Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 343

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 343
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 (7)      The investment funds in which Bradesco assumes or substantially retains the risks and benefits  

  Subsidiaries  

Subsidiaries are all companies over which
the Group, has control. The Group has control over an investee if it is exposed to, or has rights to, variable returns from its involvement
with the investee and has the ability to affect those returns through its power over the investee. The subsidiaries are fully consolidated
from the date at which the Group obtains control over its activities until the date this control ceases.

For acquisitions meeting the definition
of a business combination, the acquisition method of accounting is used. The cost of acquisition is measured as the fair value of the
consideration, including assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange. Identifiable
assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values
at the acquisition date, irrespective of the extent of any non-controlling interest. The excess of the consideration given over the fair
value of the Company’s share of the identifiable net assets and non-controlling interest acquired is recorded as goodwill. Any goodwill
arising from business combinations is tested for impairment at least once a year and whenever events or changes in circumstances may indicate
the need for an impairment write-down. If the cost of acquisition is less than the fair value of the Company’s share of the net
assets acquired, the difference is recognized directly in the consolidated statement of income.

For acquisitions not meeting the definition
of a business combination, the Group allocates the cost between the individual identifiable assets and liabilities. The cost of acquired
assets and liabilities is determined by (a) recognizing financial assets and liabilities at their fair value at the acquisition date;
and (b) allocating the remaining balance of the cost of purchasing assets and assuming liabilities to individual assets and liabilities,
other than financial instruments, based on their relative fair values of these instruments at the acquisition date.

  ii.      Associates  

Companies are classified as associates
if the Group has significant influence, but not control, over the operating and financial management policy decisions. Normally significant
influence is presumed when the Group holds in excess of 20%, but no more than 50%, of the voting rights. Even if less than 20% of the
voting rights are held, the Group could still have significant influence through its participation in the management of the investee or
representations on its Board of Directors, providing it has executive