Balance Sheet at 31 December 2010 of BBVA

In addition to the income tax recognized in the Bank’s income statements, in 2010 and 2009 the Bank
recognized the following amounts in equity:
Millions of Euros
Tax Recognized in Total Equity 2010 2009
Charges to total equity
Debt securities - (89)
Equity instruments (113) (265)
Rest - (34)
Subtotal (113) (388)
Credits to total equity
Debt securities 389 -
Equity instruments - -
Rest 27 2
Subtotal 416 2
Total 303 (386)
18.4. DEFERRED TAXES
The balance of the heading “Tax assets” in the balance sheets includes the tax receivables relating to
deferred tax assets; in turn, the balance of the heading Tax Liabilities includes the liability relating to the
Bank’s various deferred tax liabilities.
The details of the most important tax assets and liabilities as of December 31, 2010 and 2009 are as follows:
Millions of Euros
Tax Assets and Liabilities. Breakdown 2010 2009
Tax assets-
Current 324 448
Deferred 2,837 2,740
Pensions 1,297 1,374
Portfolio 801 446
Other assets 60 64
Impairment losses 507 640
Rest 172 216
Tax losses - -
Total 3,161 3,188
Tax Liabilities-
Current - -
Deferred 488 715
Charge for income tax and other taxes 488 715
Total 488 715
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