Repsol, S.A. and investees comprising the Repsol Group
Statement of recognized profit or loss corresponding
to the years ending December 31, 2018 and 2017

  € Million
  2017 2018
CONSOLIDATED NET INCOME FOR THE YEAR (1) 2,161 2,359
Due to actuarial gains and losses 1 4
Investments accounted for using the equity method 6 25
Equity instruments with changes through other comprehensive income 1 3
Tax effect - 4
OTHER COMPREHENSIVE INCOME (Items not reclassifiable to income) 8 36
Cash flow hedging: 22 39
Valuation gains/(losses) (5) 3
Amounts transferred to the income statement 27 36
Translation differences: (2,660) 332
Valuation gains / (losses) (2,622) 383
Amounts transferred to the income statement (38) (51)
Share of investments in joint ventures and associates: (132) 181
Valuation gains/(losses) (175) -
Amounts transferred to the income statement 43 181
Tax effect (30) 14
OTHER COMPREHENSIVE INCOME (Items reclassifiable to income) (2,800) 566
 
TOTAL OTHER COMPREHENSIVE PROFIT/(LOSS) (2.792) 602
 
TOTAL COMPREHENSIVE INCOME FOR THE YEAR (631) 2,961
a) Attributable to the parent (662) 2,940
b) Attributable to non-controlling interests 31 21

(1) Constituting the sum of the following consolidated income statement captions: "Net income from continuing operations” and “Net income attributable to the parent from discontinued operations".

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