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Financial Statements - Balance sheets - EUR (€)
€ in Millions
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Assets      
BBVA Cash Balance Available To The Date € 58,196 € 42,680 € 40,039
Total financial assets held for trading 90,117 64,695 74,950
Derivative financial assets held for trading 30,536 35,265 42,955
Equity Instruments Held For Trading 5,254 6,801 4,675
Debt Instruments Held For Trading 25,577 22,573 27,166
Loans and Advances to Central Banks Held for Trading 2,163 0 0
Loans And Advances To Banks Held For Trading 14,566 0 0
Loans and receivables Held For Trading 12,021 56 154
Total Non Trading Financial Assets Mandatorily Measured At Fair Value Through Profit or Loss 5,135    
Equity Instruments Mandatorily Measured At Fair Value 3,095    
Debt Securities At Fair Vale Mandatorily Measured At Fair Value 237    
Loans And Advances To Central Banks Mandatorily Measured At Fair Value 0    
Loans And Advances To Banks Mandatorily Measured At Fair Value 0    
Loans And Advances To Customers Mandatorily Measured At Fair Value 1,803    
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 1,313 2,709 2,062
Equity instruments at fair value 0 1,888 1,920
Debt Securities, at fair value 1,313 174 142
Loans and advances to central banks, at fair value 0 0 0
Loans and advances to credit institutions, at fair value 0 0 0
Loans And Advances To Customers At Fair Value 0 648 0
Total Financial Assets At Fair Value Through Other Comprehensive Income 56,337 69,476 79,221
Subtotal Equity instruments At Fair Value Through Other Comprehensive Income 2,595 3,224 4,641
Subtotal Debt Instruments At Fair Value Through Other Comprehensive Income 53,709 66,251 74,580
Subtotal loans and advances to central banks at fair value through other comprehensive income 0 0 0
Loans and advances Financial Assets At Fair Value Through Other Comprehensive Income 33 0 0
Subtotal Loans And Advances To Customers At Fair Value Through Other Comprehensive Income 0 0 0
FINANCIAL ASSETS AT AMORTIZED COST 419,660 445,275 483,672
Debt Securities Financial Assets at Amortized Cost 32,530 24,093 28,905
Loans and advances to central banks 3,941 7,300 8,894
Loans and advances to banks 9,163 26,261 31,373
Loans and Advances to customers 374,027 387,621 414,500
HEDGING DERIVATIVES, ASSETS 2,892 2,485 2,833
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK, ASSETS (21) (25) 17
INVESTMENTS IN SUBSIDIARIES JOINT VENTURES AND ASSOCIATES 1,578 1,588 765
Joint ventures 173 256 229
Associates 1,405 1,332 536
INSURANCE OR REINSURANCE ASSETS 366 421 447
TANGIBLE ASSETS 7,229 7,191 8,941
Total Property, plant and equipment 7,066 6,996 8,250
For own use (PPE) 6,756 6,581 7,519
Assets leased out under an operating lease 310 415 732
Investment Property 163 195 691
INTANGIBLE ASSETS 8,314 8,464 9,786
Goodwill 6,180 6,062 6,937
Other intangible assets 2,134 2,402 2,849
TAX ASSETS 18,100 16,888 18,245
Current tax assets 2,784 2,163 1,853
Deferred tax assets 15,316 14,725 16,391
OTHER ASSETS 5,472 4,359 7,274
Insurance contracts linked to pensions 0 0 0
Inventories 635 229 3,298
Rest other assets 4,837 4,130 3,976
Non Current Assets Or Disposal Groups Clasified As Held For Sale 2,001 23,853 3,603
TOTAL ASSETS 676,689 690,059 [1] 731,856 [1],[2]
LIABILITIES AND EQUITY      
FINANCIAL LIABILITIES HELD FOR TRADING 80,774 46,182 54,675
Derivative financial liabilities, held for trading 31,815 36,169 43,118
Short positions, held for trading 11,025 10,013 11,556
Deposits from central banks, held for trading 10,511 0 0
Deposits from credit institutions, held for trading 15,687 0 0
Customer deposits, held for trading 11,736 0 0
Debt certificates, held for trading 0 0 0
Other financial liabilities, held for trading 0 0 0
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS 6,993 2,222 2,338
Deposits from central banks, at fair value 0 0 0
Deposits from credit institutions, at fair value 0 0 0
Customer deposits, at fair value 976 0 0
Debt certificates, at fair value 2,858 0 0
Other financial liabilities, at fair value 3,159 2,222 2,338
FINANCIAL LIABILITIES AT AMORTIZED COST 509,185 543,713 589,210
Deposits from cental banks [3] 27,281 37,054 34,740
Deposits from credit institutions 31,978 54,516 63,501
Customer deposits 375,970 376,379 401,465
Debt certificates, at amortized cost 61,112 63,915 76,375
Other financial liabilities, at amortized cost 12,844 11,850 13,129
HEDGING DERIVATIVES, LIABILITIES 2,680 2,880 2,347
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK, LIABILITIES 0 (7) 0
LIABILITIES UNDER INSURANCE CONTRACTS 9,834 9,223 9,139
PROVISIONS 6,772 7,477 9,071
Pensions and other post employment defined Benefit Obligations [4] 4,787 5,407 6,025
Other long term employee benefits 62 67 69
Provisions for taxes and other legal contingencies 686 756 418
Provisions for contingent risks and commitments 636 578 950
Other Provisions 601 669 1,609
TAX LIABILITIES 3,276 3,298 4,668
Current tax liabilities 1,230 1,114 1,276
Deferred tax liabilities 2,046 2,184 3,392
OTHER LIABILITIES 4,301 4,550 4,979
LIABILITIES INCLUDED IN DISPOSAL GROUPS CLASSIFIED AS HELD FOR SALE 0 17,197 0
TOTAL LIABILITIES 623,814 636,736 676,428
Total shareholders' funds 54,326 53,283 50,985
Capital 3,267 3,267 3,218
Paid up capital 3,267 3,267 3,218
Unpaid capital which has been called up 0 0 0
Share Premium 23,992 23,992 23,992
Equity Instruments issued other than capital 0 0 0
Other Equity ( Capital base and management) 50 54 54
Retained Earnings 23,018 23,612 21,844
Revaluation reverse 3 12 20
Total Other Reserves (58) (35) (59)
Reserves or accumulated losses of investments in subsidaries, joint ventures and associates (58) (35) (59)
Other Reserves, other 0 0 0
Less Treasury shares 296 96 48
Profits or losses attributables to owners of the parent 5,324 3,519 3,475
Less Interim dividends 975 1,043 1,510
Total accumulated other comprehensive income (7,215) (6,939) [5] (3,622) [5]
Total Items that will not be reclassified to profit or loss balance (1,284) (1,183) (1,095)
Actuarial gains or (-) losses on defined benefit pension plans (1,245) (1,183) (1,095)
Non-current assets and disposal groups classified as held for sale (not reclassified) 0 0 0
Share of other recognized income and expense of investments in subsidiaries, joint ventures and associates 0 0 0
Other Comprehensive Income Net Of Tax Change At fair Value Of Equity Instruments Measured At Fair Value (155) 0 0
Total Hedge ineffectiveness of fair value hedge for equity instruments measured at fair value through other comprehensive income 0    
Fair value changes of equity instruments measured at fair value through other comprehensive income [hedged item] 0    
Fair value changes of equity instruments measured at fair value through other comprehensive income hedging instrument 0    
Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk 116    
Total Items that may be reclassified to profit or loss (5,932) (5,755) (2,527)
Hedge of net investments in foreign operations(effective portion) (218) 1 (118)
Foreign currency translation balance (6,643) (7,297) (3,341)
Hedging derivatives.Cash flow hedges(efffective portion) (6) (34) 16
Changes In The Fair Value Of Debt Instruments Measured At Fair Value With Changes In Other Comprehensive Income 943    
Financial Assets Available for sale   1,641 947
Other Comprehensive Income Net Of Tax Of Hedging Instruments 0    
Non-current assets and disposal groups classified as held for sale 1 (26) 0
Share of other recognized income and expense of investments in subsidiaries joint ventures and associates (9) (40) (31)
MINORITY INTERESTS (NON-CONTROLLING INTEREST) 5,764 6,979 8,064
Valuation adjustments (3,236) (2,550) (1,430)
Rest non-controlling interest 9,000 9,530 9,494
TOTAL EQUITY 52,874 53,323 55,428
Equity and liabilities € 676,689 € 690,059 € 731,856
[1]

(1) The figures corresponding to 2017 have been restated (see Note 1.3).

[2]

(2) Financial information for 2016 has not been revised to reflect changes in our operating segments in 2018, including the inclusion of BBVA Bancomer’s branch in Houston (which was previou sly part of our United States operating segment) in our Mexico operating segment since 2018. If BBVA Bancomer’s branch in Houston had been part of our Mexico operating segment in 2016 (rather than of our United States operating segment), total assets of th e United States and the Mexico operating segments would have been €84,726 million and €97,492 million, respectively, as of December 31, 2016.

[3]

(*) As of December 31, 2018, balance relating to repurchase agreements in Central Banks is €375 million (see Note 35).

[4]

(3) Recorded under the heading “Provisions - Provisions for pensions and similar obligations” of the consolidated balance sheet (see Note 24).

[5]

(*) See Note 1.3.