EDF / 2018 Reference document

FINANCIAL STATEMENTS Operating assets and liabilities, equity

OPERATING ASSETS AND LIABILITIES, EQUITY

GOODWILL NOTE 18

18.1

CHANGES IN GOODWILL

Goodwill on consolidated entities comprises the following:

31/12/2018

31/12/2017

(in millions of euros)

Net book value at opening date

10,036

8,923 1,396

Acquisitions

116

Disposals

- -

- -

Impairment (note 13) Translation adjustments

(61) 104

(282)

Other changes

(1)

10,195 10,960

10,036 10,802

NET BOOK VALUE AT CLOSING DATE

Gross value at closing date

Accumulated impairment at closing date

(765)

(766)

6.

translation adjustments of €(61) million, largely reflecting the pound sterling’s ■ decline against the Euro. The changes in goodwill in 2017 primarily related to the acquisition of Framatome for €1,257 million, (see note 3.11.2) and the translation adjustments of €(282) million, largely reflecting the pound sterling’s decline against the Euro.

The changes in goodwill in 2018 primarily related to: the change in goodwill following finalisation of the business combination ■ accounts for the acquisition of Framatome at 31 December 2017 (€58 million) (see notes 5.1 and 3.11.2); Edison’s acquisition of Edison Energie (formerly GNVI) in Italy (€80 million) (see ■ note 5.3) and Attiva (€13 million);

18.2

GOODWILL BY OPERATING SEGMENT

The breakdown of goodwill between the new segments as presented in note 6.1 is as follows:

31/12/2018

31/12/2017

(in millions of euros)

France – Generation and supply France – Regulated activities

53

53

223

223

Framatome (1)

1,317 7,578

1,257 7,586

United Kingdom (EDF Energy)

Italy

108

18 15

Other international

20

Dalkia

548 206 142

536 206 142

EDF Renewables Other activities GROUP TOTAL

10,195

10,036

At 31 December 2018, €1,315 million results from the acquisition of Framatome (see note 5.1). (1)

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EDF I Reference Document 2018