Reserves Treasury stock Valuation adjustments Capital base and capital management Contingent risks and commitments Other contingent assets and liabilities Purchase and sale commitments and future payment obligations Transactions for the account of third parties Interest income and expense and similar items Dividend income Fee and commission income Fee and commission expenses Net gains (losses) on financial assets and liabilities Other operating income and expenses Administration costs Depreciation and amortization Provisions (net) Impairment losses on financial assets (net) Impairment losses on other assets (net) Gains (losses) on derecognized assets not classified as non-current assets held for sale Gains (losses) on non-current assets held for sale Statements of cash flows Accountant fees and services Related-party transactions Remuneration and other benefits of the Board of Directors and Members of the Bank s Management Committee Other information Subsequent events Explanation added for translation into Englishĥ Translation of financial statements originally issued in Spanish and prepared in accordance with Spanish generally accepted accounting principles (Bank of Spain Circular 4/2004, and as amended thereafter, which adapts the EU-IFRS for banks. Introduction, basis for presentation of the financial statements and internal control of financial information and other information Accounting policies and valuation criteria applied System of shareholder remuneration Earnings per share Risk management Fair value of financial instruments Cash and balances with central banks Financial assets and liabilities held for trading Other financial assets and liabilities at fair value through profit or loss Available-for-sale financial assets Loans and receivables Hedging derivatives (receivable and payable) and Fair-value changes of the hedged items in portfolio hedges of interest-rate risk Non-current assets held for sale Investments in entities Tangible assets Intangible assets Tax assets and liabilities Other assets and liabilities Financial liabilities at amortized cost Provisions Pensions and other post-employment commitments Common stock Share premiumĤ Translation of financial statements originally issued in Spanish and prepared in accordance with Spanish generally accepted accounting principles (Bank of Spain Circular 4/2004, and as amended thereafter, which adapts the EU-IFRS for banks. 8 Statements of recognized income and expenses Statements of changes in equity Statements of cash flows Notes to the Accompanying Financial Statements 1. Contents Financial Statements Balance sheets. In the event of a discrepancy, the original Spanish-language Annual Report Financial Statements, Management Report and Audit Report 2014ģ Translation of financial statements originally issued in Spanish and prepared in accordance with Spanish generally accepted accounting principles (Bank of Spain Circular 4/2004, and as amended thereafter, which adapts the EU-IFRS for banks. This English version is a translation of the original in Spanish for information purposes only. 1 Translation of financial statements originally issued in Spanish and prepared in accordance with Spanish generally accepted accounting principles (Bank of Spain Circular 4/2004, and as amended thereafter, which adapts the EU- IFRS for banks.