II. Consolidated statement of comprehensive income

(Amounts in thousands of euros) 2012 2011
Net profit 2,367,013 1,945,532
Other comprehensive income

Translation differences related to foreign operations (129,503) 47,233
Cash flow hedges (29,687) 39,915
Other income and expenses recognized directly in equity 0 2,723
Tax effect 8,906 (11,975)
Total comprehensive income for the year 2,216,729 2,023,428
Total comprehensive income attributable to

Equity holders of the Parent 2,210,475 2,012,041
Non-controlling interests 6,254 11,387
Total comprehensive income for the year 2,216,729 2,023,428