EDF / 2018 Reference document

6.

FINANCIAL STATEMENTS Consolidated financial statements

6.1

CONSOLIDATED FINANCIAL STATEMENTS

In application of Article 28 of European Commission regulation 809/2004/EC, the following information is incorporated by reference in this Reference Document: the EDF group’s consolidated financial statements (under international ■ accounting standards) for the year ended 31 December 2017 and the Statutory Auditors’ report on those financial statements, which are to be found in chapter 6, sections 6.1 (pages 296 to 408) and 6.2 (pages 409 and 412) of the EDF group’s 2017 Reference Document; the EDF group’s consolidated financial statements (under international ■ accounting standards) for the year ended 31 December 2016 and the Statutory

Auditors’ report on those financial statements, which are to be found in chapter 6, sections 6.1 (pages 320 to 436) and 6.2 (pages 437 and 438) of the EDF group’s 2016 Reference Document. The Group’s consolidated financial statements for the year ended 31 December 2018, prepared under IAS-IFRS, are presented below. They will be submitted for approval at the General Shareholders’ Meeting to be held on 16 May 2019.

CONSOLIDATED INCOME STATEMENT

2017 restated (1)

Notes

2018

(in millions of euros)

Sales

7 8 9

68,976 (33,012) (9,364) (13,690) (3,697)

64,892 (32,901) (8,739) (12,456) (3,541)

Fuel and energy purchases Other external expenses

Personnel expenses

10 11 12

Taxes other than income taxes

Other operating income and expenses

6,052

6,487

Operating profit before depreciation and amortisation

15,265

13,742

Net changes in fair value on Energy and Commodity derivatives, excluding trading activities

(224)

(355)

Net depreciation and amortisation

(9,006)

(8,537)

Net increases in provisions for renewal of property, plant and equipment operated under concessions

(50)

(58)

(Impairment)/reversals

13 14

(598) (105) 5,282

(518) 1,363 5,637

Other income and expenses

Operating profit

Cost of gross financial indebtedness

15.1 15.2 15.3

(1,716) (3,486)

(1,778) (2,959)

Discount effect

Other financial income and expenses

393

2,501

Financial result

15

(4,809)

(2,236)

Income before taxes of consolidated companies

473 149 569

3,401 (147)

Income taxes

16 23

Share in net income of associates and joint ventures

35

CONSOLIDATED NET INCOME

1,191 1,177

3,289 3,173

EDF net income

Net income attributable to non-controlling interests

14

116

Earnings per share (EDF share) in euros:

17

Basic earnings per share Diluted earnings per share

0.20 0.20

0.98

0.98 The comparative figures at 31 December 2017 have been restated according to IFRS 15 (note 2.1). For IFRS 9, applicable from 1 January 2018, the comparative (1) figures have not been restated, as allowed by the standard’s transition measures.

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EDF I Reference Document 2018