Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 765

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 765
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 equity) as a consequence of the capital decreases described in note 31.a. The decrease produced in 2024 by an amount of EUR 3,778million has been the consequence of the difference between the purchase value of the redeemed shares (EUR 4,294million) and the par value of said shares (EUR 516million) (see note 4.a and consolidated statements of changes in total equity) as a consequence of the capital decreases described in note 31.a. Likewise, in accordance with the applicable legislation, a reserve has been provided in 2024 for amortized capital charged to the issue premium for an amount equal to the nominal value of said amortized shares ascending to EUR 516million (EUR 305million and EUR 273million euros in 2023 and 2022 respectively).

33. Accumulated retained earnings

a) Definitions

The balance of 'Equity - Accumulated gains and Other reserves' includes the net amount of the accumulated results (profits or losses) recognised in previous years through the consolidated income statement which in the profit distribution were allocated in equity, the expenses of own equity instrument issues, the differences between the amount for which the treasury shares are sold and their acquisition price, as well as the net amount of the results accumulated in previous years, generated by the result of non-current assets held for sale, recognised through the consolidated income statement.

b) Breakdown

The detail of Accumulated retained earnings and Reserves of entities accounted for using the equity method is as follows:

| EUR million                                                |     |        |      |     |        |      |     |        |      |
|                                                            |     |        | 2024 |     |        | 2023 |     |        | 2022 |
| Restricted reserves                                        |     |  3,084 |      |     |  2,899 |      |     |  2,798 |      |
| Legal reserveA                                             |     |  1,515 |      |     |  1,618 |      |     |  1,734 |      |
| Own shares                                                 |     |    421 |      |     |    649 |      |     |    737 |      |
| Revaluation reserve Royal Decree-Law 7/1996                |     |     43 |      |     |     43 |      |     |     43 |      |
| Reserve for retired capital                                |     |  1,105 |