Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 273

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 273
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 the IASB not yet in effect will not have a significant impact for the Group. A-14

1.4 Use of judgements and estimates in preparing the condensed consolidated interim financial statements The preparation of the condensed consolidated interim financial statements requires certain accounting estimates to be made. It also requires the use of professional judgement when applying the Group’s accounting policies. Such judgements and estimates may affect the value of assets and liabilities and the disclosure of contingent assets and contingent liabilities as at the date of the condensed consolidated interim financial statements, as well as the income and expenses during the period to which they relate. The main judgements and estimates made in these condensed consolidated interim financial statements relate to the following items:

| – | The fair value of certain unquoted financial assets (see Note 6). |

| – | The fair value of real estate assets held on the balance sheet (see Note 6). |

| – | The accounting classification of financial assets and off-balance sheet 
 exposures according to their credit risk (see Notes 8, 10 and 20).      |

| – | Impairment losses on certain financial assets and off-balance sheet exposures 
 (see Notes 8, 10 and 20).                                                     |

| – | The useful life and impairment losses of tangible assets and other intangible assets (see Notes 11 and 12). |

| – | The measurement of goodwill on consolidation (see Note 12). |

| – | The assumptions used in actuarial calculations of liabilities and post-employment obligations (see Note 18). |

| – | The provisions and consideration of contingent liabilities (see Note 18). |

| – | The recoverability of non-monetisable deferred tax assets and tax credits (see Note 32). |

| – | Corporation tax expense, which, in accordance with IAS 34, is recognised in interim periods based on the best 
 estimate of the weighted average tax rate that the Group expects for the full financial year.                 |

The estimates are based on the best knowledge to hand about current and foreseeable circumstances, taking into account the uncertainties stemming from the existing economic and geopolitical environment and, consequently, the final results could differ from these estimates, particularly in relation to impairment losses on certain financial assets and off-balancesheet exposures. Future events may therefore make it necessary to modify these estimates, which would involve recording the effects of such estimation changes, if any, in the Group’s consolidated financial statements on a forward-looking basis, in accordance with applicable regulations. The macroeconomic scenarios