EDF / 2018 Reference document

FINANCIAL STATEMENTS Financial assets and liabilities

OTHER INFORMATION ON FINANCIAL ASSETS NOTE 39 AND LIABILITIES FAIR VALUE OF FINANCIAL INSTRUMENTS 39.1

The following tables show the breakdown of financial assets and liabilities in the balance sheet, by level.

39.1.1

At 31 December 2018

Level 3 Non- observable data

Level 1 Unadjusted quoted prices

Level 2 Observable data

Balance sheet value

Fair value

(in millions of euros)

Financial assets at fair value through profit and loss (1)

6,404

6,404

569

5,497

338 599

Debt and equity securities

43,511

43,511

2,442

40,470

Positive fair value of hedging derivatives Cash equivalents carried at fair value

4,383

4,383

68

4,315

- -

435

435

181

254

54,733 9,220 2,060 2,669 13,949 2,948 7,160 10,108 59,188 59,188

54,733 9,220 2,080 2,669 13,969 2,948 7,160 10,108 63,772 63,772

3,260

50,536 9,220 2,080 2,669 13,969 2,852 6,274

937

FINANCIAL ASSETS CARRIED AT FAIR VALUE IN THE BALANCE SHEET Loans and financial receivables – assets receivable from the NLF

- - - -

- - - - -

Loans and financial receivables – CSPE Other loans and financial receivables

6.

FINANCIAL ASSETS CARRIED AT AMORTISED COST

Negative fair value of hedging derivatives Negative fair value of trading derivatives

96

554 650

332 332

9,126

FINANCIAL LIABILITIES CARRIED AT FAIR VALUE IN THE BALANCE SHEET

Loans and other financial liabilities (2)

- -

63,772 63,772

- -

FINANCIAL LIABILITIES CARRIED AT AMORTISED COST

Including €6,404 million for the positive fair value of trading derivatives. (1) Loans and other financial liabilities are carried in the balance sheet at amortised cost, adjusted for changes in the fair value of risks covered by a fair value hedge. (2)

Level 3 debt and equity securities are principally non-consolidated investments.

Cash equivalents, which principally take the form of negotiable debt instruments and short-term investments, are generally valued using yield curves, and therefore observable market data.

39.1.2

At 31 December 2017

Level 3 Non- observable data

Level 1 Unadjusted quoted prices

Level 2 Observable data

Balance sheet

value Fair value

(in millions of euros)

Financial assets carried at fair value with changes in fair value included in income (1)

2,614

2,614

233

2,252

129 633

Debt and equity securities

40,924

40,924

2,499

37,792

Positive fair value of hedging derivatives Cash equivalents carried at fair value

3,580

3,580

21

3,559

- -

364

364

198

166

47,482 8,650 3,294 2,678 14,622 2,874 2,787

47,482 8,650 3,349 2,678 14,677 2,874 2,787

2,951

43,769 8,650 3,349 2,678 14,677 2,799 2,467

762

FINANCIAL ASSETS CARRIED AT FAIR VALUE IN THE BALANCE SHEET Loans and financial receivables – Assets receivable from the NLF

- - - -

- - - - -

Loans and financial receivables – CSPE Other loans and financial receivables

FINANCIAL ASSETS RECORDED AT AMORTISED COST

Negative fair value of hedging derivatives Negative fair value of trading derivatives

75

200 275

120 120

5,661

5,661

5,266

FINANCIAL LIABILITIES CARRIED AT FAIR VALUE IN THE BALANCE SHEET

Loans and other financial liabilities (2)

56,846 56,846

63,334 63,334

- -

63,334 63,334

- -

FINANCIAL LIABILITIES RECORDED AT AMORTISED COST

Including €2,614 million for the positive fair value of trading derivatives. (1) Loans and other financial liabilities are carried in the balance sheet at amortised cost, adjusted for changes in the fair value of risks covered by a fair value hedge. (2)

405

EDF I Reference Document 2018