19. Tangible assets

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:

Tangible Assets. Breakdown by Type of Assets and Changes in the year 2011	Millions of Euros
	For Own Use			Total Tangible Asset of Own Use	Investment Properties	Assets Leased out under an Operating Lease	Total
	Land and Buildings	Work in Progress	Furniture, Fixtures and Vehicles
Cost -
Balance at the beginning	3,406	215	5,455	9,075	1,841	1,015	11,931
Additions	134	247	533	914	98	301	1,314
Retirements	(38)	(36)	(157)	(231)	(15)	(72)	(318)
Acquisition of subsidiaries in the year	187	3	176	367	14	97	477
Disposal of entities in the year	-	-	-	-	-	-	-
Transfers	59	(73)	(17)	(31)	-	(206)	(237)
Exchange difference and other	(8)	(3)	162	150	(26)	64	188
Balance at the end	3,740	353	6,152	10,244	1,911	1,199	13,355
Accrued depreciation -
Balance at the beginning	889	-	3,747	4,636	66	272	4,974
Additions (Note 47)	96	-	399	495	10	8	512
Retirements	(13)	-	(126)	(139)	(1)	(40)	(180)
Acquisition of subsidiaries in the year	31	-	128	159	-	13	172
Disposal of entities in the year	-	-	-	-	-	-	-
Transfers	3	-	(18)	(15)	-	(105)	(121)
Exchange difference and other	31	-	119	150	(27)	206	329
Balance at the end	1,037	-	4,248	5,285	49	353	5,687
Impairment -
Balance at the beginning	31	-	-	31	206	19	256
Additions	5	-	3	8	73	-	80
Retirements	(1)	-	(4)	(5)	(1)	(8)	(13)
Acquisition of subsidiaries in the year	8	-	-	8	1	-	9
Exchange difference and other	-	-	12	12	(7)	-	6
Balance at the end	43	-	12	54	272	11	338
Net tangible assets -
Balance at the beginning	2,486	215	1,708	4,408	1,569	724	6,701
Balance at the end	2,660	353	1,892	4,905	1,590	835	7,330

Tangible Assets. Breakdown by Type of Assets and Changes in the year 2010	Millions of Euros
	For Own Use			Total Tangible Asset of Own Use	Investment Properties	Assets Leased out under an Operating Lease	Total
	Land and Buildings	Work in Progress	Furniture, Fixtures and Vehicles
Cost -
Balance at the beginning	2,734	435	5,599	8,768	1,803	989	11,560
Additions	194	179	357	730	66	245	1,041
Retirements	(49)	(45)	(156)	(250)	(8)	(2)	(260)
Acquisition of subsidiaries in the year	-	-	-	-	-	-	-
Disposal of entities in the year	-	-	-	-	-	-	-
Transfers	387	(335)	(81)	(29)	32	(221)	(218)
Exchange difference and other	140	(19)	(264)	(144)	(52)	4	(192)
Balance at the end	3,406	215	5,455	9,075	1,841	1,015	11,931
Accrued depreciation -
Balance at the beginning	750	-	3,818	4,568	53	265	4,886
Additions (Note 47)	86	-	362	448	15	7	470
Retirements	(6)	-	(142)	(148)	(1)	(1)	(150)
Acquisition of subsidiaries in the year	-	-	-	-	-	-	-
Disposal of entities in the year	-	-	-	-	-	-	-
Transfers	27	-	(47)	(20)	(1)	(110)	(131)
Exchange difference and other	32	-	(244)	(212)	-	111	(101)
Balance at the end	889	-	3,747	4,636	66	272	4,974
Impairment -
Balance at the beginning	15	-	4	19	116	32	167
Additions	8	-	1	9	83	-	92
Retirements	(2)	-	(5)	(7)	-	(14)	(21)
Acquisition of subsidiaries in the year	-	-	-	-	-	-	-
Exchange difference and other	10	-	-	10	7	1	18
Balance at the end	31	-	-	31	206	19	256
Net tangible assets -
Balance at the beginning	1,969	435	1,777	4,182	1,634	691	6,507
Balance at the end	2,486	215	1,708	4,408	1,569	724	6,701

Tangible Assets. Breakdown by Type of Assets and Changes in the year 2009	Millions of Euros
	For Own Use			Total tangible asset of Own Use	Investment Properties	Assets Leased out under an Operating Lease	Total
	Land and Buildings	Work in Progress	Furniture, Fixtures and Vehicles
Cost -
Balance at the beginning	3,030	422	4,866	8,318	1,786	996	11,100
Additions	120	102	437	659	74	210	943
Retirements	(22)	(73)	(661)	(756)	(35)	(2)	(793)
Acquisition of subsidiaries in the year	-	-	-	-	-	-	-
Disposal of entities in the year	-	-	-	-	-	-	-
Transfers	(747)	(16)	(23)	(786)	(11)	(212)	(1,009)
Exchange difference and other	353	-	980	1,333	(11)	(3)	1,319
Balance at the end	2,734	435	5,599	8,768	1,803	989	11,560
Accrued depreciation -
Balance at the beginning	729	-	3,128	3,857	45	259	4,161
Additions (Note 47)	66	-	349	415	11	8	434
Retirements	(15)	-	(511)	(526)	-	(1)	(527)
Acquisition of subsidiaries in the year	-	-	-	-	-	-	-
Disposal of entities in the year	-	-	-	-	-	-	-
Transfers	(253)	-	(15)	(268)	(2)	(103)	(373)
Exchange difference and other	223	-	867	1,090	(1)	102	1,191
Balance at the end	750	-	3,818	4,568	53	265	4,886
Impairment -
Balance at the beginning	16	-	3	19	8	5	32
Additions	7	-	17	24	93	38	155
Retirements	(2)	-	(17)	(19)	(1)	-	(20)
Acquisition of subsidiaries in the year	-	-	-	-	-	-	-
Exchange difference and other	(6)	-	1	(5)	16	(11)	-
Balance at the end	15	-	4	19	116	32	167
Net tangible assets -
Balance at the beginning	2,285	422	1,735	4,442	1,734	732	6,908
Balance at the end	1,969	435	1,777	4,182	1,634	691	6,507

The reduction in the balance under the heading “Tangible assets - For own use - Land and buildings” in 2009 is mainly the result of the transfer of some properties owned by the Bank in Spain to the heading “Non-current assets held for sale", as mentioned in Note 16.

As of .December 31, 2011, 2010 and 2009, the totally amortized intangible assets still in use amounted to €1,572, €480 and €1,583 million, respectively.

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

Bank Branches by Geographical Location	Number of Branches
	2011	2010	2009
Spain	3,016	3,024	3,055
Mexico	1,999	1,985	1,987
South America	1,567	1,456	1,495
The United States	746	752	785
Rest of the world (*)	129	144	144
Total	7,457	7,361	7,466

(*) Garanti branches are not included (*) Garanti branches are not included

The following table shows the detail of the net carrying amount of the tangible assets corresponding to Spanish or foreign entities as of December 31, 2011, 2010 and 2009:

	Millions of Euros
Tangible Assets by Spanish and Foreign Subsidiaries Net Assets Values	2011	2010	2009
Foreign subsidiaries	3,301	2,741	2,473
BBVA and Spanish subsidiaries	4,029	3,960	4,034
Total	7,330	6,701	6,507

The amount of tangible assets under financial lease schemes on which it is expected to exercise the purchase option was insignificant as of December 31, 2011, 2010 and 2009.