Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 565

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 565
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information | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 392 |
| Notes to the financial statements (continued) |                        |                                  |            |            |                 |     |                     |     |                                            |     |
| Assets and liabilities held at fair value     |                        |                                  |            |            |                 |     |                     |     |                                            |     |

15 Financial assets at fair value through other comprehensive income

Accounting for financial assets at fair value through other comprehensive income (FVOCI)

Financial assets that are debt instruments held in a business model that is achieved by both collecting contractual cash flows and selling

and that contain contractual terms that give rise on specified dates to cash flows that are SPPI are measured at FVOCI. They are

subsequently remeasured at fair value and changes therein (except for those relating to impairment, interest income and foreign

currency exchange gains and losses) are recognised in other comprehensive income until the assets are sold. Interest (calculated using

the effective interest method) is recognised in the income statement in net interest income (Note 3). Upon disposal, the cumulative

gain or loss recognised in other comprehensive income is included in net investment income (Note 6).

In determining whether the business model is achieved by both collecting contractual cash flows and selling financial assets, it is

determined that both collecting contractual cash flows and selling financial assets are integral to achieving the objective of the business

model. The Group will consider past sales and expectations about future sales to establish if the business model is achieved.

For equity securities that are not held for trading, the Group may make an irrevocable election on initial recognition to present

subsequent changes in the fair value of the instrument in other comprehensive income (except for dividend income which is recognised

in profit or loss).

|                                                                   |   2024 |   2023 |
|                                                                   |     £m |     £m |
| Debt securities and other eligible bills                          | 74,772 | 71,059 |
| Equity securities                                                 |      4 |      6 |
| Loans and advances                                                |  3,283 |    771 |
| Financial assets at fair value through other comprehensive income | 78,059 | 71,836 |

16 Financial liabilities designated at fair value

Accounting for liabilities designated at fair value through profit and loss

In accordance with IFRS