Balance Sheet at 31 December 2010 of BBVA

The Bank's main activity is carried out through a network of banking offices located geographically as shown
in the following table:
Number of Branches
Bank Branches by Geographical Location 2010 2009
Spain 3,022 3,054
Rest of the world 16 16
Total 3,038 3,070
As of December 31, 2010 and 2009, the percentage of branches leased from third parties in Spain was
85.34% and 80.24%, respectively. The remaining branches were owned by the Bank. The increase in the
number of branches leased in Spain is mainly due to the sale and leaseback operations carried out in 2010
and 2009 (see Note 14).
17. INTANGIBLE ASSETS
The breakdown of the balance of this heading in the balance sheets as of December 31, 2010 and 2009
relates in full to the net balance of the disbursements made on the acquisition of computer software.
The average life of the Bank's intangible assets is 5 years.
The breakdown of the changes in 2010 and 2009 in the balance of this heading in the balance sheets is as
follows:
Millions of Euros
Other Intangible Assets. Changes Over the Period 2010 2009
Balance at the beginning 246 166
Additions 260 138
Retirements (2) -
Amortization in the year (94) (58)
Exchange differences and other - -
Impairment - -
Balance at the end 410 246
18. TAX ASSETS AND LIABILITIES
The balance of the heading “Other Liabilities - Tax Collection Accounts” in the accompanying balance sheets
contains the liability for applicable taxes, including the provision for corporation tax of each year, net of tax
withholdings and prepayments for that period, and the provision for current period corporation tax in the case
of companies with a net tax liability. The amount of the tax refunds due to the Bank and the tax withholdings
and prepayments for the current period are included under “Other Assets - Tax Receivables” in the
accompanying balance sheets.
Banco Bilbao Vizcaya Argentaria, S.A. and its tax-consolidable subsidiaries file consolidated tax returns. The
subsidiaries of Argentaria, which had been in Tax Group 7/90, were included in Tax Group 2/82 from 2000,
since the merger had been carried out under the tax neutrality system provided for in Title VIII, Chapter VIII
of Corporation Tax Act 43/1995. On 30 December 2002, the pertinent notification was made to the Ministry
of Economy and Finance to extend its taxation under the consolidated taxation regime indefinitely, in
accordance with current legislation.
In 2009, as in prior years, the Bank participated in corporate restructuring transactions under the special
regiment of takeovers, excise, contribution of assets and exchanges of and regulated Chapter VIII OF Title
VII of the amended Corporation Tax Act, approved by Royal Legislative Decree 4/2004, of March 5. The
disclosures required under the aforementioned legislation are included in the notes to the financial
statements of the relevant entities for the period in which the transactions took place.
In 2003, as in prior years, the Bank has performed or participated in corporate restructuring transactions
under the special tax neutrality system regulated by Act 29/1991 of 16 December adapting certain tax to EU
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