Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 646

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 646
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|                                                                         |     | 2023 |         |     | 2022 |         |
| Gross value of tangible assets for own use in use and fully depreciated |     |      | 572,004 |     |      | 440,137 |
| Net carrying amount of tangible assets of foreign                       
 operations                                                              |     |      | 302,192 |     |      | 369,759 |

A-473

Lease contracts in which the Group acts as lessee As at 31 December 2023, the cost of property, plant and equipment for own use includes right-of-use assets corresponding to leased tangible assets in which the Group acts as lessee, in the amount of 1,359,188 thousand euros, which have accumulated depreciation of 486,883 thousand euros and are impaired in the amount of 40,026 thousand euros as at the aforesaid date (1,293,944 thousand euros as at 31 December 2022, which had accumulated depreciation of 396,041 thousand euros and were impaired in the amount of 38,657 thousand euros as at that date). The expense recognised in the consolidated income statement for 2023 for the depreciation and impairment of right-of-use assets corresponding to leased tangible assets in which the Group acts as lessee amounted to 94,454 thousand euros and 1,369 thousand euros, respectively (96,017 thousand euros and 1,991 thousand euros, respectively, in 2022). Information is set out below concerning the lease contracts in which the Group acts as lessee:

| Thousand euro                                      |     |      |         |     |      |         |
|                                                    |     | 2023 |         |     | 2022 |         |
| Interest expense on lease liabilities              |     |      | -16,910 |     |      | -15,347 |
| Expense related to short-term low-value leases (*) |     |      | -11,793 |     |      | -11,592 |
| Total lease payments in cash (**)                  |     |      | 106,577 |     |      | 110,950 |

(*) Recognised in the “Administrative expenses” heading, in the item on “Of property, plant and equipment” (see Note 33). (**) Payments of the principal and interest components of the lease liability are recognised as cash flows from financing activities in the Group’s consolidated cash flow statement. The future cash outflows to which the Group may potentially be exposed