BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

Post-employments Benefits in Spain
Income Statements and Reserves Effects.
Millions of Euros
June
2010
June
2009
Interest expense and similar charges
Interest cost of pension funds 127 133
Personnel expenses
Transfer to pensions plans 3 7
Welfare benefits 1 1
Provision (net)
Transfer to fund for pension and similar obligations
Pension funds 6 18
Welfare benefits (1) -
Early retirements 117 113
Total Effects in Income Statements 253 272
Total Effects in Equity: Debit (Credit) to Reserves (5) 4
26.2.2. Commitments abroad:
The main commitments with employees abroad correspond to those in Mexico, Portugal and United States,
which together represent 94% of the total commitments with employees abroad as of June 30, 2010 and
28% of the total commitments with employees in the BBVA Group as a whole as of June 30, 2010 (94% and
23%, respectively, as of December 31, 2009).
As of June 30, 2010 and December 31, 2009 the breakdown by country of the various commitments with
employees of the BBVA Group abroad is as follows:
Commitments
Millions of Euros
Plan Assets Net Commitments
Post-Employment Commitments
Abroad
June
2010
Decembre
2009
June
2010
Decembre
2009
June
2010
Decembre
2009
Pension Commitments - - - - - -
Mexico 484 398 562 424 (78) (26)
Portugal 324 321 318 320 5 1
The United States 236 194 203 162 34 32
Rest 91 84 54 46 37 38
Subtotal 1,135 997 1,138 952 (2) 45
Post-Employment Welfare Benefits - - - - - -
Mexico 640 511 493 342 147 169
Portugal - - - - - -
The United States - - - - - -
Rest 11 10 - - 11 10
Subtotal 651 521 493 342 158 179
Total 1,786 1,518 1,631 1,294 155 224
The changes in the net post-employment commitments with employees abroad in the six months ended
June 30, 2010 is as follows:
100