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financial statements 2014

17. Tangible assets

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The breakdown of the balance and changes of this heading in the accompanying consolidated balance sheets, according to the nature of the related items, is as follows:

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Millions of Euros

For Own Use Total tangible
asset of
Own Use
Investment
Properties
Assets Leased out
under an
Operating
Lease
Total
Tangible Assets. Breakdown by Type of Assets and Changes in the year 2014 Land
and
Buildings
Work in
Progress
Furniture,
Fixtures and
Vehicles
Cost -






Balance at the beginning 3,980 715 6,827 11,522 2,519 705 14,747
Additions 153 517 568 1,238 4 176 1,418
Retirements (48) (32) (697) (777) (96) (38) (911)
Acquisition of subsidiaries in the year - - - - - - -
Disposal of entities in the year - - - - - - -
Transfers (30) (94) 33 (91) (41) (173) (305)
Exchange difference and other 113 (21) (827) (735) (206) 4 (937)
Balance at the end 4,168 1,085 5,904 11,157 2,180 674 14,012

Accrued depreciation -







Balance at the beginning 1,179 - 4,801 5,980 102 233 6,314
Additions (Note 47) 94 - 495 589 22 - 611
Retirements (20) - (669) (689) (6) (1) (696)
Acquisition of subsidiaries in the year - - - - - - -
Disposal of entities in the year - - - - - - -
Transfers (11) - (17) (28) (1) (20) (49)
Exchange difference and other 13 - (857) (844) (15) 14 (845)
Balance at the end 1,255 - 3,753 5,008 102 226 5,335

Impairment -







Balance at the beginning 153 - 15 168 727 6 900
Additions 25 - 10 35 61 - 97
Retirements (1) - - (1) (46) - (47)
Acquisition of subsidiaries in the year - - - - - - -
Exchange difference and other (29) - (9) (38) (55) - (93)
Balance at the end 148 - 16 164 687 6 857
Net tangible assets -






Balance at the beginning 2,647 715 2,011 5,373 1,693 468 7,534
Balance at the end 2,764 1,085 2,135 5,985 1,392 443 7,819
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Millions of Euros

For Own Use Total tangible
asset of
Own Use
Investment
Properties
Assets Leased out
under an
Operating
Lease
Total
Tangible Assets. Breakdown by Type of Assets and Changes in the year 2013 Land
and
Buildings
Work in
Progress
Furniture,
Fixtures and
Vehicles
Cost -






Balance at the beginning 4,071 505 6,746 11,322 2,609 768 14,700
Additions 108 406 507 1,021 87 144 1,252
Retirements (12) (11) (378) (402) (52) (1) (455)
Acquisition of subsidiaries in the year - - - - - - -
Disposal of entities in the year - - - - - - -
Transfers 45 (150) 109 4 (122) (155) (272)
Exchange difference and other (232) (35) (156) (423) (3) (52) (478)
Balance at the end 3,980 715 6,827 11,522 2,519 705 14,747

Accrued depreciation -







Balance at the beginning 1,144 - 4,811 5,956 95 237 6,287
Additions (Note 47) 101 - 459 560 21 - 581
Retirements (6) - (342) (347) (2) - (350)
Acquisition of subsidiaries in the year - - - - - - -
Disposal of entities in the year - - - - - - -
Transfers (2) - (16) (18) (2) (7) (26)
Exchange difference and other (58) - (112) (169) (11) 2 (178)
Balance at the end 1,179 - 4,801 5,980 102 233 6,314

Impairment -







Balance at the beginning 177 - 13 189 646 6 841
Additions 17 - 15 32 127 - 160
Retirements (4) - - (4) - - (4)
Acquisition of subsidiaries in the year - - - - - - -
Exchange difference and other - - - - - - -
Balance at the end 153 - 15 168 727 6 900
Net tangible assets -






Balance at the beginning 2,750 505 1,922 5,177 1,870 525 7,572
Balance at the end 2,647 715 2,011 5,373 1,693 468 7,534
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Millions of Euros

For Own Use Total tangible
asset of
Own Use
Investment
Properties
Assets Leased out
under an
Operating
Lease
Total
Tangible Assets. Breakdown by Type of Assets and Changes in the year 2012 Land
and
Buildings
Work in
Progress
Furniture,
Fixtures and
Vehicles
Cost -






Balance at the beginning 3,552 349 5,993 9,894 1,911 1,200 13,005
Additions 86 262 442 789 48 226 1,063
Retirements (42) (19) (109) (170) (41) (31) (243)
Acquisition of subsidiaries in the year 442 1 257 699 752 - 1,451
Disposal of entities in the year - - - - - - -
Transfers 14 (93) 19 (61) (56) (192) (308)
Exchange difference and other 20 7 145 171 (4) (435) (267)
Balance at the end 4,071 505 6,746 11,322 2,609 768 14,700

Accrued depreciation -







Balance at the beginning 1,005 - 4,139 5,144 50 352 5,546
Additions (Note 47) 98 - 446 544 22 - 565
Retirements (10) - (90) (100) (3) (31) (134)
Acquisition of subsidiaries in the year 37 - 210 248 29 - 277
Disposal of entities in the year - - - - - - -
Transfers - - 1 1 (0) (97) (97)
Exchange difference and other 15 - 104 119 (2) 12 129
Balance at the end 1,144 - 4,811 5,956 95 237 6,287

Impairment -







Balance at the beginning 37 - 11 47 273 12 332
Additions - - - 1 89 - 90
Retirements (1) - - (1) (108) (1) (110)
Acquisition of subsidiaries in the year 135 - - 135 417 - 552
Exchange difference and other 6 - 2 7 (25) (4) (22)
Balance at the end 177 - 13 189 646 6 841
Net tangible assets -






Balance at the beginning 2,510 349 1,842 4,702 1,589 836 7,126
Balance at the end 2,750 505 1,922 5,177 1,870 525 7,572

As of December 31, 2014 the cost of fully amortized tangible assets that remained in use was €2,198 million while its recoverable residual value was not significant.

The balance of amortizations in this heading during the years ended December 31, 2014, 2013 and 2012 are provided in Note 44.

As of December 31, 2014, 2013 and 2012 the amount of tangible assets under financial lease schemes on which it is expected to exercise the purchase option was not significant.

The main activity of the Group is carried out through a network of bank branches located geographically as shown in the following table:

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Branches by Geographical Location Number of Branches
2014 2013 2012
Spain 3,112 3,230 3,518
Mexico 1,831 1,794 1,888
South America 1,676 1,590 1,644
The United States 672 685 707
Rest of the world 80 121 121
Total 7,371 7,420 7,878

The following table shows the detail of the net carrying amount of the tangible assets corresponding to Spanish and foreign subsidiaries as of December 31, 2014, 2013 and 2012:

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Tangible Assets by Spanish and Foreign Subsidiaries
Net Assets Values
Millions of Euros
2014 2013 2012
Foreign subsidiaries 3,737 3,157 3,006
BBVA and Spanish subsidiaries 4,083 4,377 4,567
Total 7,820 7,534 7,572
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