Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 217

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 217
---
    15,298,158    18,308,497
Total liabilities                                            136,973,501    83,411,718    96,289,617
Off-balance sheet accounts – notional value                                                         
Derivatives                                                                                         
Futures                                                       47,252,890    39,459,745    40,518,873
Forward                                                       61,937,583    27,988,676    23,885,594
Options                                                        3,255,679     2,164,645     1,531,743
Swap                                                          63,155,589    32,201,517    33,221,629
Total liabilities with derivative (b)                        312,575,242   185,226,301   195,447,456
Net exposure (a-b)                                           (2,127,488)   (7,724,730)   (4,218,884)
 
We use swaps, futures contracts and other hedging instruments to minimize the potential impact of currency fluctuations on our operations. For more information on our use of derivatives for hedging purposes, see Notes 2.d) (iii) and 7 to our consolidated financial statements in “Item 18. Financial Statements”.
 Our net exposure in relation to our net assets amounted to 1.3% as of December 31, 2024, 4.6% as of December 31, 2023 and 2.6% as of December 31, 2022.
  
136 – Form 20-F 2024 | Bradesco
-------------------------------
5.A.10.04 Taxes
 Our income tax expenses consist of two federal taxes affecting adjusted net income: IRPJ, which is levied at a rate of 15.0% plus an additional 10.0% on taxable profits that exceed R$240 thousand per annum, and the Social Contribution Tax (“CSLL”), which is currently levied at a rate of 20.0% for banks of any kind and development agencies and at a rate of 15.0% for the majority of other financial institutions (e.g., capitalization and private insurance, loan companies and security brokers, among others). On March 1, 2021, Provisional Measure No. 1,034/21 was enacted, increasing the CSLL rates by 5.0%, and was subsequently converted into Law No.