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

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The table below breaks down the main cash flows related to investing activities: Millions of Euros Main Cash Flows in Investing Activities Cash Flows in Investment Activities June 2010 Investments (-) Divestments (+) Tangible assets (749) - Intangible assets (176) - Investments (1,198) - Subsidiaries and other business units (66) 10 Non-current assets and liabilities associated held for sale - - Held-to-maturity investments (4,331) - Other settlements related with investement activities - - Millions of Euros Main Cash Flows in Investing Activities Cash Flows in Investment Activities June 2009 Investments (-) Divestments (+) Tangible assets (16) - Intangible assets - 27 Investments (4) 14 Subsidiaries and other business units (7) 27 Non-current assets and liabilities associated held for sale (150) - Held-to-maturity investments - 184 Other settlements related with investement activities - - 54. ACCOUNTANT FEES The breakdown of the fees for the services contracted by the companies of the Group in the six-month period ended June 30, 2010 with their respective auditors and other audit companies was as follows: Fees for Audits Conducted Millions of Euros Audits of the companies audited by firms belonging to the Deloitte worldwide organization 8.4 Fees for audits conducted by other firms 0.1 Other reports required pursuant to applicable legislation and tax regulations issued by the national supervisory bodies of the countries in which the Group operates, reviewed by firms belonging to the Deloitte worldwide organization 2.9 Other companies in the Group contracted other services as at June 30, 2010, as follows: Accountant Fees. Other Services Contracted Millions of Euros Firms belonging to the Deloitte worldwide organization 0.8 Other firms 4.5 The services provided by our accountants meet the independence requirements established under Law 44/2002, of 22 November, on Measures Reforming the Financial System and by the Sarbanes-Oxley Act of 2002 adopted by the Securities and Exchange Commission (SEC); accordingly they did not include the performance of any work that is incompatible with the auditing function. 55. BALANCES ARISING FROM TRANSACTIONS WITH ENTITIES OF THE GROUP As financial institutions, BBVA and other companies in the Group engage in transactions with related parties in the normal course of their business. All these transactions are of little relevance and are carried out in normal market conditions. 124
55.1 TRANSACTIONS WITH SIGNIFICANT SHAREHOLDERS As of June 30, 2010, the balances of transactions with significant shareholders (see Note 27) correspond to "Customer deposits", at €93 million, “Loans and advances to customers”, at €36 million and “Contingent exposures”, at €16 million, all of them in normal market conditions. 55.2 TRANSACTIONS WITH THE BBVA GROUP The balances of the main aggregates in the accompanying consolidated balance sheets arising from the transactions carried out by the Group with associates and jointly controlled companies accounted for using the equity method (see Note 2.1) were as follows: Millions of Euros Balances arising from transactions with Entities of the Group June 2010 June 2009 Assets: Loans and advances to credit institutions 74 21 Loans and advances to customers 486 638 Liabilities: Deposits from credit institutions 2 1 Customers deposits 91 102 Debt certificates 103 292 Memorandum accounts: Contingent exposures 37 39 Contingents commitments 330 380 The balances of the main aggregates in the accompanying consolidated income statements resulting from transactions with associated and jointly controlled entities that consolidated by the equity method were as follows: Millions of Euros Balances of Income Statement arising from transactions with Entities of the Group June 2010 June 2009 Income statement: Financial Revenues 8 8 Financial Expenses 1 4 There are no other material effects in the accompanying consolidated financial statements of the Group arising from dealings with these companies, other than the effects arising from using the equity method (see Note 2.1), and from the insurance policies to cover pension or similar commitments (see Note 25). As of June 30, 2010, the notional amount of the futures transactions arranged by the Group with the main companies mentioned above amounted to €2,056 million (of which €1,956 million in 2010 correspond to futures transactions with the CITIC Group). In addition, as part of its normal activity, the Group has entered into agreements and commitments of various types with shareholders of subsidiaries and associates, which have no material effects on the accompanying consolidated financial statements. 55.3 TRANSACTIONS WITH MEMBERS OF THE BOARD OF DIRECTORS AND MANAGEMENT COMMITTEE The information on the remuneration of members of the Board of Directors of BBVA and of the Group’s Management Committee is included in Note 56. The amount disposed of the loans granted to members of Board of Directors as of June 30, 2010 and December 31, 2009 totaled €163 thousand and €806 thousand. 125
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BANCO BILBAO VIZCAYA ARGENTARIA, S.
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27. COMMON STOCK...................
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Translation of consolidated financi
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Millions of Euros LIABILITIES AND E
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Millions of Euros June June Notes 2
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BANCO BILBAO VIZCAYA ARGENTARIA, S.
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The BBVA Group ICFR Model is summar
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2.2. ACCOUNTING POLICIES AND VALUAT
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- Other financial instruments The f
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In the case of unsecured transactio
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2.2.2. TRANSFERS AND DERECOGNITION
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The fair value of non-current asset
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2.2.7. BUSINESS COMBINATIONS The re
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insurees, as the case may be, based
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• The discount rate used is deter
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2.2.16. FOREIGN CURRENCY TRANSACTIO
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2.2.22. CONSOLIDATED STATEMENTS OF
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IFRIC 17 - Distributions of non-cas
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The Group’s activity is mainly lo
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Changes in the Group The most signi
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- In the denominator, the average n
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The breakdown of the consolidated n
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Management & Asset Allocation, Risk
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Maximum exposure to credit risk The
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debtors includes mortgages, cash gu
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Policies and procedures for prevent
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December 2009 Less than 6 Months Pa
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7.2 MARKET RISK a) Market Risk Mark
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Below are the average interest rate
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7.4. RISK CONCENTRATIONS Below is p
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Determining the fair value of finan
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Financial Instruments LEVEL 2 Valua
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The changes in the six months ended
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10.2. DEBT SECURITIES The breakdown
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11. OTHER FINANCIAL ASSETS DESIGNAT
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Mexico Millions of Euros Mexico Jun
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South America Millions of Euros Sou
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The United States Millions of Euros
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Wholesale Banking and Asset Managem
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The changes in the principal headin
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Aggregating Tier I and Tier II, as
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BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

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