Banco Santander s balance sheet and income statement 381
Balance sheet at 31 december 2014 with distribution of income ASSETS 1. Cash and balances with central banks 7,025,314,447 2. Financial assets held for trading 83,115,575,675 2.1. Loans and advances to credit institutions 2.2. Loans and advances to customers 35,821,320 2.3. Debt instruments 20,886,682,811 2.4. Equity instruments 6,267,099,324 2.5. Trading derivatives 55,925,972,219 Memorandum item: Loaned or advanced as collateral 7,429,496,828 3. Other financial assets at fair value through profit or loss 33,514,640,433 3.1. Loans and advances to credit institutions 18,665,374,319 3.2. Loans and advances to customers 14,849,266,114 3.3. Debt instruments 3.4. Equity instruments Promemoria: Prestados o en garantía 24,541,135,911 4. Availableforsale financial assets 35,954,461,068 4.1. Debt instruments 34,156,488,844 4.2. Equity instruments 1,797,972,224 Memorandum item: Loaned or advanced as collateral 8,248,241,000 5. Loans and receivables 239,410,505,849 5.1. Loans and advances to credit institutions 28,547,490,101 5.2. Loans and advances to customers 188,389,609,328 5.3. Debt instruments 22,473,406,420 Memorandum item: Loaned or advanced as collateral 10,852,639,596 6. Heldtomaturity investments Memorandum item: Loaned or advanced as collateral 7. Changes in the fair value of hedged items in portfolio hedges of interest rate risk 138,097,382 8. Hedging derivatives 3,082,942,555 9. Noncurrent assets held for sale 1,629,544,821 10. Investments: 80,274,782,776 10.1. Associates 752,915,138 10.2. Jointly controlled entities 314,259,333 10.3. Subsidiaries 79,207,608,305 11. Insurance contracts linked to pensions 1,966,896,889 13. Tangible assets 1,770,224,339 13.1. Property, plant and equipment 1,591,962,621 13.1. 1. For own use 1,318,496,282 13.1. 2. Leased out under an operating lease 273,466,339 13.1. 3. Assigned to welfare projects 13.2. Investment property 178,261,717 Memorandum item: Acquired under a finance lease 523,856,960 14. Intangible assets 281,773,691 14.1. Goodwill 14.2. Other intangible assets 281,773,691 15. Tax assets 7,130,214,908 15.1. Current 1,471,082,702 15.2. Deferred 5,659,132,205 16. Other assets 1,506,828,221 Total assets 496,801,803,052 382
LIABILITIES 1. Financial liabilities held for trading 65,134,328,676 1.1. Deposits from central banks 1.2. Deposits from credit institutions 1.3. Customer deposits 1.4. Marketable debt securities 1.5. Trading derivatives 57,968,616,917 1.6. Short positions 7,165,711,759 1.7. Other financial liabilities 2. Other financial liabilities at fair value through profit or loss 35,492,264,637 2.1. Deposits from central banks 6,041,087,759 2.2. Deposits from credit institutions 19,550,429,951 2.3. Customer deposits 9,900,746,927 2.4. Marketable debt securities 2.5. Subordinated liabilities 2.6. Other financial liabilities 3. Financial liabilities at amortised cost 330,273,706,614 3.1. Deposits from central banks 8,656,111,140 3.2. Deposits from credit institutions 49,216,400,072 3.3. Customer deposits 212,477,955,848 3.4. Marketable debt securities 33,867,877,163 3.5. Subordinated liabilities 15,836,548,779 3.6. Other financial liabilities 10,218,813,613 4. Changes in the fair value of hedged items in portfolio hedges of interest rate risk 30,797,252 5. Hedging derivatives 3,091,842,250 6. Liabilities associated with noncurrent assets held for sale 8. Provisions 8,254,740,105 8.1. Provision for pensions and similar obligations 6,992,267,768 8.2. Provisions for taxes and other legal contingencies 336,267,586 8.3. Provisions for contingent liabilities and commitments 334,107,969 8.4. Other provisions 592,096,782 9. Tax liabilities 750,012,241 9.1. Current 9.2. Deferred 750,012,241 10. Welfare fund 11. Other liabilities 2,490,714,098 12. Equity refundable on demand Total liabilities 445,518,405,873 EQUITY 1. Shareholders equity 51,085,220,551 1.1. Share capital a 6,292,207,330 1.1.1. Registered 6,292,207,330 1.1.2. Less: Uncalled capital 1.2. Share premium 38,611,237,847 1.3. Reserves 6,094,612,759 1.4. Other equity instruments 88,797,458 1.4.1. Equity component of compound financial instruments 1.4.2. Nonvoting equity units and associated funds (savings banks) 1.4.3. Other 88,797,458 1.5. Less: Treasury shares 1,634,843 1.6. Profit for the year attributable to the Parent 1.7. Less: Dividends and remuneration 2. Valuation adjustments 198,176,627 2.1. Availableforsale financial assets 1,135,715,274 2.2. Cash flow hedges 3,308,510 2.3. Hedges of net investments in foreign operations 636,132 2.4. Exchange differences 2.5. Noncurrent assets held for sale 2.7. Other valuation adjustments (941,483,289) Total equity 51,283,397,179 Total liabilities and equity 496,801,803,052 MEMORANDUM ITEMS Contingent liabilities 61,145,270,398 Contingent commitments 73,514,590,516 a. This section is named Capital in the formats of banks, credit unions and financial credit establishments, and Endowment Fund in those of savings banks. 383
Balance sheet at 31 december 2014 before distribution of income ASSETS 1. Cash and balances with central banks 7,025,314,447 2. Financial assets held for trading 83,115,575,675 2.1.Loans and advances to credit institutions 2.2.Loans and advances to customers 35,821,320 2.3.Debt instruments 20,886,682,811 2.4. Equity instruments 6,267,099,324 2.5.Trading derivatives 55,925,972,219 Memorandum item: Loaned or advanced as collateral 7,429,496,828 3. Other financial assets at fair value through profit or loss 33,514,640,433 3.1.Loans and advances to credit institutions 18,665,374,319 3.2.Loans and advances to customers 14,849,266,114 3.3.Debt instruments 3.4.Equity instruments Memorandum item: Loaned or advanced as collateral 24,541,135,911 4. Availableforsale financial assets 35,954,461,068 4.1.Debt instruments 34,156,488,844 4.2.Equity instruments 1,797,972,224 Memorandum item: Loaned or advanced as collateral 8,248,241,000 5. Loans and receivables 239,410,505,849 5.1.Loans and advances to credit institutions 28,547,490,101 5.2.Loans and advances to customers 188,389,609,328 5.3.Debt instruments 22,473,406,420 Memorandum item: Loaned or advanced as collateral 10,852,639,596 6. Heldtomaturity investments Memorandum item: Loaned or advanced as collateral 7. Changes in the fair value of hedged items in portfolio hedges of interest rate risk 138,097,382 8. Hedging derivatives 3,082,942,555 9. Noncurrent assets held for sale 1,629,544,821 10. Investments 80,274,782,776 10.1.Associates 752,915,138 10.2.Jointly controlled entities 314,259,333 10.3.Subsidiaries 79,207,608,305 11. Insurance contracts linked to pensions 1,966,896,889 13. Tangible assets 1,770,224,339 13.1.Property, plant and equipment 1,591,962,621 13.1.1. For own use 1,318,496,282 13.1.2. Leased out under an operating lease 273,466,339 13.1.3. Assigned to welfare projects 13.2.Investment property 178,261,717 Memorandum item: Acquired under a finance lease 523,856,960 14. Intangible assets 281,773,691 14.1.Goodwill 14.2.Other intangible assets 281,773,691 15. Tax assets 7,130,214,908 15.1.Current 1,471,082,702 15.2. Deferred 5,659,132,205 16. Other assets 1,506,828,221 Total assets 496,801,803,052 384
LIABILITIES 1. Financial liabilities held for trading 65,134,328,676 1.1.Deposits from central banks 1.2.Deposits from credit institutions 1.3.Customer deposits 1.4.Marketable debt securities 1.5.Trading derivatives 57,968,616,917 1.6.Short positions 7,165,711,759 1.7.Other financial liabilities 2. Other financial liabilities at fair value through profit or loss 35,492,264,637 2.1.Deposits from central banks 6,041,087,759 2.2.Deposits from credit institutions 19,550,429,951 2.3.Customer deposits 9,900,746,927 2.4.Marketable debt securities 2.5.Subordinated liabilities 2.6.Other financial liabilities 3. Financial liabilities at amortised cost 329,608,551,002 3.1.Deposits from central banks 8,656,111,140 3.2.Deposits from credit institutions 49,216,400,072 3.3.Customer deposits 212,477,955,848 3.4.Marketable debt securities 33,867,877,163 3.5.Subordinated liabilities 15,836,548,779 3.6.Other financial liabilities 9,553,658,001 4. Changes in the fair value of hedged items in portfolio hedges of interest rate risk 30,797,252 5. Hedging derivatives 3,091,842,250 6. Liabilities associated with noncurrent assets held for sale 8. Provisions 8,254,740,105 8.1.Provision for pensions and similar obligations 6,992,267,768 8.2.Provisions for taxes and other legal contingencies 336,267,586 8.3.Provisions for contingent liabilities and commitments 334,107,969 8.4.Other provisions 592,096,782 9. Tax liabilities 750,012,241 9.1.Current 9.2.Deferred 750,012,241 10. Welfare fund 11. Other liabilities 2,490,714,098 12. Equity refundable on demand Total liabilities 444,853,250,261 EQUITY 1. Shareholders equity 51,750,376,163 1.1.Share capital a 6,292,207,330 1.1.1. Registered 6,292,207,330 1.1.2. Less: Uncalled capital 1.2.Share premium 38,611,237,847 1.3.Reserves 5,795,652,181 1.4.Other equity instruments 88,797,458 1.4.1. Equity component of compound financial instruments 1.4.2. Nonvoting equity units and associated funds (savings banks) 1.4.3. Other 88,797,458 1.5.Less: Treasury shares 1,634,843 1.6.Profit for the year attributable to the Parent 1,434,893,569 1.7.Less: Dividends and remuneration 470,777,379 2. Valuation adjustments 198,176,627 2.1.Availableforsale financial assets 1,135,715,274 2.2.Cash flow hedges 3,308,510 2.3.Hedges of net investments in foreign operations 636,132 2.4.Exchange differences 2.5.Noncurrent assets held for sale 2.7.Other valuation adjustments (941,483,289) Total equity 51,948,552,791 Total liabilities and equity 496,801,803,052 MEMORANDUM ITEMS Contingent liabilities 61,145,270,398 Contingent commitments 73,514,590,516 a. This section is named Capital in the formats of banks, credit unions and financial credit establishments, and Endowment Fund in those of savings banks. 385
Income statement for the year ended 31 december 2014 1. Interest and similar income 8,426,075,835 2. Interest expense and similar charges (5,242,405,206) 3. Remuneration of repayable capital on demand (only credit unions) A) Net interest income 3,183,670,629 4. Income from equity instruments 2,524,049,300 6. Fee and commission income 2,116,339,293 7. Fee and commission expense (394,032,766) 8. Gains/losses on financial assets and liabilities (net) 1,936,769,290 8.1. Held for trading 748,643,039 8.2. Other financial instruments at fair value through profit or loss 112,285,465 8.3. Financial instruments not measured at fair value through profit or loss 1,060,004,647 8.4 Other 15,836,140 9. Exchange differences (net) (607,002,273) 10. Other operating income 260,285,817 11. Other operating expenses (467,741,316) B) Gross margin 8,552,337,974 12. Administrative expenses (4,185,056,086) 12.1. Staff costs (2,159,525,877) 12.2. Other general administrative expenses (2,025,530,210) 13. Depreciation and amortisation charge (189,161,886) 14. Provisions (net) (1,094,171,956) 15. Impairment losses on financial assets (net) (1,957,227,870) 15.1. Loans and receivables (1,892,422,972) 15.2. Other financial instruments not measured at fair value through profit or loss (64,804,898) C) Profit from operations 1,126,720,176 16. Impairment losses on nonfinancial assets (net) (639,917,626) 16.1. Goodwill and other intangible assets (126,742,366) 16.2. Other assets (513,175,260) 17. Gains/(losses) on disposal of assets not classified as noncurrent assets held for sale 696,676,277 18. Negative goodwill on business combinations 19. Gains/(losses) on noncurrent assets and disposal groups held for sale not classified as discontinued operations (172,367,765) D) Profit before tax 1,011,111,062 20. Income tax 423,782,507 21. Mandatory allocation to social projects and funds E) Profit for the year from continuing operations 1,434,893,569 22. Profit (Loss) from discontinued operations (net) F) Profit for the year 1,434,893,569 Proposed distribution of income as of 31 December 2014 Profit before tax 1,011,111,062 Income tax 423,782,507 Profit for the year from continuing operations 1,434,893,569 Distribution Legal reserve Voluntary reserves 1,135,932,991 Dividends 298,960,578 386