Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 370

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 370
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 the information for users of their financial statements. IFRS 19
will go into effect on January 1, 2027. The Group is reviewing the impacts of the new standard.

Amendments to IFRS 9 and IFRS
7 - Classification and Measurement of Financial Instruments

The amendments, issued in May 2024,
clarify the classification of financial assets with environmental, social and corporate governance (ESG) and similar characteristics,
in addition to addressing criteria for the settlement of liabilities through electronic payment systems. These amendments are effective
as of January 1, 2026 and the Group is reviewing the impacts of the new standard.

Amendments to IFRS 9 and IFRS
7 - Nature-dependent Electricity Contracts

The amendments, issued in December
2024, seek to improve how companies report the financial effects of nature-dependent electricity contracts, often structured as power
purchase agreements (PPAs). The amendments include clarifications of the application of “own use” requirements, permitting
hedge accounting if these contracts are used as hedging instruments, and add new disclosure requirements to help investors understand
the impact of these contracts on companies' financial performance and cash flows. These amendments are effective as of January 1, 2026,
and could be applied earlier. The Group is reviewing the impacts of this change on the standards.

  ESTIMATES AND JUDGMENTS  

The Group adopts estimates and judgments
that may affect the reported carrying amounts of assets, liabilities, income and expenses in the next year, and the assumptions are determined
in accordance with the applicable standard.

Estimates and judgments are reviewed on
an ongoing basis and are consistent with the Group's risk management, when appropriate. Estimate revisions are recognized prospectively.

Judgments

Information about judgments made in applying
accounting policies that have the most significant effects on the amounts recognized in the financial statements are included in the following
notes:

  Note 13 Consolidation: whether the Group has                                                                                            

  Note 21 - Measurement of insurance liabilities:                                                                                                 

Estimates

Estimates that carry a significant risk
as they may have a material impact on the values of assets and liabilities in the next year, and the actual results may be different from
those previously established. The table below includes the significant accounting estimates and their respective notes:

  Accounting estimates                                          Note                      
 ──────────────────────────────────────────────────────────────────────────────────────────
  ● Fair value of financial instruments (Level II and III)