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financial statements 2013

APPENDIX X. Financial Statements of Banco Bilbao Vizcaya Argentaria, S.A.

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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

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