Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 559

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 559
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 | -58,669 |

13 Financial assets at fair value through the income statement

Accounting for financial assets designated at fair value

Financial assets, other than those held for trading, are classified in this category if they are so irrevocably designated at inception and

the use of the designation removes or significantly reduces an accounting mismatch.

Subsequent changes in fair value for these instruments are recognised in the income statement in net investment income, except if

reporting it in trading income reduces an accounting mismatch.

The details on how the fair value amounts are derived for financial assets at fair value are described in Note 17.

Accounting for financial assets mandatorily at fair value

Financial assets that are held for trading are recognised at fair value through profit or loss. In addition, financial assets are held at fair

value through profit or loss if they do not contain contractual terms that give rise on specified dates to cash flows that are SPPI, or if the

financial asset is not held in a business model that is either (i) a business model to collect the contractual cash flows or (ii) a business

model that is achieved by both collecting contractual cash flows and selling.

|                                                                | Mandatorily at fair value |         | Designated at fair value |       |   Total |         |
|                                                                |                      2024 |    2023 |                     2024 |  2023 |    2024 |    2023 |
|                                                                |                        £m |      £m |                       £m |    £m |      £m |      £m |
| Loans and advances                                             |                    42,487 |  44,557 |                    2,581 | 3,082 |  45,068 |  47,639 |
| Debt securities                                                |                     2,783 |   2,456 |                      182 |   130 |   2,965 |   2,586 |
| Equity securities                                              |                     3,818 |   7,185 |                        — |     — |   3,818 |   7,185 |
| Reverse repurchase agreements and othersimilar secured lending |                   141,773 | 149,131 |                        — |     — | 141,773 | 149,131 |
| Other financial assets                                         |                       110 |     110 |                        — |     — |     110 |     110 |
| Financial assets at fair value through theincome statement