Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 366

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 366
---
ial gains and losses, the return of the assets of the plan other than the expectation (excluding interest) and the effect
of the asset ceiling (if any, excluding interest), are recognized immediately in other comprehensive income.

Net interest and other expenses related
to defined benefit plans are recognized in the statement of income.

  iii.      Termination benefits  

Severance benefits are accrued when the
employment relationship is terminated by the Company before the employee’s normal date of retirement or whenever the employee accepts
voluntary redundancy in return for such benefits.

Benefits which are payable 12 months or
more after the reporting date are discounted to their present value.

  iv.      Short-term benefits  

Benefits such as wages, salaries, social
security contributions, paid annual leave and paid sick leave, profit sharing and bonuses (which are all payable within 12 months of the
reporting date) and non-monetary benefits such as health care, etc. are recorded as expenses in the consolidated statement of income,
without any discount to present value, if the Company has a present legal or constructive obligation to pay the amount as a result of
past service provided by the employee and the obligation can be reliably estimated.

  Fees and commissions  

Fees and commission income and expense
which are part of and are directly allocable to the effective interest rate on a financial asset or liability are included in the calculation
of the effective interest rate.

Other fee and commission income, substantially
composed by account service fees, asset management fees, credit card annual charges, and collection and consortium fees are recognized,
according to the requirements of IFRS 15 - Revenue from Contracts with Customers, to the extent that the obligations of performance
are fulfilled. The price is allocated to the provision of the monthly service, and the revenue is recognized in the result in the same
manner. Other fee and commission expense relate mainly to transaction as the services are received.

  Income tax and social contribution  

Deferred tax assets, calculated on income
tax losses, social contribution losses and temporary differences, are recognized in “ Deferred tax assets” and the deferred
tax liabilities on tax differences in lease asset depreciation (applicable only for income tax), fair value adjustments on securities,
inflation adjustment of judicial deposits, among others, are recognized in “ Deferred taxes”.

Deferred tax assets on temporary differences
are realized when the difference between the accounting treatment and the income tax treatment reverses. Deferred tax assets on carried
forward income tax and social contribution losses are realizable when taxable income is generated,