Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 667

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 667
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 hand, the amendments to IAS 1 require institutions to disclose their material accounting policy information rather
than their significant accounting policies, clarifying that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed. On the other hand, the amendments to Practice
Statement 2, on making materiality judgements, provide guidance on how to apply the concept of materiality to accounting policy disclosures.

The
amendments to IAS 1 will be applied prospectively, with early application permitted.

These amendments define “accounting estimates” as monetary amounts in financial statements that are subject to
measurement uncertainty; they also provide guidance on how to distinguish between changes in accounting estimates and changes in accounting policies. That distinction is important because changes in accounting estimates are applied prospectively,
whereas changes in accounting policies are generally applied retrospectively. In particular, the amendments clarify that a change in accounting estimates that results from new information or new developments is not the correction of a prior period
error. The early application of these amendments is permitted.

These amendments introduce an exception to the initial recognition exemption provided in IAS 12 for
situations in which a single transaction gives rise to equal deductible and taxable timing differences. These amendments apply to transactions that occur on or after the beginning of the earliest comparative period presented. The early application
of these amendments is permitted.

Not approved for application in the EU

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

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