Repsol SA
Repsol SA
07/28/2021 | Press release | Distributed by Public on 07/29/2021 03:02
Financial and operating data tables - XLS (160 KB)
Index
| 2Q21 Results |
| FINANCIAL AND OPERATING DATA TABLES |
| General information |
| Net Debt |
| Metrics by Business Segments |
| Adjusted Net Income by Business segments |
| Other Financial information |
| Operating Indicators |
| Operating Indicators (I) |
| Operating Indicators (II) |
| Repsol's Reporting Consolidated Financial Statements |
| Balance Sheet |
| Income Statement |
| Cashflow Statement |
| Repsol's IFRS Consolidated Financial Statements |
| Balance Sheet |
| Income Statement |
| Cashflow Statement |
| Recognized Income and Expense Statement |
| Statement of Changes in Equity |
General Information
| KEY METRICS FOR THE PERIOD | ||||||||
| (Unaudited figures) | ||||||||
| Results (€ Million) | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Upstream | 351 | 327 | (141) | - | 678 | (51) | - | |
| Industrial | 166 | 73 | 8 | - | 239 | 296 | (19.3) | |
| Commercial and Renewables | 127 | 101 | 42 | 202.4 | 228 | 163 | 39.9 | |
| Corporate and Others | (156) | (30) | (167) | 6.6 | (186) | (219) | 15.1 | |
| Adjusted Net Income | 488 | 471 | (258) | - | 959 | 189 | - | |
| Inventory effect | 168 | 321 | (298) | - | 489 | (1,088) | - | |
| Special items | (69) | (144) | (1,441) | 95.2 | (213) | (1,585) | 86.6 | |
| Net Income | 587 | 648 | (1,997) | - | 1,235 | (2,484) | - | |
| Earnings per share (€/share) | 0.39 | 0.41 | (1.28) | - | 0.80 | (1.59) | - | |
| Financial data (€ Million) | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| EBITDA | 1,798 | 1,837 | 240 | - | 3,635 | 589 | - | |
| EBITDA CCS | 1,565 | 1,395 | 641 | 144.1 | 2,960 | 2,096 | 41.2 | |
| Operating Cash Flow | 902 | 1,030 | 268 | 236.6 | 1,932 | 864 | 123.6 | |
| Investments | 560 | 501 | 479 | 16.9 | 1,061 | 1,113 | (4.7) | |
| Group's Effective Tax Rate (%) | (38) | (41) | 11 | (49.0) | (39) | (48) | 9.0 | |
| Net Debt (*) | 6,386 | 6,452 | 8,026 | (20.4) | 6,386 | 8,026 | (20.4) | |
| International prices | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Brent ($/bbl) | 69.0 | 61.1 | 29.6 | 133.1 | 65.0 | 40.1 | 62.1 | |
| Henry Hub ($/MBtu) | 2.8 | 2.7 | 1.7 | 64.7 | 2.8 | 1.8 | 55.6 | |
| Average exchange rate ($/€) | 1.21 | 1.20 | 1.10 | 10.0 | 1.21 | 1.10 | 10.0 | |
| Operational data | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Liquids Production (Thousand bbl/d) | 208 | 234 | 214 | (2.8) | 221 | 229 | (3.5) | |
| Gas Production (**) (Million scf/d) | 1,983 | 2,267 | 2,388 | (17.0) | 2,125 | 2,503 | (15.1) | |
| Total Production (Thousand boe/d) | 561 | 638 | 640 | (12.3) | 599 | 675 | (11.3) | |
| Crude Oil Realization Price ($/bbl) | 61.5 | 54.4 | 25.5 | 141.2 | 57.7 | 35.8 | 61.2 | |
| Gas Realization Price ($/Thousand scf) | 3.7 | 3.4 | 1.9 | 94.7 | 3.6 | 2.2 | 63.6 | |
| Distillation Utilization Spanish Refining (%) | 70.6 | 76.2 | 69.9 | 0.7 | 73.4 | 76.1 | (2.7) | |
| Conversion Utilization Spanish Refining (%) | 73.1 | 81.6 | 82.4 | (9.3) | 77.3 | 91.4 | (14.1) | |
| Refining Margin Indicator in Spain ($/bbl) | 1.5 | 0.2 | 3.0 | (50.0) | 0.9 | 3.9 | (76.9) | |
| Sustainability data | Q2 2021 | Q1 2021 | Q2 2020 | Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | Change 2021 / 2020 | |
| Process safety indicator (PSIR) | 0.11 | 0.46 | 0.55 | (0.4) | 0.23 | 0.82 | (0.6) | |
| Total recordable injury rate (TRIR) | 1.01 | 0.90 | 0.36 | 0.7 | 0.91 | 0.99 | (0.1) | |
| Annual CO2e emissions reduction (Kt) (***) | 106 | 70 | 168 | (62) | 176 | 228 | (52) | |
| (*) It includes leases: 3,715 M€ and 3,626 M€ as of first quarter 2021 and second quarter 2021 respectively (**) 1,000 Mcf/d = 28.32 Mm3/d = 0.178 Mboe/d. (***) Estimated. | ||||||||
| UPSTREAM | ||||||||
| (Unaudited figures) | ||||||||
| Results (€ Million) | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Adjusted Net Income | 351 | 327 | (141) | - | 678 | (51) | - | |
| Operating income | 586 | 596 | (165) | - | 1,182 | (4) | - | |
| Income tax | (239) | (271) | 20 | - | (510) | (57) | - | |
| Income from equity affiliates and non-controlling interests | 4 | 2 | 4 | - | 6 | 10 | (40.0) | |
| EBITDA | 918 | 927 | 331 | 177.3 | 1,845 | 988 | 86.7 | |
| Investments | 212 | 206 | 214 | (0.9) | 418 | 603 | (30.7) | |
| Effective Tax Rate (%) (*) | (41) | (45) | 12 | (53.0) | (43) | - | - | |
| International prices | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Brent ($/bbl) | 69.0 | 61.1 | 29.6 | 133.1 | 65.0 | 40.1 | 62.1 | |
| WTI ($/bbl) | 66.2 | 58.1 | 28.0 | 136.4 | 62.2 | 36.8 | 69.0 | |
| Henry Hub ($/MBtu) | 2.8 | 2.7 | 1.7 | 64.7 | 2.8 | 1.8 | 55.6 | |
| Average exchange rate ($/€) | 1.21 | 1.20 | 1.10 | 10.0 | 1.21 | 1.10 | 10.0 | |
| Realization prices | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Crude Oil ($/bbl) | 61.5 | 54.4 | 25.5 | 141.2 | 57.7 | 35.8 | 61.2 | |
| Gas ($/Thousand scf) | 3.7 | 3.4 | 1.9 | 94.7 | 3.6 | 2.2 | 63.6 | |
| Production | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Liquids (Thousand bbl/d) | 208 | 234 | 214 | (2.8) | 221 | 229 | (3.5) | |
| Gas (**) (Million scf/d) | 1,983 | 2,267 | 2,388 | (17.0) | 2,125 | 2,503 | (15.1) | |
| Total (Thousand boe/d) | 561 | 638 | 640 | (12.3) | 599 | 675 | (11.3) | |
| (*) Calculated on the Operating Income (**) 1,000 Mcf/d = 28.32 Mm3/d = 0.178 Mboe/d | ||||||||
| INDUSTRIAL | ||||||||
| (Unaudited figures) | ||||||||
| Results (€ Million) | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Adjusted Net Income | 166 | 73 | 8 | - | 239 | 296 | (19.3) | |
| Operating income | 219 | 88 | 15 | - | 307 | 409 | (24.9) | |
| Income tax | (57) | (20) | (5) | - | (77) | (109) | 29.4 | |
| Income from equity affiliates and non-controlling interests | 4 | 5 | (2) | - | 9 | (4) | - | |
| Inventory effect (after taxes) | 160 | 304 | (282) | - | 464 | (1,066) | - | |
| EBITDA | 647 | 708 | (156) | - | 1,355 | (670) | - | |
| EBITDA CCS | 424 | 289 | 223 | 90.1 | 713 | 808 | (11.8) | |
| Investments | 129 | 74 | 104 | 24.0 | 203 | 227 | (10.6) | |
| Effective Tax Rate (%) (*) | (26) | (23) | (33) | 7.0 | (25) | (27) | 2.0 | |
| Operational data | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Refining Margin Indicator in Spain ($/bbl) | 1.5 | 0.2 | 3.0 | (50.0) | 0.9 | 3.9 | 0 | (76.9) |
| Distillation Utilization Spanish Refining (%) | 70.6 | 76.2 | 69.9 | 0.7 | 73.4 | 76.1 | 0 | (2.7) |
| Conversion Utilization Spanish Refining (%) | 73.1 | 81.6 | 82.4 | (9.3) | 77.3 | 91.4 | 0 | (14.1) |
| Processed Crude (Mt) | 8.8 | 9.4 | 8.3 | 6.0 | 18.2 | 18.5 | (1.6) | |
| Intl. Petrochemical Margin Indicator (€/t) | 1,537 | 1,059 | 884 | 73.9 | 1,298 | 874 | 48.5 | |
| Petrochemical Product Sales (Thousand tons) | 671 | 711 | 740 | (9.3) | 1,382 | 1,297 | 6.6 | |
| International prices ($/bbl) | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Maya vs Brent spread | (5.5) | (4.5) | (8.6) | 36.0 | (5.0) | (9.3) | 46.2 | |
| Gasoline vs Brent spread | 10.1 | 5.6 | 2.5 | - | 7.8 | 3.7 | 110.8 | |
| Diesel vs Brent spread | 6.4 | 5.9 | 8.9 | (28.1) | 6.2 | 11.3 | (45.1) | |
| (*) Calculated on the Operating Income | ||||||||
| COMMERCIAL AND RENEWABLES | ||||||||
| (Unaudited figures) | ||||||||
| Results (€ Million) | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Adjusted Net Income | 127 | 101 | 42 | 202.4 | 228 | 163 | 39.9 | |
| Operating income | 176 | 136 | 54 | 225.9 | 312 | 218 | 43.1 | |
| Income tax | (45) | (33) | (12) | (275.0) | (78) | (52) | (50.0) | |
| Income from equity affiliates and non-controlling interests | (4) | (2) | 0 | - | (6) | (3) | (100.0) | |
| Inventory effect (after taxes) | 8 | 17 | (16) | - | 25 | (22) | - | |
| EBITDA | 277 | 242 | 118 | 134.7 | 519 | 360 | 44.2 | |
| EBITDA CCS | 267 | 219 | 140 | 90.7 | 486 | 389 | 24.9 | |
| Investments | 200 | 213 | 141 | 41.8 | 413 | 259 | 59.5 | |
| Effective Tax Rate (%) (*) | (25) | (24) | (22) | (3.0) | (25) | (24) | (1.0) | |
| Operational data | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Electricity Prices in Spanish pool (€/MWh) | 71.8 | 44.7 | 23.2 | 209.5 | 58.3 | 29.0 | 101.0 | |
| Marketing own network sales (Diesel & Gasoline in km3) | 3,248 | 3,255 | 2,385 | 36.2 | 6,502 | 5,825 | 11.6 | |
| Electricity Generation (GWh) | 958 | 1,095 | 1,401 | (31.6) | 2,052 | 2,293 | (10.5) | |
| Electricity commercialization (GWh) (**) | 892 | 1,015 | 848 | 5.2 | 1,907 | 1,912 | (0.3) | |
| LPG Sales (Thousand tons) | 263 | 387 | 221 | 19.0 | 650 | 601 | 8.2 | |
| (*) Calculated on the Operating Income (**) Estimated | ||||||||
| CORPORATE AND OTHERS | ||||||||
| (Unaudited figures) | ||||||||
| Results (€ Million) | Q2 2021 | Q1 2021 | Q2 2020 | e | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 |
| Adjusted Net Income | (156) | (30) | (167) | 6.6 | (186) | (219) | 15.1 | |
| Corporate and adjustments result | (64) | (58) | (73) | 12.3 | (122) | (129) | 5.4 | |
| Financial result | (138) | 27 | (125) | (10.4) | (111) | (136) | 18.4 | |
| Consolidation adjustments | 0.0 | 0.0 | ||||||
| Income tax | 45 | 1 | 31 | 45.2 | 46 | 46 | 0.0 | |
| Income from equity affiliates and non-controlling interests | 1 | 0 | 0 | - | 1 | 0 | - | |
| EBITDA | (44) | (40) | (53) | 17.0 | (84) | (89) | 5.6 | |
| Net Interests (*) | (43) | (47) | (55) | 21.8 | (90) | (104) | 13.5 | |
| Investments | 19 | 8 | 20 | (5.0) | 27 | 24 | 12.5 | |
| Effective Tax Rate (%) (**) | 22 | 5 | 16 | 6.0 | 20 | 18 | 2.0 | |
| (*) Does not include interest income/expenses from leases. (**) Calculated on the Operating Income and the Financial Result. | ||||||||
| SPECIAL ITEMS | ||||||||
| (Unaudited figures) | ||||||||
| Results (€ Million) | Q2 2021 | Q1 2021 | Q2 2020 | % Change Q2 21/Q2 20 | Jan - Jun 2021 | Jan - Jun 2020 | % Change 2021 / 2020 | |
| Divestments | (5) | 6 | 3 | - | 1 | 72 | (98.6) | |
| Indemnities and workforce restructuring | (31) | (23) | (35) | 11.4 | (54) | (41) | (31.7) | |
| Impairment of assets | (15) | 10 | (1,296) | 98.8 | (5) | (1,296) | 99.6 | |
| Provisions and others | (18) | (137) | (113) | 84.1 | (155) | (320) | 51.6 | |
| Special Items | (69) | (144) | (1,441) | 95.2 | (213) | (1,585) | 86.6 |
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/xl/drawings/drawing2.xml#Index!A1Net Debt
| NET DEBT | ||
| (Unaudited figures) | ||
| NET DEBT EVOLUTION (1) (€ Million) | Q2 2021 | Jan-Jun 2021 |
| NET DEBT AT THE START OF THE PERIOD | 6,452 | 6,778 |
| EBITDA CCS | (1,565) | (2,960) |
| INVENTORY EFFECT | (233) | (675) |
| CHANGE IN WORKING CAPITAL | 561 | 1,158 |
| INCOME TAX RECEIVED /PAID | 217 | 343 |
| NET INVESTMENT | 453 | 978 |
| DIVIDENDS PAID AND OTHER EQUITY INSTRUMENTS PAYOUTS | 28 | 146 |
| TREASURY SHARES AND EQUITY DERIVATIVES (2) | 140 | 445 |
| HYBRID BONDS ISSUANCE/TENDER | 0 | (340) |
| INTEREST AND OTHER MOVEMENTS (3) | 333 | 513 |
| NET DEBT AT THE END OF THE PERIOD | 6,386 | 6,386 |
| Acummulated '21 June | ||
| CAPITAL EMPLOYED (M€) | 27,348 | |
| NET DEBT / CAPITAL EMPLOYED (%) | 23.4 | |
| (1) It includes leases: €3,736 million, €3,715 million and €3,626 million as of fourth quarter 2020, first quarter 2021 and second quarter 2021, respectively. (2) It includes the Share Buy Back program (€427 million year-to-date) implemented to avoid the dilution because of the scrip dividend paid in January. It also includes MTM treasury shares derivatives of €-19 and €141 million in the second quarter 2021 and year-to-date 2021 respectively. (3) Principally includes new lease contracts, interest expenses, exchange rate effect, dividends received, companies' acquisition/sale effect and other effects. |
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/xl/drawings/drawing3.xml#Index!A1Adj. Net Income by Business Seg
| ADJUSTED NET INCOME BY BUSINESS SEGMENTS | ||||||||
| (Unaudited figures) | ||||||||
| € Million | Q2 2021 | |||||||
| Operating income | Financial Results | Income Tax | Income from equity affiliates and non-controlling interests | Adjusted net income | Inventory effect | Special Items | Net Income | |
| Upstream | 586 | - | (239) | 4 | 351 | - | (60) | 291 |
| Industrial | 219 | - | (57) | 4 | 166 | 160 | (11) | 315 |
| Commercial and Renewables | 176 | - | (45) | (4) | 127 | 8 | (7) | 128 |
| Corporate & Others | (64) | (138) | 45 | 1 | (156) | - | 9 | (147) |
| TOTAL | 917 | (138) | (296) | 5 | 488 | 168 | (69) | 587 |
| NET INCOME | (69) | 587 | ||||||
| € Million | Q1 2021 | |||||||
| Operating income | Financial Results | Income Tax | Income from equity affiliates and non-controlling interests | Adjusted net income | Inventory effect | Special Items | Net Income | |
| Upstream | 596 | - | (271) | 2 | 327 | - | (104) | 223 |
| Industrial | 88 | - | (20) | 5 | 73 | 304 | (10) | 367 |
| Commercial and Renewables | 136 | - | (33) | (2) | 101 | 17 | 2 | 120 |
| Corporate & Others | (58) | 27 | 1 | - | (30) | - | (32) | (62) |
| TOTAL | 762 | 27 | (323) | 5 | 471 | 321 | (144) | 648 |
| NET INCOME | (144) | 648 | ||||||
| € Million | Q2 2020 | |||||||
| Operating income | Financial Results | Income Tax | Income from equity affiliates and non-controlling interests | Adjusted net income | Inventory effect | Special Items | Net Income | |
| Upstream | (165) | - | 20 | 4 | (141) | - | (1,376) | (1,517) |
| Industrial | 15 | - | (5) | (2) | 8 | (282) | (4) | (278) |
| Commercial and Renewables | 54 | - | (12) | - | 42 | (16) | (20) | 6 |
| Corporate & Others | (73) | (125) | 31 | - | (167) | - | (41) | (208) |
| TOTAL | (169) | (125) | 34 | 2 | (258) | (298) | (1,441) | (1,997) |
| NET INCOME | (1,441) | (1,997) | ||||||
| € Million | January - June 2021 | |||||||
| Operating income | Financial Results | Income Tax | Income from equity affiliates and non-controlling interests | Adjusted net income | Inventory effect | Special Items | Net Income | |
| Upstream | 1,182 | - | (510) | 6 | 678 | - | (164) | 514 |
| Industrial | 307 | - | (77) | 9 | 239 | 464 | (21) | 682 |
| Commercial and Renewables | 312 | - | (78) | (6) | 228 | 25 | (5) | 248 |
| Corporate & Others | (122) | (111) | 46 | 1 | (186) | - | (23) | (209) |
| TOTAL | 1,679 | (111) | (619) | 10 | 959 | 489 | (213) | 1,235 |
| NET INCOME | (213) | 1,235 | ||||||
| € Million | January - June 2020 | |||||||
| Operating income | Financial Results | Income Tax | Income from equity affiliates and non-controlling interests | Adjusted net income | Inventory effect | Special Items | Net Income | |
| Upstream | (4) | - | (57) | 10 | (51) | - | (1,489) | (1,540) |
| Industrial | 409 | - | (109) | (4) | 296 | (1,066) | (32) | (802) |
| Commercial and Renewables | 218 | - | (52) | (3) | 163 | (22) | (12) | 129 |
| Corporate & Others | (129) | (136) | 46 | - | (219) | - | (52) | (271) |
| TOTAL | 494 | (136) | (172) | 3 | 189 | (1,088) | (1,585) | (2,484) |
| NET INCOME | (1,585) | (2,484) |
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/xl/drawings/drawing4.xml#Index!A1Other Financ. Infor
| OTHER FINANCIAL INFORMATION | ||||||
| (Unaudited figures) | ||||||
| REVENUES | QUARTERLY DATA | JANUARY - JUNE | ||||
| € Million | Q2 2021 | Q1 2021 | Q2 2020 | 2021 | 2020 | |
| UPSTREAM | 1,494 | 1,494 | 773 | 2,988 | 2,150 | |
| INDUSTRIAL | 8,460 | 7,913 | 4,635 | 16,373 | 12,803 | |
| COMMERCIAL AND RENEWABLES | 5,046 | 4,389 | 2,844 | 9,435 | 7,866 | |
| CORPORATION & OTHERS | (3,605) | (3,204) | (1,871) | (6,809) | (5,306) | |
| TOTAL | 11,395 | 10,592 | 6,381 | 21,987 | 17,513 | |
| EBITDA | QUARTERLY DATA | JANUARY - JUNE | ||||
| € Million | Q2 2021 | Q1 2021 | Q2 2020 | 2021 | 2020 | |
| UPSTREAM | 918 | 927 | 331 | 1,845 | 988 | |
| INDUSTRIAL | 647 | 708 | (156) | 1,355 | (670) | |
| COMMERCIAL AND RENEWABLES | 277 | 242 | 118 | 519 | 360 | |
| CORPORATION & OTHERS | (44) | (40) | (53) | (84) | (89) | |
| TOTAL | 1,798 | 1,837 | 240 | 3,635 | 589 | |
| INVESTMENTS | QUARTERLY DATA | JANUARY - JUNE | ||||
| € Million | Q2 2021 | Q1 2021 | Q2 2020 | 2021 | 2020 | |
| UPSTREAM | 212 | 206 | 214 | 418 | 603 | |
| INDUSTRIAL | 129 | 74 | 104 | 203 | 227 | |
| COMMERCIAL AND RENEWABLES | 200 | 213 | 141 | 413 | 259 | |
| CORPORATION & OTHERS | 19 | 8 | 20 | 27 | 24 | |
| TOTAL | 560 | 501 | 479 | 1,061 | 1,113 | |
| CAPITAL EMPLOYED | CUMULATIVE DATA | |||||
| € Million | jun-21 | dec-20 | ||||
| UPSTREAM | 12,742 | 12,608 | ||||
| INDUSTRIAL | 10,368 | 9,755 | ||||
| COMMERCIAL AND RENEWABLES | 4,347 | 4,061 | ||||
| CORPORATION & OTHERS | (109) | 893 | ||||
| TOTAL | 27,348 | 27,317 | ||||
| ROACE (%) | 4.5 | (10.3) | ||||
| (*)2Q21 ROACE CCS is 2.6% |
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/xl/drawings/drawing5.xml#Index!A1Operating Indicators (I)
| OPERATING INDICATORS (I) | |||||||||||
| Unit | Q1 2020 | Q2 2020 | Jan - Jun 2020 | Q3 2020 | Q4 2020 | Jan - Dec 2020 | Q1 2021 | Q2 2021 | Jan - Jun 2021 | % Variation YTD21/YTD20 | |
| HYDROCARBON PRODUCTION | kboe/d | 710 | 640 | 675 | 616 | 628 | 648 | 638 | 561 | 599 | (11.2) |
| Liquids production | kboe/d | 244 | 214 | 229 | 192 | 217 | 217 | 234 | 208 | 221 | (3.7) |
| Europe & Africa | kboe/d | 62 | 54 | 58 | 41 | 67 | 56 | 82 | 67 | 74 | 28.3 |
| Latin America | kboe/d | 94 | 76 | 85 | 75 | 80 | 81 | 82 | 81 | 81 | (4.1) |
| North America | kboe/d | 63 | 57 | 60 | 52 | 47 | 55 | 49 | 46 | 48 | (20.4) |
| Asia, Russia & Rest of the world | kboe/d | 26 | 28 | 27 | 25 | 23 | 25 | 21 | 14 | 18 | (33.9) |
| Natural gas production | kboe/d | 466 | 425 | 446 | 424 | 411 | 432 | 404 | 353 | 378 | (15.1) |
| Europe & Africa | kboe/d | 34 | 30 | 32 | 29 | 29 | 31 | 36 | 27 | 32 | (1.1) |
| Latin America | kboe/d | 226 | 203 | 215 | 217 | 210 | 214 | 204 | 171 | 187 | (12.8) |
| North America | kboe/d | 161 | 149 | 155 | 135 | 127 | 143 | 118 | 112 | 115 | (25.9) |
| Asia, Russia & Rest of the world | kboe/d | 45 | 43 | 44 | 43 | 45 | 44 | 46 | 43 | 45 | 1.2 |
| Natural gas production | (Million scf/d) | 2,617 | 2,388 | 2,503 | 2,383 | 2,308 | 2,424 | 2,267 | 1,983 | 2,125 | (15.1) |
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/xl/drawings/drawing6.xml#Index!A1Operating Indicators (II)
| OPERATING INDICATORS (II) | I | ||||||||||
| Unit | Q1 2020 | Q2 2020 | Jan - Jun 2020 | Q3 2020 | Q4 2020 | Jan - Dec 2020 | Q1 2021 | Q2 2021 | Jan - Jun 2021 | % Variation YTD21/YTD20 | |
| PROCESSED CRUDE OIL | Mtoe | 10.1 | 8.3 | 18.5 | 8.5 | 8.9 | 35.9 | 9.4 | 8.8 | 18.2 | (1.3) |
| Europe | Mtoe | 9.2 | 7.8 | 17.0 | 7.9 | 8.3 | 33.1 | 8.5 | 7.8 | 16.3 | (3.9) |
| Rest of the world | Mtoe | 0.9 | 0.6 | 1.5 | 0.7 | 0.6 | 2.8 | 0.9 | 1.0 | 1.9 | 27.9 |
| SALES OF OIL PRODUCTS | kt | 10,958 | 9,899 | 20,857 | 9,904 | 10,719 | 41,480 | 10,068 | 10,218 | 20,286 | (2.7) |
| Europe Sales | kt | 9,799 | 9,207 | 19,006 | 8,989 | 9,590 | 37,585 | 8,875 | 8,726 | 17,601 | (7.4) |
| Own network | kt | 4,520 | 3,252 | 7,772 | 4,392 | 4,371 | 16,535 | 3,952 | 4,047 | 7,999 | 2.9 |
| Light products | kt | 3,776 | 2,424 | 6,200 | 3,632 | 3,600 | 13,432 | 3,246 | 3,368 | 6,614 | 6.7 |
| Other Products | kt | 744 | 828 | 1,572 | 760 | 771 | 3,103 | 706 | 679 | 1,385 | (11.9) |
| Other Sales to Domestic Market | kt | 2,194 | 1,527 | 3,721 | 2,066 | 1,865 | 7,652 | 1,542 | 1,851 | 3,393 | (8.8) |
| Light products | kt | 2,166 | 1,499 | 3,665 | 2,041 | 1,835 | 7,541 | 1,509 | 1,812 | 3,321 | (9.4) |
| Other Products | kt | 28 | 28 | 56 | 25 | 30 | 111 | 33 | 39 | 72 | 28.6 |
| Exports | kt | 3,085 | 4,428 | 7,513 | 2,531 | 3,354 | 13,398 | 3,381 | 2,828 | 6,209 | (17.4) |
| Light products | kt | 880 | 2,375 | 3,255 | 794 | 1,536 | 5,585 | 1,462 | 920 | 2,382 | (26.8) |
| Other Products | kt | 2,205 | 2,053 | 4,258 | 1,737 | 1,818 | 7,813 | 1,919 | 1,908 | 3,827 | (10.1) |
| Rest of the world sales | kt | 1,159 | 692 | 1,851 | 915 | 1,129 | 3,895 | 1,193 | 1,492 | 2,685 | 45.1 |
| Own network | kt | 757 | 407 | 1,164 | 597 | 743 | 2,504 | 756 | 815 | 1,571 | 35.0 |
| Light products | kt | 723 | 381 | 1,104 | 552 | 690 | 2,346 | 712 | 763 | 1,475 | 33.6 |
| Other Products | kt | 34 | 26 | 60 | 45 | 53 | 158 | 44 | 52 | 96 | 60.0 |
| Other Sales to Domestic Market | kt | 176 | 153 | 329 | 224 | 267 | 820 | 240 | 403 | 643 | 95.4 |
| Light products | kt | 142 | 147 | 289 | 194 | 194 | 677 | 169 | 311 | 480 | 66.1 |
| Other Products | kt | 34 | 6 | 40 | 30 | 73 | 143 | 71 | 92 | 163 | 307.5 |
| Exports | kt | 226 | 132 | 358 | 94 | 119 | 571 | 197 | 274 | 471 | 31.6 |
| Light products | kt | 20 | 3 | 23 | 1 | 78 | 102 | 33 | 2 | 35 | 52.2 |
| Other Products | kt | 206 | 129 | 335 | 93 | 41 | 469 | 164 | 272 | 436 | 30.1 |
| CHEMICALS | |||||||||||
| Sales of petrochemical products | kt | 557 | 740 | 1,297 | 704 | 727 | 2,729 | 711 | 671 | 1,382 | 6.5 |
| Europe | kt | 440 | 559 | 999 | 543 | 541 | 2,084 | 569 | 552 | 1,121 | 12.2 |
| Base | kt | 98 | 203 | 301 | 178 | 177 | 655 | 168 | 180 | 348 | 15.9 |
| Derivative | kt | 342 | 356 | 698 | 366 | 364 | 1,428 | 401 | 372 | 773 | 10.7 |
| Rest of the world | kt | 117 | 181 | 298 | 161 | 186 | 645 | 142 | 119 | 261 | (12.6) |
| Base | kt | 16 | 65 | 81 | 30 | 50 | 161 | 32 | 32 | 64 | (21.6) |
| Derivative | kt | 101 | 116 | 217 | 131 | 136 | 484 | 110 | 87 | 197 | (9.2) |
| LPG | |||||||||||
| LPG sales | kt | 380 | 221 | 601 | 221 | 340 | 1,162 | 387 | 263 | 650 | 8.0 |
| Europe | kt | 374 | 219 | 593 | 216 | 333 | 1,141 | 382 | 257 | 638 | 7.7 |
| Rest of the world | kt | 6 | 2 | 8 | 5 | 8 | 21 | 5 | 6 | 11 | 33.9 |
| Other sales to the domestic market: includes sales to operators and bunker | |||||||||||
| Exports: expressed from the country of origin |
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/xl/drawings/drawing7.xml#Index!A1Balance Sheet REP reporting
| STATEMENT OF FINANCIAL POSITION | |||
| (€ Million) | |||
| (Unaudited figures) | |||
| Prepared according to Repsol's reporting model (See Appendix IV - Basis of presentation of Repsol's 2Q21 Results document) | |||
| JUNE | DECEMBER | ||
| 2021 | 2020 | ||
| NON-CURRENT ASSETS | |||
| Goodwill | 1,497 | 1,476 | |
| Other intangible assets | 1,928 | 1,990 | |
| Property, plant and equipment | 25,681 | 25,907 | |
| Investment property | 23 | 23 | |
| Investments accounted for using the equity method | 482 | 279 | |
| Non-current financial assets | 166 | 154 | |
| Deferred tax assets | 3,824 | 4,081 | |
| Other non-current assets | 911 | 823 | |
| CURRENT ASSETS | |||
| Non-current assets held for sale | 841 | 15 | |
| Inventories | 4,805 | 3,540 | |
| Trade and other receivables | 6,495 | 5,275 | |
| Other current assets | 305 | 257 | |
| Other current financial assets | 1,524 | 1,425 | |
| Cash and cash equivalents | 5,247 | 4,578 | |
| TOTAL ASSETS | 53,729 | 49,823 | |
| TOTAL EQUITY | |||
| Attributable to equity holders of the parent company | 20,707 | 20,295 | |
| Attributable to minority interests | 255 | 244 | |
| NON-CURRENT LIABILITIES | |||
| Non-current provisions | 5,165 | 5,034 | |
| Non-current financial liabilities | 9,206 | 9,547 | |
| Deferred tax liabilities and others | 2,749 | 2,771 | |
| Other non-current liabilities | 538 | 407 | |
| CURRENT LIABILITIES | |||
| Liabilities related to non-current assets held for sale | 583 | 1 | |
| Current provisions | 691 | 813 | |
| Current financial liabilities | 4,371 | 3,620 | |
| Trade and other payables | 9,464 | 7,091 | |
| TOTAL LIABILITIES | 53,729 | 49,823 |
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/xl/drawings/drawing8.xml#Index!A1Income Stat. REP reporting
| INCOME STATEMENT | |||||
| (€ Million) (Unaudited figures) | |||||
| Prepared according to Repsol's reporting model (See Appendix IV - Basis of presentation of Repsol's 2Q21 Results document) | |||||
| QUARTERLY DATA | JANUARY - JUNE | ||||
| Q2 2021 | Q1 2021 | Q2 2020 | 2021 | 2020 | |
| Revenue | 11,395 | 10,592 | 6,381 | 21,987 | 17,513 |
| Operating income | 917 | 762 | (169) | 1,679 | 494 |
| Financial result | (138) | 27 | (125) | (111) | (136) |
| Income from equity affiliates | 4 | 0 | 2 | 4 | 7 |
| Net income before tax | 783 | 789 | (292) | 1,572 | 365 |
| Income tax | (296) | (323) | 34 | (619) | (172) |
| Net income from operations | 487 | 466 | (258) | 953 | 193 |
| Net income from non-controlling interest | 1 | 5 | 0 | 6 | (4) |
| ADJUSTED NET INCOME | 488 | 471 | (258) | 959 | 189 |
| Inventory effect | 168 | 321 | (298) | 489 | (1,088) |
| Special Items | (69) | (144) | (1,441) | (213) | (1,585) |
| NET INCOME | 587 | 648 | (1,997) | 1,235 | (2,484) |
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/xl/drawings/drawing9.xml#Index!A1Cashflow Statement REPreporting
| PROFORMA CASH FLOW STATEMENT | ||||
| (€ Million) (Unaudited figures) | ||||
| Prepared according to Repsol's reporting model (See Appendix IV - Basis of presentation of Repsol's 2Q21 Results document) | ||||
| QUARTERLY DATA | JANUARY - JUNE | |||
| Q2 2021 | Q2 2020 | 2021 | 2020 | |
| I. CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| EBITDA CCS | 1,565 | 641 | 2,960 | 2,096 |
| Inventory Effect | 233 | (401) | 675 | (1,507) |
| Changes in working capital | (561) | 150 | (1,158) | 459 |
| Dividends received | (1) | 13 | 11 | 19 |
| Income taxes received/ (paid) | (217) | (73) | (343) | (10) |
| Other proceeds from/ (payments for) operating activities | (117) | (62) | (213) | (193) |
| 902 | 268 | 1,932 | 864 | |
| II. CASH FLOWS USED IN INVESTMENT ACTIVITIES | ||||
| Payments for investment activities | (574) | (505) | (1,107) | (1,207) |
| Organic investments | (453) | (499) | (873) | (1,156) |
| Inorganic investments | (121) | (6) | (234) | (51) |
| Proceeds from divestments | 120 | 20 | 130 | 515 |
| (454) | (485) | (977) | (692) | |
| FREE CASH FLOW (I. + II.) | 448 | (217) | 955 | 172 |
| Payments for dividends and payments on other equity instruments | (28) | 11 | (146) | (128) |
| Net interests | (89) | (131) | (199) | (253) |
| Treasury shares | 20 | 0 | (447) | (150) |
| CASH GENERATED IN THE PERIOD | 351 | (337) | 163 | (359) |
| Financing activities and others | 370 | 2,420 | 506 | 2,658 |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 721 | 2,083 | 669 | 2,299 |
| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 4,526 | 3,434 | 4,578 | 3,218 |
| CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 5,247 | 5,517 | 5,247 | 5,517 |
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/xl/drawings/drawing10.xml#Index!A1Balance Sheet IFRS11
| STATEMENT OF FINANCIAL POSITION | |||
| (€ Million) | |||
| (Unaudited figures) | |||
| Prepared according to International Financial Reporting Standards (IFRS-EU) | |||
| JUNE | DECEMBER | ||
| 2021 | 2020 | ||
| NON-CURRENT ASSETS | |||
| Goodwill | 1,441 | 1,422 | |
| Other intangible assets | 1,872 | 1,931 | |
| Property, plant and equipment | 20,684 | 20,927 | |
| Investment property | 22 | 23 | |
| Investments accounted for using the equity method | 3,515 | 5,897 | |
| Non-current financial assets | 969 | 916 | |
| Deferred tax assets | 3,485 | 3,745 | |
| Other non-current assets | 943 | 857 | |
| CURRENT ASSETS | |||
| Non-current assets held for sale | 830 | 5 | |
| Inventories | 4,616 | 3,379 | |
| Trade and other receivables | 5,231 | 4,056 | |
| Other current assets | 288 | 239 | |
| Other current financial assets | 1,697 | 1,584 | |
| Cash and cash equivalents | 4,914 | 4,321 | |
| TOTAL ASSETS | 50,507 | 49,302 | |
| TOTAL EQUITY | |||
| Attributable to equity holders of the parent company | 20,707 | 20,295 | |
| Attributable to minority interests | 255 | 244 | |
| NON-CURRENT LIABILITIES | |||
| Non-current provisions | 3,602 | 3,572 | |
| Non-current financial liabilities | 8,547 | 12,123 | |
| Deferred tax liabilities and others | 2,161 | 2,142 | |
| Other non-current liabilities | 538 | 407 | |
| CURRENT LIABILITIES | |||
| Liabilities related to non-current assets held for sale | 582 | 0 | |
| Current provisions | 639 | 740 | |
| Current financial liabilities | 5,219 | 3,880 | |
| Trade and other payables | 8,257 | 5,899 | |
| TOTAL LIABILITIES | 50,507 | 49,302 |
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/xl/drawings/drawing11.xml#Index!A1Income Stat. IFRS11
| INCOME STATEMENT | ||||
| (€ Million) (Unaudited figures) | ||||
| Prepared according to International Financial Reporting Standards (IFRS-EU) | ||||
| 2Q | 2Q | JUNE | JUNE | |
| 2021 | 2020 | 2021 | 2020 | |
| Sales | 10,738 | 6,013 | 20,742 | 16,488 |
| Income from services rendered | 86 | 93 | 148 | 175 |
| Changes in inventories of finished goods and work in progress | 240 | (316) | 527 | (500) |
| Other operating income | 224 | (117) | 627 | 279 |
| Procurements | (8,082) | (4,054) | (15,396) | (12,863) |
| Amortization and depreciation of non-current assets | (478) | (566) | (982) | (1,146) |
| (Provision for)/Reversal of provisions for impairment | (40) | (575) | (21) | (577) |
| Personnel expenses | (451) | (484) | (890) | (935) |
| Transport and freights | (257) | (334) | (530) | (757) |
| Supplies | (128) | (66) | (285) | (203) |
| Gains/(Losses) on disposal of assets | (5) | 3 | 6 | 69 |
| Other operating expenses | (1,121) | (770) | (2,222) | (1,700) |
| OPERATING NET INCOME | 726 | (1,173) | 1,724 | (1,670) |
| Net interest | (31) | (65) | (83) | (127) |
| Change in fair value of financial instruments | (67) | (75) | 302 | 128 |
| Exchange gains/(losses) | 298 | 93 | 63 | (24) |
| Impairment of financial instruments | (2) | (21) | (6) | (25) |
| Other financial income and expenses | (61) | (67) | (106) | (117) |
| FINANCIAL RESULT | 137 | (135) | 170 | (165) |
| NET INCOME FROM INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD | 103 | (941) | 117 | (978) |
| NET INCOME BEFORE TAX | 966 | (2,249) | 2,011 | (2,813) |
| Income tax | (375) | 249 | (767) | 296 |
| NET INCOME | 591 | (2,000) | 1,244 | (2,517) |
| NET INCOME FROM OPERATIONS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS | (4) | 3 | (9) | 33 |
| TOTAL NET INCOME ATTRIBUTABLE TO THE PARENT | 587 | (1,997) | 1,235 | (2,484) |
| EARNINGS PER SHARE ATTRIBUTABLE TO THE PARENT | €/share | €/share | €/share | €/share |
| Basic | 0.39 | (1.28) | 0.80 | (1.59) |
| Diluted | 0.39 | (1.28) | 0.80 | (1.59) |
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/xl/drawings/drawing12.xml#Index!A1Cashflow statement IFRS11
| CASH FLOW STATEMENT | ||
| (€ Million) | ||
| (Unaudited figures) | ||
| Prepared according to International Financial Reporting Standards (IFRS-EU) | ||
| JANUARY - JUNE | ||
| 2021 | 2020 | |
| I. CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income before taxes | 2,011 | (2,813) |
| Adjustments to net income | ||
| Depreciation and amortisation of non current assets | 982 | 1,146 |
| Other adjustments to results (net) | 37 | 1,758 |
| EBITDA | 3,030 | 91 |
| Changes in working capital | (1,030) | 665 |
| Dividends received | 49 | 56 |
| Income taxes received/ (paid) | (316) | (9) |
| Other proceeds from/ ( payments for) operating activities | (193) | (186) |
| Other cash flows from/ (used in) operating activities | (460) | (139) |
| 1,540 | 617 | |
| II. CASH FLOWS USED IN INVESTMENT ACTIVITIES | ||
| Payments for investment activities | ||
| Companies of the Group, equity affiliates and business units | (246) | (56) |
| Fixed assets, intangible assets and real estate investments | (648) | (944) |
| Other financial assets | (518) | (1,073) |
| Payments for investment activities | (1,412) | (2,073) |
| Proceeds from divestments | ||
| Companies of the Group, equity affiliates and business units | 128 | 469 |
| Fixed assets, intangible assets and real estate investments | 28 | 17 |
| Other financial assets | 299 | 2,663 |
| Proceeds from divestments | 455 | 3,149 |
| Other cashflow | 12 | 40 |
| (945) | 1,116 | |
| III. CASH FLOWS FROM/ (USED IN) FINANCING ACTIVITIES | ||
| Issuance/ Repayment and Redemption of own capital instruments | 340 | 886 |
| Proceeds from/(payments for) equity instruments | (447) | (150) |
| Proceeds from issue of financial liabilities | 5,099 | 6,000 |
| Payments for financial liabilities | (4,368) | (5,757) |
| Payments for dividends and payments on other equity instruments | (146) | (128) |
| Interest payments | (180) | (209) |
| Other proceeds from/(payments for) financing activities | (320) | (55) |
| (22) | 587 | |
| Effect of changes in exchange rates from continued operations | 20 | (14) |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 593 | 2,306 |
| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 4,321 | 2,979 |
| CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 4,914 | 5,285 |
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/xl/drawings/drawing13.xml#Index!A1RIES IFRS 11
| RECOGNIZED INCOME AND EXPENSE STATEMENT | ||
| (Unaudited figures) (€ Million) | ||
| Prepared according to International Financial Reporting Standards (IFRS-EU) | ||
| JANUARY - JUNE | ||
| 2021 | 2020 | |
| Net Income | 1,244 | (2,517) |
| Other comprehensive income. (Items not reclassifiable to net income) | 17 | (20) |
| Due to actuarial gains and losses | 6 | (6) |
| Investments accounted for using the equity method | 11 | (14) |
| Equity instruments with changes through other comprehensive income | 0 | 0 |
| Tax effect | 0 | 0 |
| Other comprehensive income. (Items reclassifiable to net income) | 362 | (193) |
| Cash flow hedging | 6 | (38) |
| Valuation gains / (losses) | 2 | 3 |
| Amounts transferred to the income statement | 4 | (41) |
| Translation differences | 332 | (191) |
| Valuation gains / (losses) | 418 | (154) |
| Amounts transferred to the income statement | (86) | (37) |
| Share of investments in joint ventures and associates: | 0 | 0 |
| Valuation gains / (losses) | 0 | 0 |
| Amounts transferred to the income statement | 0 | 0 |
| Tax effect | 24 | 36 |
| Total other comprehensive income | 379 | (213) |
| Total comprehensive income for the period | 1,623 | (2,730) |
| a) Attributable to the parent | 1,613 | (2,697) |
| b) Attributable to non-controlling interests | 10 | (33) |
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/xl/drawings/drawing14.xml#Index!A1Stat. of changes in eq. IFRS 11
| STATEMENT OF CHANGES IN EQUITY | ||||||||
| (Unaudited figures) (€ millions) Prepared according to International Financial Reporting Standards (IFRS-EU) | ||||||||
| Million euros | Equity attributable to the parent and other equity instrument holders | Non-controlling interests | Equity | |||||
| Shareholders' equity | Other cumulative comprehensive income | |||||||
| Share capital | Share premium and reserves | Treasury shares and own equity investments | Net income for the period attributable to the parent | Other equity instruments | ||||
| Closing balance at 12/31/2019 | 1,566 | 26,731 | (1,170) | (3,816) | 1,024 | 593 | 281 | 25,209 |
| Impact of new standards | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted opening balance | 1,566 | 26,731 | (1,170) | (3,816) | 1,024 | 593 | 281 | 25,209 |
| Total recognized income/(expenses) | 0 | (20) | 0 | (2,484) | 0 | (193) | (33) | (2,730) |
| Transactions with partners or owners | 60 | (301) | (156) | 0 | 0 | 0 | 0 | (397) |
| Share capital increase/(reduction) | 60 | (60) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends and shareholder remuneration | 0 | (236) | 0 | 0 | 0 | 0 | 0 | (236) |
| Transactions with treasury shares and own equity investments (net) | 0 | (5) | (156) | 0 | 0 | 0 | 0 | (161) |
| Increases/(reductions) due to changes in scope | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other transactions with partners and owners | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other equity variations | 0 | (3,846) | 0 | 3,816 | 888 | 0 | 0 | 858 |
| Transfers between equity-line items | 0 | (3,816) | 0 | 3,816 | 0 | 0 | 0 | 0 |
| Subordinated perpetual obligations | 0 | (25) | 0 | 0 | 884 | 0 | 0 | 859 |
| Other variations | 0 | (5) | 0 | 0 | 4 | 0 | 0 | (1) |
| Closing balance at 06/30/2020 | 1,626 | 22,564 | (1,326) | (2,484) | 1,912 | 400 | 248 | 22,940 |
| Total recognized income/(expenses) | 0 | 0 | 0 | (805) | 0 | (1,290) | (1) | (2,096) |
| Transactions with partners or owners | (58) | (1,405) | 1,164 | 0 | 0 | 0 | (1) | (300) |
| Share capital increase/(reduction) | 41 | (41) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends and shareholder remuneration | 0 | (102) | 0 | 0 | 0 | 0 | (1) | (103) |
| Transactions with treasury shares and own equity investments (net) | (99) | (1,262) | 1,164 | 0 | 0 | 0 | 0 | (197) |
| Increases/(reductions) due to changes in scope | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other transactions with partners and owners | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other equity variations | 0 | (27) | 0 | 0 | 24 | 0 | (2) | (5) |
| Transfers between equity-line items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Subordinated perpetual obligations | 0 | (29) | 0 | 0 | 23 | 0 | 0 | (6) |
| Other variations | 0 | 2 | 0 | 0 | 1 | 0 | (2) | 1 |
| Closing balance at 12/31/2020 | 1,568 | 21,132 | (162) | (3,289) | 1,936 | (890) | 244 | 20,539 |
| Impact of new standards | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted opening balance | 1,568 | 21,132 | (162) | (3,289) | 1,936 | (890) | 244 | 20,539 |
| Total recognized income/(expenses) | ||||||||
| 0 | 17 | 0 | 1,235 | 0 | 361 | 10 | 1,623 | |
| Transactions with partners or owners | (41) | (1,274) | (187) | 0 | 0 | 0 | 0 | (1,502) |
| Share capital increase/(reduction) | (41) | (386) | 427 | 0 | 0 | 0 | 0 | 0 |
| Dividends and shareholder remuneration | 0 | (916) | 0 | 0 | 0 | 0 | 0 | (916) |
| Transactions with treasury shares and own equity investments (net) | 0 | 28 | (614) | 0 | 0 | 0 | 0 | (586) |
| Increases/(reductions) due to changes in scope | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other transactions with partners and owners | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other equity variations | 0 | (3,324) | 0 | 3,289 | 336 | 0 | 1 | 302 |
| Transfers between equity-line items | 0 | (3,289) | 0 | 3,289 | 0 | 0 | 0 | 0 |
| Subordinated perpetual obligations | 0 | (30) | 0 | 0 | 336 | 0 | 0 | 306 |
| Other variations | 0 | (5) | 0 | 0 | 0 | 0 | 1 | (4) |
| Closing balance at 06/30/2021 | 1,527 | 16,551 | (349) | 1,235 | 2,272 | (529) | 255 | 20,962 |
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/xl/drawings/drawing15.xml#Index!A1