Property, plant and equipment

Accounting for property, plant and equipment

Property, plant and equipment is stated at cost, which includes direct and incremental acquisition costs less accumulated

depreciation and provisions for impairment, if required. Subsequent costs are capitalised if these result in enhancement of

Depreciation is provided on the depreciable amount of items of property, plant and equipment on a straight-line basis over

their estimated useful economic lives. Depreciation rates, methods and the residual values underlying the calculation of

depreciation of items of property, plant and equipment are kept under review to take account of any change in

circumstances including consideration on future Climate and Sustainability investments.

The Barclays Bank Group and Barclays Bank PLC use the following annual rates in calculating depreciation:


Annual rates in calculating depreciation	Depreciation rate
Freehold land	Not depreciated
Freehold buildings	2%-3.3%
Leasehold property	Over the remaining life of the lease
Costs of adaptation of freehold and leasehold property	6%-10%
Equipment installed in freehold and leasehold property	6%-10%
Computers and similar equipment	17%-33%
Fixtures and fittings and other equipment	9%-20%

Costs of adaptation and installed equipment are depreciated over the shorter of the life of the lease or the depreciation rates

noted in the table above.

The Barclays Bank Group and Barclays Bank PLC initially recognises investment property at cost, and subsequently at fair

value at each balance sheet date, reflecting market conditions at the reporting date. Gains and losses on remeasurement are

included in the income statement.


	Barclays Bank Group
	Investment property	Property	Equipment	Right of use assets1	Total
	£m	£m	£m	£m	£m
Cost
As at 1 January 2025	9	1,624	938	1,043	3,614
Additions	33	59	84	99	275
Disposals2	—	(5)	(20)	(35)	(60)
Exchange and other movements3	1	(98)	(58)	21	(134)
As at 31 December 2025	43	1,580	944	1,128	3,695
Accumulated depreciation and impairment
As at 1 January 2025	—	(813)	(725)	(530)	(2,068)
Depreciation charge4	—	(43)	(72)	(47)	(162)
Impairment charge4	—	(2)		(6)	(8)
Disposals2	—	5	20	29	54
Exchange and other movements3	—	44	41	7	92
As at 31 December 2025	—	(809)	(736)	(547)	(2,092)
Net book value	43	771	208	581	1,603
Cost
As at 1 January 2024	2	1,540	942	803	3,287
Additions	9	70	58	12	149
Disposals2	(2)	(14)	(47)	(9)	(72)
Exchange and other movements	—	28	(15)	237	250
As at 31 December 2024	9	1,624	938	1,043	3,614
Accumulated depreciation and impairment
As at 1 January 2024	—	(778)	(690)	(557)	(2,025)
Depreciation charge4	—	(42)	(73)	(51)	(166)
Impairment charge4	—	—	—	0	0
Disposals2	—	14	40	9	63
Exchange and other movements	—	(7)	(2)	69	60
As at 31 December 2024	—	(813)	(725)	(530)	(2,068)
Net book value	9	811	213	513	1,546

1Right of use (ROU) asset balances relate to Property Leases accounted in accordance with IFRS 16. Refer to Note 19 for further details

2Disposals pertain to fully depreciated assets which are not in use

3 Exchange and other movements in Right of use (ROU) asset balances include modification related to a lease extension by ~91 years.

4 Depreciation and impairment charge is part of Infrastructure, administration and general expenses shown under Note 7

The fair value of investment property is determined by reference to current market prices for similar properties, adjusted as

necessary for condition and location, or by reference to recent transactions updated to reflect current economic conditions.

Discounted cash flow techniques may be employed to calculate fair value where there have been no recent transactions,

using current external market inputs such as market rents and interest rates. Valuations are carried out by management

with the support of appropriately qualified independent valuers.