Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 733

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 733
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Classification of liabilities as current or non-current

These amendments are designed to make clear how institutions should classify debts and other liabilities as current and
non-current, in particular liabilities with no fixed maturity and those that may be converted to equity. The early application of these amendments is permitted.

Non-currentliabilities with covenants

The purpose of these amendments is to clarify how the conditions agreed in a loan (the “covenants”) affect the classification of that loan as
either a current or a non-current liability according to whether those conditions must be complied with before or after the date of the financial statements. These amendments change the “Classification of
liabilities as current or non-current” and defer their entry into force until 1 January 2024. The early application of these amendments is permitted.

A-562

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. Amendments to IFRS 16 “Lease liabilities in sale and leaseback transactions” These amendments specify the requirements that a seller-lessee must use to measure the lease liability arising from a sale and leaseback transaction to ensure that the seller-lessee does not recognise any gain or loss related to the right of use that it retains. The amendments to IFRS 16 will be applied retrospectively, with early application permitted. Judgements and estimates The preparation of the consolidated annual financial statements requires certain accounting estimates to be made. It also requires management to use its best judgement in the process of applying the Group’s accounting policies. Such judgements and estimates may affect the value of the assets and liabilities and the disclosure of contingent assets and contingent liabilities as at the date of the consolidated annual financial statements, as well as income and expenses in the year. The main judgements and estimates relate to the following:

| – | The determination of the business models under which financial assets are managed (see Notes 1.3.3, 8 and 11). |

| – | The accounting classification of financial assets according to their credit risk (see Notes 1.3.4, 8 and 11). |

| – | Losses due to the impairment of certain financial assets (see Notes 1.3.4, 8, 11 and 26). |

| – | The assumptions used in actuarial calculations of liabilities and post-employment obligations (see Notes 1.