Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 726

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 726
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 with cash flows from activities classified as investing or financing activities. The consolidated cash flow statement includes certain items which are defined as follows:

| – | Cash flows: inflows and outflows of cash and cash equivalents, where ‘cash equivalents’ are short-term,                                                                                                                                           
 highly liquid investments with a low risk of changes in value. For these purposes, in addition to cash, deposits held with central banks and demand deposits held with credit institutions are also classified as cash components or equivalents. |

| – | Operating activities: typical                                                                                           
 day-to-day activities of the Group and other activities that cannot be classified as investing or financing activities. |

| – | Investing activities: the acquisition, sale or other disposal of long-term assets and other investments not included 
 in cash and cash equivalents or in operating activities.                                                             |

| – | Financing activities: activities that result in changes in the size and composition of consolidated equity and of 
 liabilities that do not form part of operating 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 flows not reflected in the consolidated cash flow statement. A-602

1.4 Comparability The information presented in these consolidated annual financial statements corresponding to 2021 is provided solely and exclusively for purposes of comparison with the information for the year ended 31 December 2022 and therefore does not constitute the Group’s consolidated annual financial statements for 2021. Note 2 – Banco Sabadell Group Subsidiaries and associates as at 31 December 2022 and 2021 are listed in Schedule I, along with their registered offices, primary activities, the Bank’s percentage shareholding in each, key financial data and the consolidation method used (full consolidation or equity method) in each case. Schedule II provides details of consolidated structured entities (securitisation funds). A description is provided hereafter of the business combinations, acquisitions and sales or liquidations which are most representative of investments in the capital of other entities (subsidiaries and/or investments in associates) made by the Group during 2022 and 2021. Schedule I also includes details of changes in the scope of consolidation in each financial year and the results obtained by the Group on the disposal of its subsidiaries and associates. Changes in the scope of consolidation in 2022 Additions to the scope of consolidation: There were no significant additions to the scope of consolidation in 2022. Exclusions from the scope of consolidation: There were no significant