Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 551

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 551
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When the Group takes control of a subsidiary, it applies the acquisition method provided for in the regulations governing business combinations (see Note 1.3.2) except in the case of acquisitions of an asset or a group of assets. The financial statements of subsidiaries are consolidated with the Bank’s financial statements using the full consolidation method. The third-party ownership of the Group’s consolidated equity is shown in the heading “Non-controllinginterests” of the consolidated balance sheet and the part of the profit or loss for the year attributable to these interests is presented under the heading “Profit or loss for the year -Attributable to minority interest [non-controllinginterests]” in the consolidated income statement. Joint ventures These are entities subject to joint control agreements whereby decisions on significant activities are made unanimously by the entities which share control. Investments in joint ventures are accounted for by the equity method, i.e. by the fraction of equity represented by the share held in their capital stock, after taking account of any dividends received from them and any other equity disposals. The Group has not held investments in joint ventures in 2023 and 2022. Associates Associates are entities over which the Group exerts significant influence, which generally, although not exclusively, takes the form of a direct or indirect interest representing 20% or more of the investee’s voting rights. In the consolidated annual financial statements, associates are accounted for using the equity method. The above notwithstanding, when the Group’s investment in an associate is held directly by, or is held indirectly through, a venture capital organisation or similar entity, it may elect to measure that investment at fair value through profit or loss in accordance with IFRS 9. This election is made separately for each A-338

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. associate on the date of its initial recognition. Similarly, when the Group has an interest in an associate that is an investment entity, it may, when applying the equity method, elect to retain the fair value measurement applied by that investment entity associate to its subsidiaries. This election is made separately for each investment entity associate, at the later of the date on which (a) the associate is initially recognised, (b) the associate becomes an investment entity, or (c) the associate or first becomes a parent of a group of entities. Structured entities A structured entity is