Banco Santander (Brasil) S.A.

Consolidated Financial Statements

Prepared in accordance with International Financial Reporting

Standards - IFRS

December 31, 2020

BANCO SANTANDER (BRASIL) S.A. CONSOLIDATED FINANCIAL STATEMENTS

INDEX

Pág.

Report of independent registered public accounting firm....................................................................................................................................................... 3

Consolidated Balance Sheets ................................................................................................................................................................................................. 9

Consolidated Income Statements ......................................................................................................................................................................................... 11

Consolidated Statements of Comprehensive Income ............................................................................................................................................................ 13

Consolidated Statements of Changes in Stockholders' Equity ............................................................................................................................................... 14

Consolidated Cash Flow Statements ..................................................................................................................................................................................... 17

  • 1. Introduction, basis of presentation of the consolidated financial statements and other information ............................................................................ 19

  • 2. Accounting policies and method of measurement ..................................................................................................................................................... 25

  • 3. Basis of consolidation ................................................................................................................................................................................................ 47

  • 4. Cash and balances with the Brazilian Central Bank ..................................................................................................................................................... 49

  • 5. Loans and amounts due from credit institutions ......................................................................................................................................................... 49

  • 6. Debt instruments ....................................................................................................................................................................................................... 50

  • 7. Equity instruments ..................................................................................................................................................................................................... 51

  • 8. Derivative financial instruments and Short positions .................................................................................................................................................. 52

  • 9. Loans and advances to clients .................................................................................................................................................................................... 60

  • 10. Non-current assets held for sale ................................................................................................................................................................................ 65

  • 11. Investments in associates and joint ventures .............................................................................................................................................................. 66

  • 12. Tangible assets .......................................................................................................................................................................................................... 70

  • 13. Intangible assets - Goodwill ....................................................................................................................................................................................... 71

  • 14. Intangible assets - Other intangible assets ................................................................................................................................................................. 72

  • 15. Other assets .............................................................................................................................................................................................................. 73

  • 16. Deposits from the Brazilian Central Bank and Deposits from credit institutions ........................................................................................................... 74

  • 17. Client deposits .......................................................................................................................................................................................................... 74

  • 18. Marketable debt securities ......................................................................................................................................................................................... 75

  • 19. Debt Instruments Eligible to Compose Capital ........................................................................................................................................................... 76

  • 20. Other financial liabilities ............................................................................................................................................................................................ 77

  • 21. Provisions for pensions and similar obligations .......................................................................................................................................................... 77

  • 22. Provisions for judicial and administrative proceedings, commitments and other provisions ........................................................................................ 86

  • 23. Tax assets and liabilities ............................................................................................................................................................................................. 90

  • 24. Other liabilities .......................................................................................................................................................................................................... 93

  • 25. Other Comprehensive Income ................................................................................................................................................................................... 94

  • 26. Non-controlling interests ........................................................................................................................................................................................... 95

  • 27. Shareholders' equity .................................................................................................................................................................................................. 96

  • 28. Earnings per share ..................................................................................................................................................................................................... 99

  • 29. Fair value of financial assets and liabilities ................................................................................................................................................................ 100

  • 30. Operational Ratios ................................................................................................................................................................................................... 105

  • 31. Interest and similar income ...................................................................................................................................................................................... 106

  • 32. Interest expense and similar charges ........................................................................................................................................................................ 107

  • 33. Income from equity instruments .............................................................................................................................................................................. 107

  • 34. Fee and commission income .................................................................................................................................................................................... 107

  • 35. Fee and commission expense .................................................................................................................................................................................. 108

  • 36. Gains or losses on financial assets and liabilities ....................................................................................................................................................... 108

  • 37. Exchange differences (net) ....................................................................................................................................................................................... 109

  • 38. Other operating income and expenses ..................................................................................................................................................................... 109

  • 39. Personnel expenses ................................................................................................................................................................................................. 109

  • 40. Other general administrative expenses .................................................................................................................................................................... 111

  • 41. Gains or losses on non financial assets and investments, net .................................................................................................................................... 111

  • 42. Gains (losses) on disposal and expenses of non-current assets held for sale not classified as discontinued operations .............................................. 111

  • 43. Other disclosures ..................................................................................................................................................................................................... 112

  • 44. Business segment reporting ..................................................................................................................................................................................... 118

  • 45. Related party transactions ....................................................................................................................................................................................... 121

  • 46. Risk management .................................................................................................................................................................................................... 131

  • 47. Subsequent Events .................................................................................................................................................................................................. 154

APPENDIX I - RECONCILIATION OF STOCKHOLDERS' EQUITY AND NET INCOME - BRGAAP vs IFRS ................................................................................... 155

APPENDIX II - STATEMENTS OF VALUE ADDED .................................................................................................................................................................. 158

Management Report ......................................................................................................................................................................................................... 159

Composition of management bodies ................................................................................................................................................................................. 171

Declaration of directors on the financial statements ........................................................................................................................................................... 173

Directors' Statement on Independent Auditors .................................................................................................................................................................. 174

Audit Committee Report .................................................................................................................................................................................................... 175

Report of independent registered public accounting firm

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

Disclaimer

Banco Santander (Brasil) SA published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 February 2021 23:48:02 UTC.