Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 559

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 559
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closing, recognised deferred tax assets and liabilities are reviewed to ascertain whether they are still current and to ensure that there is sufficient evidence of the likelihood of generating future tax profits that will allow them to be realised, in the case of assets, adjusting them as required. To conduct the aforesaid review, the following variables are taken into account:

| – | Estimate of the reversal of timing differences on the basis of their nature; and |

| – | The period or limit set forth by prevailing legislation in each country for the reversal of the different tax assets. |

1.3.21 Consolidated statement of recognised income and expenses This statement sets out the recognised income and expenses resulting from the Group’s activity during the year, distinguishing between items recognised as profit or loss in the consolidated income statement and those recognised directly in consolidated equity. 1.3.22 Consolidated statement of total changes in equity This statement sets out all changes in the Group’s equity, including those arising from accounting changes and corrections of errors. It sets out a reconciliation of the carrying amount at the beginning and end of the year of all items that comprise consolidated equity, grouping changes together by type in the following items:

| – | Adjustments due to accounting changes and corrections of errors: includes the changes in consolidated equity that                                                                                                    
 arise as a result of the retroactive restatement of financial statement balances, distinguishing between those that arise from changes in accounting criteria and those that correspond to the correction of errors. |

| – | Total recognised income and expenses: includes, in aggregate form, the total of items recognised in the aforesaid 
 consolidated statement of recognised income and expenses.                                                         |

| – | Other changes in consolidated equity: includes the remaining items recognised in consolidated equity, such as capital                                                                                                        
 increases or decreases, distribution of dividends, transactions with own equity instruments, payments with own equity instruments, transfers between equity items and any other increase or decrease of consolidated equity. |

1.3.23 Consolidated cash flow statement Consolidated cash flow statements have been prepared using the indirect method, in such a way that, based on the Group’s results, the non-monetarytransactions and all types of deferred payment items and accruals which have been or will be the cause of operating income and expenses have been taken into account, in addition to the income and expenses associated with cash flows from activities classified as investing or financing activities. No situations requiring the application of significant judgements to classify cash flows have arisen during the year. There have been no significant transactions that have generated cash