Company: BCS
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001654954-25-001446
Chunk: 46

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 6-K
Chunk 46
---
 | Year ended 31.12.24 | Year ended 31.12.23 |
|:--------------------------------|--------------------:|--------------------:|
|                                 |                  £m |                  £m |
| Opening balance as at 1 January |              10,494 |              11,423 |
| Issuances                       |               1,870 |               1,523 |
| Redemptions                     |                -476 |              -2,239 |
| Other                           |                  33 |                -213 |
| Closing balance                 |              11,921 |              10,494 |

Issuances of £1,870m comprise £1,276m EUR 4.973% Fixed Rate Resetting Tier 2 Subordinated Callable Notes, £258m AUD 6.158% Fixed to Floating Tier 2 Subordinated Callable Notes, £257m AUD Floating Rate Tier 2 Subordinated Callable notes issued externally by Barclays PLC and £79m USD Floating Rate Notes issued externally by a Barclays subsidiary.

Redemptions of £476m comprise £372m USD 4.375% Fixed Rate Subordinated Notes issued externally by Barclays PLC,£78m USD Floating Rate Notes and £26m JPY Floating Rate Notes issued externally by a Barclays subsidiary.

Other movements predominantly comprise foreign exchange movements and fair value hedge adjustments.

#### 6.

#### Provisions
|                                                | As at 31.12.24 | As at 31.12.23 |
|                                                |             £m |             £m |
| Customer redress                               |            299 |            295 |
| Legal, competition and regulatory matters      |             59 |             99 |
| Redundancy and restructuring                   |            213 |            397 |
| Undrawn contractually committed facilities and 
 guarantees                                     |            439 |            504 |
| Onerous leases                                 |             14 |              — |
| Sundry provisions                              |            359 |            289 |
| Total                                          |          1,383 |          1,584 |

#### 7.

#### Retirement benefits
As at 31 December 2024, the Group’s IAS 19 net retirement benefit assets were £3.0bn (December 2023: £3.4bn). The UK Retirement Fund (UKRF), which is the Group’s main scheme, had an IAS 19 net surplus of £3.2bn (December 2023: £3.6bn