The main impacts of recognition in the income statement of lease contracts as lessor, in accordance with IFRS 16, are as follows:
| (in millions of euros) | 2019 |
|---|---|
| Income from subleases | Income from subleases 2019 73 |
| Variable lease expenses | Variable lease expenses 2019 (45) |
| Expenses on short-term leases or leases of low-value assets | Expenses on short-term leases or leases of low-value assets 2019 (167) |
| Income from sale and leaseback operations | Income from sale and leaseback operations 2019 - |
| Operating profit before depreciation and amortisation | Operating profit before depreciation and amortisation 2019 (139) |
| Depreciation on right-of-use assets | Depreciation on right-of-use assets 2019 (660) |
| Operating profit | Operating profit 2019 (799) |
| Interest expense on the lease liability | Interest expense on the lease liability 2019 (85) |
| Income before taxes of consolidated companies | Income before taxes of consolidated companies 2019 (884) |
The line “Net income of discontinued operations” comprises income statement items for the E&P operations for 2018 and 2019, and impairment recognised in respect of these assets in both these periods. In 2019, this includes €(513) million of impairment on the assets and liabilities concerned, determined as the difference between the book value and the fair value net of costs to sell (see note 2.3.1).
The principal profit and loss indicators for the E&P operations in these periods are as follows:
| (in millions of euros) | 2019 | 2018 |
|---|---|---|
| Sales | Sales 2019 407 | Sales 2018 430 |
| Operating profit before depreciation and amortisation | Operating profit before depreciation and amortisation 2019 252 | Operating profit before depreciation and amortisation 2018 367 |
| Operating profit | Operating profit 2019 122 | Operating profit 2018 136 |
| Financial result | Financial result 2019 (25) | Financial result 2018 (11) |
| Income taxes | Income taxes 2019 (38) | Income taxes 2018 (103) |
| NET INCOME | NET INCOME 2019 59 | NET INCOME 2018 22 |
| Impairment of discontinued operations, net of income taxes | Impairment of discontinued operations, net of income taxes 2019 (513) | Impairment of discontinued operations, net of income taxes 2018 (234) |
| NET INCOME OF DISCONTINUED OPERATIONS | NET INCOME OF DISCONTINUED OPERATIONS 2019 (454) | NET INCOME OF DISCONTINUED OPERATIONS 2018 (212) |
