Balance Sheet at 31 December 2010 of BBVA

BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND COMPANIES COMPOSING THE BANCO BILBAO VIZCAYA
ARGENTARIA GROUP
CONSOLIDATED INCOME STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2010, 2009 AND
2008
Millions of Euros
2010 2009(*) 2008 (*)
INTEREST AND SIMILAR INCOME 21,134 23,775 30,404
INTEREST AND SIMILAR EXPENSES (7,814) (9,893) (18,718)
NET INTEREST INCOME 13,320 13,882 11,686
DIVIDEND INCOME 529 443 447
SHARE OF PROFIT OR LOSS OF ENTITIES ACCOUNTED FOR
USING THE EQUITY METHOD 335 120 293
FEE AND COMMISSION INCOME 5,382 5,305 5,539
FEE AND COMMISSION EXPENSES (845) (875) (1,012)
NET GAINS (LOSSES) ON FINANCIAL ASSETS AND LIABILITIES 1,441 892 1,328
Financial instruments held for trading 643 321 265
Other financial instruments at fair value through profit or loss 83 79 (17)
Other financial instruments not at fair value through profit or loss 715 492 1,080
Rest - - -
EXCHANGE DIFFERENCES (NET) 453 652 231
OTHER OPERATING INCOME 3,543 3,400 3,559
Income on insurance and reinsurance contracts 2,597 2,567 2,512
Financial income from non-financial services 647 493 485
Rest of other operating income 299 340 562
OTHER OPERATING EXPENSES (3,248) (3,153) (3,093)
Expenses on insurance and reinsurance contracts (1,815) (1,847) (1,896)
Changes in inventories (554) (417) (403)
Rest of other operating expenses (879) (889) (794)
GROSS INCOME 20,910 20,666 18,978
ADMINISTRATION COSTS (8,207) (7,662) (7,756)
Personnel expenses (4,814) (4,651) (4,716)
General and administrative expenses (3,393) (3,011) (3,040)
DEPRECIATION AND AMORTIZATION (761) (697) (699)
PROVISIONS (NET) (482) (458) (1,431)
IMPAIRMENT LOSSES ON FINANCIAL ASSETS (NET) (4,718) (5,473) (2,941)
Loans and receivables (4,563) (5,199) (2,797)
Other financial instruments not at fair value through profit or loss (155) (274) (144)
NET OPERATING INCOME 6,742 6,376 6,151
(*) Presented for comparison purposes only.
116