Universal Registration Document 2021

6. Financial statements

Income statement

(in millions of euros) Notes 2021 2020
Sales* 4   53,001   44,315
Change in inventories and capitalised production     1,439   1,360
Operating subsidies 5   5,554   8,148
Reversals of provisions and impairment 6   3,649   2,823
Other operating income and transfers of charges 7    1,100   846
I TOTAL OPERATING INCOME     64,743   57,492
Purchases and other external expenses 8   43,528   36,213
Fuel purchases used   4,422   3,269  
Energy purchases   21,752   16,783  
Services and other purchases used   17,354     16,161
Taxes other than Income taxes 9   2,254   2,694
Personnel expenses 10   6,407   6,439
Depreciation, amortisation and provisions 11   7,507   7,514
Depreciation and amortisation 11.1 4,363   4,538  
Provisions and impairment 11.2 3,144   2,976  
Other operating expenses 12   2,480   2,738
II TOTAL OPERATING EXPENSES     62,176   55 598
OPERATING PROFIT (I - II)     2,567   1,894
III JOINT OPERATIONS     -   -
IV FINANCIAL RESULT 13   (1,465)   (2,503)
PROFIT OR LOSS BEFORE INCOME TAXES AND EXCEPTIONAL ITEMS (I - II + III + IV)       1,102 (609)
V EXCEPTIONAL RESULT 14   1,765   425
VI INCOME TAXES 15   (1,410)   406
PROFIT OR LOSS (I - II + III + IV + V + VI)     1,457   222

* Production of goods for export in 2021: €15,045 million; production of services for export in 2021: €392 million.