(in € millions ) | Notes | 2021 | 2020 |
---|---|---|---|
Revenue (*) | Revenue (*) Notes 1-2 |
Revenue (*)202149,396 | Revenue (*) 2020 43,234 |
Concession subsidiaries’ revenue derived from works carried out by non-Group companies | Concession subsidiaries’ revenue derived from works carried out by non-Group companies Notes
|
Concession subsidiaries’ revenue derived from works carried out by non-Group companies 2021586 |
Concession subsidiaries’ revenue derived from works carried out by non-Group companies 2020 696 |
Total revenue | Total revenue Notes
|
Total revenue 202149,982 |
Total revenue 2020 43,930 |
Revenue from ancillary activities | Revenue from ancillary activities Notes 4 |
Revenue from ancillary activities 2021248 |
Revenue from ancillary activities 2020 188 |
Operating expenses | Operating expenses Notes 4 |
Operating expenses 2021(45,507) |
Operating expenses 2020 (41,260) |
Operating income from ordinary activities | Operating income from ordinary activities Notes 1-4 |
Operating income from ordinary activities20214,723 | Operating income from ordinary activities 2020 2,859 |
Share-based payments | Share-based payments Notes 30 |
Share-based payments 2021(288) |
Share-based payments 2020 (239) |
Profit/(loss) of companies accounted for under the equity method | Profit/(loss) of companies accounted for under the equity method Notes 4-10 |
Profit/(loss) of companies accounted for under the equity method 202112 |
Profit/(loss) of companies accounted for under the equity method 2020 (146) |
Other recurring operating | Other recurring operating Notes 4 |
Other recurring operating 202117 |
Other recurring operating 2020 38 |
Recurring operating income | Recurring operating income Notes 4 |
Recurring operating income20214,464 | Recurring operating income 2020 2,511 |
Non-recurring operating items | Non-recurring operating items Notes 4 |
Non-recurring operating items 2021(26) |
Non-recurring operating items 2020 (52) |
Operating income | Operating income Notes 4 |
Operating income20214,438 | Operating income 2020 2,459 |
Cost of gross financial debt | Cost of gross financial debt Notes
|
Cost of gross financial debt 2021(674) |
Cost of gross financial debt 2020 (609) |
Financial income from cash investments | Financial income from cash investments Notes
|
Financial income from cash investments 202117 |
Financial income from cash investments 2020 21 |
Cost of net financial debt |
Cost of net financial debt Notes 5 |
Cost of net financial debt 2021(658) |
Cost of net financial debt 2020 (589) |
Other financial income and expense | Other financial income and expense Notes 6 |
Other financial income and expense 202140 |
Other financial income and expense 2020 (47) |
Income tax expense | Income tax expense Notes 7 |
Income tax expense 2021(1,625) |
Income tax expense 2020 (807) |
Net income | Net income Notes
|
Net income20212,195 | Net income 2020 1,015 |
Net income attributable to owners of the parent | Net income attributable to owners of the parent Notes 23.5 |
Net income attributable to owners of the parent 2021(402) |
Net income attributable to owners of the parent 2020 (226) |
Net income attributable to owners of the parent | Net income attributable to owners of the parent Notes
|
Net income attributable to owners of the parent20212,597 | Net income attributable to owners of the parent 2020 1,242 |
Basic earnings per share | Basic earnings per share Notes 8 |
Basic earnings per share 20214.56 |
Basic earnings per share 2020 2.23 |
Diluted earnings per share | Diluted earnings per share Notes 8 |
Diluted earnings per share 20214.51 |
Diluted earnings per share 2020 2.20 |
(*) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies.
(in € millions ) | 2021 | 2020 |
---|---|---|
Net income | Net income 20212,195 | Net income 2020 1,015 |
Changes in fair value of cash flow and net investment hedging instruments (*) | Changes in fair value of cash flow and net investment hedging instruments (*) 2021(138) |
Changes in fair value of cash flow and net investment hedging instruments (*) 2020 130 |
Hedging costs | Hedging costs 2021(5) |
Hedging costs 2020 (22) |
Tax (**) | Tax (**) 2021(50) |
Tax (**) 2020 46 |
Currency translation differences | Currency translation differences 2021527 |
Currency translation differences 2020 (795) |
Share of profit/(loss) of companies accounted for under the equity method, net | Share of profit/(loss) of companies accounted for under the equity method, net 2021115 |
Share of profit/(loss) of companies accounted for under the equity method, net 2020 (44) |
Other comprehensive income that may be recycled subsequently to net income |
Other comprehensive income that may be recycled subsequently to net income 2021449 |
Other comprehensive income that may be recycled subsequently to net income 2020 (684) |
Equity instruments | Equity instruments 2021- |
Equity instruments 2020 (2) |
Actuarial gains and losses on retirement benefit obligations | Actuarial gains and losses on retirement benefit obligations 2021165 |
Actuarial gains and losses on retirement benefit obligations 2020 143 |
Tax | Tax 2021(37) |
Tax 2020 (27) |
Share of profit/(loss) of companies accounted for under the equity method, net | Share of profit/(loss) of companies accounted for under the equity method, net 2021- |
Share of profit/(loss) of companies accounted for under the equity method, net 2020 - |
Other comprehensive income that may not be recycled subsequently | Other comprehensive income that may not be recycled subsequently 2021129 | Other comprehensive income that may not be recycled subsequently 2020 114 |
Total other comprehensive income recognised directly in equity | Total other comprehensive income recognised directly in equity 2021578 | Total other comprehensive income recognised directly in equity 2020 (570) |
Comprehensive income |
Comprehensive income 20212,773 |
Comprehensive income 2020 445 |
of which attributable to owners of the parent | of which attributable to owners of the parent 2021 3,046 |
of which attributable to owners of the parent 2020 757 |
of which attributable to non-controlling interests | of which attributable to non-controlling interests 2021 (274) |
of which attributable to non-controlling interests 2020 (312) |
(*) Changes in the fair value of cash flow hedges are recognised in equity for the effective portion. Cumulative gains and losses in equity are taken to profit or loss at the time when the cash flow affects profit or loss
In 2021, those changes consisted of a positive €186 million impact related to cash flow hedges and a negative €324 million impact related to net investment hedges.
(**) Tax effects relating to changes in the fair value of cash flow hedging financial instruments (effective portion) and hedging costs.