Balance Sheet at 31 December 2010 of BBVA

16. TANGIBLE ASSETS
As of December 31, 2010 and 2009, the details of the balance of this heading in the accompanying balance
sheets, broken down by the nature of the related items, were as follows:
For Own Use
Millions of Euros
2010
Land and
Buildings
Work in
Progress
Furniture,
Fixtures and
Vehicles
Total Tangible
Asset of Own
Use
Investment
Properties
Revalued cost -
Balance at the beginning 577 11 3,072 3,660 4 3,664
Additions 3 52 167 222 - 222
Contributions from merger transactions - - - - - -
Retirements - - (96) (96) - (96)
Transfers (44) - (6) (50) (2) (52)
Exchange difference and other - - 1 1 - 1
Balance at the end 536 63 3,138 3,737 2 3,739
Accrued depreciation -
Balance at the beginning 128 - 2,063 2,191 1 2,192
Additions 7 - 175 182 - 182
Retirements - - (91) (91) - (91)
Transfers (19) - (2) (21) - (21)
Exchange difference and other - - (1) (1) - (1)
Balance at the end 116 - 2,144 2,260 1 2,261
Impairment -
Balance at the beginning 8 - - 8 - 8
Additions 11 - 5 16 - 16
Retirements - - (5) (5) - (5)
Transfers - - - - - -
Exchange difference and other - - - - - -
Balance at the end 19 - - 19 - 19
Net tangible assets -
Balance at the beginning 441 11 1,009 1,461 3 1,464
Balance at the end 401 63 994 1,458 1 1,459
Total
For Own Use
Millions of Euros
2009
Land and
Buildings
Work in
Progress
Furniture,
Fixtures and
Vehicles
Total Tangible
Asset of Own
Use
Investment
Properties
Revalued cost -
Balance at the beginning 1,234 - 3,028 4,262 15 4,277
Additions 65 11 192 268 - 268
Contributions from merger transactions - - 4 4 - 4
Retirements - - (124) (124) - (124)
Transfers (722) - (27) (749) (11) (760)
Exchange difference and other - - (1) (1) - (1)
Balance at the end 577 11 3,072 3,660 4 3,664
Accrued depreciation -
Balance at the beginning 368 - 2,004 2,372 3 2,375
Additions 12 - 173 185 - 185
Retirements - - (101) (101) - (101)
Transfers (252) - (13) (265) (2) (267)
Exchange difference and other - - - - - -
Balance at the end 128 - 2,063 2,191 1 2,192
Impairment -
Balance at the beginning 6 - - 6 1 7
Additions 2 - 17 19 - 19
Retirements - - - - - -
Transfers - - (17) (17) (1) (18)
Exchange difference and other - - - - - -
Balance at the end 8 - - 8 - 8
Net tangible assets - - - - - - -
Balance at the beginning 860 - 1,024 1,884 11 1,895
Balance at the end 441 11 1,009 1,461 3 1,464
Total
The reduction in the balance of the heading “Tangible assets - For own use - Land and buildings” in 2009 is
mainly the result of the transfer of some properties owned by the Bank in Spain to the heading “Non-current
assets held for sale", as mentioned in Note 14.
As of December 31, 2010 and 2009, the totally amortized tangible assets still in use amounted to €1,387 and
1,370 million, respectively.
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