Balance Sheet at 31 December 2010 of BBVA

Translation of financial statements originally issued in Spanish and prepared in accordance with generally accounting principles Spain
(See Note 1 and 54). In the event of a discrepancy, the Spanish-language version prevails.
Millions of Euros
LIABILITIES AND EQUITY (Continued) Notes 2010 2009 (*)
STOCKHOLDERS’ FUNDS 26,183 20,034
Common Stock 23 2,201 1,837
Issued 2,201 1,837
Unpaid and uncalled (-) - -
Share premium 24 17,104 12,453
Reserves 25 5,114 3,893
Other equity instruments 23 10
Equity component of compound financial instruments - -
Other equity instruments 23 10
Less: Treasury stock 26 (84) (128)
Income attributed 2,904 2,981
Less: Dividends and remuneration (1,079) (1,012)
VALUATION ADJUSTMENTS 27 (26) 1,643
Available-for-sale financial assets 39 1,567
Cash flow hedging (62) 80
Hedging of net investment in foreign transactions - -
Exchange differences (3) (4)
Non-current assets held-for-sale - -
Other valuation adjustments - -
TOTAL EQUITY 26,157 21,677
TOTAL LIABILITIES AND EQUITY 392,111 391,845
Millions of Euros
MEMORANDUM ITEM Notes 2010 2009 (*)
CONTINGENT EXPOSURES 29 57,764 58,174
CONTINGENT COMMITMENTS 29 58,885 64,428
(*) Presented for comparison purposes only
The accompanying Notes 1 to 53 and Appendices I to XV are an integral part of the balance sheet as of
December 31, 2010.
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