Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 761

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 761
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                    |     |    -57 |                                 |     |  5,203 |            |
| Latin America and rest of the world |     |                  |  16 |                   |     |   -290 |                    |     |   -274 |                                 |     |  4,590 |            |
|                                     |     |                  | 517 |                   |     | -1,519 |                    |     | -1,002 |                                 |     | 83,298 |            |

Since the entry into force of IFRS 9, the Group estimates the expected losses on debt instruments measured at fair value with changes in other comprehensive income. These losses are recorded with a charge to the consolidated income statement for the period. At the end of the years 2023 and 2022, the Group recorded under 'Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss', net due to modification of the consolidated income statement, in the line of financial assets at fair value with changes in other comprehensive income a provision of EUR 44million and EUR 7million, respectively. At the end of the year 2024, the Group did not record any provision in this regard. g) Other comprehensive income - Items that may be reclassified to profit or loss and Items not reclassified to profit or loss - Other recognised income and expense of investments in subsidiaries, joint ventures and associates At 31 December 2024, the heading includes a negative amount of EUR 428million (EUR 318million and EUR 374million in 2023 and 2022, respectively). Of the variation in the balance of said years, a gain of EUR 45million and EUR 44million has been transferred to results, and a loss of EUR 15million in the years 2024 2023 and 2022, respectively.

30. Shareholders' equity

The changes in Shareholders' equity are presented in the consolidated statement of changes in total equity. Significant information on certain items of Shareholders' equity and the changes during the year are set forth below.

Annual report 2024 702

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

31. Issued capital

a) Changes At 31 December 2021, Banco Santander's share capital consisted of EUR 8,670million, represented by 17,340,641,302shares of