Repsol, S.A. and investees comprising the Repsol Group
Balance sheet at December 31, 2018 and 2017

    € Million
ASSETS Note 12/31/2017 12/31/2018
Intangible Assets 11 4,584 5,096
Property, plant and equipment 12 24,600 25,431
Investment properties   67 68
Investments accounted for using the equity method 13 9,268 7,194
Non-current financial assets 8 2,038 1,103
Deferred tax assets 23 4,057 3,891
Other non-current assets   472 701
NON-CURRENT ASSETS   45,086 43,484
Non-current assets held for sale   22 6
Inventories 16 3,797 4,390
Trade receivables and other receivables 17 5,912 6,105
Other current assets   182 296
Other current financial assets 8 257 1,711
Cash and cash equivalents 8 4,601 4,786
CURRENT ASSETS   14,771 17,294
TOTAL ASSETS   59,857 60,778
Notes 1 to 33 are an integral part of the consolidated statement of recognized income and expense.
    € Million
EQUITY AND LIABILITIES Note 12/31/2017 12/31/2018
Share capital   1,556 1,559
Share premium and reserves   25,541 25,894
Treasury shares and own equity investments   (45) (350)
Net income for the year attributable to the parent   2,121 2,341
Other equity instruments   1,024 1,024
SHAREHOLDERS’ EQUITY 7 30,197 30,468
Equity instruments with changes through other comprehensive income   - 13
Hedging transactions 9 (163) (106)
Translation differences   (241) 253
OTHER CUMULATIVE COMPREHENSIVE INCOME   (404) 160
NON-CONTROLLING INTERESTS   270 286
EQUITY 7 30,063 30,914
Non-current provisions 14 4,829 4,738
Non-current financial debt 8 10,080 9,392
Deferred tax liabilities 23 1,051 1,028
Other non-current liabilities 15 1,799 1,896
NON-CURRENT LIABILITIES   17,759 17,054
Liabilities associated with non-current assets held for sale   1 -
Current provisions 14 518 500
Current financial liabilities 8 4,206 4,289
Trade payables and other payables 18 7,310 8,021
CURRENT LIABILITIES   12,035 12,810
TOTAL EQUITY AND LIABILITIES   59,857 60,778
Notes 1 to 33 are an integral part of the consolidated statement of recognized income and expense