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

Net Commitments Abroad:
Changes in six months ended June 30, 2010
México
Portugal
Millions of Euros
United
States
Rest of
Countries
Total
Abroad
Balance at beginning 143 1 32 48 224
Interest costs 47 8 6 5 66
Interest incomes (43) (6) (6) (4) (59)
Current service cost 12 2 2 1 17
Current service cost for early retirements - - - - -
Prior service cost or changes in the plan - - - - -
Payments made in the period - - - - -
Adquisitions and divestments - - - - -
Effect of reductions and settlements - - - - -
Contributions in the period (120) - (7) (7) (134)
Actuarial losses (gains) - - - - -
Exchage differences 29 - 6 5 40
Other changes - - 1 0 1
Balance at end 68 5 34 48 155
In the table above, "Payments made in the period" are presented net, as the difference between the payment
to the beneficiary charged against the fund and the reduction in fund assets for the same amount. These
payments corresponding to the six months ended June 30, 2010, amounted to €18 million for pensions in
Mexico, €10 million for welfare benefits in Mexico and €8 million for pensions in Portugal.
The net charges recognized in the accompanying consolidated income statements and under the heading
“Reserves" of the accompanying consolidated balance sheets (see Note 2.2.12.) of the BBVA Group for
commitments to post-employment benefits abroad were as follows:
Millions of euros
Commitments with employees Abroad:
Income Statements and Reserves Effects.
June
2010
June
2009
Interest expense and similar charges 7 7
Personnel expenses 17 14
Provisions (net) - 15
Total Effects in Income Statements 24 36
Total Effects in Equity: Debit (Credit) to Reserves - -
• Commitments with employees in Mexico:
The main actuarial assumptions used in quantifying the commitments with employees in Mexico as of June
30, 2010 have not varied significantly compared with those applied as of December 31, 2009 and they are as
follows:
101