Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 578

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 578
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liabilities 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-473

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 1.3.17 and 
 22).                                                                                                                |

| – | The measurement of consolidated goodwill (see Notes 1.3.12 and 16). |

| – | The useful life and impairment losses of tangible assets and other intangible assets (see Notes 1.3.10, 1.3.11, 
 1.3.12, 15 and 16).                                                                                             |

| – | The provisions and consideration of contingent liabilities (see Notes 1.