48. Gains (losses) on derecognized assets not classified as non-current assets held for sale

1. Introduction, basis for the presentation of the consolidated financial statements and internal control of financial information.
2. Principles of consolidation, accounting policies and measurement bases applied and recent IFRS pronouncements
3. BBVA Group
4. Shareholder remuneration system and allocation of earnings
5. Earnings per share
6. Operating segment reporting
7. Risk management
8. Fair value
9. Cash and balances with central banks
10. Financial assets and liabilities held for trading
11. Other financial assets and liabilities at fair value through profit or loss
12. Available-for-sale financial assets and Held-to-maturity investment
13. Loans and receivables
14. Hedging derivatives (receivable and payable) and Fair-value changes of the hedged items in portfolio hedges of interest-rate risk
15. Non-current assets held for sale and liabilities associated with non-current assets held for sale
16. Investments in entities accounted for using the equity method
17. Tangible assets
18. Intangible assets
19. Tax assets and liabilities
20. Other assets and liabilities
21. Financial liabilities at amortized cost
22. Insurance and reinsurance contracts
23. Provisions
24. Pensions and other post-employment commitments
25. Common stock
26. Share premium
27. Reserves
28. Treasury stock
29. Valuation adjustments
30. Non-controlling interests
31. Capital base and capital management
32. Contingent risks and commitments
33. Other contingent assets and liabilities
34. Purchase and sale commitments and future payment obligations
35. Transactions on behalf of third parties
36. Interest income and expense and similar items
37. Income from equity instruments
38. Share of profit or loss of entities accounted for using the equity method
39. Fee and commission income
40. Fee and commission expenses
41. Net gains (losses) on financial assets and liabilities (net)
42. Other operating income and expenses
43. Administration costs
44. Depreciation and amortization
45. Provisions (net)
46. Impairment losses on financial assets (net)
47. Impairment losses on other assets (net)
48. Gains (losses) on derecognized assets not classified as non-current assets held for sale
49. Gains (losses) on non-current assets held for sale
50. Consolidated statements of cash flows
51. Accountant fees and services
52. Related-party transactions
53. Remuneration and other benefits of the Board of Directors and Members of the Bank’s Management Committee
54. Other information
55. Subsequent events
56. Explanation added for translation into English

The breakdown of the balance under this heading in the accompanying consolidated income statements is as follows:

Gains and Losses on Derecognized Assets Not Classified as Non-current Assets Held for Sale	Millions of Euros
	2014	2013	2012
Gains
Disposal of investments in subsidiaries	28	67	31
Disposal of tangible assets and other	38	637	22
Losses:
Disposal of investments in subsidiaries	-	(2,601)	(25)
Disposal of tangible assets and other	(20)	(18)	(25)
Total	46	(1,915)	3

During 2013, the heading “Losses - Disposal of investments in subsidiaries” included, mainly, the realized losses for the sale of the stake in CNCB. The heading “Gains - Disposal of tangible assets and other” included the realized gains of the reinsurance agreement that has been registered with the reinsurance entity Scor Global Life.

financial statements 2014

48. Gains (losses) on derecognized assets not classified as non-current assets held for sale