Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 520

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 520
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 82,608 |     |              |       — |
| Other          |     |                     |     4,993 |     |              |       — |     |                     |     7,174 |     |              |       — |
| Total          |     |                     | 5,899,945 |     |              | 120,736 |     |                     | 6,385,531 |     |              | 114,970 |

As indicated in Note 1.3.20, according to the information available as at year-endand the projections taken from the Group’s business plan for the coming years, the Group estimates that it will be able to generate sufficient taxable income to offset tax loss carry-forwards within a period of three years and non-monetisabletax assets, where these can be deducted according to current tax regulations, within a period of 10 years. In addition, the Group performs a sensitivity analysis of the most significant variables used in the deferred tax asset recoverability analysis, taking into consideration reasonable changes to the key assumptions on which the projected results of each entity or tax group are based and the estimated reversal of timing differences. With respect to Spain, the variables considered are those used in the sensitivity analysis of the calculation of the recoverable amount of goodwill (see Note 16). The conclusions drawn from that analysis are not significantly different from those reached without stressing the significant variables. The Constitutional Court declared, in its ruling 11/2024 dated 18 January 2024, published in the Official State Gazette ( Boletín Oficial del Estado) on 20 February 2024, that certain measures related to corporation tax introduced by Royal Decree-Law3/2016 of 2 December were unconstitutional. Those measures were reintroduced in Law 7/2024 of 20 December, which is applicable to the financial year 2024. As at 31 December 2024, the Group had deferred tax assets not recognised in the balance sheet for unused tax losses in the amount of 420,324 thousand euros and deductions amounting to 10,887 thousand euros. Monetisable tax assets are guaranteed by the State. Therefore, their recoverability does not depend on the generation of future tax benefits. Years subject to tax inspection As at 31 December 2024, corporation tax for the consolidated tax group in Spain was open to review for 2020 and subsequent years. In relation to Value Added Tax (VAT) corresponding to entities forming part of the VAT group in