Repsol S A : Interim condensed consolidated financial statements for the first half of 2021 - PDF (577 KB)
07/29/2021 | 03:17am EDT
Repsol, S.A. and investees comprising the Repsol Group
Report on limited review of condensed interim consolidated financial statements and interim consolidated director´s Report at June 30, 2021
This version of our report is a free translation of the original, which was prepared in Spanish. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original language version of our report takes precedence over this translation.
Report on limited review of condensed interim consolidated
To the shareholders of Repsol, S.A. at the request of the Board of Directors:
We have performed a limited review of the accompanying condensed interim consolidated financial statements (hereinafter, the interim financial statements) of Repsol, S.A. (hereinafter, "the parent company") and investees comprising the Repsol Group (hereinafter, "the group"), which comprise the balance sheet as at June 30, 2021, the income statement, the statement of recognized income and expense, the statement of changes in equity, the statement of cash flows and related notes, all condensed and consolidated, for the six months period then ended. The parent company´s directors are responsible for the preparation of these interim financial statements in accordance with the requirements of International Accounting Standard (IAS) 34, "Interim Financial Reporting", as adopted by the European Union, for the preparation of condensed interim financial information, as provided in Article 12 of Royal Decree 1362/2007. Our responsibility is to express a conclusion on these interim financial statements based on our limited review.
Scope of Review
We conducted our limited review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A limited review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A limited review is substantially less in scope than an audit conducted in accordance with legislation governing the audit practice in Spain and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion on these interim financial statements.
Based on our limited review, that cannot be considered as an audit, nothing has come to our attention that causes us to believe that the accompanying interim financial statements for the six months period ended June 30, 2021 have not been prepared, in all material respects, in accordance with the requirements of International Accounting Standard (IAS) 34, "Interim Financial Reporting", as adopted by the European Union, for the preparation of condensed interim financial statements, as provided in Article 12 of Royal Decree 1362/2007.
PricewaterhouseCoopers Auditores, S.L., Torre PwC, Pº de la Castellana 259 B, 28046 Madrid, España
R. M. Madrid, hoja 87.250-1, folio 75, tomo 9.267, libro 8.054, sección 3ª
Inscrita en el R.O.A.C. con el número S0242 - CIF: B-79 031290
Emphasis of Matter
We draw attention to Note 2.1, in which it is mentioned that these interim financial statements do not include all the information required of complete consolidated financial statements prepared in accordance with International Financial Reporting Standards, as adopted by the European Union, therefore the accompanying interim financial statements should be read together with the consolidated annual accounts of the group for the year ended December 31, 2020. Our conclusion is not modified in respect of this matter.
Interim consolidated directors´ Report
The accompanying interim consolidated directors' Report for the six months period ended June 30, 2021 contains the explanations which the parent company´s directors consider appropriate regarding the principal events of this period and their impact on the interim financial statements presented, of which it does not form part, as well as the information required under the provisions of Article 15 of Royal Decree 1362/2007. We have verified that the accounting information contained in this directors' Report is in agreement with that of the interim financial statements for the six months period ended June 30, 2021. Our work is limited to checking the interim consolidated directors' Report in accordance with the scope mentioned in this paragraph and does not include a review of information other than that obtained from Repsol, S.A. and investees comprising the Repsol Group´s accounting records.
Preparation of this review report
This report has been prepared at the request of the Board of Directors in relation to the publication of the half-yearly financial report required by Article 119 of Royal Legislative Decree 4/2015 of 23 October, approving the revised text of the Securities Market Law developed by the Royal Decree 1362/2007, of 19 October.
PricewaterhouseCoopers Auditores, S.L.
Iñaki Goiriena Basualdu
July 29, 2021
Translation of a report originally issued in Spanish
In the event of a discrepancy, the Spanish language version prevails
Financial Statements H1 2021 | Repsol Group
Repsol, S.A. and Investees comprising the Repsol Group
Balance sheet at June 30, 2021 and December 31, 2020
Property, plant and equipment
Investments accounted for using the equity method
Non-current financial assets
Deferred tax assets
Other non-current assets
Non-current assets held for sale
Trade and other receivables
Other current assets
Other current financial assets
Cash and cash equivalents
EQUITY AND LIABILITIES
Other cumulative comprehensive income
Non-current financial liabilities
Deferred tax liabilities and other tax items
Other non-current liabilities
Liabilities associated with non-current assets held for sale
Current financial liabilities
Trade and other payables
TOTAL EQUITY AND LIABILITIES
Notes 1 to 7 are an integral part of the balance sheet.
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