Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 270

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 270
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. Performance against each Executive Director's Personal objectives (15% weighting) for 2024 was assessed on an individual basis. The outcome for each of the Financial measures would be 0% for performance below threshold, and then was determined on a straight-line basis, between a 25% outcome for threshold performance and 100% for achievement of maximum performance. A summary of the assessment is provided in the following table. 2024 annual bonus outcomes Measures Weighting Threshold Maximum 2024 actual Outcome C.S. Venkatakrishnan Anna Cross Profit before tax (excluding material items), with CET1 ratio underpin 50% &pound;7.0bn &pound;9.0bn See footnote 1 40.1% 40.1% Total operating expenses3 (excluding material items) 10% &pound;16.9bn &pound;16.2bn See footnote 2 9.4% 9.4% Strategic non-financial 25% Performance against strategic measures, organised around four main categories: Customers & clients, Colleagues, Climate & sustainability, and Risk & operational excellence 17.5% 17.5% Personal 15% Individual performance against each of the Executive Director's personal objectives, assessed by the Committee 14.0% 13.5% Total 81.0% 80.5% Final 2024 annual bonus outcome approved by the Committee 81.0% 80.5% Note: 1 Profit before tax of &pound;8.471bn; which excludes material items: 2024 structural cost actions of &pound;273m and &pound;90m provision in respect of the FCA motor finance review. The latter relates to historical activity that neither Executive Director was directly involved with given their roles at the time. C.S. Venkatakrishnan was the Chief Risk Officer when the decision was taken to exit the business in 2019. 2 Total operating expenses of &pound;16.255bn; which excludes material items: 2024 structural cost actions of &pound;273m, &pound;90 provision in respect of the FCA motor finance review and the impact of the Bank of England (BoE) levy of &pound;93m. The replacement by the BoE of the Cash Ratio Deposit scheme with the BoE levy moved this charge from negative income to an annual operating expense. This was not included