Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 577

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 577
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between 0.9% and 1.2% of the Group’s consolidated equity and of between 12 and 16 basis points in the Group’s fully-loaded Common Equity Tier 1 (CET1) ratio.

This narrow-scope amendment aims to provide insurance undertakings with an option relating to the presentation of comparative information about
financial assets in order to avoid accounting mismatches between financial assets and insurance contract liabilities in the aforesaid comparative information upon initial application of IFRS 9 and IFRS 17.

In the event this option is used, the application of this amendment will be simultaneous with the application of IFRS 17.

These amendments aim to help institutions to improve accounting policy disclosures so that they provide more useful information in their annual
financial statements.

On one 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-current