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

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The main activity of the Group is carried out through a network of bank branches located geographically as shown in the following table: Number of branches Bank Branches by Geographical Location June December 2010 2009 Spain 3,029 3,055 Americas 4,234 4,267 Rest of the world 144 144 Total 7,407 7,466 20. INTANGIBLE ASSETS 20.1. GOODWILL The breakdown of the balance under this heading in the accompanying consolidated balance sheets, according to the cash-generating units (“CGU”) that originated them, is as follows: June 2010 Balance at Beginning Additions Millions of Euros Exchange Differences Impairment Rest Balance at End The United States 5,357 - 932 - (2) 6,287 Mexico 593 - 122 - 3 718 Colombia 205 - 51 - - 256 Chile 65 - 6 - - 71 Chile Pensions 108 - 10 - - 118 Spain and Portugal 68 - - - - 68 Total 6,396 - 1,121 - 1 7,518 December 2009 Balance at Beginning Additions Millions of Euros Exchange Differences Impairment Rest Balance at End The United States 6,676 - (226) (1,097) 4 5,357 Mexico 588 - 9 - (4) 593 Colombia 193 - 12 - - 205 Chile 54 - 11 - - 65 Chile Pensions 89 - 19 - - 108 Spain and Portugal 59 - - - 9 68 Total 7,659 - (175) (1,097) 9 6,396 As of June 30, 2010 and 2009, no impairment losses on the goodwill that the Group recognized were recorded in the accompanying consolidated income statements. 86
20.2. OTHER INTANGIBLE ASSETS The breakdown of the balance under this heading in the accompanying consolidated balance sheets is as follows: Millions of Euros Other Intangible Assets. Breakdown by type of Assets June December 2010 2009 Computer software acquisition expenses 634 464 Other deferred charges 34 29 Other intangible assets 361 360 Impairment (1) (1) Total 1,028 852 21. TAX ASSETS <strong>AND</strong> LIABILITIES 21.1 CONSOLIDATED TAX GROUP Pursuant to current legislation, the Consolidated Tax Group includes <strong>BBVA</strong> as the Parent company, and, as subsidiaries, the Spanish subsidiaries that meet the requirements provided for under Spanish legislation regulating the taxation regime for the consolidated net income of corporate groups. The Group’s other banks and subsidiaries file individual tax returns in accordance with the tax legislation in force in each country. 21.2 YEARS OPEN FOR REVIEW BY THE TAX AUTHORITIES The years open to review in the Consolidated Tax Group as of December 30, 2010 are 2004 and following for the main taxes applicable. The rest of the Spanish consolidated entities in general have the last four years open for inspection by the tax authorities for the main taxes applicable, except for those in which there has been an interruption of the limitation period due to the start of an inspection. In 2009, as a result of action by the tax authorities, tax inspections proceedings were instituted for the years since (and including) 2003, some of which were contested. After considering the temporary nature of certain of the items assessed, provisions were set aside for the amounts, if any, that might arise from these assessments. Over the year ended December 31, 2009, notice was also given of the start of inspections for the years 2004 to 2006 for the main taxes to which the tax group is subject. These inspections had not been completed as of June 30, 2010. In view of the varying interpretations that can be made of the applicable tax legislation, the outcome of the tax inspections of the open years that could be conducted by the tax authorities in the future could give rise to contingent tax liabilities which cannot be objectively quantified at the present time. However, the Banks’ Board of Directors and its tax advisers consider that the possibility of these contingent liabilities becoming actual liabilities is remote and, in any case, the tax charge which might arise therefore would not materially affect the Group’s accompanying consolidated interim financial statements. 87
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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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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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Page 50 and 51: Management & Asset Allocation, Risk
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Page 134 and 135: APPENDIX I. FINANCIAL STATEMENTS OF
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APPENDIX I. FINANCIAL STATEMENTS OF
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APPENDIX I. FINANCIAL STATEMENTS OF
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Millions of Euros (Continued) June
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APPENDIX II. Additional information
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APPENDIX III. Additional informatio
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APPENDIX V. Changes and notificatio
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APPENDIX VI. Fully consolidated sub
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APPENDIX VIII. Breakdown of the mos
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Outsanding as of June 30, 2010 of S
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APPENDIX IX. Consolidated balance s
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Diluted earnings per share Early re
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Other financial assets/liabilities
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The explanations of the changes in
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4. SUMMARIZED INTERIM CONSOLIDATED
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Spain and Portugal Millions of Euro
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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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