Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 357

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 357
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 carrying amount that
would have been determined, net of depreciation and amortization, if no impairment had been recognized.

  Provisions, contingent assets and liabilities and legal obligations  

A provision is recognized when, as a result
of a past event, the Group has a present legal or constructive obligation that can be reliably estimated and it is probable that an outflow
of resources will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax
rate that reflects current market assessments of
the time value of money and the risks specific to the liability.

Provisions were established by Management
whenever it considers that there is a probable loss taking into account the opinion of their legal advisors; the nature of the actions;
the similarity to previous cases; the complexity and the positioning of the Courts.

Contingent liabilities are not recognized,
since their existence will only be confirmed by the occurrence or not of one or more future and uncertain events that are not totally
under the control of the Management. Contingent liabilities do not meet the criteria for recognition, since they are considered as possible
losses and are disclosed in explanatory notes, when relevant. Obligations classified as remote are neither provisioned nor disclosed.

Contingent assets are recognized only
when there are actual guarantees or definitive favorable court rulings, over which there are no more resources, characterizing the gain
as practically certain. Contingent assets, whose expectation of success is probable, are only disclosed in the financial statements, when
relevant.

Legal obligations arise from legal proceedings,
the object of which is its legality or constitutionality, which, independently of the assessment of the likelihood of success, have their
amounts fully recognized in the financial statements.

  Insurance Contracts  

Contracts that meet the definition of insurance
contracts, including insurance and reinsurance contracts issued and reinsurance contracts held, and investment contracts with discretionary
participation issued by an insurance company must be measured applying IFRS 17 - Insurance Contracts. An insurance contract is one in
which one party accepts significant insurance risk from another party. Insurance risk, as defined by the standard, is the risk, other
than financial risk, transferred from the holder of a contract to the issuer. An investment contract with discretionary participation
is a financial instrument under which the holder receives an additional payment, the value or term of which is contractually at the discretion
of the issuer.

After classifying contracts within the scope
of IFRS 17, the Group must assess