Balance sheet
and financial statements

The accounting policies adopted by Fundação BB are applied consistently in all periods. The consolidated financial statements are prepared based on the guidelines issued by the Brazilian Corporate Law, and are presented in accordance with the practices of the Comitê de Pronunciamentos Contábeis - CPC (Accounting Standards Board) and the Conselho Federal de Contabilidade - CFC (Federal Accounting Council), approved by the independent audit.

The financial instruments of BB Foundation are recorded in equity accounts and comprise mainly the balances of financial investments, other credits, accounts payable, charges payable and other obligations.

Consolidated balance sheet

Consolidated statement of income

Statement of comprehensive income

The document containing the Consolidated Financial Statements can be accessed, in full, at Banco do Brasil Foundation website – www.fbb.org.br.

The Rendering of Accounts of BB Foundation, related to fiscal year 2020, was approved by the Trustee Council at a meeting held on March 23, 2020, in view of the information provided in the Accounting and Financial Statements, in the Activities Report and in the Summary of Budget Execution, after the presentation of the opinions of the Independent Audit and the Fiscal Council, both without reservations.