and unemployment, and forecast levels of market and client activity. Interest rate assumptions impact

planned cash flows from both customer income and structural hedge contributions and therefore cash flow expectations are highly

sensitive to movements in the yield curve. The cash flows also contain assumptions with regard to the prudential and financial conduct

regulatory environment which may be subject to change. Given the current level of economic uncertainty, a 10% reduction in cash flows

has been provided to show the sensitivity of the outcome to a change in these key assumptions.

Discount rate: The discount rate should reflect the market risk-free rate adjusted for the inherent risks of the business it is applied to.

Management have identified discount rates for comparable businesses and consider these to be a reasonable estimate of a suitable