EDF / 2018 Reference document

6.

FINANCIAL STATEMENTS Notes to the consolidated financial statements

CHANGES IN THE SCOPE OF CONSOLIDATION NOTE 5

There was no significant change in the Group’s scope of consolidation during 2018, apart from the sale of Dunkerque LNG (see note 3.3), and the operations presented below:

5.1

FRAMATOME – FINAL

As the final amount of certain purchase price adjustments will only be known after 31 December 2018, the Group has estimated the expected value of these items (see note 3.11.2) to finalise recognition of the business combination at 31 December 2018. Any subsequent adjustments to the estimated fair value of the price will be included in profit and loss.

RECOGNITION OF THE BUSINESS COMBINATION

In application of IFRS 3 (revised), on 31 December 2018 the Group finalised its recognition of the business combination linked to the acquisition of Framatome on 31 December 2017.

After fair value measurement of assets and liabilities, Framatome’s final opening balance sheet at 31 December 2017, which is very similar to the provisional opening balance sheet shown in note 3.11.2, is as follows: ASSETS (in millions of euros) Final opening values Goodwill - Other intangible assets 1,272 Property, plant and equipment 1,096 Investments in associates and joint ventures 92 Financial assets 171 Deferred tax assets 132 Inventories 610 Trade receivables 4,422 Current tax assets 5 Other receivables 604 Cash and cash equivalents - TOTAL ASSETS 8,404

EQUITY AND LIABILITIES (in millions of euros)

Final opening values

Capital

707 147 854

Consolidated reserves Equity – Group share Non-controlling interests

4

Total equity

858 987

Provisions

Financial liabilities

10

Deferred tax liabilities

172 455

Trade payables

Current tax liabilities

1

Other liabilities

5,921 8,404

TOTAL EQUITY AND LIABILITIES

This balance sheet for the Framatome subgroup is presented before elimination of positions with Group entities, which mainly concern trade receivables and other liabilities.

At 31 December 2018, the final purchase price was adjusted for the expected earn-out payment and purchase price adjustments.

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I Reference Document 2018