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Note 21 - Non-current assets and disposal groups classified as held for sale | 12 Months Ended
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Dec. 31, 2017
Non-current assets and disposal groups classified as held for sale Abstract |
Non-Current Assets and Disposal Groups Classified as Held for Sale. Breakdowm By Items | Non-current assets and disposal groups classified as held for sale The composition of the balance under the heading “Non-current assets and disposal groups classified as held for sale” in the accompanying consolidated balance sheets, broken down by the origin of the assets, is as follows
Non-current assets and disposal groups classified as held for sale Breakdown by items (Millions of euros)
|  | 2017 | 2016 | 2015
Foreclosures and recoveries |  | 6,207 | 4,225 | 3,991
Foreclosures (*) |  | 6,047 | 4,057 | 3,775
Recoveries from financial leases |  | 160 | 168 | 216
Other assets from tangible assets |  | 447 | 1,181 | 706
Property, plant and equipment |  | 447 | 378 | 431
Operating leases (**) |  | - | 803 | 275
Business sale - Assets (***) |  | 18,623 | 40 | 37
Accrued amortization (****) |  | (77) | (116) | (80)
Impairment losses |  | (1,348) | (1,727) | (1,285)
Total Non-current assets and disposal groups classified as held for sale |  | 23,853 | 3,603 | 3,369
(*) As of December 31, 2017, included mainly the agreement with Cerberus to transfer the "Real Estate" business in Spain (see Note 3) (**) As of December 31, 2016, included mainly Real Estate Investments from BBVA Propiedad, S.A. which were transferred to Test a Residencial, S.A. in the first quarter of 2017 (see Note 16). (***) As of December 31, 2017, included mainly the BBVA’s stake in BBVA Chile (see Note 3). (****) Amortization accumulated until related asset reclassified as “non-current assets and dispos al groups held for sale” The changes in the balances of “Non-current assets and disposal groups classified as held for sale” in 2017, 2016 and 2015 are as follows
Non-current assets and disposal groups classified as held for sale Changes in the year 2017 (Millions of euros)
|  | Foreclosed Assets | From Own Use Assets (*) | Other assets(**) | Total
| Notes | Foreclosed Assets through Auction Proceeding | Recovered Assets from Finance Leases
Cost (1) |  |  |  |  |  |
Balance at the beginning |  | 4,057 | 168 | 1,065 | 40 | 5,330
Additions |  | 791 | 45 | 1 | - | 837
Retirements (sales and other decreases) |  | (1,037) | (49) | (131) | - | (1,217)
Transfers, other movements and exchange differences (**) |  | 2,236 | (4) | (564) | 18,583 | 20,251
Balance at the end |  | 6,047 | 160 | 371 | 18,623 | 25,201
Impairment (2) |  |  |  |  |  |
Balance at the beginning |  | 1,237 | 47 | 443 | - | 1,727
Additions | 50 | 143 | 14 | 1 | - | 158
Retirements (sales and other decreases) |  | (272) | (7) | (42) | - | (321)
Other movements and exchange differences |  | (6) | (2) | (208) | - | (216)
Balance at the end |  | 1,102 | 52 | 194 | - | 1,348
Balance at the end of Net carrying value (1)-(2) |  | 4,945 | 108 | 177 | 18,623 | 23,853
Net of amortization accumulated until assets were reclassifie d as non-current assets held for sale (** ) As of December 31, 2017, included mainly the BBVA’s stake in BBVA Chile and the agreement with Cerberus to transfer the "Real Estate" business in Spain (see Note 3)
Non-current assets and disposal groups classified as held for sale Changes in the year 2016 (Millions of euros)
|  | Foreclosed Assets | From Own Use Assets (*) | Other assets | Total
| Notes | Foreclosed Assets through Auction Proceeding | Recovered Assets from Finance Leases
Cost (1) |  |  |  |  |  |
Balance at the beginning |  | 3,775 | 216 | 626 | 37 | 4,654
Additions |  | 582 | 57 | 23 | - | 662
Retirements (sales and other decreases) |  | (779) | (77) | (170) | 3 | (1,023)
Transfers, other movements and exchange differences |  | 480 | (28) | 586 | - | 1,037
Balance at the end |  | 4,057 | 168 | 1,065 | 40 | 5,330
Impairment (2) |  |  |  |  |  |
Balance at the beginning |  | 994 | 52 | 240 | - | 1,285
Additions | 50 | 129 | 3 | 5 | - | 136
Retirements (sales and other decreases) |  | (153) | (6) | (33) | - | (192)
Other movements and exchange differences |  | 268 | (2) | 232 | - | 499
Balance at the end |  | 1,237 | 47 | 443 | - | 1,727
Balance at the end of Net carrying value (1)-(2) |  | 2,820 | 121 | 621 | 40 | 3,603
Net of amortization accumulated until assets were reclassified as non-current assets held for sale
Non-current assets and disposal groups classified as held for sale Changes in the year 2015 (Millions of euros)
|  | Foreclosed Assets | From Own Use Assets (*) | Other assets(**) | Total
| Notes | 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 | 50 | 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 amortization accumulated until assets were reclassified as non-current assets held for sale (**) Business sale agreement (Note 3) Assets from foreclosures or recoveries As of December 31, 2017, 2016 and 2015, assets from foreclosures and recoveries, net of impairment losses, by nature of the asset, amounted to €1,924, €2,326 and €2,415 million in assets for reside ntial use; €491, €574 and €486 million in assets for tertiary use (industrial, commercial or office) and €29, €41 and €44 million in assets for agricultural use, respectively. In December 31, 2017, 2016 and 2015, the average sale time of assets from forecl osures or recoveries was between 2 and 3 years. During the years 2017, 2016 and 2015, 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 €207, €219 and €179 million, respectively; with an average financing of 73% of the sales price. As of December 31, 2017, 2016 and 2015, the amount of the profits arising from the sale of Group companies financed assets - and therefore not recognized in the consolidated in come statement - amounted to €1, €1 and €18 million, respectively

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