EDF / 2018 Reference document

THE GROUP’S PERFORMANCE IN 2018 AND FINANCIAL OUTLOOK Operating and financial review

EXTRACT FROM THE CONSOLIDATED BALANCE SHEET (in millions of euros)

31/12/2018

31/12/2017 (1)

Intangible and tangible assets Other non-current assets

162,219 48,165 210,384 30,137 39,358

156,900 47,424 204,324 30,981 32,845

Non-current assets

Inventories and trade receivables

Other current assets

Cash and cash equivalents

3,290

3,692

Current assets

72,785

67,518

Assets held for sale TOTAL ASSETS Equity (EDF’s share)

-

-

283,169 44,469

271,842 41,357

Equity (non-controlling interests)

8,177

7,341

Total equity

52,646 71,772 46,924 59,012 177,708 52,815

48,698 71,373 46,323 58,591 176,287 46,857

Non-current provisions Special concession assets Non-current other liabilities Non current liabilities

5.

Current liabilities

Liabilities related to assets classified as held for sale

-

-

TOTAL EQUITY AND LIABILITIES 271,842 The comparative figures for the year ended 31 December 2017 have been restated for the impact of retrospective application of IFRS 15 (see note 2.1.3.2 to the (1) 31 st december 2018 consolidated financial statements). 283,169

GROUP CASH FLOW (in millions of euros)

2018 (480)

2017 (209)

Variation Variation (%)

Group cash flow (1) (2) -129.7 Group cash flow is not an aggregate defined by IFRS as a measure of financial performance, and is not comparable with indicators of the same name reported by (1) other companies. It is equivalent to the operating cash flow after net change in working capital, net investments, allocations and withdrawals from dedicated assets, and dividends (see section 5.1.5.2). Before the capital increase. (2) (271)

ETAILS OF NET INDEBTEDNESS

Variation (%)

31/12/2018

31/12/2017

Variation

(in millions of euros)

Loans and other financial liabilities Derivatives used to hedge liabilities

59,188 (1,972) (3,290) (20,538)

56,846 (1,176) (3,692) (18,963)

2,342 (796)

+4.1

+67.7 -10.9

Cash and cash equivalents

402

Available-for-sale financial assets – Liquid assets

(1,575)

+8.3

NET INDEBTEDNESS (1) +1.1 Net indebtedness is not defined in the accounting standards and is not directly visible in the Group’s consolidated balance sheet. It comprises total loans and (1) financial liabilities, less cash and cash equivalents and liquid assets. Liquid assets are financial assets consisting of funds or securities with initial maturity of over three months that are readily convertible into cash and are managed according to a liquidity-oriented policy. 33,388 33,015 373

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EDF I Reference Document 2018