EDF / 2018 Reference document

FINANCIAL STATEMENTS Notes to the financial statements

NOTES TO THE FINANCIAL STATEMENTS

INCOME STATEMENT

Accounting principles Note 1 and methods

454

439

Sales Note 4

454

1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9

Accounting standards

439 439 440 440 440 441 441 442 442 443 443 443 443 443 443 444 445 445 445

Management judgments and estimates

Operating subsidies Note 5

454

Sales

Intangible assets

Reversals of provisions Note 6 and impairment Other operating income Note 7 and transfers of charges Purchases and other external Note 8 expenses

Property, plant and equipment Long-term asset impairment

454

Financial assets

454

Inventories and work-in-progress

Accounts receivable and marketable securities

Bond issuance expenses and redemption premiums 1.10 Unrealised foreign exchange gains and losses 1.11

455

Tax-regulated provisions 1.12

Taxes other than income taxes Note 9

455

Additional equity 1.13

6.

Special concession liabilities 1.14

Personnel expenses Note 10

455

Provisions other than employee benefit provisions 1.15

Employee benefits 1.16

Operating depreciation, Note 11

Derivatives 1.17

amortisation and provisions

456

Commodity contracts 1.18

Depreciation and amortisation 11.1 Provisions and impairment 11.2

456 456

Environment 1.19

Significant events Note 2 and transactions

Other operating expenses Note 12

456

447

Financial result Note 13

457

2.1

Completion of the sale of EDF’s stake

in Dunkerque LNG

447

Exceptional result Note 14

457

2.2

Senior bond issues: EDF raises $3.75 billion

and €1 billion

447 447 447

Income taxes Note 15

458

2.3 2.4 2.5

Issuance of perpetual surbordinated bonds Redemption of certain series of hybrid bonds Syndication of an innovative ESG-indexed Confirmation of the European Commission decision on the tax treatment of provisions established between 1987 and 1996 for renewal of general network facilities revolving credit facility

Tax group 15.1

458 458

15.2

Income tax payable

448

Tax credit for competitivity and employment 15.3 (CICE)

2.6

458 458

15.4

Deferred taxes

448 448 449

BALANCE SHEET

459

2.7 2.8

Flamanville 3 EPR project

Acquisition of 75.5% of Framatome

Gross values of intangible Note 16 and tangible fixed assets Depreciation, amortisation Note 17 and impairment of intangible and tangible fixed assets

459

Regulatory changes in France Note 3 France’s multi-year energy programme (PPE) 3.1

450

450

3.2

Regulated electricity sales tariffs in France –

“Blue” tariffs

450 451 451 451 452 452 453

460

3.3 3.4 3.5 3.6 3.7 3.8

Supplier commissioning Electricity equalisation fund

Impairment tests on assets 17.1

460

Compensation for public energy service

Financial assets Note 18 Change in financial assets 18.1

461

charges (CSPE)

461

Capacity mechanism

Subsidiaries and investments of at least 18.2 50% of capital Subsidiaries and investments under 50% 18.3

Energy savings certificates

462 463 463 464

ARENH

Investment securities portfolio 18.4 Variation in treasury shares 18.5

Financial loans and receivables related 18.6 to investments

464

437

EDF I Reference Document 2018