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Balance Sheet at 31 December 2010 of BBVA

Balance Sheet at 31 December 2010 of BBVA

Balance Sheet at 31 December 2010 of BBVA

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48. ACCOUNTANT FEES AND SERVICES<br />

The breakdown <strong>of</strong> the fees for the services provided to the Bank by their accountants in <strong>2010</strong> was as follows:<br />

Fees for Audits Conducted<br />

Millions <strong>of</strong> Euros<br />

Audits <strong>of</strong> the companies audited by firms belonging to the Deloitte<br />

worldwide organiz<strong>at</strong>ion and other reports rel<strong>at</strong>ed with the audit 6.3<br />

Other reports required pursuant to applicable legisl<strong>at</strong>ion and tax<br />

regul<strong>at</strong>ions issued by the n<strong>at</strong>ional supervisory bodies <strong>of</strong> the countries in<br />

which the Group oper<strong>at</strong>es, reviewed by firms belonging to the Deloitte<br />

worldwide organiz<strong>at</strong>ion 1.2<br />

Fees for audits conducted by other firms -<br />

The breakdown <strong>of</strong> the other services different from audits provided to the Bank in <strong>2010</strong> is as follows:<br />

Accountant Fees. Other Services Contracted<br />

Millions <strong>of</strong> Euros<br />

Firms belonging to the Deloitte worldwide organiz<strong>at</strong>ion(*) 0.8<br />

Other firms 8.7<br />

(*) Includes €307 thousand rel<strong>at</strong>ing to fees for tax services.<br />

The services provided by our accountants meet the independence requirements established under Act<br />

44/2002, <strong>of</strong> 22 November, on Measures Reforming the Financial System and by the Sarbanes-Oxley Act <strong>of</strong><br />

2002 adopted by the Securities and Exchange Commission (SEC); accordingly they did not include the<br />

performance <strong>of</strong> any work th<strong>at</strong> is incomp<strong>at</strong>ible with the auditing function.<br />

49. RELATED-PARTY TRANSACTIONS<br />

As a financial institution, <strong>BBVA</strong> engages in transactions with rel<strong>at</strong>ed parties in the normal course <strong>of</strong> their<br />

business. All these transactions are <strong>of</strong> little relevance and are carried out in normal market conditions.<br />

49.1 SIGNIFICANT TRANSACTIONS WITH STOCKHOLDERS<br />

As <strong>of</strong> <strong>December</strong> <strong>31</strong>, <strong>2010</strong>, the balances <strong>of</strong> transactions with significant shareholders (see Note 23)<br />

correspond to "Customer deposits", <strong>at</strong> €57 million, “Loans and advances to customers”, <strong>at</strong> €49 million and<br />

“Contingent exposures", <strong>at</strong> €20 million, all <strong>of</strong> them in normal market conditions.<br />

49.2. Transactions with <strong>BBVA</strong> Group<br />

As <strong>of</strong> <strong>December</strong> <strong>31</strong>, <strong>2010</strong> and 2009 the balances <strong>of</strong> the main aggreg<strong>at</strong>es in the balance sheets arising from<br />

the transactions carried out by the Bank with Group companies, which consist <strong>of</strong> ordinary business and<br />

financial transactions carried out in normal market conditions, were as follows:<br />

Millions <strong>of</strong> Euros<br />

<strong>Balance</strong>s arising from transactions with Entities <strong>of</strong> the<br />

Group<br />

<strong>2010</strong> 2009<br />

Assets:<br />

Loans and advances to credit institutions 13,657 12,<strong>31</strong>0<br />

Loans and advances to customers 5,972 4,689<br />

Financial assets- Available for sale 547 1,039<br />

Liabilities:<br />

Deposits from credit institutions 5,128 7,120<br />

Customers deposits 19,830 20,176<br />

Debt certific<strong>at</strong>es - -<br />

Memorandum accounts:<br />

Contingent exposures 29,150 <strong>31</strong>,506<br />

Contingents commitments 413 766<br />

106

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