26. Share premium

1. Introduction, basis for the presentation of the consolidated financial statements, internal control of financial information and other 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 designated at fair value through profit or loss
12. Available-for-sale financial assets
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. Post-employment commitments and others
25. Common stock
26. Share premium
27. Reserves
28. Treasury stock
29. Valuation adjustments
30. Non-controlling interests
31. Capital base, capital management and liquidity 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 received by the Board of Directors and members of the Bank’s Senior Management
54. Other information
55. Subsequent events
56. Explanation added for translation into English

The changes in the balances under this heading in the accompanying consolidated balance sheets are due to the common stock increases carried out in 2014 and 2013 (see Note 25), as set out below:

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	Millions of euros
Capital Increase	Share premium
As of January 1, 2013	20,968
Convertible bonds conversion - July 2013	1,143
As of December 31, 2013	22,111
Capital increase - November 2014	1,881
As of December 31, 2014	23,992
As of December 31, 2015	23,992

The amended Spanish Corporation Act expressly permits the use of the share premium balance to increase capital and establishes no specific restrictions as to its use.

financial statements 2015

26. Share premium