Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 748

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 748
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licable once their transposition period has expired). The recorded provision includes the best estimate of Group’s liability for this matter. Banco Santander and the other Group companies are subject to claims and, therefore, are party to certain judicial and administrative proceedings incidental to the normal course of their business including those in connection with lending activities, relationships with employees and other commercial or tax matters additional to those referred to here. With the information available to it, the Group considers that, at 31 December 2024, it had reliably estimated the obligations associated with each proceeding and had recognized, where necessary, sufficient provisions to cover reasonably any liabilities that may arise as a result of these tax and legal risks. Disputes in which provisions have been registered but are not disclosed is justified on the basis that it would be prejudicial to the proper defense of the Group. Subject to the qualifications made, it also believes that any liability arising from such claims and proceedings will not have, overall, a material adverse effect on the Group’s business, financial position, or results of operations.

Annual report 2024 687

| Contents |     | Auditor's report |     | Consolidated financial statements |     | Notes to the consolidated financial statements |     | Appendix |

26. Other liabilities

The detail of Other liabilities in the consolidated balance sheets is as follows:

| EUR million                          |     |        |      |     |        |      |     |        |      |
|                                      |     |        | 2024 |     |        | 2023 |     |        | 2022 |
| Transactions in transit              |     |    910 |      |     |    767 |      |     |    457 |      |
| Accrued expenses and deferred income |     |  9,003 |      |     |  9,136 |      |     |  8,445 |      |
| Other                                |     |  6,431 |      |     |  7,695 |      |     |  5,707 |      |
|                                      |     | 16,344 |      |     | 17,598 |      |     | 14,609 |      |

27. Tax matters a) Consolidated Tax Group In accordance with current Spanish legislation, the Consolidated Tax Group includes Banco Santander, S.A. (as the parent) and Spanish subsidiaries that meet the requirements provided for in Spanish legislation regulating the taxation of the consolidated profits of corporate groups (as the controlled entities