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
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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.