15. Non-current assets held for sale and liabilities associated with non-current assets held for sale

The composition of the balance under the heading “Non-current assets held for sale” in the accompanying consolidated balance sheets, broken down by the origin of the assets, is as follows:

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	Millions of euros
Non-Current Assets Held-for-Sale and Liabilities Associated	2015	2014	2013
Foreclosures and recoveries	3,991	3,330	3,099
Foreclosures	3,775	3,144	2,914
Recoveries from financial leases	216	186	185
Other assets from:	706	315	302
Property, plants and equipment	431	272	270
Operating leases	275	43	32
Business sale - Assets (*)	37	924	92
Accrued amortization (**)	(80)	(74)	(49)
Impairment losses	(1,285)	(702)	(565)
Total Non-Current Assets Held-for-Sale	3,369	3,793	2,880

(*) As of December 31, 2015, mainly included the investment in CIFH (see Note 3 (**) Net of accumulated amortization until reclassified as non-current assets held for sale.

The changes in the balances of “Non-current assets available for sale” in 2015, 2014 and 2013 are as follows:

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		Millions of euros
	Notes	Foreclosed Assets		From Own Use Assets (*)	Other assets (**)	Total
Non-Current Assets Held-for-Sale Changes in the year 2015		Foreclosed Assets through Auction Proceeding	Recovered Assets from Finance Leases
Cost (1)
Balance at the beginning		3,144	186	241	924	4,495
Additions		801	94	79	-	974
Contributions from merger transactions		446	1	163	-	609
Retirements (sales and other decreases)		(586)	(53)	(163)	(887)	(1,688)
Transfers, other movements and exchange differences		(30)	(13)	307	-	264
Balance at the end		3,775	216	626	37	4,654
Impairment (2)
Balance at the beginning		578	53	70	-	702
Additions	49	208	11	66	-	285
Contributions from merger transactions		328	-	75	-	404
Retirements (sales and other decreases)		(117)	(14)	(39)	-	(170)
Other movements and exchange differences		(4)	2	66	-	64
Balance at the end		994	52	240	-	1,285
Balance at the end of Net carrying value (1)-(2)		2,781	164	387	37	3,369

(*) Net of accumulated amortization until reclassified as non-current assets held for sale (**) Business sale agreement (Note 3) Download Excel

		Millions of euros
	Notes	Foreclosed Assets		From Own Use Assets (*)	Other assets (**)	Total
Activos no corrientes en venta Movimientos en el ejercicio 2014		Foreclosed Assets through Auction Proceeding	Recovered Assets from Finance Leases
Cost (1)
Balance at the beginning		2,914	186	253	92	3,445
Additions		783	50	82	-	916
Contributions from merger transactions		-	-	-	-	-
Retirements (sales and other decreases)		(565)	(36)	(161)	-	(762)
Transfers, other movements and exchange differences		12	(14)	67	832	897
Balance at the end		3,144	187	241	924	4,495
Impairment (2)
Balance at the beginning		420	45	99	-	565
Additions	49	391	12	4	-	406
Contributions from merger transactions		-	-	-	-	-
Retirements (sales and other decreases)		(140)	(7)	(51)	-	(198)
Transfers, other movements and exchange differences		(93)	3	19	-	(71)
Balance at the end		578	53	71	-	702
Balance at the end of Net carrying value (1)-(2)		2,565	134	170	924	3,793

(*) Net of accumulated amortization until reclassified as non-current assets held for sale (**) Business sale agreement (Note 3) Download Excel

		Millions of euros
	Notes	Foreclosed Assets		From Own Use Assets (*)	Other assets (**)	Total
Activos no corrientes en venta Movimientos en el ejercicio 2013		Foreclosed Assets through Auction Proceeding	Recovered Assets from Finance Leases
Cost (1)
Balance at the beginning		2,877	167	121	1,536	4,702
Additions		940	84	69	-	1,093
Contributions from merger transactions		-	1	-	-	1
Retirements (sales and other decreases)		(569)	(58)	(117)	(1,536)	(2,280)
Transfers, other movements and exchange differences		(334)	(9)	180	92	(72)
Balance at the end		2,914	186	253	92	3,445
Impairment (2)
Balance at the beginning		415	42	15	-	472
Additions	49	569	29	3	-	602
Contributions from merger transactions		-	-	-	-	-
Retirements (sales and other decreases)		(118)	(15)	(15)	-	(147)
Transfers, other movements and exchange differences		(447)	(12)	96	-	(363)
Balance at the end		420	45	99	-	565
Balance at the end of Net carrying value (1)-(2)		2,494	141	154	92	2,880

(*) Net of accumulated amortization until reclassified as non-current assets held for sale (**) Business sale agreement (Note 3)

Assets from foreclosures or recoveries

As of December 31, 2015, 2014 and 2013, assets from foreclosures and recoveries, net of impairment losses, by nature of the asset, amounted to €2,415, €2,330 and €2,279 million in assets for residential use; €486, €342 and €326 million in assets for tertiary use (industrial, commercial or office) and €44, €26 and €29 million in assets for agricultural use, respectively.

In December 31, 2015, 2014 and 2013, the average sale time of assets from foreclosures or recoveries was between 2 and 3 years.

During the years 2015, 2014 and 2013, some of the sale transactions for these assets were financed by Group companies. The amount of loans to buyers of these assets in those years amounted to €179, €165 and €118 million, respectively; with an average financing of 74% of the sales price.

As of December 31, 2015, 2014 and 2013, the amount of the profits arising from the sale of Group companies financed assets - and therefore not recognized in the consolidated income statement - amounted to €18, €22 and €24 million, respectively.