REPSOL YPF SUMMARISED INCOME STATEMENT
(Million euros)
(Unaudited figures)
Compiled in accordance with International Financial Reporting Standards
January - June Variation
2004 2005 %
Revenues from continuous
operations before financial
expenses 19,312 23,775 23.1
Income from continuous
operations before
financial expenses 2,220 2.923 31.7
Financial expenses (306) (398) 30
Income from discontinued
operations before tax - - -
Income before tax and income
from associates 1,914 2,525 31.9
Income tax (614) (858) 39.7
Share in income from
companies carried by the
equity method 54 56 3.7
Income for the period 1,354 1,723 27.3
Income attributable to
minority interests 36 73 102.8
NET INCOME 1,318 1,650 25.2
BREAKDOWN OF REPSOL YPF INCOME FROM CONTINUOUS OPERATIONS
BEFORE FINANCIAL CHARGES, BY ACTIVITIES
(Million euros)
(Unaudited figures)
Compiled in accordance with International Financial Reporting Standards
January - June Variation
2004 2005 %
Exploration & production 1,283 1,374 7.1
Refining & marketing 763 1,354 77.5
Chemicals 96 241 151
Gas & power 148 196 32.4
Corporate & others (70) (242) 245.7
TOTAL 2,220 2,923 31.7
BREAKDOWN OF REPSOL YPF INCOME FROM CONTINUOUS OPERATIONS
BEFORE FINANCIAL CHARGES, BY ACTIVITIES
(Million euros)
(Unaudited figures)
Compiled in accordance with International Financial Reporting Standards
January - June Variation
2004 2005 %
Exploration & production 1,283 1,374 7.1
Refining & marketing 763 1,354 77.5
Chemicals 96 241 151
Gas & power 148 196 32.4
Corporate & others (70) (242) 245.7
TOTAL 2,220 2,923 31.7
REPSOL YPF SUMMARISED INCOME STATEMENT
January - June Variation
2004 2005 %
Oil and gas production
(Thousand boepd) 1,152 1,156 0.3
Sales of oil products
(Thousand tons) 26,455 28,449 7.5
Sales of petrochemical products
(Thousand tons) () 1,935 2,168 12.0
LPG sales
(Thousand tons) 1,739 1,739 0.0
REPSOL YPF COMPARATIVE BALANCE SHEET
(Million euros)
(Unaudited figures)
Compiled in accordance with International Financial Reporting Standards
December June
2004 2005
Goodwill 3,204 3,669
Other intangible assets 693 927
Property, plant & equipment 19,459 21,255
Long term financial instruments 1,358 1,235
Other non-current assets 1,284 1,472
Deferred tax assets 1,071 1,204
Assets held for sale 83 49
Current assets 8,202 10,012
Temporary cash investments and
cash on hand and in banks 3,681 4,116
TOTAL ASSETS 39,035 43,939
Total equity 12,922 14,937
Long term provisions 1,984 2,269
Deferred tax liabilities 2,768 3,132
Subsidies and deferred revenues 182 237
Preferred shares 3,386 3,463
Non-current financial debt 7,285 7,257
Financial lease liabilities 551 576
Other non-current debt 816 1,227
Current financial debt 3,139 3,352
Other current liabilities 6,002 7,489
TOTAL EQUITY AND LIABILITIES 39,035 43,939