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

(Continued) <strong>2010</strong> 2009 (*) 2008 (*)<br />

CASH FLOWS FROM FINANCING ACTIVITIES (3) 1,148 (74) (2,271)<br />

Investment 12,410 10,012 17,807<br />

Dividends 1,218 1,567 2,813<br />

Subordin<strong>at</strong>ed liabilities 2,846 1,667 735<br />

Common stock amortiz<strong>at</strong>ion - - -<br />

Treasury stock acquisition 7,828 6,4<strong>31</strong> 14,095<br />

Other items rel<strong>at</strong>ing to financing activities 518 347 164<br />

Divestments 13,558 9,938 15,536<br />

Subordin<strong>at</strong>ed liabilities 1,205 3,103 1,535<br />

Common stock increase 4,914 - -<br />

Treasury stock disposal 7,439 6,835 13,745<br />

Other items rel<strong>at</strong>ing to financing activities - - 256<br />

EFFECT OF EXCHANGE RATE CHANGES (4) 1,063 (161) (791)<br />

NET INCREASE/DECREASE IN CASH OR CASH EQUIVALENTS<br />

(1+2+3+4) 3,636 1,689 (7,919)<br />

CASH OR CASH EQUIVALENTS AT BEGINNING OF THE YEAR 16,3<strong>31</strong> 14,642 22,561<br />

CASH OR CASH EQUIVALENTS AT END OF THE YEAR 19,967 16,3<strong>31</strong> 14,642<br />

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

COMPONENTS OF CASH AND EQUIVALENT AT END OF THE<br />

YEAR<br />

<strong>2010</strong> 2009 (*) 2008 (*)<br />

Cash 4,284 4,218 3,915<br />

<strong>Balance</strong> <strong>of</strong> cash equivalent in central banks 15,683 12,113 10,727<br />

Other financial assets - - -<br />

Less: Bank overdraft refundable on demand - - -<br />

TOTAL CASH OR CASH EQUIVALENTS AT END OF THE YEAR 19,967 16,3<strong>31</strong> 14,642<br />

Of which:<br />

Held by consolid<strong>at</strong>ed subsidiaries but not available for the Group - - -<br />

(*) Presented for comparison purposes only.<br />

121

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