Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 218

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 218
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S 9 should be carried out retrospectively, although it is not mandatory to restate information from previous years. Earlier application of either all the amendments at the same time or only the amendments related to the classification of financial assets is permitted. A-15

Amendments to IFRS 9 and and IFRS 7 “Contracts referencing nature-dependent electricity” The purpose of these amendments is to improve the information disclosed by banks in their financial statements in relation to nature-dependent electricity contracts, generally structured as Power Purchase Agreements (PPAs). Earlier application of these amendments is permitted. Annual improvements to IFRS Accounting Standards - Volume 11 These amendments include clarifications, simplifications, corrections and minor changes aimed at improving the consistency of the following standards: IFRS 1 “First-time adoption of international financial reporting standards”, IFRS 7 “Financial instruments: disclosures” and its accompanying guidance on implementation, IFRS 9 “Financial instruments”, IFRS 10 “Consolidated financial statements” and IAS 7 “Statement of cash flows”. IFRS 18 “Presentation and disclosure in financial statements” IFRS 18, which will replace IAS 1, aims to improve the quality of financial reporting, as it:

| – | introduces defined categories for income and expenses (operating, investing and financing) and requires defined 
 subtotals for each category (i.e. operating profit) in the income statement;                                    |

| – | requires the disclosure of information on Management-defined Performance Measures (MPMs) in the notes to the 
 financial statements; and                                                                                    |

| – | adds new principles for the aggregation and disaggregation of financial information. |

In addition, IFRS 18 introduces narrow-scope amendments, among others, to IAS 7 “Statement of cash flows”, IAS 33 “Earnings per share” and IAS 34 “Interim financial reporting”. These changes should be applied as from the date of entry into force of IFRS 18. The Bank considers that IFRS 18 will mainly have an impact on the presentation and disclosure of the consolidated income statement as a result of adapting the templates used for the consolidated financial statements to the aforesaid amendments. The application of IFRS 18 on the date of its entry into force should be carried out retrospectively. Earlier application will also be permitted. IFRS 19 “Subsidiaries without public accountability: disclosures” This standard allows certain subsidiaries to provide