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Statement of financial position, order of liquidity (Statement) - EUR (€)
€ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets [Line Items]      
Cash and cash equivalents € 79,756 € 67,799 € 65,520
Current financial assets at fair value through profit or loss, classified as held for trading 110,671 123,493 105,878
Derivative financial assets held for trading [1] 39,908 30,933 40,183
Equity instruments held for trading 4,404 15,963 11,458
Debt instruments held for trading 24,367 25,790 23,970
Loans and advances to central banks held for trading 1,632 3,467 53
Loans and advances to banks held for trading 25,231 31,916 18,317
Loans and advances to customers held for trading assets 15,130 15,424 11,898
Financial assets at fair value through profit or loss, mandatorily measured at fair value 6,888 6,086 5,198
Equity instruments, mandatorily measured at fair value 6,511 5,303 4,133
Debt securities, mandatorily measured at fair value 129 128 356
Loans and advances to customers, mandatorily measured at fair value 247 655 709
Financial assets at fair value through profit or loss 913 1,092 1,117
Debt securities at fair value through profit or loss 913 1,092 1,117
Financial assets at fair value through other comprehensive income 58,980 60,421 69,440
Investments in equity instruments designated at fair value through other comprehensive income 1,198 1,320 1,100
Debt securities at fair value through other comprehensive income 57,755 59,074 68,308
Loans and advances to credit institutions at fair value through other comprehensive income 26 27 33
Financial assets at amortised cost 422,061 372,676 367,668
Debt Securities at amortized cost 43,606 34,781 35,737
Loans and advances to central banks at amortised cost 4,401 5,681 6,209
Loans and advances to banks 16,031 13,276 14,575
Loans and advances to customers 358,023 318,939 311,147
Derivative financial assets held for hedging 1,891 1,805 1,991
Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets (148) 5 51
Investments in subsidiaries, joint ventures and associates 916 900 1,437
Investments in joint ventures 100 152 149
Investments in associates 816 749 1,288
Assets under insurance contracts and reinsurance contracts issued 210 269 306
Tangible assets 8,737 7,298 7,823
Property, plant and equipment 8,441 7,107 7,601
Property plant and equipment for own use 7,911 6,874 7,311
Assets leased out under an operating lease 530 233 290
Investment property 296 191 222
Intangible assets and goodwill 2,156 2,197 2,345
Goodwill 707 818 910
Intangible assets other than goodwill 1,449 1,379 1,435
Tax assets 16,472 15,850 16,526
Current tax assets [2] 1,978 932 1,199
Deferred tax assets 14,494 14,917 15,327
Other assets 2,614 1,934 2,513
Insurance contracts linked to pensions 0 0 0
Inventories 325 424 572
Rest other assets 2,289 1,510 1,941
Non-current assets or disposal groups classified as held for sale 1,022 1,061 85,987
Assets 713,140 662,885 733,797
Equity and Liabilities [Line Items]      
Current financial liabilities at fair value through profit or loss, classified as held for trading 95,611 91,135 84,109
Derivative financial liabilities held for trading [1] 37,909 31,705 41,680
Short positions held for trading 13,487 15,135 12,312
Deposits from central banks held for trading 3,950 11,248 6,277
Deposits from credit institutions held for trading 28,924 16,176 14,377
Customer deposits held for trading 11,341 16,870 9,463
Financial liabilities at fair value through profit or loss 10,580 9,683 10,050
Customer deposits at fair value 700 809 902
Debt certificates at fair value 3,288 3,396 4,531
Other financial liabilities at fair value 6,592 5,479 4,617
Financial liabilities at amortised cost 528,629 487,893 490,606
Liabilities due to central banks 38,323 47,351 45,177
Deposits from banks 26,935 19,834 27,629
Deposits from customers 393,856 349,761 342,661
Debt instruments issued 55,429 55,763 61,780
Other financial liabilities 14,086 15,183 13,358
Derivative financial liabilities held for hedging 3,303 2,626 2,318
Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities 0 0 0
Insurance contracts issued that are liabilities 11,848 10,865 9,951
Provisions 4,933 5,889 6,141
Provisions for employee benefits [3] 2,632 3,576 4,272
Other long term employees benefits 466 632 49
Legal proceedings provision 685 623 612
Provisions commitments and guarantees given 770 691 728
Other provisions [4] 380 366 479
Tax liabilities 2,742 2,413 2,355
Current tax liabilities [2] 1,415 644 545
Deferred tax liabilities 1,326 1,769 1,809
Other liabilities 4,880 3,621 2,802
Liabilities included in disposal groups classified as held for sale 0 0 75,446
Liabilities 662,526 614,125 683,777
Shareholders equity 64,422 60,383 58,904
Issued capital 2,955 3,267 3,267
Additional paid-in capital 2,955 3,267 3,267
Unpaid capital which has been called up 0 0 0
Share premium 20,856 23,599 23,992
Equity instruments issued other than capital 0 0 0
Other equity interest 63 60 42
Retained earnings 32,536 31,841 30,508
Revaluation surplus 0 0 0
Other reserves 2,345 (1,857) (164)
Reserves or accumulated losses of investments in subsidaries joint ventures and associates (221) (247) (164)
Other reserves other 2,566 (1,610) 0
Treasury shares (29) (647) (46)
Profits or losses attributable to owners of the parent 6,420 4,653 1,305
Interim dividends (722) (532) 0
Accumulated other comprehensive income (17,432) (16,476) (14,356)
Items that will not be reclassified to profit or loss (1,881) (2,075) (2,815)
Actuarial gains or losses on defined benefit pension plans (760) (998) (1,474)
Non-current assets and disposal groups classified as held for sale (not reclassified) 0 0 (65)
Share of other recognised income and expense of investments in subsidaries joint ventures and associates (not reclassified) 0 0 0
Fair value changes of equity instruments measured at fair value through other comprehensive income that will not be reclassified to profit or loss (1,194) (1,079) (1,256)
Hedge ineffectiveness of fair value hedges for equity instruments measured at fair value through other comprehensive income 0 0 0
Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk 72 2 (21)
Items that may be reclassified to profit or loss (15,550) (14,401) (11,541)
Hedge of net investments in foreign operations effective portion (1,408) (146) (62)
Foreign currency translation (13,103) (14,988) (14,185)
Hedging derivatives. Cash flow hedges effective portion (458) (533) 10
Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (562) 1,274 2,069
Hedging Instruments (not designated) 0 0 0
Non-current assets and disposal groups classified as held for sale may be reclassified 0 0 644
Share of other recognised income and expense of investments in subsidaries joint ventures and associates (18) (9) (17)
Non-controlling interests 3,624 4,853 5,471
Accumulated other comprehensive income non controlling interest (3,112) (8,414) (6,949)
Other non controlling interest items 6,736 13,267 12,421
Adjusted initial balance 50,615 48,760 50,020
Equity and liabilities € 713,140 € 662,885 € 733,797
[1] 1) The variation is mainly due to the evolution of exchange rate derivatives at BBVA, S.A.
[2] (1) The increase in current tax assets relates mainly to a higher tax receivable by the tax group in Spain for the refund of the 2022 corporate income tax as a result of the instalment payments made in the year. On the other hand, the increase in current tax liabilities mainly corresponds to a higher tax payable in both Mexico and Turkey in relation to the estimated corporate income tax for the year 2022.
[3] (1) The variation is mainly due to the lower valuation of defined benefit commitments after the interest rate hike in Spain and benefit payments.
[4] (3) Individually non-significant provisions, for various concepts and corresponding to different geographical areas.