Repsol, S.A. and investees comprising the Repsol Group
Consolidated income statement for the years ending December 31,
2018 and 2017

    € Million
  Note 2017(1) 2018
Sales   41,242 49,701
Income from services rendered and other income   426 172
Changes in inventories of finished goods and work in progress   206 130
Reversal of impairment provisions and gains on disposal of assets   864 277
Other operating income   710 1,073
OPERATING INCOME   43,448 51,353
Supplies   (30,251) (38,056)
Amortisation of non-current assets   (2,399) (2,140)
Personnel expenses   (1,892) (1,874)
Transport and freights   (1,072) (1,114)
Supplies   (842) (739)
Impairment loss provisions recognized and losses on disposal of assets   (922) (1,281)
Other operating expenses   (3,281) (3,696)
OPERATING COSTS   (40,659) (48,900)
OPERATING INCOME 19 2,789 2,453
Net interest   (288) (230)
Change in fair value of financial instruments   34 200
Exchange gains (losses)   151 467
Impairment of financial instruments   (1) (370)
Other finance income and expenses   (208) (240)
FINANCIAL RESULT 21 (312) (173)
INCOME INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD 22 630 1,053
NET INCOME BEFORE TAX   3,107 3,333
Income tax 23 (1,220) (1,386)
PROFIT FROM CONTINUING OPERATIONS   1,887 1,947
INCOME FROM CONTINUING OPERATIONS ATTRIBUTED TO NON-CONTROLLING INTERESTS   (40) (18)
INCOME FROM CONTINUING OPERATIONS ATTRIBUTED TO THE PARENT   1,847 1,929
INCOME FROM DISCONTINUED OPERATIONS ATTRIBUTED TO THE PARENT 24 274 412
TOTAL INCOME ATTRIBUTABLE TO THE PARENT   2,121 2,341
 
EARNINGS PER SHARE ATTRIBUTABLE TO THE PARENT 25  Euros / share
Basic   1.29 1.45
Diluted   1.29 1.45

(1) Includes the necessary amendments to the 2017 consolidated financial statements in relation to the sale of the stake in Naturgy Energy Group, S.A. (see Note 2.2.1).

Notes 1 to 33 are an integral part of the consolidated statement of recognized income and expense.