Equity instruments

12 Months Ended

Dec. 31, 2023

Equity [abstract]

Equity instruments

Equity instruments

a) Breakdown

The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows:

EUR million
	2023	2022	2021
Classification
Financial assets held for trading	15,057	10,066	15,077
Non-trading financial assets mandatorily at fair value through profit or loss	4,068	3,711	4,042
Financial assets designated at fair value through other comprehensive income	1,761	1,941	2,453
	20,886	15,718	21,572
Type
Shares of Spanish companies	3,540	3,284	3,896
Shares of foreign companies	15,185	10,494	15,184
Shares of investment funds	2,161	1,940	2,492
	20,886	15,718	21,572

Note 29 contains a detail of the 'Other comprehensive income', recognised in equity, on 'Financial assets designated at fair value through other comprehensive income'.

b) Changes

The changes in 'Financial assets at fair value through other comprehensive income' were as follows:

EUR million
	2023	2022	2021
Balance at beginning of the year	1,941	2,453	2,783
Net additions (disposals)	11	(33)	(276)
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR)A	(162)	(497)	(171)
Changes in the RV hedged with micro-hedging transactions	(29)	18	117
Balance at end of year	1,761	1,941	2,453

A.They do not include fair value movements for currency risk hedged with hedging instruments.

c) Notifications of acquisitions of investments

The notifications of the acquisitions and disposals of holdings in investees made by the Bank in 2023, in compliance with Article 155 of the Spanish Limited Liability Companies Law and Article 105 of Spanish Securities Market Law 24/1998, are listed in appendix IV.