Consolidated balance sheets as of December 31, 2011, 2010 and 2009
ASSETS | Notes | Millions of Euros | ||
---|---|---|---|---|
2011 | 2010 (*) | 2009 (*) | ||
CASH AND BALANCES WITH CENTRAL BANKS | 9 | 30,939 | 19,981 | 16,344 |
FINANCIAL ASSETS HELD FOR TRADING | 10 | 70,602 | 63,283 | 69,733 |
Loans and advances to credit institutions |
|
- | - | - |
Loans and advances to customers |
|
- | - | - |
Debt securities |
|
20,975 | 24,358 | 34,672 |
Equity instruments |
|
2,198 | 5,260 | 5,783 |
Trading derivatives |
|
47,429 | 33,665 | 29,278 |
OTHER FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 11 | 2,977 | 2,774 | 2,337 |
Loans and advances to credit institutions |
|
- | - | - |
Loans and advances to customers |
|
- | - | - |
Debt securities |
|
708 | 688 | 639 |
Equity instruments |
|
2,269 | 2,086 | 1,698 |
AVAILABLE-FOR-SALE FINANCIAL ASSETS | 12 | 58,144 | 56,456 | 63,521 |
Debt securities |
|
52,914 | 50,875 | 57,071 |
Equity instruments |
|
5,230 | 5,581 | 6,450 |
LOANS AND RECEIVABLES | 13 | 381,076 | 364,707 | 346,117 |
Loans and advances to credit institutions |
|
26,107 | 23,637 | 22,239 |
Loans and advances to customers |
|
351,900 | 338,857 | 323,442 |
Debt securities |
|
3,069 | 2,213 | 436 |
HELD-TO-MATURITY INVESTMENTS | 14 | 10,955 | 9,946 | 5,437 |
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK | 15 | 146 | 40 | - |
HEDGING DERIVATIVES | 15 | 4,552 | 3,563 | 3,595 |
NON-CURRENT ASSETS HELD FOR SALE | 16 | 2,090 | 1,529 | 1,050 |
INVESTMENTS IN ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD | 17 | 5,843 | 4,547 | 2,922 |
Associates |
|
5,567 | 4,247 | 2,614 |
Jointly controlled entities |
|
276 | 300 | 308 |
INSURANCE CONTRACTS LINKED TO PENSIONS |
|
- | - | - |
REINSURANCE ASSETS | 18 | 26 | 28 | 29 |
TANGIBLE ASSETS | 19 | 7,330 | 6,701 | 6,507 |
Property, plants and equipment |
|
5,740 | 5,132 | 4,873 |
For own use |
|
4,905 | 4,408 | 4,182 |
Other assets leased out under an operating lease |
|
835 | 724 | 691 |
Investment properties |
|
1,590 | 1,569 | 1,634 |
INTANGIBLE ASSETS | 20 | 8,677 | 8,007 | 7,248 |
Goodwill |
|
6,798 | 6,949 | 6,396 |
Other intangible assets |
|
1,879 | 1,058 | 852 |
TAX ASSETS | 21 | 7,841 | 6,649 | 6,273 |
Current |
|
1,509 | 1,113 | 1,187 |
Deferred |
|
6,332 | 5,536 | 5,086 |
OTHER ASSETS | 22 | 6,490 | 4,527 | 3,952 |
Inventories |
|
3,994 | 2,788 | 1,933 |
Rest |
|
2,496 | 1,739 | 2,019 |
TOTAL ASSETS |
|
597,688 | 552,738 | 535,065 |
The accompanying Notes 1 to 59 and Appendices I to XII are an integral part of the consolidated balance sheet as of December 31, 2011.
LIABILITIES AND EQUITY | Notes | Millions of Euros | ||
---|---|---|---|---|
2011 | 2010 (*) | 2009 (*) | ||
FINANCIAL LIABILITIES HELD FOR TRADING | 10 | 51,303 | 37,212 | 32,830 |
Deposits from central banks |
|
- | - | - |
Deposits from credit institutions |
|
- | - | - |
Customer deposits |
|
- | - | - |
Debt certificates |
|
- | - | - |
Trading derivatives |
|
46,692 | 33,166 | 29,000 |
Short positions |
|
4,611 | 4,046 | 3,830 |
Other financial liabilities |
|
- | - | - |
OTHER FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 11 | 1,825 | 1,607 | 1,367 |
Deposits from central banks |
|
- | - | - |
Deposits from credit institutions |
|
- | - | - |
Customer deposits |
|
- | - | - |
Debt certificates |
|
- | - | - |
Subordinated liabilities |
|
- | - | - |
Other financial liabilities |
|
1,825 | 1,607 | 1,367 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 23 | 479,904 | 453,164 | 447,936 |
Deposits from central banks |
|
33,147 | 11,010 | 21,166 |
Deposits from credit institutions |
|
59,356 | 57,170 | 49,146 |
Customer deposits |
|
282,173 | 275,789 | 254,183 |
Debt certificates |
|
81,930 | 85,179 | 99,939 |
Subordinated liabilities |
|
15,419 | 17,420 | 17,878 |
Other financial liabilities |
|
7,879 | 6,596 | 5,624 |
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK | 15 | - | (2) | - |
HEDGING DERIVATIVES | 15 | 2,710 | 1,664 | 1,308 |
LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE | 16 | - | - | - |
LIABILITIES UNDER INSURANCE CONTRACTS | 24 | 7,737 | 8,034 | 7,186 |
PROVISIONS | 25 | 7,561 | 8,322 | 8,559 |
Provisions for pensions and similar obligations | 26 | 5,577 | 5,980 | 6,246 |
Provisions for taxes and other legal contingencies |
|
350 | 304 | 299 |
Provisions for contingent risks and commitments |
|
291 | 264 | 243 |
Other provisions |
|
1,343 | 1,774 | 1,771 |
TAX LIABILITIES | 21 | 2,330 | 2,195 | 2,208 |
Current |
|
772 | 604 | 539 |
Deferred |
|
1,558 | 1,591 | 1,669 |
OTHER LIABILITIES | 22 | 4,260 | 3,067 | 2,908 |
TOTAL LIABILITIES |
|
557,630 | 515,263 | 504,302 |
STOCKHOLDERS’ FUNDS |
|
40,952 | 36,689 | 29,362 |
Common Stock | 27 | 2,403 | 2,201 | 1,837 |
Issued |
|
2,403 | 2,201 | 1,837 |
Unpaid and uncalled (-) |
|
- | - | - |
Share premium | 28 | 18,970 | 17,104 | 12,453 |
Reserves | 29 | 17,940 | 14,360 | 12,074 |
Accumulated reserves (losses) |
|
17,580 | 14,305 | 11,765 |
Reserves (losses) of entities accounted for using the equity method |
|
360 | 55 | 309 |
Other equity instruments |
|
51 | 37 | 12 |
Equity component of compound financial instruments |
|
- | - | - |
Other equity instruments |
|
51 | 37 | 12 |
Less: Treasury stock | 30 | (300) | (552) | (224) |
Income attributed to the parent company |
|
3,004 | 4,606 | 4,210 |
Less: Dividends and remuneration |
|
(1,116) | (1,067) | (1,000) |
VALUATION ADJUSTMENTS | 31 | (2,787) | (770) | (62) |
Available-for-sale financial assets |
|
(682) | 333 | 1,951 |
Cash flow hedging |
|
30 | 49 | 188 |
Hedging of net investment in foreign transactions |
|
(158) | (158) | 219 |
Exchange differences |
|
(1,937) | (978) | (2,236) |
Non-current assets held-for-sale |
|
- | - | - |
Entities accounted for using the equity method |
|
188 | (16) | (184) |
Other valuation adjustments |
|
(228) | - | - |
NON-CONTROLLING INTEREST | 32 | 1,893 | 1,556 | 1,463 |
Valuation adjustments |
|
36 | (86) | 18 |
Rest |
|
1,857 | 1,642 | 1,445 |
TOTAL EQUITY |
|
40,058 | 37,475 | 30,763 |
TOTAL LIABILITIES AND EQUITY | 597,688 | 552,738 | 535,065 |
MEMORANDUM ITEM | Notes | Millions of Euros | ||
---|---|---|---|---|
2011 | 2010 (*) | 2009 (*) | ||
CONTINGENT RISKS | 34 | 39,904 | 36,441 | 33,185 |
CONTINGENT COMMITMENTS | 34 | 93,766 | 90,574 | 92,323 |
The accompanying Notes 1 to 59 and Appendices I to XII are an integral part of the consolidated balance sheet as of December 31, 2011.