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

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17.3. INFORMATION ABOUT ASSOCIATES <strong>AND</strong> JOINTLY CONTROLLED ENTITIES BY THE EQUITY<br />

METHOD<br />

The following table provides relevant information of the balance sheet and income statement of associates<br />

and jointly controlled entities accounted for using the equity method as of June 30, 2010 and December 31,<br />

2009, respectively (see Appendix IV).<br />

Millions of Euros<br />

Associates and Jointly Controlles Entities June 2010 December 2009<br />

Financial Main figures<br />

Associates<br />

Jointly<br />

Controlled<br />

Entities<br />

Associates<br />

Jointly<br />

Controlled<br />

Entities<br />

Current Assets 18,556 287 10,611 347<br />

Non-current Assets 18,371 527 8,463 514<br />

Current Liabilities 31,396 122 10,356 108<br />

Non-current Liabilities 5,531 692 8,719 754<br />

Net sales 318 40 605 84<br />

Operating Income 133 7 244 (12)<br />

Net Income 96 4 166 (14)<br />

(*) Non audited information<br />

17.4. NOTIFICATIONS ABOUT ACQUISITION OF HOLDINGS<br />

Appendix V shown on acquisitions and disposals of holdings in associates or jointly controlled entities and<br />

the notification dates thereof, in compliance with Article 86 of the Corporations Act and Article 53 of the<br />

Securities Market Act 24/1988.<br />

17.5 IMPAIRMENT<br />

No impairment losses on the goodwill of jointly-controlled entities were recognized for the six-month period<br />

ended June 30, 2010. In 2009, €3 million of impairment losses on the goodwill of jointly-controlled entities<br />

were recognized, of which most are related to Econta Gestión Integral, S.L.<br />

18. REINSURANCE ASSETS<br />

This heading in the accompanying consolidated balance sheets reflects the amounts receivable by<br />

consolidated entities from reinsurance contracts with third parties.<br />

The amounts recognized in the accompanying consolidated balance sheets corresponding to the share of<br />

the reinsurer in the technical provisions are set forth below:<br />

Millions of Euros<br />

June December<br />

Reinsurance Asset<br />

2010 2009<br />

Reinsurance assets 40 29<br />

84

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