Disclosure Of Material Accounting Policy Information [Text Block]

Santander Bank Polska S.A. - Filing #6070372

Concept	2024-01-01 to 2024-12-31
Disclosure of material accounting policy information [text block]
Description of accounting policy for collateral [text block]	Collateral
Description of accounting policy for contingent liabilities and contingent assets [text block]	Contingent liabilities
Description of accounting policy for depreciation expense [text block]	Depreciation
Description of accounting policy for derecognition of financial instruments [text block]	Derecognition of financial assets
Description of accounting policy for derivative financial instruments [text block]	Embedded derivatives
Description of accounting policy for dividends [text block]	Capital payments (Dividends)
Description of accounting policy for employee benefits [text block]	Employee benefits
Description of accounting policy for environment related expense [text block]	ESG risk management as part of the risk management framework
Description of accounting policy for fair value measurement [text block]	Financial assets and liabilities not carried at fair value in the statement of financial position
Description of accounting policy for fee and commission income and expense [text block]	Net fee and commission income
Description of accounting policy for financial assets [text block]	Assessment whether contractual cash flows are solely payments of principal and interest
Description of accounting policy for financial guarantees [text block]	Santander Bank Polska
Description of accounting policy for financial instruments at fair value through profit or loss [text block]	Classification of financial assets which are equity instruments
Description of accounting policy for financial liabilities [text block]	Financial assets and liabilities
Description of accounting policy for foreign currency translation [text block]	Transactions in foreign currencies are translated at the foreign exchange rate ruling at the date of the transaction. Resulting from these transactions monetary assets and liabilities denominated in foreign currencies, are translated at the foreign exchange rate ruling at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies, which are stated at historical cost, are translated at the foreign exchange rate ruling at the date of the transaction. Non-monetary assets and liabilities denominated in foreign currencies that are stated at fair value are translated to the reporting currency at the foreign exchange rates ruling at the dates that the fair values were determined. Foreign exchange differences arising on translation are recognised in profit or loss except for differences arising on retranslation of instruments of other entities measured at fair value through other comprehensive income, which are recognised in other comprehensive income.
Description of accounting policy for functional currency [text block]	The Polish zloty (PLN) is the functional currency of the units which are members of
Description of accounting policy for goodwill [text block]	Goodwill
Description of accounting policy for hedging [text block]	Santander Bank Polska Group uses hedging strategies within hedge accounting in line with the risk management principles set out in note 4 to the consolidated financial statements.
Description of accounting policy for impairment of assets [text block]	Allowances for expected credit losses in respect of financial assets
Description of accounting policy for impairment of financial assets [text block]	Impairment
Description of accounting policy for insurance contracts and related assets, liabilities, income and expense [text block]	Net income on bancassurance
Description of accounting policy for issued capital [text block]	Equity comprises capital and funds created in accordance with applicable law, acts and the Articless of Association. Equity also includes retained earnings and prior year losses carried forward.
Description of accounting policy for leases [text block]	Leasing
Description of accounting policy for intangible assets and goodwill [text block]	Goodwill and Intangible assets
Description of accounting policy for intangible assets other than goodwill [text block]	Licenses, patents, concessions and similar assets
Description of accounting policy for interest income and expense [text block]	Interest revenue is calculated by applying the effective interest rate to the gross carrying amount of financial assets and presented in “Net interest income”, except for credit-impaired financial assets. At the time a financial asset or a group of similar financial assets is reclassified to stage 3, interest revenue is calculated on the basis of a net value of a financial asset and presented at the interest rate used for the purpose of discounting the future cash flows for the purpose of measurement of impairment.
Description of accounting policy for investment in associates [text block]
Description of accounting policy for investments in joint ventures [text block]	Profit on the sale of interests in associates and joint ventures is the difference between the carrying amount and their sale price.
Description of accounting policy for offsetting of financial instruments [text block]
Description of accounting policy for property, plant and equipment [text block]	Property, plant and equipment
Description of accounting policy for provisions [text block]	Estimates for legal claims
Description of accounting policy for reclassification of financial instruments [text block]	Changing the business model
Description of accounting policy for recognition of revenue [text block]	Other operating income and other operating costs
Description of accounting policy for repurchase and reverse repurchase agreements [text block]	Repurchase and reverse repurchase transactions
Description of accounting policy for segment reporting [text block]	Presentation of information about business segments in Santander Bank Polska Group bases on management information model which is used for preparing of reports for the Management Board, which are used to assess performance of results and allocate resources. Operational activity of Santander Bank Polska Group has been divided into five segments: Retail Banking, Business & Corporate Banking, Corporate & Investment Banking, ALM (Assets and Liabilities Management) and Centre, and Santander Consumer. They were identified based on customers and product types.
Description of accounting policy for subsidiaries [text block]	Gain or loss on the sale of shares in subsidiaries is determined as the difference between the subsidiary’s net asset value adjusted for unwritten-off portion of goodwill and the sale price.
Description of accounting policy for taxes other than income tax [text block]	Tax on financial institutions
Description of accounting policy for trade and other payables [text block]	Trade payables and other liabilities
Description of accounting policy for trade and other receivables [text block]	Other trade and other receivables
Description of accounting policy for transactions with non-controlling interests [text block]	Except for own equity, non-controlling interests are also recognised in Santander Bank Polska
Description of accounting policy for transactions with related parties [text block]	The tables below present transactions with related parties. They are effected between associates and related entities. Transactions between Santander Bank Polska Group companies and its related entities are banking operations carried out on an arm’s length business as part of their ordinary business and mainly represent loans, bank accounts, deposits, guarantees and leases. Intercompany transactions effected within the Group by the Bank and its subsidiaries have been eliminated from the consolidated financial statements. In the case of internal Group transactions, a documentation is prepared in accordance with requirements of tax regulations for transfer pricing.