Balance Sheet at 31 December 2010 of BBVA

Translation of financial statements originally issued in Spanish and prepared in accordance with generally accounting principles Spain
(See Note 1 and 54). In the event of a discrepancy, the Spanish-language version prevails.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
STATEMENTS OF RECOGNIZED INCOME AND EXPENSES FOR THE YEARS ENDED DECEMBER 31,
2010 AND 2009 (Notes 1 to 4)
Millions of Euros
2010 2009 (*)
NET INCOME RECOGNIZED IN INCOME STATEMENT 2,904 2,981
OTHER RECOGNIZED INCOME (EXPENSES) (1,669) 492
Available-for-sale financial assets (2,038) 1,028
Valuation gains/(losses) (1,756) 1,045
Amounts removed to income statement (282) (17)
Reclassifications - -
Cash flow hedging (190) (85)
Valuation gains/(losses) (159) (80)
Amounts removed to income statement (31) (5)
Amounts removed to the initial carrying amount of the - -
Reclassifications - -
Hedging of net investment in foreign transactions - -
Valuation gains/(losses) - -
Amounts removed to income statement - -
Reclassifications - -
Exchange differences - (79)
Valuation gains/(losses) (4) (6)
Amounts removed to income statement 4 (73)
Reclassifications - -
Non-current assets held for sale - -
Valuation gains/(losses) - -
Amounts removed to income statement - -
Reclassifications - -
Actuarial gains and losses in post-employment plans - -
Rest of recognized income and expenses - -
Income tax 559 (372)
TOTAL RECOGNIZED INCOME/EXPENSES 1,235 3,473
(*) Presented for comparison purposes only.
The accompanying Notes 1 to 53 described in the report and Appendices I to XV are an integral part of
the statement of recognized income and expenses for the year ended December 31, 2010.
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