Iberdrola : The Company delivers the Half-yearly financial Information 2020

						SELECTED FINANCIAL INFORMATION
									IBERDROLA, S.A.
							1st HALF-YEAR OF 2020
				ANNEX I
				GENERAL
1st		HALF-YEARLY FINANCIAL REPORT FOR FINANCIAL YEAR		2020
	REPORTING DATE	30/06/2020
			I. IDENTIFICATION DATA
Registered Company Name: IBERDROLA, S.A.
Registered Address: PLAZA EUSKADI, Nº 5 48009 BILBAO				Tax Identification
								Number
								A-48010615
	II. SUPPLEMENTARY INFORMATION TO PREVIOUSLY RELEASED PERIODIC INFORMATION
				Annex
				supplementary
				information

Explanation of the main modifications with respect to the previously released periodic information:

(To be completed only in the situations indicated in Section B) of the instructions)

G-1

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

III. STATEMENT(S) BY THE PERSON(S) RESPONSIBLE FOR THE INFORMATION

To the best of our knowledge, the accompanying half-yearly financial statements, which have been prepared in accordance with applicable accounting principles, give a true and fair view of the assets, liabilities, financial position and profit or loss of the issuer, or of the undertakings included in the consolidated financial statements taken as a whole, and the interim management report includes a fair review of the information required.

Comments on the above statement(s):

Person(s) responsible for this information:

	In accordance with the power delegated by the
	board of directors, the board secretary has verified
	that the half-yearly financial report has been
	signed by the directors.
Name/Company Name	Office
Mr. José Ignacio Sánchez Galán	Chairman & CEO
Mr. Juan Manuel González Serna	Vice-chair and lead director
Mr. Iñigo Víctor de Oriol Ibarra	Director
Ms. Samantha Barber	Director
Ms. María Helena Antolín Raybaud	Director
Ms. Georgina Kessel Martínez	Director
Mr. José Walfredo Fernández	Director
Mr. Manuel Moreu Munaiz	Director
Mr. Xabier Sagredo Ormaza	Director
Mr. Francisco Martínez Córcoles	Director- Business CEO
Mr. Anthony L. Gardner	Director
Ms. Sara de la Rica Goiricelaya	Director
Ms. Nicola Mary Brewer	Director
Ms. Regina Helena Jorge Nunes	Director

Date this half-yearly financial report was signed by the corresponding governing body: 21-07-2020

G-2

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

1. INDIVIDUAL BALANCE SHEET (PREPARED USING PREVAILING NATIONAL ACCOUNTING STANDARDS) (1/2)

Units: Thousand euros		CURRENT P.	PREVIOUS P.
	ASSETS		30/06/2020	31/12/2019
A) NON-CURRENT ASSETS	0040	45,128,120	44,978,099
1.	Intangible assets:	0030	105,428	109,087
	a) Goodwill	0031
	b) Other intangible assets	0032	105,428	109,087
2.	Property. plant and equipment	0033	283,497	283,337
3.	Investment property	0034
4.	Long-term investments in group companies and associates	0035	43,299,891	43,456,096
5.	Long-term financial investments	0036	440,561	113,176
6.	Deferred tax assets	0037	329,440	347,388
7.	Other non-current assets	0038	669,303	669,015
B) CURRENT ASSETS	0085	2,455,131	2,665,909
1.	Non-current assets held for sale	0050
2.	Inventories	0055
3.	Trade and other receivables:	0060	310,318	213,905
	a) Trade receivables	0061	126,138	101,553
	b) Other receivables	0062	46,576	12,945
	c) Current tax assets	0063	137,604	99,407
4.	Short-term investments in group companies and associates	0064	1,762,495	2,308,858
5.	Short-term financial investments	0070	37,390	52,879
6.	Prepayments for current assets	0071	4,045	1,510
7.	Cash and cash equivalents	0072	340,883	88,757
TOTAL ASSETS (A + B)	0100	47,583,251	47,644,008

Comments

G-3

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

1. INDIVIDUAL BALANCE SHEET (PREPARED USING PREVAILING NATIONAL ACCOUNTING STANDARDS) (2/2)

Units: Thousand euros		CURRENT P.		PREVIOUS P.
	EQUITY AND LIABILITIES		30/06/2020		31/12/2019
A) EQUITY (A.1 + A.2 + A.3)	0195	31,342,092		32,539,980
A.1) CAPITAL AND RESERVES	0180	31,357,361		32,558,764
1.	Capital:	0171	4,840,194		4,771,554
	a) Registered capital	0161	4,840,194		4,771,554
	b) Less: Uncalled capital	0162
2.	Share premium	0172	14,443,366		14,512,006
3.	Reserves	0173	3,077,143		3,092,476
4.	Own shares and equity holdings	0174	(2,445,172)		(1,428,266)
5.	Prior periods' profit and loss	0178	11,342,643		8,732,387
6.	Other shareholder contributions	0179
7.	Profit (loss) for the period	0175	78,415		2,848,815
8.	Less: Interim dividend	0176
9.	Other equity instruments	0177	20,772		29,792
A.2) VALUATION ADJUSTMENTS	0188	(15,269)		(18,784)
1.	Available-for-sale financial assets	0181
2.	Hedging transactions	0182	(15,269)		(18,784)
3.	Other	0183
A.3) GRANTS, DONATIONS AND BEQUESTS RECEIVED	0194
B) NON-CURRENT LIABILITIES	0120	6,676,161		6,570,133
1.	Long-term provisions	0115	464,662		490,662
2.	Long-term debts:	0116	669,124		369,577
	a) Debt with financial institutions and bonds and other marketable securities	0131	298,208		339,538
	b) Other financial liabilities	0132	370,916		30,039
3.	Long-term payables to group companies and associates	0117	4,836,040		4,976,769
4.	Deferred tax liabilities	0118	706,335		733,125
5.	Other non-current liabilities	0135
6.	Long-term accrual accounts	0119
C) CURRENT LIABILITIES	0130	9,564,998		8,533,895
1.	Liabilities associated with non-current assets held for sale	0121
2.	Short-term provisions	0122			376
3.	Short-term debts:	0123	663,916		1,406,373
	a) Bank borrowings and bonds and other negotiable securities	0133	578,312		1,335,142
	b) Other financial liabilities	0134	85,604		71,231
4.	Short-term payables to group companies and associates	0129	8,840,797		6,946,944
5.	Trade and other payables:	0124	60,253		149,230
	a) Suppliers	0125	9,337		38,848
	b) Other payables	0126	50,845		110,307
	c) Current tax liabilities	0127	71		75
6.	Other current liabilities	0136
7.	Current accrual accounts	0128	32		30,972
TOTAL EQUITY AND LIABILITIES (A + B + C )	0200	47,583,251		47,644,008

Comments

G-4

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

2. INDIVIDUAL PROFIT AND LOSS ACCOUNT

(PREPARED USING PREVAILING NATIONAL ACCOUNTING STANDARDS)

												PRESENT CURR.		PREVIOUS CURR.			CURRENT			PREVIOUS
		Units: Thousand euros							PERIOD		PERIOD			CUMULATIVE			CUMULATIVE
												(2nd HALF YEAR)		(2nd HALF YEAR)	30/06/2020					30/06/2019
												Amount		Amount			Amount			Amount
	(+)	Revenue					0205					344,494		689,713
	(+/-)		Change in	inventories	of finished	0206
		products and work in progress
	(+)	Own work capitalised			0207					599		872
	(-)	Supplies					0208					531		(219,378)
	(+)	Other operating revenue			0209					386		826
	(-)	Personnel expenses			0217					(61,974)		(63,024)
	(-)	Other operating expenses		0210					(59,918)		(97,628)
	(-)	Depreciation and amortisation charge	0211					(33,610)		(34,233)
	(+)	Allocation of grants for non-financial	0212
	assets and other grants
	(+)	Reversal of provisions			0213
	(+/-)	Impairment	and	gain	(loss)	on	0214					39		3
	disposal of fixed assets
	(+/-)	Other profit (loss)				0215					(132,685)		(497,428)
		=		OPERATING PROFIT (LOSS)		0245					57,862		(220,277)
	(+)	Finance income				0250					2,510		184
	(-)	Finance costs					0251					(68,746)		(87,055)
	(+/-)	Changes in	fair	value	of financial	0252					13,567		(4,158)
	instruments
	(+/-)	Exchange differences			0254					26,526		(373)
	(+/-)	Impairment	and	gain	(loss)	on	0255
	disposal of financial instruments
		=		NET FINANCE INCOME (COSTS)		0256					(26,143)		(91,402)
		=		PROFIT (LOSS) BEFORE TAX		0265					31,719		(311,679)
	(+/-)	Income tax expense			0270					46,696		(5,250)
		=		PROFIT (LOSS) FOR THE PERIOD		0280					78,415		(316,929)
			FROM CONTINUING ACTIVITIES
		(+/-)		Profit (loss) from discontinued		0285
			operations. net of tax
		=		PROFIT (LOSS) FOR THE PERIOD		0300					78,415		(316,929)
					EARNINGS PER SHARE				Amount		Amount			Amount				Amount
								(X.XX euros)		(X.XX euros)			(X.XX euros)					(X.XX euros)
				Basic					0290
				Diluted					0295

Comments

G-5

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

3. INDIVIDUAL STATEMENT OF CHANGES IN EQUITY

A. INDIVIDUAL STATEMENT OF RECOGNISED INCOME AND EXPENSE

(PREPARED USING PREVAILING NATIONAL ACCOUNTING STANDARDS)

			CURRENT	PREVIOUS
Units: Thousand euros		PERIOD	PERIOD
			30/06/2020	30/06/2019
A)	PROFIT (LOSS) FOR THE PERIOD (from the profit and loss account)	0305	78,415	(316,929)
B)	INCOME AND EXPENSE RECOGNISED DIRECTLY IN EQUITY	0310	(1,261)	(1,022)
1.	From measurement of financial instruments:	0320
	a) Available-for-sale financial assets	0321
	b) Other income/(expenses)	0323
2.	From cash flow hedges	0330	(619)	(1,363)
3.	Grants. donations and bequests received	0340
4.	From actuarial gains and losses and other adjustments	0344
5.	Other income and expense recognised directly in equity	0343
6.	Tax effect	0345	(642)	341
C)	TRANSFERS TO PROFIT OR LOSS	0350	4,229	4,217
1.	From measurement of financial instruments:	0355
	a) Available-for-sale financial assets	0356
	b) Other income/(expenses)	0358
2.	From cash flow hedges	0360	5,639	5,623
3.	Grants, donations and bequests received	0366
4.	Other income and expense recognised directly in equity	0365
5.	Tax effect	0370	(1,410)	(1,406)
TOTAL RECOGNISED INCOME/(EXPENSE) (A + B + C)	0400	81,383	(313,734)

Comments

G-6

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

3. INDIVIDUAL STATEMENT OF CHANGES IN EQUITY

B. INDIVIDUAL STATEMENT OF TOTAL CHANGES IN EQUITY (1/2)

(PREPARED USING PREVAILING NATIONAL ACCOUNTING STANDARDS)

	Units: Thousand euros								Capital and reserves								Grants.
											Share						Profit (loss) for			Other equity			Valuation			donations and			Total equity
	CURRENT PERIOD			Capital			premium and			Treasury stock							adjustments			bequests
									the period			instruments
											Reserves (1)													received
	Closing	balance	at	3010		4,771,554		26,336,869		(1,428,266)		2,848,815		29,792		(18,784)					32,539,980
	01/01/2020
	Adjustments for
	changes in accounting	3011
	policy
	Adjustment for errors	3012
	Adjusted		opening	3015		4,771,554		26,336,869		(1,428,266)		2,848,815		29,792		(18,784)					32,539,980
	balance
	I.	Total	recognised	3020				(547)					78,415					3,515					81,383
	income/(expense)
	II.	Transactions	with
	shareholders		or	3025		68,640		2,526,830		(1,016,906)		(2,848,815)		(17,087)								(1,287,338)
	owners
1.	Capital	increases/	3026		68,640		(68,640)
		(reductions)
2.	Conversion		of
		financial	liabilities	3027
		into equity
3.	Distribution	of	3028				2,610,256					(2,848,815)											(238,559)
		dividends
4.	Net trading	with	3029				(14,786)		(1,016,906)					(17,087)								(1,048,779)
		treasury stock
5.	Increases/
		(reductions)	for	3030
		business
		combinations
6.	Other	transactions
		with	shareholders	3032
		or owners
	III. Other	changes in	3035													8,067								8,067
	equity
1.	Equity-settled
		share-based		3036													8,067								8,067
		payment
2.	Transfers	between	3037
		equity accounts
3.	Other changes		3038
	Closing	balance	at	3040		4,840,194		28,863,152		(2,445,172)		78,415		20,772		(15,269)					31,342,092
	30/06/2020

Comments

G-7

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

3. INDIVIDUAL STATEMENT OF CHANGES IN EQUITY

B. INDIVIDUAL STATEMENT OF TOTAL CHANGES IN EQUITY (2/2)

(PREPARED USING PREVAILING NATIONAL ACCOUNTING STANDARDS)

	Units: Thousand euros								Capital and reserves								Grants,
												Share						Profit (loss) for			Other equity			Valuation			donations and			Total equity
	PREVIOUS PERIOD			Capital			premium and			Treasury stock							adjustments			bequests
									the period			instruments
												Reserves (1)													received
	Closing	balance	at
	01/01/2019			3050		4,798,222		27,665,073		(1,002,272)		991,768		28,231		(25,746)					32,455,276
	(comparative period)
	Adjustments		for
	changes	in	accounting	3051
	policy
	Adjustment for errors	3052
	Adjusted			opening
	balance	(comparative	3055		4,798,222		27,665,073		(1,002,272)		991,768		28,231		(25,746)					32,455,276
	period)
	I.	Total		recognised	3060										(316,929)					3,195					(313,734)
	income/(expense)
	II.	Transactions	with
	shareholders		or	3065		(118,222)		(1,032,627)		457,425		(991,768)		(10,699)								(1,695,891)
	owners
1.	Capital	increases/	3066		(118,222)		(1,897,393)		2,015,182														(433)
		(reductions)
2.	Conversion	of
		financial	liabilities	3067
		into equity
3.	Distribution	of	3068				860,342					(991,768)											(131,426)
		dividends
4.	Net	trading	with	3069				4,424		(1,557,757)					(10,699)								(1,564,032)
		treasury stock
5.	Increases/
		(reductions)	for	3070
		business
		combinations
6.	Other	transactions
		with	shareholders	3072
		or owners
	III. Other	changes in	3075													6,709								6,709
	equity
1.	Equity-settled
		share-based		3076													6,709								6,709
		payment
2.	Transfers	between	3077
		equity accounts
3.	Other changes		3078
	Closing	balance	at
	30/06/2019			3080		4,680,000		26,632,446		(544,847)		(316,929)		24,241		(22,551)					30,452,360
	(comparative period)

Comments

G-8

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

4. INDIVIDUAL STATEMENT OF CASH FLOWS

(PREPARED USING PREVAILING NATIONAL ACCOUNTING STANDARDS)

		Units: Thousand euros					CURRENT PERIOD		PREVIOUS PERIOD
						30/06/2020				30/06/2019
		A)		CASH FLOWS FROM OPERATING ACTIVITIES (1 + 2 + 3 + 4)		0435		641,901		51,627
	1.		Profit (loss) before tax		0405		31,719		(311,679)
	2.		Adjustments to profit (loss):		0410		11,794		334,977
	(+)		Depreciation and amortisation charge		0411		33,610		34,233
	(+/-)		Other net adjustments to profit (loss)		0412		(21,816)		300,744
	3.		Changes in working capital		0415		(181,041)		(4,942)
	4.		Other cash flows from operating activities:		0420		779,429		33,271
	(-)		Interest paid		0421		(93,520)		(125,650)
	(+)		Dividends received		0422		870,064		195,828
	(+)		Interest received		0423		61,902		5,573
	(+/-)		Income tax recovered/(paid)		0430					(5,159)
	(+/-)		Other sums received/(paid) from operating activities		0425		(59,017)		(37,321)
		B)		CASH FLOWS FROM INVESTING ACTIVITIES (1 + 2)		0460		(137,128)		22,995
	1.		Payments for investments:		0440		(798,491)		(577,688)
	(-)		Group companies. associates and business units		0441		(766,636)		(540,327)
	(-)		Property. plant and equipment. intangible assets and investment property		0442		(30,110)		(37,010)
	(-)		Other financial assets		0443		(1,745)		(351)
	(-)		Non-current assets and liabilities classified as held for sale.		0459
	(-)		Other assets		0444
	2.		Proceeds from sale of investments		0450		661,363		600,683
	(+)		Group companies. associates and business units		0451		660,989		600,336
	(+)		Property, plant and equipment, intangible assets and investment property		0452		38		3
	(+)		Other financial assets		0453		336		344
	(+)		Non-current assets and liabilities classified as held for sale.		0461
	(+)		Other assets		0454
		C)		CASH FLOWS FROM FINANCING ACTIVITIES (1 + 2 + 3)		0490		(252,647)		77,604
	1.		Sums received/(paid) in respect of equity instruments		0470		(1,792,919)		(1,143,822)
	(+)		Issuance		0471					(383)
	(-)		Redemption		0472					(50)
	(-)		Acquisition		0473		(1,860,112)		(1,189,241)
	(+)		Disposal		0474		67,193		45,852
	(+)		Grants. donations and bequests received		0475
	2.		Sums received/(paid) in respect of financial liability instruments:		0480		1,778,831		1,352,852
	(+)		Issuance		0481		4,060,506		2,015,078
	(-)		Repayment and redemption		0482		(2,281,675)		(662,226)
	3.		Payment of dividends and remuneration on other equity instruments		0485		(238,559)		(131,426)
		D)		EFFECT OF FOREIGN EXCHANGE RATE CHANGES		0492
		E)		NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A + B + C + D)		0495		252,126		152,226
		F)		CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD		0499		88,757
		G)		CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (E + F)		0500		340,883		152,226
			COMPONENTS OF CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD			CURRENT PERIOD				PREVIOUS PERIOD
						30/06/2020			30/06/2019
(+) Cash on hand and at banks	0550		340,883			152,226
(+) Other financial assets	0552
(-) Less: Bank overdrafts repayable on demand	0553
		TOTAL CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	0600		340,883			152,226

Comments

G-9

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

5. CONSOLIDATED BALANCE SHEET (ADOPTED IFRS) (1/2)

Units: Thousand euros		CURRENT P.	PREVIOUS P.
		ASSETS		30/06/2020	31/12/2019
A) NON-CURRENT ASSETS	1040	107,419,106	108,811,313
1.	Intangible assets:	1030	19,133,422	20,367,861
		a) Goodwill	1031	7,790,059	8,152,918
		b) Other intangible assets	1032	11,343,363	12,214,943
2.	Property, plant and equipment	1033	71,549,265	71,289,209
3.	Investment property	1034	338,308	342,286
4.	Investments accounted for using the equity method	1035	1,256,533	1,956,827
5.	Non-current financial assets	1036	2,849,158	3,105,280
		a) At fair value through profit or loss	1047	63,597	86,058
		Of which, "Designated upon initial recognition"	1041
		b) At fair value through other comprehensive income	1042
		Of which, "Designated upon initial recognition"	1043
		c) At amortised cost	1044	2,785,561	3,019,222
6.	Non-current derivatives	1039	1,385,194	756,430
		a) Hedging	1045	767,445	514,770
		b) Other	1046	617,749	241,660
7.	Deferred tax assets	1037	5,791,730	5,694,528
8.	Other non-current assets	1038	5,115,496	5,298,892
B) CURRENT ASSETS	1085	14,538,097	13,557,693
1.	Non-current assets held for sale	1050
2.	Inventories	1055	2,850,884	2,847,094
3.	Trade and other receivables:	1060	7,920,785	7,499,400
		a) Trade receivables	1061	5,749,108	6,197,501
		b) Other receivables	1062	1,386,690	983,817
		c) Current tax assets	1063	784,987	318,082
4.	Current financial assets	1070	565,018	692,561
		a) At fair value through profit or loss	1080
		Of which, "Designated upon initial recognition"	1081
		b) At fair value through other comprehensive income	1082
		Of which, "Designated upon initial recognition"	1083
		c) At amortised cost	1084	565,018	692,561
5.	Current derivatives	1076	881,215	405,359
		a) Hedging	1077	526,310	281,627
		b) Other	1078	354,905	123,732
6.	Other current assets	1075
7.	Cash and cash equivalents	1072	2,320,195	2,113,279
TOTAL ASSETS (A + B)	1100	121,957,203	122,369,006

Comments

G-10

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

5. CONSOLIDATED BALANCE SHEET (ADOPTED IFRS) (2/2)

	Units: Thousand euros	EQUITY AND LIABILITIES		CURRENT P.			PREVIOUS P.
		30/06/2020			31/12/2019
	A) EQUITY (A.1 + A.2 + A.3)		1195	45,813,998		47,194,665
	A.1) CAPITAL AND RESERVES		1180	40,655,818		40,323,606
1.	Capital		1171	4,840,194		4,771,554
		a) Registered capital		1161	4,840,194		4,771,554
		b) Less: Uncalled capital		1162
2.	Share premium		1172	14,443,366		14,667,676
3.	Reserves		1173	9,309,486		9,707,637
4.	Less: Treasury stock		1174	(2,453,076)		(1,436,205)
5.	Prior periods' profit and loss		1178	12,670,929		9,206,633
6.	Other shareholder contributions		1179
7.	Profit (loss) for the period attributable to the parent		1175	1,844,919		3,406,311
8.	Less: Interim dividend		1176
9.	Other equity instruments		1177
	A.2) ACCUMULATED OTHER COMPREHENSIVE INCOME		1188	(3,924,862)		(2,645,299)
1.	Items that are not reclassified to profit or loss for the period	1186
		a)	Equity instruments through other comprehensive income	1185
		b)	Others		1190
2.	Items that may subsequently be reclassified to profit or loss for the period	1187	(3,924,862)		(2,645,299)
		a)	Hedging transactions		1182	(581,893)		(543,168)
		b)	Translation differences		1184	(3,342,010)		(2,101,190)
		c) Share in other comprehensive income for investments in joint ventures and others	1192	(959)		(941)
		d) Debt instruments at fair value through other comprehensive income	1191
		e)	Others		1183
	EQUITY ATTRIBUTABLE TO THE PARENT COMPANY (A.1 + A.2)	1189	36,730,956		37,678,307
	A.3) NON-CONTROLLING INTERESTS		1193	9,083,042		9,516,358
	B) NON-CURRENT LIABILITIES		1120	57,836,261		56,043,099
1.	Grants		1117	1,358,830		1,398,523
2.	Non-current provisions		1115	6,232,453		5,990,106
3.	Non-current financial liabilities:		1116	34,153,453		33,168,086
		a)	Debt with financial institutions and bonds and other marketable securities	1131	30,845,552		30,125,903
		b)	Other financial liabilities		1132	3,307,901		3,042,183
4.	Deferred tax liabilities		1118	9,473,857		9,358,886
5.	Non-current derivatives		1140	984,870		471,220
		a)	Hedging		1141	369,544		374,158
		b)	Other		1142	615,326		97,062
6.	Other non-current liabilities		1135	5,632,798		5,656,278
	C) CURRENT LIABILITIES		1130	18,306,944		19,131,242
1.	Liabilities associated with non-current assets held for sale	1121
2.	Current provisions		1122	699,413		660,056
3.	Current financial liabilities:		1123	7,959,959		8,975,773
		a) Debt with financial institutions and bonds and other marketable securities	1133	7,771,763		8,800,387
		b) Other financial liabilities		1134	188,196		175,386
4.	Trade and other payables:		1124	8,506,341		8,344,241
		a) Suppliers		1125	4,957,872		5,097,884
		b) Other payables		1126	2,827,038		3,003,731
		c)	Current tax liabilities		1127	721,431		242,626
5.	Current derivatives		1136	704,555		477,545
		a) Hedging		1146	431,651		285,321
		b) Other		1147	272,904		192,224
6.	Other current liabilities		1136	436,676		673,627
	TOTAL EQUITY AND LIABILITIES (A + B + C )		1200	121,957,203		122,369,006

Comments

G-11

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

6. CONSOLIDATED PROFIT AND LOSS ACCOUNT (ADOPTED IFRS)

					PRESENT CURR.			PREVIOUS CURR.			CURRENT			PREVIOUS
	Units: Thousand euros			PERIOD			PERIOD			CUMULATIVE			CUMULATIVE
					(2nd HALF YEAR)			(2nd HALF YEAR)			31/12/2019			31/12/2018
					Amount			Amount			Amount			Amount
(+)	Revenue	1205							16,467,370		18,281,043
(+/-)		Change in inventories of finished products and work in progress	1206
(+)	Own work capitalised	1207							346,531		329,444
(-)	Supplies	1208							(8,417,077)		(10,051,014)
(+)	Other operating revenue	1209							324,532		290,956
(-)	Personnel expenses	1217							(1,418,027)		(1,412,885)
(-)	Other operating expenses	1210							(2,637,174)		(2,636,111)
(-)	Depreciation and amortisation charge	1211							(1,994,039)		(1,821,025)
(+)	Allocation of grants for non-financial assets and other grants	1212							36,493		37,380
(+/-)	Impairment and gain (loss) on disposal of fixed assets	1214										(6,584)
(+/-)	Gain (loss) on disposal of non-current assets	1216							20,632		6,844
(+/-)	Other profit (loss)	1215							(33,805)		(20,458)
=		OPERATING PROFIT (LOSS)	1245							2,695,436		2,997,590
(+)	Finance income	1250							167,611		189,986
	a) Interest income calculated using the effective interest rate	1262							74,507		66,465
	method
	b) Other	1263							93,104		123,521
(-)	Finance costs	1251							(688,164)		(755,447)
(+/-)	Changes in fair value of financial instruments	1252							144,186		(43,604)
(+/-)	Gain (loss) from reclassification of financial assets at amortised	1258
cost to financial assets at fair value
	Gain (loss) from reclassification of financial assets at fair value
(+/-)	through other comprehensive income to financial assets at fair	1259
	value
(+/-)	Exchange differences	1254							(23,862)		(915)
(+/-)	Impairment and gain (loss) on disposal of financial instruments	1255							14		(942)
(+/-)	Gain (loss) on disposal of financial instruments	1257
	a) Financial instruments at amortised cost	1260
	b) Other financial instruments	1261
=		NET FINANCE INCOME (COSTS)	1256							(400,215)		(610,922)
(+/-)	Profit (loss) of equity-accounted investees	1253							474,972		17,475
=		PROFIT (LOSS) BEFORE TAX	1265							2,770,193		2,404,143
(+/-)	Income tax expense	1270							(780,373)		(545,543)
=		PROFIT (LOSS) FOR THE PERIOD FROM CONTINUING ACTIVITIES	1280							1,989,820		1,858,600
(+/-)		Profit (loss) from discontinued operations, net of tax	1285							881		(25,712)
=		CONSOLIDATED PROFIT (LOSS) FOR THE PERIOD	1288							1,990,701		1,832,888
	A) Profit (loss) for the period attributable to the parent company	1300							1,844,919		1,644,383
	B) Profit (loss) attributable to non-controlling interests	1289							145,782		188,505
		EARNINGS PER SHARE			Amount			Amount			Amount			Amount
				(X.XX euros)			(X.XX euros)			(X.XX euros)			(X.XX euros)
	Basic	1290							0.29		0.26
	Diluted	1295							0.28		0.25

Comments

G-12

		SELECTED FINANCIAL INFORMATION
			IBERDROLA, S.A.
		1st HALF-YEAR OF 2020
	IV. SELECTED FINANCIAL INFORMATION
	7. CONSOLIDATED OTHER COMPREHENSIVE INCOME (IFRS ADOPTED)
	CURRENT P.	PREVIOUS P.	CURRENT	PREVIOUS
Units: Thousand euros	(2nd HALF	(2nd HALF	CUMULATIVE	CUMULATIVE
	YEAR)	YEAR)	30/06/2020	30/06/2019

	A)	CONSOLIDATED PROFIT (LOSS) FOR THE PERIOD (from the profit and loss account)		1305			1,990,701	1,832,888
	B)	OTHER COMPREHENSIVE INCOME - ITEMS THAT ARE NOT RECLASSIFIED TO PROFIT OR		1310			(181,889)
			LOSS:
1.	From revaluation/reversal of revaluation) of property. plant and equipment and intangible	1311
	assets
0.	From actuarial gains and losses	1344			(285,182)
2.	Share in other comprehensive income of investments in joint ventures and associates	1342
	1. Equity instruments through other comprehensive income	1346
2.	Other income and expenses that are not reclassified to profit or loss	1343
3.	Tax effect	1345			103,293
	C)	OTHER COMPREHENSIVE INCOME - ITEMS THAT MAY SUBSEQUENTLY BE RECLASSIFIED		1350			(1,858,042)	(31,766)
			TO PROFIT OR LOSS:
1.		Hedging transactions	1360			(31,653)	(488,366)
			a) Valuation gains/(losses)	1361			(352,631)	(639,860)
			b) Amounts transferred to profit or loss	1362			331,461	152,160
			c) Amounts transferred to initial carrying amount of hedged items	1363			(10,483)	(666)
			d) Other reclassifications	1364
2.		Translation differences:	1365			(1,844,191)	362,720
			a) Valuation gains/(losses)	1366			(1,844,191)	362,720
			b) Amounts transferred to profit or loss	1367
			c) Other reclassifications	1368
3.		Share in other comprehensive income of investments in joint ventures and associates:	1370			(16)	1
			a) Valuation gains/(losses)	1371			(21)	(4)
			b) Amounts transferred to profit or loss	1372			5	5
			c) Other reclassifications	1373
4.		Debt instruments at fair value through other comprehensive income	1381			(2,694)	(1,856)
			a) Valuation gains/(losses) taken to equity	1382			(23,896)	(18,814)
			b) Amounts transferred to profit or loss	1383			21,202	16,958
			c) Other reclassifications	1384
5.		Other income and expenses that may subsequently be reclassified to profit or loss	1375
			a) Valuation gains/(losses) taken to equity	1376
			b) Amounts transferred to profit or loss	1377
			c) Other reclassifications	1378
6.		Tax effect	1380			20,512	95,735
	TOTAL COMPREHENSIVE INCOME FOR THE PERIOD (A + B + C)		1400			(49,230)	1,801,122
			a) Attributable to the parent	1398			422,150	1,544,123
			b) Attributable to non-controlling interests	1399			(471,380)	256,999

Comments

G-13

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

8. CONSOLIDATED STATEMENT OF TOTAL CHANGES IN EQUITY (ADOPTED IFRS) (1/2)

	Units: Thousand euros							Equity attributable to the parent company
													Capital and reserves								Non-
											Share						Profit (loss) for						Valuation			controlling			Total equity
																the period			Other equity
	CURRENT PERIOD				Capital			premium and			Treasury stock							adjustments			interests
										attributable to			instruments
											Reserves (1)
																the parent
	Closing	balance	at	3110		4,771,554		33,581,946		(1,436,205)		3,406,311					(2,645,299)		9,516,358		47,194,665
	01/01/2020
	Adjustments	for
	changes in accounting	3111
	policy
	Adjustment for errors		3112
	Adjusted		opening	3115		4,771,554		33,581,946		(1,436,205)		3,406,311					(2,645,299)		9,516,358		47,194,665
	balance
	I. Total
	comprehensive		3120				(143,206)					1,844,919					(1,279,564)		(471,379)		(49,230)
	income/(expense) for
	the period
	II.	Transactions with
	shareholders		or	3125		68,640		3,011,819		(1,016,872)		(3,406,311)								96,896		(1,245,828)
	owners
1.	Capital	increases/	3126		68,640		(68,640)
		(reductions)
2.	Conversion	of
		financial	liabilities	3127
		into equity
3.	Distribution	of	3128				3,167,753					(3,406,311)								(71,861)		(310,419)
		dividends
4.	Purchase	/ sale of	3129				(14,787)		(1,016,872)														(1,031,659)
		treasury stock
5.	Equity		increase/
		(decrease) resulting	3130
		from		business
		combinations
6.	Other	transactions
		with	shareholders	3132				(72,507)														168,757		96,250
		or owners
	III. Other	changes	in	3135				(26,778)														(58,831)		(85,609)
	equity
1.	Equity-settled
		share-based		3136				(34,407)														565		(33,842)
		payment
2.	Transfers	among
		components	of	3137
		equity
3.	Other changes		3138				7,629														(59,396)		(51,767)
	Closing	balance	at	3140		4,840,194		36,423,781		(2,453,077)		1,844,919					(3,924,863)		9,083,044		45,813,998
	30/06/2020

Comments

G-14

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

8. CONSOLIDATED STATEMENT OF TOTAL CHANGES IN EQUITY (ADOPTED IFRS) (2/2)

Units: Thousand euros			Equity attributable to the parent company
			Capital and reserves
				Profit (loss) for			Non-
		Share		the period	Other equity	Valuation	controlling	Total equity
PREVIOUS PERIOD	Capital	premium and	Treasury stock	attributable to	adjustments	interests
instruments
		Reserves (1)		the parent
				company

	Closing balance at
	01/01/2019	3150		4,798,222	32,731,625	(1,010,348)	3,014,052	(2,951,352)	7,394,355	43,976,554
	(comparative period)
	Adjustments for changes	3151
	in accounting policy
	Adjustment for errors	3152
	Adjusted opening
	balance (comparative	3155		4,798,222	32,731,625	(1,010,348)	3,014,052	(2,951,352)	7,394,355	43,976,554
	period)
	I. Total comprehensive
	income/(expense) for	3160					1,644,383	(100,260)	256,999	1,801,122
	the period
	II.	Transactions with	3165		(118,222)	924,064	457,782	(3,014,052)	38,402	29,027	(1,682,999)
	shareholders or owners
1.	Capital increases/	3166		(118,222)	(1,897,392)	2,015,182				(432)
		(reductions)
2.	Conversion of
		financial liabilities	3167
		into equity
3.	Distribution of	3168			2,882,626		(3,014,052)		(95,471)	(226,897)
		dividends
4.	Purchase / sale of	3169
		treasury stock
					4,422	(1,557,400)				(1,552,978)
5.	Equity increase/
		(decrease) resulting	3170
		from business
		combinations
6.	Other transactions
		with shareholders or	3172			(65,592)			38,402	124,498	97,308
		owners
	III.	Other changes in	3175			(15,258)				767,026	751,768
	equity
1.	Equity-settled share-	3176			(7,552)				271	(7,281)
		based payment
2.	Transfers among
		components of	3177
		equity
3.	Other changes	3178			(7,706)				766,755	759,049
	Closing balance at
	30/06/2019	3180		4,680,000	33,640,431	(552,566)	1,644,383	(3,013,210)	8,447,407	44,846,445
	(comparative period)

Comments

G-15

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

9. A. CONSOLIDATED STATEMENT OF CASH FLOWS (INDIRECT METHOD) (ADOPTED IFRS)

					CURRENT			PREVIOUS PERIOD
	Units: Thousand euros		PERIOD
				30/06/2019
					30/06/2020
A)		CASH FLOWS FROM OPERATING ACTIVITIES (1 + 2 + 3 + 4)	1435	4,010,440		2,922,723
1. Profit (loss) before tax	1405	2,770,193		2,404,143
2. Adjustments to profit (loss):	1410	2,112,522		2,508,752
(+)		Depreciation and amortisation charge	1411	1,994,039		1,821,025
(+/-)		Other net adjustments to profit (loss)	1412	118,483		687,727
3. Changes in working capital	1415	(65,667)		(1,402,653)
4. Other cash flows from operating activities:	1420	(806,608)		(587,519)
(-)		Interest paid	1421
(-)		Payment of dividends and remuneration on other equity instruments	1430
(+)		Dividends received	1422	2,957		13,046
(+)		Interest received	1423
(+/-)		Income tax recovered/(paid)	1424	(445,675)		(246,458)
(+/-)		Other sums received/(paid) from operating activities	1425	(363,890)		(354,107)
B)		CASH FLOWS FROM INVESTING ACTIVITIES (1 + 2 + 3)	1460	(2,738,264)		(3,295,283)
1.	Payments for investments:	1440	(3,984,960)		(3,405,163)
(-)		Group companies. associates and business units	1441	(38,428)		(128,600)
(-)		Property, plant and equipment, intangible assets and investment property	1442	(3,581,692)		(3,139,721)
(-)		Other financial assets	1443	(22,748)		(136,842)
(-)		Non-current assets and liabilities classified as held for sale.	1449
(-)		Other assets	1444	(342,092)
2. Proceeds from sale of investments	1450	1,222,576		77,813
(+)		Group companies. associates and business units	1451	1,121,115
(+)		Property,	plant and equipment, intangible assets and investment property	1452			77,813
(+)		Other financial assets	1453	101,461
(+)		Non-current assets and liabilities classified as held for sale.	1461
(+)		Other assets	1454
3. Other cash flows from investing activities	1455	24,120		32,067
(+)		Dividends received	1456
(+)		Interest received	1457	15,958		26,764
(+/-)		Other sums received/(paid) from investing activities	1458	8,162		5,303
C)		CASH FLOWS FROM FINANCING ACTIVITIES (1 + 2 + 3 + 4)	1490	(870,656)		(754,967)
1. Sums received/(paid) in respect of equity instruments	1470	(1,792,134)		(1,143,464)
(+)		Issuance		1471			(381)
(-)		Redemption	1472			(51)
(-)		Acquisition	1473	(1,861,327)		(1,189,241)
(+)		Disposal		1474	69,193		46,209
2. Sums received/(paid) in respect of financial liability instruments:	1480	1,599,192		339,007
(+)		Issuance		1481	7,506,246		8,049,452
(-)		Repayment and redemption	1482	(5,907,054)		(7,710,445)
3. Payment of dividends and remuneration on other equity instruments	1485	(310,420)		(226,897)
4. Other cash flows from financing activities	1486	(367,294)		276,387
(-)		Interest paid	1487	(400,294)		(486,488)
(+/-)		Other sums received/(paid) from financing activities	1488	33,000		762,875
D)		FFECT OF CHANGES IN FOREIGN EXCHANGE RATE	1492	(194,604)		48,864
E)		NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A + B + C + D)	1495	206,916		(1,078,663)
F)		CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD	1499	2,113,279		2,801,157
G)		CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (E + F)	1500	2,320,195		1,722,494
					CURRENT			PREVIOUS
			COMPONENTS OF CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD		PERIOD			PERIOD
					30/06/2020			30/06/2019
	(+)	Cash on hand and at banks	1550	1,137,440		463,673
	(+)	Other financial assets	1552	1,182,755		1,258,821
	(-)	Less: Bank overdrafts repayable on demand	1553
			TOTAL CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	1600	2,320,195		1,722,494

Comments

G-16

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

9. B. CONSOLIDATED STATEMENT OF CASH FLOWS (DIRECT METHOD) (ADOPTED IFRS)

					CURRENT			PREVIOUS
			Units: Thousand euros		PERIOD			PERIOD
					30/06/2020			30/06/2019
	A)		CASH FLOWS FROM OPERATING ACTIVITIES (1 + 2 + 3 + 4)	8435
	(+)		Proceeds from operating activities	8410
	(-)		Payments to suppliers and to personnel for operating expenses	8411
	(-)		Interest paid	8421
	(-)		Payment of dividends and remuneration on other equity instruments	8422
	(+)		Dividends received	8430
	(+)		Interest received	8423
	(+/-)		Income tax recovered/(paid)	8424
	(+/-)		Other sums received/(paid) from operating activities	8425
	B)		CASH FLOWS FROM INVESTING ACTIVITIES (1 + 2 + 3)	8460
	1.	Payments for investments:	8440
	(-)		Group companies. associates and business units	8441
	(-)		Property, plant and equipment, intangible assets and investment property	8442
	(-)		Other financial assets	8443
	(-)		Other assets	8444
	2.	Proceeds from sales of investments	8450
	(+)		Group companies. associates and business units	8451
	(+)		Property, plant and equipment, intangible assets and investment property	8452
	(+)		Other financial assets	8453
	(+)		Other assets	8454
	3.	Other cash flows from investing activities	8455
	(+)		Dividends received	8456
	(+)		Interest received	8457
	(+/-)		Other flows from investing activities	8458
	C)		CASH FLOWS FROM FINANCING ACTIVITIES (1 + 2 + 3 + 4)	8490
	1.	Sums received/(paid) in respect of equity instruments	8470
	(+)		Issuance	8471
	(-)		Redemption	8472
	(-)		Acquisition	8473
	(+)		Disposal	8474
	2.	Sums received/(paid) in respect of financial liability instruments:	8480
	(+)		Issuance	8481
	(-)		Repayment and redemption	8482
	3.	Payment of dividends and remuneration on other equity instruments	8485
	4.	Other cash flows from financing activities	8486
	(-)		Interest paid	8487
	(+/-)		Other sums received/(paid) from financing activities	8488
	D)		EFFECT OF CHANGES IN FOREIGN EXCHANGE RATE	8492
	E)		NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A + B + C + D)	8495
	F)		CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	8499
	G)		CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (E + F)	8500
					CURRENT PERIOD			PREVIOUS
			COMPONENTS OF CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD				PERIOD
				30/06/2020
							30/06/2019
	(+) Cash on hand and at banks	8550
	(+)	Other financial assets	8552
	(-) Less: Bank overdrafts repayable on demand	8553
		TOTAL CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	8600

Comments

G-17

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

10. DIVIDENDS PAID

	CURRENT PERIOD			PREVIOUS PERIOD
€ / share	Amount	No. of shares	€ / share	Amount	No. of shares
(thousand	to be	(X,XX)	(thousand	to be
(X,XX)
euros)	delivered		euros)	delivered

Ordinary shares	2158		0.17	238,558		0.15	131,426
Other shares (non-voting shares. redeemable shares.	2159
etc.)
Total dividends paid	2160		0.17	238,558		0.15	131,426
a) Dividends charged to profit and loss	2155		0.17	238,558		0.15	131,426
b) Dividends charged to reserves or share premium	2156
c) Dividends in kind	2157
d) Flexible payment	2154			91,520,000		122,828,000

Comments

G-18

										SELECTED FINANCIAL INFORMATION
													IBERDROLA, S.A.
												1st HALF-YEAR OF 2020
				IV. SELECTED FINANCIAL INFORMATION
				11. SEGMENT INFORMATION
		Units: thousand euros					Distribution of revenue by geographic area
				INDIVIDUAL			CONSOLIDATED
		GEOGRAPHIC AREA
				CURRENT			PREVIOUS			CURRENT			PREVIOUS
				PERIOD			PERIOD			PERIOD			PERIOD
		Spanish market	2210	74,286		402,783			6,081,477		7,363,109
		International market	2215	270,208		286,930			10,385,893		10,917,934
		a) European Union	2216	6,991		90,124			3,820,028		3,767,770
		a.1) Euro Area	2217	6,991		62,718			741,488		708,834
		a.2) Non-Euro Area	2218			27,406			3,078,540		3,058,936
		b) OECD countries	2219	263,217		196,806			6,565,865		7,150,164
		TOTAL	2220	344,494		689,713			16,467,370		18,281,043

Comments

Units: thousand euros							CONSOLIDATED
				Ordinary revenue			Profit (loss)
SEGMENTS
				CURRENT			PREVIOUS			CURRENT			PREVIOUS
				PERIOD			PERIOD			PERIOD			PERIOD
Generation and supply		2221		9,459,977		10,920,693			849,409			758,987
Renewable		2222		2,036,898		1,923,299			567,211			591,742
Networks		2223		6,357,643		6,970,562			1,298,822			1,647,871
Other businesses, Corporation	and	2224		24,292		132,631			(40,639)			(7,854)
adjustments
(-) Adjustments and elimination of	2225		(1,411,440)		(1,666,142)
ordinary revenue between segments
(+/-) Unallocated profit (loss)		2226								95,389			(586,603)
		2227
		2228
		2229
		2230
TOTAL		2235		16,467,370		18,281,043			2,770,192			2,404,143

Comments

G-19

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

12. AVERAGE WORKFORCE

		INDIVIDUAL	CONSOLIDATED
		CURRENT PERIOD	PREVIOUS PERIOD	CURRENT PERIOD	PREVIOUS PERIOD
AVERAGE WORKFORCE	2295	732	733	35,142	33,927
Men	2296	393	395	26,963	26,096
Women	2297	339	338	8,179	7,831

Comments

IV. SELECTED FINANCIAL INFORMATION

13. REMUNERATION RECEIVED BY DIRECTORS AND MANAGERS

DIRECTORS:		Amount (thousand euros)
Item of remuneration:		CURRENT	PREVIOUS
		PERIOD	PERIOD
Remuneration for membership on the board and/or board committees	2310	2,764	2,751
Salaries	2311	1,625	1,625
Variable remuneration in cash	2312	4,250	4,250
Share-based remuneration systems	2313	6,531	4,822
Termination benefits	2314
Long-term savings systems	2315
Other items	2316	236	225
TOTAL	2320	15,406	13,673
MANAGERS:		Amount (thousand euros)
		CURRENT	PREVIOUS
		PERIOD	PERIOD
Total remuneration paid to managers	2325	18,165	15,204

Comments

G-20

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

14. RELATED-PARTY TRANSACTIONS AND BALANCES (1/2)

		Units: thousand euro									CURRENT PERIOD
												Group
		EXPENSES AND REVENUE				Significant			Directors and		employees,		Other related	Total
					shareholders			managers		companies and		parties
												entities
		1) Finance costs	2340								169				169
		2) Leases	2343
		3) Services received	2344								106				106
		4) Purchase of inventories	2345								109,954				109,954
		5) Other expenses	2348
		TOTAL EXPENSES (1+2+3+4+5)	2350								110,229				110,229
		6) Finance income	2351				8				173				181
		7) Dividends received	2354
		8) Services rendered	2356								4,136				4,136
		9) Sale of inventories	2357								13,690				13,690
		10) Other income	2359
		TOTAL REVENUE (6+7+8+9+10)	2360				8				17,999				18,007
											CURRENT PERIOD
												Group
	OTHER TRANSACTIONS:				Significant			Directors and		employees,		Other related	Total
				shareholders			managers		companies and		parties
												entities
	Financing agreements: loans and capital contributions	2372
	(lender)
	Financing agreements: loans and capital contributions	2375
	(borrower)
	Guarantees and collateral given	2381
	Guarantees and collateral received	2382
	Commitments assumed	2383
	Dividends and other earnings distributed	2386		95,694	355							96,049
	Other transactions	2385								2,967				2,967
											CURRENT PERIOD
												Group
	BALANCES ON THE REPORTING DATE:				Significant			Directors and			employees,			Other related		Total
				shareholders			managers			companies and			parties
												entities
	1) Trade receivables	2341								2,516					2,516
	2) Loans and credit given	2342								29,222					29,222
	3) Other receivables	2346								5,440					5,440
	TOTAL RECEIVABLES (1+2+3)	2347								37,178					37,178
	4) Trade payables	2352								29,176					29,176
	5) Loans and credit received	2353
	6) Other payment obligations	2355								69,924					69,924
	TOTAL PAYABLES (4+5+6)	2358								99,100					99,100

Comments

G-21

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

IV. SELECTED FINANCIAL INFORMATION

14. RELATED-PARTY TRANSACTIONS AND BALANCES (2/2)

		Units: thousand euro														PREVIOUS PERIOD
																				Group
		EXPENSES AND REVENUE							Significant		Directors and				employees,			Other related			Total
								shareholders			managers		companies and				parties
																				entities
		1) Finance costs				6340										25									25
		2) Leases					6343
		3) Services received				6344										585				16,097				16,682
		4) Purchases of goods (finished or in progress)	6345										133,393				1,535				134,928
		5) Other expenses				6348
		TOTAL EXPENSES (1+2+3+4+5)			6350										134,003				17,632				151,635
		6) Finance income				6351			25						32				34				91
		7) Dividends received				6354
		8) Services rendered				6356										1,025									1,025
		9) Sale of goods (finished or in progress)		6357										14,744				597				15,341
		10) Other income				6359
		TOTAL REVENUE (6+7+8+9+10)			6360			25						15,801				631				16,457
																	PREVIOUS PERIOD
																				Group
		OTHER TRANSACTIONS:								Significant			Directors and				employees,				Other related				Total
									shareholders				managers			companies and					parties
																				entities
		Financing	agreements:	loans	and	capital	6372
		contributions (lender)
		Financing	agreements:	loans	and	capital	6375
		contributions (borrower)
		Guarantees and collateral granted			6381
		Guarantees and collateral received			6382
		Commitments acquired				6383
		Dividends and other earnings distributed		6386			2,766		79														2,845
		Other transactions				6385										106				119,141				119,247
																		PREVIOUS PERIOD
																				Group
BALANCES ON THE REPORTING DATE:						Significant			Directors and				employees,			Other related		Total
					shareholders			managers				companies and			parties
																				entities
1) Trade receivables				6341									2,008		416		2,424
2) Loans and credit given				6342									9,544							9,544
3) Other receivables				6346									6,533		2,122		8,655
TOTAL RECEIVABLES (1+2+3)			6347									18,085		2,538		20,623
4) Trade payables				6352									34,574		86,347		120,921
5) Loans and credit received				6353
6) Other payment obligations			6355									91,303		7,557		98,860
TOTAL PAYABLES (4+5+6)				6358									125,877		93,904		219,781

Comments

G-22

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

V. HALF-YEARLY FINANCIAL INFORMATION

Annex

Half-yearly financial information

Content of this section:

		INDIVIDUAL	CONSOLIDATED
Explanatory notes	2376	X	X
Condensed half-yearly accounts	2377	X	X
Full half-yearly accounts	2378	-	-
Interim management report	2379	X	X
Audit report	2380	X	X

Comments

The Annex contains:

• Selected Condensed Individual Interim Financial Information Management Report for the six-month period ending on 30 June 2020 and Limited Review Report on the Individual Selected Condensed Interim Financial Information.
• Interim Condensed Consolidated Financial Statements. Interim Consolidated Management Report for the six-month period ending on 30 June 2020 and Limited Review Report on the Interim Consolidated Financial Statements.
• Liability Statement.

G-23

SELECTED FINANCIAL INFORMATION

IBERDROLA, S.A. 1st HALF-YEAR OF 2020

VI. SPECIAL AUDIT REPORT

Annex

Special audit report

Comments

The Limited Review Report and Consolidated Limited Review Report are included in the annex to Chapter V.

G-24