EDF / 2018 Reference document

6.

FINANCIAL STATEMENTS Operating assets and liabilities, equity

31.1.3

Net employee benefit liability by geographical area

France (1)

United Kingdom

Other 1,064

Total

(in millions of euros)

Obligations at 31/12/2017 Net expense for 2018 Actuarial gains and losses Employees’ contributions to funds

32,701

8,956

42,721

1,342

505

45

1,892

(3,323)

(518)

(57)

(3,898)

-

15

-

15

Benefits paid

(1,519)

(644)

(31)

(2,194)

Translation adjustment

- - -

(66)

13

(53)

Changes in scope of consolidation

- -

-

-

Other movements

(4)

(4)

OBLIGATIONS AT 31/12/2018

29,201 (11,165) 18,036

8,248

1,030 (587)

38,479 (20,791) 17,688

Fair value of fund assets

(9,039)

NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2018

(791)

443

Including: Provisions for employee benefits Non-current financial assets (2)

18,036

146

443

18,625

(937)

(937)

France comprises the two operating segments “France – Generation and Supply” and “France – Regulated activities” (see note 31.2). (1) At 31 December 2018, EDF Energy recognised surplus funding on its EEGSG and BEGG pension schemes (see note 31.3.1). (2)

France (1) 32,701 (11,621) 21,080

United Kingdom Other

Total

(in millions of euros)

Obligations at 31/12/2017 Fair value of fund assets

8,956

1,064 (588)

42,721 (21,895) 20,826

(9,684)

Provisions for employee benefits at 31/12/2017

(728)

474

Including: Provisions for employee benefits

21,080

182

474

21,736

Non-current financial assets

-

(910)

-

(910)

France comprises the two operating segments “France – Generation and Supply” and “France – Regulated activities” (see note 31.2). (1)

31.2

FRANCE (REGULATED ACTIVITIES, AND GENERATION AND SUPPLY)

Given the strong similarities between their pension schemes, the two operating includes EDF and Enedis. Almost all of these companies’ employees have IEG status, segments “France – Generation and Supply” and “France – Regulated activities” including the special IEG pension and other IEG benefits. (see note 6.1) are combined here into a single subtotal, “France”, which primarily These benefits are described in note 1.3.22.

31.2.1

Details of changes in the provisions

Provisions in the balance sheet

Obligations

Fund assets

(in millions of euros)

Balances at 31/12/2017 Net expense for 2018 Actuarial gains and losses Contributions to funds

32,701

(11,621)

21,080

1,342

(221)

1,121

(3,323)

259 (44) 462

(3,064)

-

(44)

Benefits paid

(1,519) 29,201

(1,057) 18,036

(11,165)

BALANCES AT 31/12/2018

390

EDF I Reference Document 2018