Consolidating balance sheets accounting
The separate financial statements of the parent company of the Group (Banco Bilbao Vizcaya Argentaria, S.
A.) are prepared under Spanish regulations (Circular 4/2004 of the Bank of Spain, and subsequent amendments).
The financial statements of the subsidiaries are consolidated with those of the Bank using the global integration method.
The share of non-controlling interests from subsidiaries in the Group’s consolidated equity is presented under the heading “Non-controlling interests” in the consolidated balance sheet.
Note 17 details the impact that application of the proportionate consolidation method on these entities would have had on the consolidated balance sheet and income statement.
Associates are companies in which the Group is able to exercise significant influence, without having total or joint control.
In all cases, results of equity method investees acquired by the BBVA Group in a particular period are included taking into account only the period from the date of acquisition to the financial statements date.
Similarly, the results of companies disposed of during any year are included taking into account only the period from the start of the year to the date of disposal.Appendix II includes other significant information on these companies.These are entities that are not dependent on a third party, but meet all the conditions for being considered a “joint business” (see the definition of jointly controlled entities in Appendix XIII, Glossary).Assets and liabilities recognized under these headings in the accompanying consolidated balance sheets are measured at “amortized cost” using the “effective interest rate” method.This is because the consolidated entities intend to hold such financial instruments to maturity.The amounts recognized under the headings “Valuation adjustments - Available-for-sale financial assets” and “Valuation adjustments - Exchange differences” continue to form part of the Group's consolidated equity until the corresponding asset is derecognized from the consolidated balance sheet or until an impairment loss is recognized in the corresponding financial instrument.Tags: Adult Dating, affair dating, sex dating