Balance sheets as of December 31, 2013 and December 31, 2012 of BBVA, S.A.
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| ASSETS | Millions of Euros | |
|---|---|---|
| December 2013 |
December 2012 |
|
| CASH AND BALANCES WITH CENTRAL BANKS | 12,085 | 11,079 |
| FINANCIAL ASSETS HELD FOR TRADING | 56,631 | 63,771 |
| Loans and advances to credit institutions | - | - |
| Loans and advances to customers | - | - |
| Debt securities | 13,425 | 12,437 |
| Other equity instruments | 4,148 | 2,199 |
| Trading derivatives | 39,058 | 49,135 |
| OTHER FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | - | - |
| Loans and advances to credit institutions | - | - |
| Loans and advances to customers | - | - |
| Debt securities | - | - |
| Other equity instruments | - | - |
| AVAILABLE-FOR-SALE FINANCIAL ASSETS | 43,301 | 33,098 |
| Debt securities | 38,151 | 30,083 |
| Other equity instruments | 5,150 | 3,015 |
| LOANS AND RECEIVABLES | 230,523 | 237,029 |
| Loans and advances to credit institutions | 20,410 | 21,366 |
| Loans and advances to customers | 208,313 | 213,944 |
| Debt securities | 1,800 | 1,719 |
| HELD-TO-MATURITY INVESTMENTS | - | 10,162 |
| FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK | 99 | 226 |
| HEDGING DERIVATIVES | 2,307 | 3,708 |
| NON-CURRENT ASSETS HELD FOR SALE | 2,195 | 1,968 |
| INVESTMENTS | 25,602 | 28,524 |
| Associates | 818 | 4,499 |
| Jointly controlled entities | 3,865 | 4,013 |
| Group entities | 20,919 | 20,012 |
| INSURANCE CONTRACTS LINKED TO PENSIONS | 1,989 | 2,022 |
| TANGIBLE ASSETS | 1,651 | 1,461 |
| Property, plants and equipment | 1,646 | 1,460 |
| For own use | 1,646 | 1,460 |
| Other assets leased out under an operating lease | - | - |
| Investment properties | 5 | 1 |
| INTANGIBLE ASSETS | 927 | 729 |
| Goodwill | - | - |
| Other intangible assets | 927 | 729 |
| TAX ASSETS | 8,543 | 5,732 |
| Current | 1,402 | 787 |
| Deferred | 7,141 | 4,945 |
| OTHER ASSETS | 1,078 | 990 |
| TOTAL ASSETS | 386,931 | 400,499 |
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| LIABILITIES AND EQUITY | Millions of Euros | |
|---|---|---|
| December 2013 |
December 2012 |
|
| FINANCIAL LIABILITIES HELD FOR TRADING | 43,599 | 53,434 |
| Deposits from central banks | - | - |
| Deposits from credit institutions | - | - |
| Customer deposits | - | - |
| Debt certificates | - | - |
| Trading derivatives | 38,531 | 48,849 |
| Short positions | 5,068 | 4,585 |
| Other financial liabilities | - | - |
| OTHER FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | - | - |
| Deposits from central banks | - | - |
| Deposits from credit institutions | - | - |
| Customer deposits | - | - |
| Debt certificates | - | - |
| Subordinated liabilities | - | - |
| Other financial liabilities | - | - |
| FINANCIAL LIABILITIES AT AMORTIZED COST | 300,716 | 305,917 |
| Deposits from central banks | 25,487 | 40,557 |
| Deposits from credit institutions | 42,920 | 48,962 |
| Customer deposits | 188,013 | 163,798 |
| Debt certificates | 33,787 | 42,025 |
| Subordinated liabilities | 5,106 | 5,169 |
| Other financial liabilities | 5,403 | 5,406 |
| FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK | - | - |
| HEDGING DERIVATIVES | 1,507 | 2,586 |
| LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE | - | - |
| PROVISIONS | 5,782 | 6,696 |
| Provisions for pensions and similar obligations | 4,878 | 4,998 |
| Provisions for taxes and other legal contingencies | - | - |
| Provisions for contingent exposures and commitments | 221 | 176 |
| Other provisions | 683 | 1,522 |
| TAX LIABILITIES | 978 | 450 |
| Current | - | - |
| Deferred | 978 | 450 |
| OTHER LIABILITIES | 1,474 | 1,610 |
| TOTAL LIABILITIES | 354,056 | 370,693 |
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| LIABILITIES AND EQUITY (Continued) | Millions of Euros | |
|---|---|---|
| December 2013 |
December 2012 |
|
| STOCKHOLDERS' EQUITY | 32,991 | 30,783 |
| Common Stock | 2,835 | 2,670 |
| Issued | 2,835 | 2,670 |
| Less: Unpaid and uncalled (-) | - | - |
| Share premium | 22,111 | 20,968 |
| Reserves | 7,384 | 7,049 |
| Other equity instruments | 43 | 43 |
| Equity component of compound financial instruments | - | - |
| Other equity instruments | 43 | 43 |
| Less: Treasury stock (-) | (20) | (41) |
| Net Income | 1,406 | 1,428 |
| Less: Dividends and remuneration (-) | (768) | (1,334) |
| VALUATION ADJUSTMENTS | (116) | (977) |
| Available-for-sale financial assets | (52) | (938) |
| Cash flow hedging | (45) | (40) |
| Hedges of net investments in foreign operations | - | - |
| Exchange differences | 1 | 19 |
| Non-current assets held-for-sale | - | - |
| Other valuation adjustments | (20) | (18) |
| TOTAL EQUITY | 32,875 | 29,806 |
| TOTAL LIABILITIES AND EQUITY | 386,931 | 400,499 |
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| MEMORANDUM ITEM | Millions of Euros | |
|---|---|---|
| December 2013 |
December 2012 |
|
| CONTINGENT EXPOSURES | 47,961 | 64,373 |
| CONTINGENT COMMITMENTS | 53,412 | 50,202 |
Income Statements for the year ended December 31, 2013 and 2012 of BBVA, S.A.
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|
|
Millions of Euros | |
|---|---|---|
| December 2013 |
December 2012 |
|
| INTEREST AND SIMILAR INCOME | 7,877 | 9,099 |
| INTEREST AND SIMILAR EXPENSES | (4,589) | (4,875) |
| NET INTEREST INCOME | 3,288 | 4,224 |
| DIVIDEND INCOME | 2,257 | 5,117 |
| FEE AND COMMISSION INCOME | 1,775 | 1,730 |
| FEE AND COMMISSION EXPENSES | (332) | (322) |
| NET GAINS (LOSSES) ON FINANCIAL ASSETS AND LIABILITIES | 1,125 | 987 |
| Financial instruments held for trading | 328 | 580 |
| Other financial instruments at fair value through profit or loss | - | - |
| Other financial instruments not at fair value through profit or loss | 797 | 407 |
| Rest | - | - |
| EXCHANGE DIFFERENCES (NET) | 195 | (307) |
| OTHER OPERATING INCOME | 131 | 93 |
| OTHER OPERATING EXPENSES | (437) | (272) |
| GROSS INCOME | 8,002 | 11,250 |
| ADMINISTRATION COSTS | (3,877) | (3,668) |
| Personnel expenses | (2,352) | (2,264) |
| General and administrative expenses | (1,525) | (1,404) |
| DEPRECIATION AND AMORTIZATION | (502) | (380) |
| PROVISION (NET) | (730) | (969) |
| IMPAIRMENT LOSSES ON FINANCIAL ASSETS (NET) | (3,254) | (5,668) |
| Loans and receivables | (3,224) | (5,653) |
| Other financial instruments not at fair value through profit or loss | (30) | (15) |
| NET OPERATING INCOME | (361) | 565 |
| IMPAIRMENT LOSSES ON OTHER ASSETS (NET) | 145 | 543 |
| Goodwill and other intangible assets | - | - |
| Other assets | 145 | 543 |
| GAINS (LOSSES) ON DERECOGNIZED ASSETS NOT CLASSIFIED AS NON-CURRENT ASSETS HELD FOR SALE | (127) | 14 |
| NEGATIVE GOODWILL | - | - |
| GAINS (LOSSES) IN NON-CURRENT ASSETS HELD FOR SALE NOT CLASSIFIED AS DISCONTINUED OPERATIONS | (370) | (488) |
| INCOME BEFORE TAX | (713) | 634 |
| INCOME TAX | 1,058 | 751 |
| INCOME FROM CONTINUING TRANSACTIONS | 345 | 1,385 |
| INCOME FROM DISCONTINUED TRANSACTIONS (NET) | 1,061 | 43 |
| NET INCOME FOR THE PERIOD | 1,406 | 1,428 |
Statements of Recognized Income and Expenses for the year ended December 31, 2013 and 2012 of BBVA, S.A.
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|
|
Millions of Euros | |
|---|---|---|
| December 2013 |
December 2012 |
|
| NET INCOME FOR THE PERIOD | 1,406 | 1,428 |
| OTHER RECOGNIZED INCOME (EXPENSES) | 861 | (124) |
| ITEMS NOT SUBJECT TO RECLASSIFICATION TO P&L | (2) | (9) |
| Actuarial gains and losses from defined benefit pension plans | (3) | (13) |
| Non-current assets available for sale | - | - |
| Income tax related to items not subject to reclassification to p&l | 1 | 4 |
| ITEMS SUBJECT TO RECLASSIFICATION TO P&L | 863 | (115) |
| Available-for-sale financial assets | 1,294 | (176) |
| Valuation gains/(losses) | 1,360 | (343) |
| Amounts removed to income statement | (66) | 167 |
| Reclassifications | - | - |
| Cash flow hedging | (8) | (14) |
| Valuation gains/(losses) | (7) | (14) |
| Amounts removed to income statement | (1) | - |
| Amounts removed to the initial carrying amount of the hedged items | - | - |
| Reclassifications | - | - |
| Hedges of net investment in foreign operations | - | - |
| Valuation gains/(losses) | - | - |
| Amounts removed to income statement | - | - |
| Reclassifications | - | - |
| Exchange differences | (17) | 73 |
| Valuation gains/(losses) | 1 | 73 |
| Amounts removed to income statement | (18) | - |
| Reclassifications | - | - |
| Non-current assets held for sale | - | - |
| Valuation gains/(losses) | - | - |
| Amounts removed to income statement | - | - |
| Reclassifications | - | - |
| Actuarial gains and losses in post-employment plans | - | - |
| Rest of recognized income and expenses | - | - |
| Income tax | (406) | 2 |
| TOTAL RECOGNIZED INCOME/EXPENSES | 2,267 | 1,304 |
Statement of Changes in Equity for the year ended December 31, 2013 of BBVA, S.A.
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| December 2013 | Millions of Euros | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Stockholder's Equity | Valuation Adjustments |
Total Equity |
||||||||
| Common Stock |
Share premium | Reserves | Other Equity Instruments |
Less: Treasury Stock |
Profit for the Period |
Less: Dividends and Remunerations | Total Stockholders' Equity |
|||
| Balances as of January 1, 2013 | 2,670 | 20,968 | 7,049 | 43 | (41) | 1,428 | (1,334) | 30,783 | (977) | 29,806 |
| Effect of changes in accounting policies | - | - | - | - | - | - | - | - | - | - |
| Effect of correction of errors | - | - | - | - | - | - | - | - | - | - |
| Adjusted initial balance | 2,670 | 20,968 | 7,049 | 43 | (41) | 1,428 | (1,334) | 30,783 | (977) | 29,806 |
| Total income/expense recognized | - | - | - | - | - | 1,406 | - | 1,406 | 861 | 2,267 |
| Other changes in equity | 165 | 1,143 | 335 | - | 21 | (1,428) | 566 | 802 | - | 802 |
| Common stock increase | 71 | - | (71) | - | - | - | - | - | - | - |
| Common stock reduction | - | - | - | - | - | - | - | - | - | - |
| Conversion of financial liabilities into capital | 94 | 1,143 | - | - | - | - | - | 1,237 | - | 1,237 |
| Increase of other equity instruments | - | - | - | 27 | - | - | - | 27 | - | 27 |
| Reclassification of financial liabilities to other equity instruments | - | - | - | - | - | - | - | - | - | - |
| Reclassification of other equity instruments to financial liabilities | - | - | - | - | - | - | - | - | - | - |
| Dividend distribution | - | - | - | - | - | - | (607) | (607) | - | (607) |
| Transactions including treasury stock and other equity instruments (net) | - | - | - | - | 21 | - | - | 21 | - | 21 |
| Transfers between total equity entries | - | - | 107 | (13) | - | (1,428) | 1,334 | - | - | - |
| Increase/Reduction due to business combinations | - | - | 308 | - | - | - | - | 308 | - | 308 |
| Payments with equity instruments | - | - | - | - | - | - | - | - | - | - |
| Rest of increase/reductions in total equity | - | - | (9) | (14) | - | - | (161) | (184) | - | (184) |
| Of which: | - | - | - | - | - | - | - | - | - | - |
| Acquisition of the free allotment rights | - | - | - | - | - | - | (161) | (161) | - | (161) |
| Balances as of December 31, 2013 | 2,835 | 22,111 | 7,384 | 43 | (20) | 1,406 | (768) | 32,991 | (116) | 32,875 |
Statement of Changes in Equity for the year ended December 31, 2012 of BBVA, S.A.
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| December 2012 | Millions of Euros | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Stockholder's Equity | Valuation Adjustments |
Total Equity |
||||||||
| Common Stock |
Share premium | Reserves | Other Equity Instruments |
Less: Treasury Stock |
Profit for the Period |
Less: Dividends and Remunerations | Total Stockholders' Equity |
|||
| Balances as of January 1, 2012 | 2,403 | 18,970 | 6,817 | 29 | (19) | 1,428 | (1,124) | 28,504 | (853) | 27,651 |
| Effect of changes in accounting policies | - | - | - | - | - | - | - | - | - | - |
| Effect of correction of errors | - | - | - | - | - | - | - | - | - | - |
| Adjusted initial balance | 2,403 | 18,970 | 6,817 | 29 | (19) | 1,428 | (1,124) | 28,504 | (853) | 27,651 |
| Total income/expense recognized | - | - | - | - | - | 1,428 | - | 1,428 | (124) | 1,304 |
| Other changes in equity | 267 | 1,998 | 232 | 14 | (22) | (1,428) | (210) | 851 | - | 851 |
| Common stock increase | 73 | - | (73) | - | - | - | - | - | - | - |
| Common stock reduction | - | - | - | - | - | - | - | - | - | - |
| Conversion of financial liabilities into capital | 194 | 1,998 | - | - | - | - | - | 2,192 | - | 2,192 |
| Increase of other equity instruments | - | - | - | 17 | - | - | - | 17 | - | 17 |
| Reclassification of financial liabilities to other equity instruments | - | - | - | - | - | - | - | - | - | - |
| Reclassification of other equity instruments to financial liabilities | - | - | - | - | - | - | - | - | - | - |
| Dividend distribution | - | - | - | - | - | - | (1,083) | (1,083) | - | (1,083) |
| Transactions including treasury stock and other equity instruments (net) | - | - | 17 | - | (22) | - | - | (5) | - | (5) |
| Transfers between total equity entries | - | - | 289 | 15 | - | (1,428) | 1,124 | - | - | - |
| Increase/Reduction due to business combinations | - | - | - | - | - | - | - | - | - | - |
| Payments with equity instruments | - | - | - | - | - | - | - | - | - | - |
| Rest of increase/reductions in total equity | - | - | (1) | (18) | - | - | (251) | (270) | - | (270) |
| Of which: | - | - | - | - | - | - | - | - | - | - |
| Acquisition of the free allotment rights | - | - | - | - | - | - | (251) | (251) | - | (251) |
| Balances as of December 31, 2012 | 2,670 | 20,968 | 7,049 | 43 | (41) | 1,428 | (1,334) | 30,783 | (977) | 29,806 |
Cash Flows Statements for the year ended December 31, 2013 and 2012 of BBVA, S.A.
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|
|
Millions of Euros | |
|---|---|---|
| December 2013 |
December 2012 |
|
| CASH FLOW FROM OPERATING ACTIVITIES (1) | 3,912 | 1,464 |
| Profit for the period | 1,406 | 1,428 |
| Adjustments to obtain the cash flow from operating activities: | 3,885 | 1,378 |
| Amortization | 502 | 380 |
| Other adjustments | 3,383 | 998 |
| Net increase/decrease in operating assets | (13,658) | (8,147) |
| Financial assets held for trading | (7,139) | 7,233 |
| Other financial assets at fair value through profit or loss | - | - |
| Available-for-sale financial assets | 10,203 | 7,691 |
| Loans and receivables | (6,506) | (25,893) |
| Other operating assets | (10,216) | 2,822 |
| Net increase/decrease in operating liabilities | (14,063) | (8,738) |
| Financial liabilities held for trading | (9,835) | 4,468 |
| Other financial liabilities designated at fair value through profit or loss | - | - |
| Financial liabilities at amortized cost | (4,592) | (12,931) |
| Other operating liabilities | 364 | (275) |
| Collection/Payments for income tax | (974) | (751) |
| CASH FLOWS FROM INVESTING ACTIVITIES (2) | (3,101) | (239) |
| Investment | 6,957 | 1,811 |
| Tangible assets | 517 | 167 |
| Intangible assets | 498 | 353 |
| Investments | 4,895 | 77 |
| Subsidiaries and other business units | - | - |
| Non-current assets held for sale and associated liabilities | 1,047 | 1,154 |
| Held-to-maturity investments | - | 60 |
| Other settlements related to investing activities | - | - |
| Divestments | 3,856 | 1,572 |
| Tangible assets | 28 | 12 |
| Intangible assets | - | - |
| Investments | 1,359 | 67 |
| Subsidiaries and other business units | - | - |
| Non-current assets held for sale and associated liabilities | 2,030 | 640 |
| Held-to-maturity investments | 439 | 853 |
| Other collections related to investing activities | - | - |
| CASH FLOWS FROM FINANCING ACTIVITIES (3) | 168 | (3,774) |
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| CASH FLOWS STATEMENTS (Continued) | Millions of Euros | |
|---|---|---|
| December 2013 |
December 2012 |
|
| CASH FLOWS FROM FINANCING ACTIVITIES (3) | 168 | (3,774) |
| Investment | 3,735 | 6,348 |
| Dividends | 1,313 | 1,279 |
| Subordinated liabilities | 88 | 2,360 |
| Treasury stock amortization | - | - |
| Treasury stock acquisition | 2,325 | 2,573 |
| Other items relating to financing activities | 9 | 136 |
| Divestments | 3,903 | 2,574 |
| Subordinated liabilities | 1,559 | - |
| Common stock increase | - | - |
| Treasury stock disposal | 2,344 | 2,574 |
| Other items relating to financing activities | - | - |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH OR CASH EQUIVALENTS (4) | 27 | (1) |
| NET INCREASE/DECREASE IN CASH OR CASH EQUIVALENTS (1+2+3+4) | 1,006 | (2,550) |
| CASH OR CASH EQUIVALENTS AT BEGINNING OF THE PERIOD | 11,079 | 13,629 |
| CASH OR CASH EQUIVALENTS AT END OF THE PERIOD | 12,085 | 11,079 |
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| COMPONENTS OF CASH AND EQUIVALENTS AT END OF THE PERIOD | Millions of Euros | |
|---|---|---|
| December 2013 |
December 2012 |
|
| Cash | 659 | 587 |
| Balance of cash equivalent in central banks | 11,426 | 10,492 |
| Other financial assets | - | - |
| Less: Bank overdraft refundable on demand | - | - |
| TOTAL CASH OR CASH EQUIVALENTS AT END OF THE PERIOD | 12,085 | 11,079 |