Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 344

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 19
Chunk 344
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 power; i. e. voting power.

Investments in associates are recorded
in the Group’s consolidated financial statements using the equity method and are initially recognized at cost. The investments in
associates include goodwill (net of any impairment losses) identified at the time of acquisition.

  iii.      Joint ventures  

The Group has contractual agreements in
which two or more parties undertake activities subject to joint control. Joint control is the contractual sharing of control over an activity
and it exists only if strategic, financial and operating decisions are made on a unanimous basis by the parties. A joint venture is a
collaborative arrangement in which the Group, along with other parties, holding joint control, have rights to the net assets resulting
from the agreement they have established. Investments in joint ventures are recorded in the consolidated financial statements of the Group
using the equity method.

  iv.      Structured entities  

Structured entities are consolidated when
the Group has control. The Group has control over a structured entity if it is exposed to, or has rights to, variable returns from its
involvement with the structured entity and has the ability to affect those returns through its power over the structured entity.

  Transactions with and interests of non-controlling shareholders  

The Group applies a policy of treating
transactions with non-controlling interests as transactions with equity owners of the Bank. For purchases of equity from non-controlling
interests, the difference between any consideration paid and the share of the carrying value of net assets of the subsidiary acquired
is recorded in equity. Gains or losses on sales to non-controlling shareholders are also recorded in equity.

Profits or losses attributable to non-controlling
interests are presented in the consolidated statements of income under this title.

  vi.      Balances and transactions eliminated in the consolidation  

Intra-group transactions and balances (except
for foreign currency transaction gains and losses) are eliminated in the consolidation process, including any unrealized profits or losses
resulting from operations between the companies except when unrealized losses indicate an impairment loss of the asset transferred which
should be recognized in the consolidated financial statements. Consistent accounting policies as well as similar valuation methods for
similar transactions, events and circumstances are used throughout the Group for the purposes of consolidation.

  Foreign currency translation  

  Functional and presentation currency  

Items included in the financial statements
of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates
(the functional currency). The consolidated financial statements are presented in Brazilian Re