Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 802

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 802
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743 |               |     |  74,119 |              |
| Reverse repurchase agreements |     |                  | 148,715 |              |     |  -48,949 |               |     |  99,766 |              |
| Total                         |     |                  | 324,577 |              |     | -150,692 |               |     | 173,885 |              |

At 31 December 2024, Grupo Santander has offset other items amounting to EUR 811million (EUR 910million and EUR 1,024million at 31 December 2023 and 2022, respectively). At 31 December 2024 the balance sheet shows the amounts EUR 176,198million (EUR 151,044million and EUR 141,529million at 31 December 2023 and 2022) on derivatives and repos as assets and EUR 209,121million (EUR 180,539million and EUR 157,572million at 31 December 2023 and 2022, respectively) on derivatives and repos as liabilities that are subject to netting and collateral arrangements.

Annual report 2024 771

| Contents |     | Auditor's report |     | Consolidated financial statements |     | Notes to the consolidated financial statements |     | Appendix |

52. Primary and secondary segments reporting

Grupo Santander bases segment reporting on financial information presented to the chief operating decision maker, which excludes certain statutory results items that distort year-on-year comparisons and are not considered for management reporting. This financial information (underlying basis) is computed by adjusting reported results for the effects of certain gains and losses (e.g. capital gains, write-downs, impairment of goodwill, etc.). These gains and losses are items that management and investors ordinarily identify and consider separately to better understand the underlying trends in the business. Grupo Santander has aligned the information in this note with the underlying information used internally for management reporting and with that presented in Grupo Santander's other public documents. Grupo Santander executive committee has been determined to be its chief operating decision maker. Grupo Santander's operating segments reflect its organizational and managerial structures. Grupo Santander 's executive committee reviews internal reporting based on these segments to assess performance and allocate resources. The segments are split by type of business and the geographic area in which profits are earned. Santander prepares the information by aggregating the figures for Grupo Santander’s various geographic areas and business units, relating it to both the accounting data of the units