Balance Sheet at 31 December 2010 of BBVA

Mortgage-backed bonds
Non-current assets held for sale
Other equity instruments
Other financial assets/liabilities at fair value through profit or
loss
Fixed-income securities guaranteed with the mortgage loans for the issuing entity,
which, in accordance with current legislation to that effect, are not subject to the
issuance of mortgage bonds.
A non-current asset or disposal group, whose carrying amount is expected to be
realized through a sale transaction, rather than through continuing use, and which
meets the following requirements:
a) it is immediately available for sale in its present condition at the balance sheet date,
i.e. only normal procedures are required for the sale of the asset.
b) the sale is considered highly probable.
This heading reflects the increase in equity resulting from various forms of owner
contributions, retained earnings, restatements of the financial statements and valuation
adjustments.
• Assets and liabilities that are deemed hybrid financial assets and liabilities and for
which the fair value of the embedded derivatives cannot be reliably determined.
• These are financial assets managed jointly with “Liabilities under insurance
contracts” valued at fair value, in combination with derivatives written with a view to
significantly mitigating exposure to changes in these contracts' fair value, or in
combination with financial liabilities and derivatives designed to significantly reduce
global exposure to interest rate risk.
These headings include customer loans and deposits effected via so-called unit-linked
life insurance contracts, in which the policyholder assumes the investment risk.
Own/treasury shares
Personnel expenses
Post-employment benefits
Property, plant and equipment/tangible assets
Proportionate consolidation method
Provisions
Provision expenses
Provisions for contingent exposures and commitments
Provisions for pensions and similar obligation
Reserves
Securitization fund
Share premium
Short positions
Subordinated liabilities
The amount of own equity instruments held by the entity.
All compensation accrued during the year in respect of personnel on the payroll, under
permanent or temporary contracts, irrespective of their jobs or functions, irrespective of
the concept, including the current costs of servicing pension plans, own share based
compensation schemes and capitalized personnel expenses. Amounts reimbursed by
the state Social Security or other welfare entities in respect of employee illness are
deducted from personnel expenses.
Retirement benefit plans are arrangements whereby an enterprise provides benefits for
its employees on or after termination of service.
Buildings, land, fixtures, vehicles, computer equipment and other facilities owned by the
entity or acquired under finance leases.
The venturer combines and subsequently eliminates its interests in jointly controlled
entities' balances and transactions in proportion to its ownership stake in these entities.
The venturer combines its interest in the assets and liabilities assigned to the jointly
controlled operations and the assets that are jointly controlled together with other joint
venturers line by line in the consolidated balance sheet. Similarly, it combines its
interest in the income and expenses originating in jointly controlled businesses line by
line in the consolidated income statement.
Provisions include amounts recognized to cover the Group’s current obligations arising
as a result of past events, certain in terms of nature but uncertain in terms of amount
and/or cancellation date.
Provisions recognized during the year, net of recoveries on amounts provisioned in
prior years, with the exception of provisions for pensions and contributions to pension
funds which constitute current or interest expense.
Provisions recorded to cover exposures arising as a result of transactions through
which the entity guarantees commitments assumed by third parties in respect of
financial guarantees granted or other types of contracts, and provisions for contingent
commitments, i.e., irrevocable commitments which may arise upon recognition of
financial assets.
Constitutes all provisions recognized to cover retirement benefits, including
commitments assumed vis-à-vis beneficiaries of early retirement and analogous
schemes.
Accumulated net profits or losses recognized in the income statement in prior years
and retained in equity upon distribution. Reserves also include the cumulative effect of
adjustments recognized directly in equity as a result of the retroactive restatement of
the financial statements due to changes in accounting policy and the correction of
errors.
A fund that is configured as a separate equity and administered by a management
company. An entity that would like funding sells certain assets to the securitization fund,
which, in turn, issues securities backed by said assets.
The amount paid in by owners for issued equity at a premium to the shares' nominal
value.
Financial liabilities arising as a result of the final sale of financial assets acquired under
repurchase agreements or received on loan.
Financing received, regardless of its instrumentation, which ranks after the common
creditors in the event of a liquidation.
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