Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 406

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 406
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     |                |     |     |                  |      |
| Profit or loss of entities accounted for using the equity method                  |     |                   |  122 |     |                |  31 |     |                  |  153 |
| Other comprehensive income                                                        |     |                   | -265 |     |                | -41 |     |                  | -306 |
| Of which:                                                                         |     |                   |      |     |                |     |     |                  |      |
| Share of other recognised income and expense of investments in joint ventures and 
 associates                                                                        |     |                   |  -42 |     |                | -41 |     |                  |  -83 |

The entry into force of IFRS 17 has not had any significant impact on the classification and recognition of the Group’s other assets and liabilities. A-245

Amendment to IFRS 17 “Initial application of IFRS 17 and IFRS 9: Comparative Information”

This narrow-scope amendment aims to provide insurance undertakings with an option relating to the presentation of comparative information about
financial assets in order to avoid accounting mismatches between financial assets and insurance contract liabilities in the aforesaid comparative information at the date of initial application of IFRS 9 and IFRS 17.

Amendments to IAS 1 and IFRS Practice Statement 2 “Disclosure of accounting policies”

These amendments aim to help institutions to improve accounting policy disclosures so that they provide more useful information in their annual
financial statements.

On one hand, the amendments to IAS 1 require institutions to disclose their material accounting policy information rather
than their significant accounting policies, clarifying that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed. On the other hand, the amendments to Practice
Statement 2, on making materiality judgements, provide guidance on how to apply the concept of materiality to accounting policy disclosures.

Amendments to IAS 8 “Definition of accounting estimates”

These amendments define “accounting estimates” as monetary amounts in financial
statements that are subject to measurement uncertainty; they also provide guidance on how to distinguish between changes in accounting estimates and changes in accounting policies. That distinction is important because changes in accounting
estimates are applied prospectively, whereas changes in accounting policies are generally applied retrospectively. In particular, the amendments clarify that a change in accounting estimates that results from new information or new developments is