Balance Sheet at 31 December 2010 of BBVA

The amounts recognized in equity in connection with hedging derivatives and the amounts derecognized
from total equity and taken to the income statement during 2010 and 2009 are disclosed in the
accompanying income statements.
The following table shows the adjustments in income resulting from hedge accounting, broken down by type
of hedge.
Millions of Euros
Adjustments in Income Resulting from Hedge
Accounting
2010 2009
Cash flow hedging 90 190
Fair value hedging (104) (75)
Total (14) 115
The breakdown of the balance of this heading in the accompanying income statements by geographic area
was as follows:
Millions of Euros
Interest and Similar Income.
Breakdown by Geographical Area
2010 2009
Domestic market 8,228 10,575
Foreign 531 845
European Union 292 524
Rest of OECD 49 70
Rest of countries 190 251
Total 8,759 11,420
34.2. INTEREST AND SIMILAR EXPENSES
The breakdown of the balance under this heading in the accompanying income statements was as follows:
Millions of Euros
Interest and Similar Expenses. Breakdown by Origin 2010 2009
Bank of Spain and other central banks 184 186
Deposits from credit institutions 595 891
Customers deposits 2,048 2,727
Debt certificates 1,733 1,988
Subordinated liabilities 518 524
Rectification of expenses as a result of hedging transactions (1,552) (1,171)
Cost attributable to pension funds 137 144
Other charges 55 41
Total 3,718 5,330
The following table shows the adjustments in expenses resulting from hedge accounting, broken down by
type of hedge:
Millions of Euros
Adjustments in Expenses Resulting from Hedge Accounting 2010 2009
Cash flow hedging 1 (34)
Fair value hedging (1,553) (1,137)
TOTAL (1,552) (1,171)
98