BBV » Topics » Other Administrative Expenses

This excerpt taken from the BBV 20-F filed Jun 28, 2007.

Other Administrative Expenses

The breakdown of other administrative expenses during in 2005 and 2004 is as follows:

 

     Year ended December 31,     Change
     2005     2004     2005/2004
     (in millions of euros)     (in percentages)

Technology and systems

   (434 )   (411 )   5.5

Communications

   (203 )   (183 )   11.0

Advertising

   (212 )   (144 )   47.3

Property, fixtures and materials

   (415 )   (361 )   15.0

Taxes other than income tax

   (213 )   (153 )   39.6

Other expenses

   (683 )   (599 )   14.1
              

Other administrative expenses

   (2,160 )   (1,851 )   16.7
              

Other administrative expenses amounted to €2,160 million in 2005, a 16.7% increase from €1,851 million in 2004. This increase was mainly due to increases in other expenses, advertising expenses and taxes other than income tax.

We calculate our efficiency ratio as (i) the sum of gross income, sales and income from the provision of non-financial services and other operating income, divided by (ii) the sum of cost of sales, personnel expenses, other administrative expenses and other operating expenses. Our efficiency ratio was 43.2% in 2005 compared to 44.6% in 2004. Including depreciation and amortization expense, our efficiency ratio was 46.7% in 2005 compared to 48.6% in 2004.

Net Operating Income

Our net operating income for 2005 was €6,823 million, an increase of 22.0% from €5,591 million in 2004.

Impairment Losses (Net)

Impairment losses (net) was €854 million in 2005, a decrease of 10.8% from 2004. This decrease is mainly due to the fact that, in 2004, impairment losses reflected €145 million that corresponded to the impairment of goodwill relating to BNL in the fourth quarter of 2004.

This excerpt taken from the BBV 20-F filed May 14, 2007.

Other Administrative Expenses

The breakdown of other administrative expenses during in 2005 and 2004 is as follows:

 

     Year ended December 31,     Change
     2005     2004     2005/2004
     (in millions of euros)     (in percentages)

Technology and systems

   (434 )   (411 )   5.5

Communications

   (203 )   (183 )   11.0

Advertising

   (212 )   (144 )   47.3

Property, fixtures and materials

   (415 )   (361 )   15.0

Taxes other than income tax

   (213 )   (153 )   39.6

Other expenses

   (683 )   (599 )   14.1
              

Other administrative expenses

   (2,160 )   (1,851 )   16.7
              

Other administrative expenses amounted to €2,160 million in 2005, a 16.7% increase from €1,851 million in 2004. This increase was mainly due to increases in other expenses, advertising expenses and taxes other than income tax.

We calculate our efficiency ratio as (i) the sum of gross income, sales and income from the provision of non-financial services and other operating income, divided by (ii) the sum of cost of sales, personnel expenses, other administrative expenses and other operating expenses. Our efficiency ratio was 43.2% in 2005 compared to 44.6% in 2004. Including depreciation and amortization expense, our efficiency ratio was 46.7% in 2005 compared to 48.6% in 2004.

Net Operating Income

Our net operating income for 2005 was €6,823 million, an increase of 22.0% from €5,591 million in 2004.

Impairment Losses (Net)

Impairment losses (net) was €854 million in 2005, a decrease of 10.8% from 2004. This decrease is mainly due to the fact that, in 2004, impairment losses reflected €145 million that corresponded to the impairment of goodwill relating to BNL in the fourth quarter of 2004.

This excerpt taken from the BBV 20-F filed Mar 30, 2007.

Other Administrative Expenses

The breakdown of other administrative expenses during in 2005 and 2004 is as follows:

 

     Year ended December 31,     Change
     2005     2004     2005/2004
     (in millions of euros)     (in percentages)

Technology and systems

   (434 )   (411 )   5.5

Communications

   (203 )   (183 )   11.0

Advertising

   (212 )   (144 )   47.3

Property, fixtures and materials

   (415 )   (361 )   15.0

Taxes other than income tax

   (213 )   (153 )   39.6

Other expenses

   (683 )   (599 )   14.1
              

Other administrative expenses

   (2,160 )   (1,851 )   16.7
              

Other administrative expenses amounted to €2,160 million in 2005, a 16.7% increase from €1,851 million in 2004. This increase was mainly due to increases in other expenses, advertising expenses and taxes other than income tax.

We calculate our efficiency ratio as (i) the sum of gross income, sales and income from the provision of non-financial services and other operating income, divided by (ii) the sum of cost of sales, personnel expenses, other administrative expenses and other operating expenses. Our efficiency ratio was 43.2% in 2005 compared to 44.6% in 2004. Including depreciation and amortization expense, our efficiency ratio was 46.7% in 2005 compared to 48.6% in 2004.

Net Operating Income

Our net operating income for 2005 was €6,823 million, an increase of 22.0% from €5,591 million in 2004.

Impairment Losses (Net)

Impairment losses (net) was €854 million in 2005, a decrease of 10.8% from 2004. This decrease is mainly due to the fact that, in 2004, impairment losses reflected €145 million that corresponded to the impairment of goodwill relating to BNL in the fourth quarter of 2004.

This excerpt taken from the BBV 6-K filed Nov 20, 2006.

47. Other administrative expenses

The breakdown of the balance of this heading in the consolidated income statements is as follows:

 

     Thousands of euros

ITEMS

   June 2006    June 2005

Technology and systems

   254,708    214,083

Communications

   109,055    96,102

Advertising

   97,317    97,400

Property, fixtures and materials

   226,964    194,736

Taxes other than income tax

   104,270    97,638

Other administrative expenses

   368,900    311,248
         

Total

   1,161,214    1,011,207
         

The heading Property, Fixtures and Materials includes expenses relating to operating leases of buildings amounting to EUR 88,701 thousand and EUR 74,293 thousand in the periods from January 1 to June 30, 2006 and 2005, respectively. The consolidated companies do not expect to terminate the lease contracts early.

The detail for the period from January 1 to June 30, 2006 of the balance of the heading Other Administrative Expenses in the foregoing table, which includes the fees paid by Group companies to their respective auditors, is as follows:

 

     Thousands of Euros

Audits of the companies audited by firms belonging to the Deloitte worldwide organisation

   5,438

Other reports required by legal and tax regulations issued by the national supervisory bodies of the countries in which the Group operates, reviewed by firms belonging to the Deloitte worldwide organisation

   1,464

Fees for audits conducted by other firms

   1,903

 

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The detail of the other services provided to the various Group companies in the period from January 1 to June 30, 2006 is as follows:

 

     Thousands of Euros

Firms belonging to the Deloitte worldwide organisation

   845

Other firms

   446
This excerpt taken from the BBV 20-F filed Jul 7, 2006.

52. Other administrative expenses

The breakdown of the balance of this heading in the consolidated income statements is as follows:

 

     Thousands of Euros
     2005    2004

Technology and systems

   434,274    411,524

Communications

   202,578    182,552

Advertising

   211,677    143,706

Property, fixtures and materials

   415,421    361,368

Taxes other than income tax

   213,210    152,775

Other expenses

   683,318    598,920
         

Total

   2,160,478    1,850,845
         

The heading Property, Fixtures and Materials includes expenses relating to operating leases of buildings amounting to EUR 157,804 thousand and EUR 139,241 thousand in 2005 and 2004, respectively. The consolidated companies do not expect to terminate the lease contracts early.

The balance of the heading Other Administrative Expenses in the foregoing table includes the audit fees paid by the Group companies to their respective auditors, the detail for 2005 being as follows:

 

     Thousands of Euros

Audits of the companies audited by firms belonging to the Deloitte worldwide organisation

   7,660

Other reports required pursuant to applicable legislation and tax regulations issued by the national supervisory bodies of the countries in which the Group operates, reviewed by firms belonging to the Deloitte worldwide organisation

   1,205

Fees for audits conducted by other firms

   2,385

The detail of the other services provided to the various Group companies in 2005 is as follows:

 

     Thousands of Euros

Firms belonging to the Deloitte worldwide organisation

   1,787

Other firms

   5,428

 

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This excerpt taken from the BBV 6-K filed Mar 30, 2006.

52. Other administrative expenses

The breakdown of the balance of this heading in the consolidated income statements is as follows:

 

     Thousands of Euros
     2005    2004

Technology and systems

   434,274    411,524

Communications

   202,578    182,552

Advertising

   211,677    143,706

Property, fixtures and materials

   415,421    361,368

Taxes other than income tax

   213,210    152,775

Other expenses

   683,318    598,920
         

Total

   2,160,478    1,850,845
         

The heading Property, Fixtures and Materials includes expenses relating to operating leases of buildings amounting to EUR 157,804 thousand and EUR 139,241 thousand in 2005 and 2004, respectively. The consolidated companies do not expect to terminate the lease contracts early.

The balance of the heading Other Administrative Expenses in the foregoing table includes the audit fees paid by the Group companies to their respective auditors, the detail for 2005 being as follows:

 

     Thousands of Euros

Audits of the companies audited by firms belonging to the Deloitte worldwide organisation

   7,660

Other reports required pursuant to applicable legislation and tax regulations issued by the national supervisory bodies of the countries in which the Group operates, reviewed by firms belonging to the Deloitte worldwide organisation

   1,205

Fees for audits conducted by other firms

   2,385

The detail of the other services provided to the various Group companies in 2005 is as follows:

 

     Thousands of Euros

Firms belonging to the Deloitte worldwide organisation

   1,787

Other firms

   5,428

 

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