Consolidated balance sheets as of December 31, 2017, 2016 and 2015
ASSETS (Millions of Euros)
|
Notes |
2017 |
2016(*) |
2015(*) |
CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEMAND DEPOSITS |
9 |
42,680 |
40,039 |
29,282 |
FINANCIAL ASSETS HELD FOR TRADING |
10 |
64,695 |
74,950 |
78,326 |
Derivatives |
|
35,265 |
42,955 |
40,902 |
Equity instruments |
|
6,801 |
4,675 |
4,534 |
Debt securities |
|
22,573 |
27,166 |
32,825 |
Loans and advances to central banks |
|
- |
- |
- |
Loans and advances to credit institutions |
|
- |
- |
- |
Loans and advances to customers |
|
56 |
154 |
65 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS |
11 |
2,709 |
2,062 |
2,311 |
Equity instruments |
|
1,888 |
1,920 |
2,075 |
Debt securities |
|
174 |
142 |
173 |
Loans and advances to central banks |
|
- |
- |
- |
Loans and advances to credit institutions |
|
- |
- |
62 |
Loans and advances to customers |
|
648 |
- |
- |
AVAILABLE-FOR-SALE FINANCIAL ASSETS |
12 |
69,476 |
79,221 |
113,426 |
Equity instruments |
|
3,224 |
4,641 |
5,116 |
Debt securities |
|
66,251 |
74,580 |
108,310 |
LOANS AND RECEIVABLES |
13 |
431,521 |
465,977 |
471,828 |
Debt securities |
|
10,339 |
11,209 |
10,516 |
Loans and advances to central banks |
|
7,300 |
8,894 |
17,830 |
Loans and advances to credit institutions |
|
26,261 |
31,373 |
29,317 |
Loans and advances to customers |
|
387,621 |
414,500 |
414,165 |
HELD-TO-MATURITY INVESTMENTS |
14 |
13,754 |
17,696 |
- |
HEDGING DERIVATIVES |
15 |
2,485 |
2,833 |
3,538 |
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK |
15 |
(25) |
17 |
45 |
JOINT VENTURES, ASSOCIATES AND UNCONSOLIDATED SUBSIDIARIES |
16 |
1,588 |
765 |
879 |
Joint ventures |
|
256 |
229 |
243 |
Associates |
|
1,332 |
536 |
636 |
INSURANCE AND REINSURANCE ASSETS |
23 |
421 |
447 |
511 |
TANGIBLE ASSETS |
17 |
7,191 |
8,941 |
9,944 |
Property, plants and equipment |
|
6,996 |
8,250 |
8,477 |
For own use |
|
6,581 |
7,519 |
8,021 |
Other assets leased out under an operating lease |
|
415 |
732 |
456 |
Investment properties |
|
195 |
691 |
1,467 |
INTANGIBLE ASSETS |
18 |
8,464 |
9,786 |
10,052 |
Goodwill |
|
6,062 |
6,937 |
6,915 |
Other intangible assets |
|
2,402 |
2,849 |
3,137 |
TAX ASSETS |
19 |
16,888 |
18,245 |
17,779 |
Current |
|
2,163 |
1,853 |
1,901 |
Deferred |
|
14,725 |
16,391 |
15,878 |
OTHER ASSETS |
20 |
4,359 |
7,274 |
8,565 |
Insurance contracts linked to pensions |
|
- |
- |
- |
Inventories |
|
229 |
3,298 |
4,303 |
Other |
|
4,130 |
3,976 |
4,263 |
NON-CURRENT ASSETS AND DISPOSAL GROUPS HELD FOR SALE |
21 |
23,853 |
3,603 |
3,369 |
TOTAL ASSETS |
|
690,059 |
731,856 |
749,855 |
- (*) Presented for comparison purposes only (Note 1.3).
The accompanying Notes 1 to 57 and Appendices I to XIII are an integral part of the consolidated financial statements as of December 31, 2017.
Download table
Consolidated balance sheets as of December 31, 2017, 2016 and 2015
LIABILITIES AND EQUITY (Millions of Euros)
|
Notes |
2017 |
2016(*) |
2015(*) |
FINANCIAL LIABILITIES HELD FOR TRADING |
10 |
46,182 |
54,675 |
55,202 |
Trading derivatives |
|
36,169 |
43,118 |
42,149 |
Short positions |
|
10,013 |
11,556 |
13,053 |
Deposits from central banks |
|
- |
- |
- |
Deposits from credit institutions |
|
- |
- |
- |
Customer deposits |
|
- |
- |
- |
Debt certificates |
|
- |
- |
- |
Other financial liabilities |
|
- |
- |
- |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS |
11 |
2,222 |
2,338 |
2,649 |
Deposits from central banks |
|
- |
- |
- |
Deposits from credit institutions |
|
- |
- |
- |
Customer deposits |
|
- |
- |
- |
Debt certificates |
|
- |
- |
- |
Other financial liabilities |
|
2,222 |
2,338 |
2,649 |
Of which: Subordinated liabilities |
|
- |
- |
- |
FINANCIAL LIABILITIES AT AMORTIZED COST |
22 |
543,713 |
589,210 |
606,113 |
Deposits from central banks |
|
37,054 |
34,740 |
40,087 |
Deposits from credit institutions |
|
54,516 |
63,501 |
68,543 |
Customer Deposits |
|
376,379 |
401,465 |
403,362 |
Debt certificates |
|
63,915 |
76,375 |
81,980 |
Other financial liabilities |
|
11,850 |
13,129 |
12,141 |
Of which: Subordinated liabilities |
|
17,316 |
17,230 |
16,109 |
HEDGING DERIVATIVES |
15 |
2,880 |
2,347 |
2,726 |
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK |
15 |
(7) |
- |
358 |
LIABILITIES UNDER INSURANCE AND REINSURANCE CONTRACTS |
23 |
9,223 |
9,139 |
9,407 |
PROVISIONS |
24 |
7,477 |
9,071 |
8,852 |
Provisions for pensions and similar obligations |
25 |
5,407 |
6,025 |
6,299 |
Other long term employee benefits |
|
67 |
69 |
68 |
Provisions for taxes and other legal contingencies |
|
756 |
418 |
616 |
Provisions for contingent risks and commitments |
|
578 |
950 |
714 |
Other provisions |
|
669 |
1,609 |
1,155 |
TAX LIABILITIES |
19 |
3,298 |
4,668 |
4,656 |
Current |
|
1,114 |
1,276 |
1,238 |
Deferred |
|
2,184 |
3,392 |
3,418 |
OTHER LIABILITIES |
20 |
4,550 |
4,979 |
4,610 |
LIABILITIES INCLUDED IN DISPOSAL GROUPS CLASSIFIED AS HELD FOR SALE |
|
17,197 |
- |
- |
TOTAL LIABILITIES |
|
636,736 |
676,428 |
694,573 |
- (*) Presented for comparison purposes only (Note 1.3).
The accompanying Notes 1 to 57 and Appendix I to XIII are an integral part of the consolidated financial
statements as of December 31, 2017.
Download table
Consolidated balance sheets as of December 31, 2017, 2016 and 2015
LIABILITIES AND EQUITY (Continued) (Millions of Euros)
|
Notes |
2017 |
2016(*) |
2015(*) |
SHAREHOLDERS’ FUNDS |
|
55,136 |
52,821 |
50,639 |
Capital |
26 |
3,267 |
3,218 |
3,120 |
Paid up capital |
|
3,267 |
3,218 |
3,120 |
Unpaid capital which has been called up - - |
|
- |
- |
- |
Share premium |
27 |
23,992 |
23,992 |
23,992 |
Equity instruments issued other than capital |
|
- |
- |
- |
Other equity instruments |
|
54 |
54 |
35 |
Retained earnings |
28 |
25,474 |
23,688 |
22,588 |
Revaluation reserves |
28 |
12 |
20 |
22 |
Other reserves |
28 |
(44) |
(67) |
(98) |
Reserves or accumulated losses of investments in subsidiaries, joint ventures and associates |
|
(44) |
(67) |
(98) |
Other |
|
- |
- |
- |
Less: Treasury shares |
29 |
(96) |
(48) |
(309) |
Profit or loss attributable to owners of the parent |
|
3,519 |
3,475 |
2,642 |
Less: Interim dividends |
4 |
(1,043) |
(1,510) |
(1,352) |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
30 |
(8,792) |
(5,458) |
(3,349) |
Items that will not be reclassified to profit or loss |
|
(1,183) |
(1,095) |
(859) |
Actuarial gains or (-) losses on defined benefit pension plans |
|
(1,183) |
(1,095) |
(859) |
Non-current assets and disposal groups classified as held for sale |
|
- |
- |
- |
Share of other recognized income and expense of investments in subsidiaries, joint ventures and associates |
|
- |
- |
- |
Other adjustments |
|
- |
- |
- |
Items that may be reclassified to profit or loss |
|
(7,609) |
(4,363) |
(2,490) |
Hedge of net investments in foreign operations [effective portion] |
|
1 |
(118) |
(274) |
Foreign currency translation |
|
(9,159) |
(5,185) |
(3,905) |
Cash flow hedges [effective portion] |
|
(34) |
16 |
(49) |
Available-for-sale financial assets |
|
1,641 |
947 |
1,674 |
Non-current assets and disposal groups classified as held for sale |
|
(26) |
- |
- |
Share of other recognized income and expense of investments in subsidiaries, joint ventures and associates |
|
(31) |
(23) |
64 |
MINORITY INTERESTS (NON-CONTROLLING INTEREST) |
31 |
6,979 |
8,064 |
7,992 |
Valuation adjustments |
|
(3,378) |
(2,246) |
(1,333) |
Other |
|
10,358 |
10,310 |
9,325 |
TOTAL EQUITY |
|
53,323 |
55,428 |
55,282 |
TOTAL EQUITY AND TOTAL LIABILITIES |
|
690,059 |
731,856 |
749,855 |
Download table
MEMORANDUM ITEM (OFF-BALANCE SHEET EXPOSURES) (Millions of Euros)
|
Notes |
2017 |
2016(*) |
2015(*) |
Guarantees given |
33 |
47,671 |
50,540 |
49,876 |
Contingent commitments |
33 |
108,881 |
117,573 |
135,733 |
- (*) Presented for comparison purposes only (Note 1.3).
The accompanying Notes 1 to 57 and Appendix I to XIII are an integral part of the consolidated financial
statements as of December 31, 2017.
Download table
Download table
Consolidated income statements for the years ended December 31, 2017, 2016 and 2015
CONSOLIDATED INCOME STATEMENTS (MILLIONS OF EUROS)
|
Notes |
2017 |
2016(*) |
2015(*) |
Interest income |
37.1 |
29,296 |
27,708 |
24,783 |
Interest expense |
37.2 |
(11,537) |
(10,648) |
(8,761) |
NET INTEREST INCOME |
6 |
17,758 |
17,059 |
16,022 |
Dividend income |
38 |
334 |
467 |
415 |
Share of profit or loss of entities accounted for using the equity method |
39 |
4 |
25 |
174 |
Fee and commission income |
40 |
7,150 |
6,804 |
6,340 |
Fee and commission expense |
40 |
(2,229) |
(2,086) |
(1,729) |
Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net |
41 |
985 |
1,375 |
1,055 |
Gains (losses) on financial assets and liabilities held for trading, net |
41 |
218 |
248 |
(409) |
Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net |
41 |
(56) |
114 |
126 |
Gains (losses) from hedge accounting, net |
41 |
(209) |
(76) |
93 |
Exchange differences, net |
41 |
1,030 |
472 |
1,165 |
Other operating income |
42 |
1,439 |
1,272 |
1,315 |
Other operating expense |
42 |
(2,223) |
(2,128) |
(2,285) |
Income from insurance and reinsurance contracts |
43 |
3,342 |
3,652 |
3,678 |
Expense from insurance and reinsurance contracts |
43 |
(2,272) |
(2,545) |
(2,599) |
GROSS INCOME |
6 |
25,270 |
24,653 |
23,362 |
Administration costs |
44 |
(11,112) |
(11,366) |
(10,836) |
Personnel expenses |
44.1 |
(6,571) |
(6,722) |
(6,273) |
Other administrative expenses |
44.2 |
(4,541) |
(4,644) |
(4,563) |
Depreciation and amortization |
45 |
(1,387) |
(1,426) |
(1,272) |
Provisions or reversal of provisions |
46 |
(745) |
(1,186) |
(731) |
Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss |
47 |
(4,803) |
(3,801) |
(4,248) |
Financial assets measured at cost |
|
- |
- |
- |
Available- for-sale financial assets |
|
(1.127) |
(202) |
(23) |
Loans and receivables |
|
(3.677) |
(3.597) |
(4.248) |
Held to maturity investments |
|
1 |
(1) |
- |
NET OPERATING INCOME |
|
7,222 |
6,874 |
6,251 |
Impairment or reversal of impairment of investments in subsidiaries, joint ventures and associates |
|
- |
- |
- |
Impairment or reversal of impairment on non-financial assets |
48 |
(364) |
(521) |
(273) |
Tangible assets |
|
(42) |
(143) |
(60) |
Intangible assets |
|
(16) |
(3) |
(4) |
Other assets |
|
(306) |
(375) |
(209) |
Gains (losses) on derecognition of non financial assets and subsidiaries, net |
49 |
47 |
70 |
(2,135) |
Negative goodwill recognized in profit or loss |
18 |
- |
- |
26 |
Profit (loss) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations |
50 |
26 |
(31) |
734 |
OPERATING PROFIT BEFORE TAX |
6 |
6,931 |
6,392 |
4,603 |
Tax expense or income related to profit or loss from continuing operations |
19 |
(2,169) |
(1,699) |
(1,274) |
PROFIT FROM CONTINUING OPERATIONS |
|
4,762 |
4,693 |
3,328 |
Profit from discontinued operations, net |
|
- |
- |
- |
PROFIT |
|
4,762 |
4,693 |
3,328 |
Attributable to minority interest [non-controlling interest] |
31 |
1,243 |
1,218 |
686 |
Attributable to owners of the parent |
6 |
3,519 |
3,475 |
2,642 |
Download table
|
Notes |
2017 |
2016(*) |
2015(*) |
EARNINGS PER SHARE (Euros) |
5 |
0.48 |
0.49 |
0.37 |
Basic earnings per share from continued operations |
|
0.48 |
0.49 |
0.37 |
Diluted earnings per share from continued operations |
|
0.48 |
0.49 |
0.37 |
Basic earnings per share from discontinued operations |
|
- |
- |
- |
Diluted earnings per share from discontinued operations |
|
- |
- |
- |
- (*) Presented for comparison purposes only (Note 1.3).
The accompanying Notes 1 to 57 and Appendix I to XIII are an integral part of the consolidated financial statements as of December 31, 2017.
Download table
Consolidated statements of recognized income and expenses for the years ended December 31, 2017, 2016 and 2015
CONSOLIDATED STATEMENTS OF RECOGNIZED INCOME AND EXPENSES (MILLIONS OF EUROS)
|
2017 |
2016(*) |
2015(*) |
PROFIT RECOGNIZED IN INCOME STATEMENT |
4,762 |
4,693 |
3,328 |
OTHER RECOGNIZED INCOME (EXPENSES) |
(4,467) |
(3,022) |
(4,280) |
ITEMS NOT SUBJECT TO RECLASSIFICATION TO INCOME STATEMENT |
(91) |
(240) |
(74) |
Actuarial gains and losses from defined benefit pension plans |
(96) |
(303) |
(135) |
Non-current assets available for sale |
- |
- |
- |
Entities under the equity method of accounting |
- |
- |
8 |
Income tax related to items not subject to reclassification to income statement |
5 |
63 |
53 |
ITEMS SUBJECT TO RECLASSIFICATION TO INCOME STATEMENT |
(4,376) |
(2,782) |
(4,280) |
Hedge of net investments in foreign operations [effective portion] |
80 |
166 |
88 |
Valuation gains or (losses) taken to equity |
112 |
166 |
88 |
Transferred to profit or loss |
- |
- |
- |
Other reclassifications |
(32) |
- |
- |
Foreign currency translation |
(5,110) |
(2,167) |
(2,911) |
Valuation gains or (losses) taken to equity |
(5,119) |
(2,120) |
(3,154) |
Transferred to profit or loss |
(22) |
(47) |
243 |
Other reclassifications |
31 |
- |
- |
Cash flow hedges [effective portion] |
(67) |
80 |
4 |
Valuation gains or (losses) taken to equity |
(122) |
134 |
47 |
Transferred to profit or loss |
55 |
(54) |
(43) |
Transferred to initial carrying amount of hedged items |
- |
- |
- |
Other reclassifications |
- |
- |
- |
Available-for-sale financial assets |
719 |
(694) |
(3,196) |
Valuation gains or (losses) taken to equity |
384 |
438 |
(1,341) |
Transferred to profit or loss |
347 |
(1,248) |
(1,855) |
Other reclassifications |
(12) |
116 |
- |
Non-current assets held for sale |
(20) |
- |
- |
Valuation gains or (losses) taken to equity |
- |
- |
- |
Transferred to profit or loss |
- |
- |
- |
Other reclassifications |
(20) |
- |
- |
Entities accounted for using the equity method |
(13) |
(89) |
861 |
Income tax |
35 |
(78) |
948 |
TOTAL RECOGNIZED INCOME/EXPENSES |
295 |
1,671 |
(952) |
Attributable to minority interest [non-controlling interests] |
110 |
305 |
(594) |
Attributable to the parent company |
185 |
1,366 |
(358) |
- (*) Presented for comparison purposes only (Note 1.3).
The accompanying Notes 1 to 57 and Appendix I to XIII are an integral part of the consolidated financial statements as of December 31, 2017.
Download table
Consolidated statements of changes in equity for the years ended December 31, 2017, 2016 and 2015
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (MILLIONS OF EUROS)
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlling interest |
|
2017 |
Capital (Note 26) |
Share Premium (Note 27) |
Equity instruments issued other than capital |
Other Equity |
Retained earnings (Note 28) |
Revaluation reserves (Note 28) |
Other reserves (Note 28) |
(-) Treasury shares (Note 29) |
Profit or loss attributable to owners of the parent |
Interim dividends (Note 4) |
Accumulated other comprehensive income (Note 30) |
Valuation adjustments (Note 31) |
Other (Note 31) |
Total |
Balances as of January 1, 2017 |
3,218 |
23,992 |
- |
54 |
23,688 |
20 |
(67) |
(48) |
3,475 |
(1,510) |
(5,458) |
(2,246) |
10,310 |
55,428 |
Total income/expense recognized |
- |
- |
- |
- |
- |
- |
- |
- |
3,519 |
- |
(3,334) |
(1,133) |
1,243 |
295 |
Other changes in equity |
50 |
- |
- |
- |
1,786 |
(8) |
24 |
(48) |
(3,475) |
467 |
- |
- |
(1,195) |
(2,400) |
Issuances of common shares |
50 |
- |
- |
- |
(50) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Issuances of preferred shares |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Issuance of other equity instruments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Settlement or maturity of other equity instruments issued |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Conversion of debt on equity |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Common stock reduction |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend distribution |
- |
- |
- |
- |
9 |
- |
(9) |
- |
- |
(900) |
- |
- |
(290) |
(1,189) |
Purchase of treasury shares |
- |
- |
- |
- |
- |
- |
(1,674) |
- |
- |
- |
- |
- |
- |
(1,674) |
Sale or cancellation of treasury shares |
- |
- |
- |
- |
1 |
- |
- |
1,626 |
- |
- |
- |
- |
- |
1,627 |
Reclassification of financial liabilities to other equity instruments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Reclassification of other equity instruments to financial liabilities |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Transfers within total equity |
- |
- |
- |
- |
1,932 |
(8) |
41 |
- |
(3,475) |
1,510 |
- |
- |
- |
- |
Increase/Reduction of equity due to business combinations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Share based payments |
- |
- |
- |
(22) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
(22) |
Other increases or (-) decreases in equity |
- |
- |
- |
22 |
(107) |
- |
(7) |
- |
- |
(144) |
- |
- |
(905) |
(1,141) |
Balances as of December 31, 2017 |
3,267 |
23,992 |
- |
54 |
25,474 |
12 |
(44) |
(96) |
3,519 |
(1,043) |
(8,792) |
(3,378) |
10,358 |
53,323 |
The accompanying Notes 1 to 57 and Appendix I to XIII are an integral part of the consolidated financial statements as of December 31, 2017.
Download table
Consolidated statements of changes in equity for the years ended December 31, 2017, 2016 and 2015
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (MILLIONS OF EUROS)
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlling interest |
|
2016 (*) |
Capital (Note 26) |
Share Premium (Note 27) |
Equity instruments issued other than capital |
Other Equity |
Retained earnings (Note 28) |
Revaluation reserves (Note 28) |
Other reserves (Note 28) |
(-) Treasury shares (Note 29) |
Profit or loss attributable to owners of the parent |
Interim dividends (Note 4) |
Accumulated other comprehensive income (Note 30) |
Valuation adjustments (Note 31) |
Other (Note 31) |
Total |
Balances as of January 1, 2016 |
3,120 |
23,992 |
- |
35 |
22,588 |
22 |
(98) |
(309) |
2,642 |
(1,352) |
(3,349) |
(1,333) |
9,325 |
55,281 |
Total income/expense recognized |
- |
- |
- |
- |
- |
- |
- |
- |
3,475 |
- |
(2,109) |
(913) |
1,218 |
1,671 |
Other changes in equity |
98 |
- |
- |
19 |
1,100 |
(2) |
31 |
260 |
(2,642) |
(158) |
- |
- |
(233) |
(1,526) |
Issuances of common shares |
98 |
- |
- |
- |
(98) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Issuances of preferred shares |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Issuance of other equity instruments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Settlement or maturity of other equity instruments issued |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Conversion of debt on equity |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Common stock reduction |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend distribution |
- |
- |
- |
- |
93 |
- |
(93) |
- |
- |
(1,301) |
- |
- |
(234) |
(1,535) |
Purchase of treasury shares |
- |
- |
- |
- |
- |
- |
- |
(2,004) |
- |
- |
- |
- |
- |
(2,004) |
Sale or cancellation of treasury shares |
- |
- |
- |
- |
(30) |
- |
- |
2,264 |
- |
- |
- |
- |
- |
2,234 |
Reclassification of financial liabilities to other equity instruments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Reclassification of other equity instruments to financial liabilities |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Transfers within total equity |
- |
- |
- |
- |
1,166 |
(2) |
126 |
- |
(2,642) |
1,352 |
- |
- |
- |
- |
Increase/Reduction of equity due to business combinations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Share based payments |
- |
- |
- |
(16) |
3 |
- |
- |
- |
- |
- |
- |
- |
- |
(12) |
Other increases or (-) decreases in equity |
- |
- |
- |
35 |
(34) |
- |
(2) |
- |
- |
(210) |
- |
- |
2 |
(209) |
Balances as of December 31, 2016 |
3,218 |
23,992 |
- |
54 |
23,688 |
20 |
(67) |
(48) |
3,475 |
(1,510) |
(5,458) |
(2,246) |
10,310 |
55,428 |
- (*) Presented for comparison purposes only (Note 1.3).
The accompanying Notes 1 to 57 and Appendix I to XIII are an integral part of the consolidated financial statements as of December 31, 2017.
Download table
Consolidated statements of changes in equity for the years ended December 31, 2017, 2016 and 2015
COMPONENTS STATEMENTS OF CHANGES IN EQUITY (MILLIONS OF EUROS)
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlling interest |
|
2015 (*) |
Capital (Note 26) |
Share Premium (Note 27) |
Equity instruments issued other than capital |
Other Equity |
Retained earnings (Note 28) |
Revaluation reserves (Note 28) |
Other reserves (Note 28) |
(-) Treasury shares (Note 29) |
Profit or loss attributable to owners of the parent |
Interim dividends (Note 4) |
Accumulated other comprehensive income (Note 30) |
Valuation adjustments (Note 31) |
Other (Note 31) |
Total |
Balances as of January 1, 2015 |
3,024 |
23,992 |
- |
66 |
20,281 |
23 |
633 |
(350) |
2,618 |
(841) |
(348) |
(53) |
2,563 |
51,609 |
Total income/expense recognized |
- |
- |
- |
- |
- |
- |
- |
- |
2,642 |
- |
(3,000) |
(1,280) |
686 |
(953) |
Other changes in equity |
96 |
- |
- |
(32) |
2,308 |
(1) |
(731) |
41 |
(2,618) |
(512) |
- |
- |
6,075 |
4,626 |
Issuances of common shares |
96 |
- |
- |
- |
(96) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Issuances of preferred shares |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Issuance of other equity instruments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Settlement or maturity of other equity instruments issued |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Conversion of debt on equity |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Common stock reduction |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend distribution |
- |
- |
- |
- |
86 |
- |
(86) |
- |
- |
(1,222) |
- |
- |
(146) |
(1,368) |
Purchase of treasury shares |
- |
- |
- |
- |
- |
- |
- |
(3,278) |
- |
- |
- |
- |
- |
(3,278) |
Sale or cancellation of treasury shares |
- |
- |
- |
- |
6 |
- |
- |
3,319 |
- |
- |
- |
- |
- |
3,325 |
Reclassification of financial liabilities to other equity instruments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Reclassification of other equity instruments to financial liabilities |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Transfers within total equity |
- |
- |
- |
- |
2,423 |
(1) |
(645) |
- |
(2,618) |
841 |
- |
- |
- |
- |
Increase/Reduction of equity due to business combinations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Share based payments |
- |
- |
- |
(48) |
14 |
- |
- |
- |
- |
- |
- |
- |
- |
(34) |
Other increases or (-) decreases in equity |
- |
- |
- |
16 |
(126) |
- |
- |
- |
- |
(131) |
- |
- |
6,221 |
(5,980) |
Balances as of December 31, 2015 |
3,120 |
23,992 |
- |
35 |
22,588 |
22 |
(98) |
(309) |
2,642 |
(1,352) |
(3,349) |
(1,333) |
9,325 |
55,281 |
- (*) Presented for comparison purposes only (Note 1.3).
The accompanying Notes 1 to 57 and Appendix I to XIII are an integral part of the consolidated financial statements as of December 31, 2017.
Download table
Consolidated statements of cash flows for the years ended December 31, 2017, 2016 and 2015
COMPONENTS STATEMENTS OF CASH FLOWS (MILLIONS OF EUROS)
|
Notes |
2017 |
2016(*) |
2015(*) |
A) CASH FLOWS FROM OPERATING ACTIVITIES (1 + 2 + 3 + 4 + 5) |
51 |
2,055 |
6,623 |
23,101 |
1. Profit for the year |
|
4,762 |
4,693 |
3,328 |
2. Adjustments to obtain the cash flow from operating activities: |
|
8,526 |
6,784 |
18,327 |
Depreciation and amortization |
|
1,387 |
1,426 |
1,272 |
Other adjustments |
|
7,139 |
5,358 |
17,055 |
3. Net increase/decrease in operating assets |
|
(4,894) |
(4,428) |
(12,954) |
Financial assets held for trading |
|
5,662 |
1,289 |
4,691 |
Other financial assets designated at fair value through profit or loss |
|
(783) |
(2) |
337 |
Available-for-sale financial assets |
|
5,032 |
14,445 |
3,360 |
Loans and receivables |
|
(14,503) |
(21,075) |
(20,498) |
Other operating assets |
|
(302) |
915 |
(844) |
4. Net increase/decrease in operating liabilities |
|
(3,916) |
1,273 |
15,674 |
Financial liabilities held for trading |
|
(6,057) |
361 |
(2,475) |
Other financial liabilities designated at fair value through profit or loss |
|
19 |
(53) |
120 |
Financial liabilities at amortized cost |
|
2,111 |
(7) |
21,422 |
Other operating liabilities |
|
11 |
972 |
(3,393) |
5. Collection/Payments for income tax |
|
(2,423) |
(1,699) |
(1,274) |
B) CASH FLOWS FROM INVESTING ACTIVITIES (1 + 2) |
51 |
2,902 |
(560) |
(4,411) |
1. Investment |
| (2,339) |
(3,978) |
(6,416) |
Tangible assets |
|
(777) |
(1,312) |
(2,171) |
Intangible assets |
|
(564) |
(645) |
(571) |
Investments in joint ventures and associates |
|
(101) |
(76) |
(41) |
Subsidiaries and other business units |
|
(897) |
(95) |
(3,633) |
Non-current assets held for sale and associated liabilities |
|
- |
- |
- |
Held-to-maturity investments |
|
- |
(1,850) |
- |
Other settlements related to investing activities |
|
- |
- |
- |
2. Divestments |
|
5,241 |
3,418 |
2,005 |
Tangible assets |
|
518 |
795 |
224 |
Intangible assets |
|
47 |
20 |
2 |
Investments in joint ventures and associates |
|
18 |
322 |
1 |
Subsidiaries and other business units |
|
936 |
73 |
9 |
Non-current assets held for sale and associated liabilities |
|
1,002 |
900 |
1,683 |
Held-to-maturity investments |
|
2,711 |
1,215 |
- |
Other collections related to investing activities |
|
9 |
93 |
86 |
C) CASH FLOWS FROM FINANCING ACTIVITIES (1 + 2) |
51 |
(98) |
1,113 |
127 |
1. Payments |
|
(5,763) |
(4,335) |
(5,717) |
Dividends |
|
(1,698) |
(1,599) |
(879) |
Subordinated liabilities |
|
(2,098) |
(502) |
(1,719) |
Treasury stock amortization |
|
- |
- |
- |
Treasury stock acquisition |
|
(1,674) |
(2,004) |
(3,273) |
Other items relating to financing activities |
|
(293) |
(230) |
(146) |
2. Collections |
|
5,665 |
3,222 |
5,844 |
Subordinated liabilities |
|
4,038 |
1,000 |
2,523 |
Treasury shares increase |
|
- |
- |
- |
Treasury shares disposal |
|
1,627 |
2,222 |
3,321 |
Other items relating to financing activities |
|
- |
- |
- |
D) EFFECT OF EXCHANGE RATE CHANGES |
|
(4,266) |
(3,463) |
(6,781) |
E) NET INCREASE/DECREASE IN CASH OR CASH EQUIVALENTS (A+B+C+D) |
|
594 |
1,489 |
12,036 |
F) CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR |
|
44,955 |
43,466 |
31,430 |
G) CASH AND CASH EQUIVALENTS AT END OF THE YEAR (E+F) |
51 |
45,549 |
44,955 |
43,466 |
- (*) Presented for comparison purposes only (Note 1.3).
The accompanying Notes 1 to 57 and Appendix I to XIII are an integral part of the consolidated financial statements as of December 31, 2017.
Download table
Consolidated statements of cash flows for the years ended December 31, 2017, 2016 and 2015
COMPONENTS OF CASH AND EQUIVALENTS AT END OF THE YEAR (MILLIONS OF EUROS)
|
Notes |
2017 |
2016(*) |
2015(*) |
Cash |
|
6,416 |
7,413 |
7,192 |
Balance of cash equivalent in central banks |
|
39,132 |
37,542 |
36,275 |
Other financial assets |
|
- |
- |
- |
Less: Bank overdraft refundable on demand |
|
- |
- |
- |
TOTAL CASH AND CASH EQUIVALENTS AT END OF THE PERIOD |
51 |
45,549 |
44,955 |
43,466 |
- (*) Presented for comparison purposes only (Note 1.3).
The accompanying Notes 1 to 57 and Appendix I to XIII are an integral part of the consolidated financial statements as of December 31, 2017.
Download table