Company: BCDRF
Filing Date: 2025-01-02
Form Type: 6-K
Source: 0000891478-25-000002
Chunk: 48

Company: Banco Santander, S.A.
Filing Date: 2025-01-02
Form: 6-K
Chunk 48
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     |                   | 218 |     |                    | -1,348 |     |                                | -1,130 |     |            |   392 |     |                   | 219 |     |                    | -1,193 |     |                                |   -974 |     |            |   536 |

| January - September 2024 |     | 35 |

f) Other comprehensive income - Items that may be reclassified to profit or loss – Hedges of net investments in foreign operations (effective portion) and exchange differences

Other comprehensive income - Items that may be reclassified to profit or loss - Hedges of net investments in foreign operations (effective portion) includes the net amount of the changes in value of hedging instruments in hedges of net investments in foreign operations, in respect of the portion of these changes considered to be effective hedges.

Other comprehensive income - Items that may be reclassified to profit or loss - Exchange differences includes the net amount of exchange differences arising on non-monetary items whose fair value is adjusted against equity and the differences arising on the translation to euros of the balances of the consolidated entities whose functional currency is not the euro.

The net variation of both headings recognised during the first nine months of 2024 in the interim condensed consolidated statement of recognised income and expenses, reflects the impact of the evolution of the currencies during the year, reflecting mainly the general depreciation of the currencies, except the Pound Sterling, and the polish zloty (see Note 1.e).

Of this variation, a capital loss of EUR 528 million corresponds to the valuation at the closing exchange rate of goodwill for the first nine months of 2024 (see Note 8).

g) Other comprehensive income – Items that may be reclassified to profit or loss – Changes in the fair value of debt instrument s measured at fair value through other comprehensive income

Includes the net amount of unrealised fair value changes in debt instruments at fair value through other comprehensive income.

Below is a breakdown of the composition of the balance as of 30 September 2024 and 31 December 2023 under Other comprehensive income - Items that may be reclassified to profit or loss - Changes in the fair value of debt instruments measured at fair value through other comprehensive income depending on the type of instrument and the geographical origin of the issuer:

|                                     |     | EUR million       |     |     |                    |        |     |                                |      |     |            |        |     |                   |     |     |                    |        |