EDF / 2018 Reference document

6.

FINANCIAL STATEMENTS Income statement

INCOME STATEMENT

SALES NOTE 4

Sales are comprised of:

2018

2017

(in millions of euros) Sales of energy (1)

42,630 2,244 44,874

40,131 2,240 42,371

Sales of goods and services

SALES

Including a share of delivery costs for sales of electricity and gas. (1)

The rise in sales in 2018 mainly reflects higher sales on the markets, resulting from a resales of purchase obligations due to a substantial volume effect, favourable price marked increase in nuclear generation in 2018 (+14.1TWh) compared to 2017, effects on market-price offers, and the higher energy savings certificate component which was adversely affected by several reactor outages, and the increase in of offers, in line with the increase in the obligation cost. hydropower generation (+9.2TWh net). It is also explained by a positive change in

OPERATING SUBSIDIES NOTE 5

2018 6,566

2017 6,558

(in millions of euros)

OPERATING SUBSIDIES

Operating subsidies mainly comprise the subsidy received or receivable by EDF in power, counterbalanced by higher market prices for electricity. Another factor is the respect of the Compensation for Public Energy Service Charges (CSPE). In the financial impact of discontinuation of the “basic necessity” (Tarif de première nécessité) rates statements, this compensation is reflected in income of €6,554 million for 2018 for electricity and the “special solidarity” (Tarifs spéciaux de solidarité) rates for gas: (€6,547 million for 2017). This stability is mainly explained by the higher subsidy for these have been replaced by an energy voucher system whose cost is not borne by EDF. purchase obligations, due to a rise in purchase volumes for photovoltaic and wind

REVERSALS OF PROVISIONS AND IMPAIRMENT NOTE 6

2018

2017

(in millions of euros)

Reversals of provisions for risks Pensions and similar obligations

174 954 986 260 138

382 998 851 236 131

Spent fuel management

Long-term radioactive waste management Decommissioning of nuclear power plants

Decommissioning of fossil-fired and hydropower plants

35

49

Other provisions for expenses

113

122

Reversals of provisions for expenses

2,486

2,387

Reversals of depreciation

336

462

2,996

3,231

TOTAL REVERSALS OF PROVISIONS AND IMPAIRMENT

OTHER OPERATING INCOME AND TRANSFERS OF CHARGES NOTE 7

2018

2017

(in millions of euros)

Other operating income Transfers of charges

743 107 850

740

83

823

TOTAL

454

EDF I Reference Document 2018