Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 566

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 566
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9, financial liabilities may be designated at fair value, with gains and losses taken to the income statement within

net trading income (Note 5) and net investment income (Note 6). Movements in own credit are reported through other comprehensive

income, unless the effects of changes in the liability's credit risk would create or enlarge an accounting mismatch in P&L. In these

scenarios, all gains and losses on that liability (including the effects of changes in the credit risk of the liability) are presented in P&L. On

derecognition of the financial liability no amount relating to own credit risk is recycled to the income statement. The Group has the

ability to make the fair value designation when holding the instruments at fair value reduces an accounting mismatch (caused by an

offsetting liability or asset being held at fair value), or is managed by the Group on the basis of its fair value, or includes terms that have

substantive derivative characteristics (Note 14).

The details on how the fair value amounts are arrived at for financial liabilities designated at fair value are described in Note 17.

|                                                           |       2024 |                                  |       2023 |                                  |
|                                                           | Fair value | Contractualamount dueon maturity | Fair value | Contractualamount dueon maturity |
|                                                           |         £m |                               £m |         £m |                               £m |
| Debt securities                                           |     80,218 |                           96,316 |     68,261 |                           82,820 |
| Deposits                                                  |     46,383 |                           48,201 |     43,552 |                           44,862 |
| Repurchase agreements and other similar secured borrowing |    155,606 |                          156,180 |    185,716 |                          186,593 |
| Other financial liabilities                               |         17 |                               17 |         10 |                               10 |
| Financial liabilities designated at fair value            |    282,224 |                          300,714 |    297,539 |                          314,285 |

The cumulative own credit net loss recognised is £ 1,434 m (2023: £ 307m loss).

| Strategy                                      | Shareholderinformation | Climate andsustainability report | Governance | Riskreview | Financialreview |     | Financialstatements |     | Barclays PLC 2024Annual Reporton Form 20-F | 393 |
| Notes to the financial statements (continued) |