Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 548

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 548
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 of the work-out process. The level of the impairment

allowance is the difference between the value of the discounted expected future cash flows (discounted at the loan’s original effective interest

rate), and its carrying amount. Furthermore, judgements change with time as new information becomes available or as work-out strategies

evolve, resulting in frequent revisions to the impairment allowance as individual decisions are taken. Changes in these estimates would result in a

change in the allowances and have a direct impact on the impairment charge.

Further information on impairment allowances, impairment charges, management adjustments to models for impairment, measurement

uncertainty, sensitivity analysis and related credit information is set out within the Credit risk performance section.

Temporary adjustments to calculated IFRS 9 impairment allowances may be applied in limited circumstances to account for situations where

known or expected risk factors or information have not been considered in the ECL assessment or modelling process. For further information

please see page 248 in the Credit risk performance section.

Information about the potential impact of the physical and transition risks of climate change on borrowers is considered, taking into account

reasonable and supportable information to make accounting judgements and estimates. Climate change is inherently of a long-term nature,

with significant levels of uncertainty, and consequently requires judgement in determining the possible impact in the next financial year, if any.

|                                                                    |                         2024 |                               |          |                         2023 |                               |       |                         2022 |                               |       |
|                                                                    | Impairmentcharges/(releases) | Recoveries andreimbursements1 | Total2,3 | Impairmentcharges/(releases) | Recoveries andreimbursements1 | Total | Impairmentcharges/(releases) | Recoveries andreimbursements1 | Total |
|                                                                    |                           £m |                            £m |       £m |                           £m |                            £m |    £m |                           £m |                            £m |    £m |
| Loans and advances at amortised cost4                              |                        2,115 |                           -94 |    2,021 |                        2,017 |                           -73 | 1,944 |                        1,428 |                          -263 | 1,165 |
| Off-balance sheet loancommitments and financialguarantee contracts |                          -46 |                             — |      -46 |                          -61 |                             — |   -61 |                           18 |                             — |    18 |
| Total                                                              |