EDF / 2018 Reference document
6.
FINANCIAL STATEMENTS Consolidated financial statements
CHANGE IN CONSOLIDATED EQUITY
Details of the change in equity between 1 January and 31 December 2018 are as follows:
Fair value adjustment of financial instruments (OCI with recycling) (2)
Other conso- lidated reserves and net income (3)
Equity (non- controlling interests)
Equity (EDF share)
Total equity
Treasury shares
Translation adjustments (1)
Capital
(in millions of euros)
EQUITY AS PUBLISHED AT 31/12/2016
1,055
(29)
1,637 (1,587)
33,362 34,438
6,924 41,362
Gains and losses recorded in equity
- -
- -
(1,501)
1,281
740
520
(119)
401
Net income
-
-
3,173
3,173
116
3,289
Consolidated comprehensive income Payments on perpetual subordinated bonds
(1,501)
1,281
3,913
3,693
(3)
3,690
- - -
- -
- - - - -
- - - - -
(565)
(565)
-
(565)
Dividends paid
(1,532)
(1,532)
(183)
(1,715)
Purchases/sales of treasury shares
(11)
-
(11)
- -
(11)
Capital increase by EDF (4)
409
- -
5,018
5,427
5,427
Other changes (5)
-
(93)
(93)
603
510
EQUITY AS PUBLISHED AT 31/12/2017
1,464
(40)
136
(306)
40,103 41,357
7,341 48,698
IFRS 9 restatements (see note 2.2.2.5) EQUITY RESTATED AT 01/01/2018
-
-
-
(1,414)
1,414
-
-
-
1,464
(40)
136 (1,720)
41,517 41,357
7,341 48,698
Gains and losses recorded in equity
- -
- -
79
(136)
2,864 1,177
2,807 1,177
(88)
2,719 1,191
Net income
-
-
14
Consolidated comprehensive income Payments on perpetual subordinated bonds Issuance/Redemption of perpetual subordinated bonds (see notes 3.5 and 3.6)
79
(136)
4,041
3,984
(74)
3,910
-
-
-
-
(584)
(584)
-
(584)
- - -
- -
- - - - -
- - - - -
(86)
(86)
-
(86)
Dividends paid
(1,360)
(1,360)
(183)
(1,543)
Purchases/sales of treasury shares
(16)
-
(16) 847 327
- -
(16) 847
Capital increase by EDF (6)
41
- -
806 327
Other changes (7)
-
1,093 8,177
1,420
EQUITY AT 31/12/2018 52,646 Changes in translation adjustments amount to €79 million at 31 December 2018, mainly relating to the rise of the dollar against the euro, partly offset by the (1) decline of the pound sterling against the euro. Changes in reserves recorded in OCI (Other Comprehensive Income) with recycling are shown in the Statement of Comprehensive Income. They correspond to the (2) effects of fair value adjustments of debt securities and financial instruments hedging cash flows and net foreign investments, and amounts recycled to profit and loss in respect of terminated contracts and debt instruments transferred. Fair value changes recorded in OCI with no recycling are presented in the “Other consolidated reserves and net income” column. (3) In 2017, the changes in capital and other consolidated reserves (issue premium) relate to EDF’s capital increase amounting to €4,005 million net of expenses and (4) payment of the balance of the scrip dividend for 2016 totalling €1,024 million and the scrip interim dividend for 2017 totalling €398 million. In 2017, “Other changes” in equity (non-controlling interests) include the effect of capital increases funded by CGN for NNB Holding Ltd. and Sizewell C Holding (5) Co. amounting to €501 million. They also include the effects of the acquisition of Framatome, amounting to €209 million (see note 3.11.2), with minority shareholders owning 24.5% of the capital. In 2018, the changes in capital and other consolidated reserves (issue premium) relate to payment of the balance of the scrip dividend for 2017 totalling (6) €847 million (see note 27.3). In 2018, the changes in consolidated reserves and equity (non-controlling interests) include in particular the effect of the sale of 49% of EDF Renewables’ wind (7) farms (see note 3.8.2). “Other changes” in equity (non-controlling interests) also include the capital increases funded by CGN for NNB Holding Ltd. and Sizewell C Holding Co amounting to €743 million, and the effects of the sale of Dunkerque LNG amounting to €(433) million. 1,505 (56) 215 (1,856) 44,661 44,469
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EDF I Reference Document 2018
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