EDF / 2018 Reference document

6.

FINANCIAL STATEMENTS Balance sheet

VARIATION IN CASH AND CASH EQUIVALENTS REPORTED NOTE 22 IN THE CASH FLOW STATEMENT

31/12/2018

31/12/2017

Change

(in millions of euros) Marketable securities

16,913

14,538

2,375 (491) 1,884 (218)

Cash and cash equivalents

4,619

5,110

Sub-total in balance sheet assets

21,532 (2,868) (2,202)

19,648 (2,650) (2,125)

Euro investment funds

Negotiable debt instruments (euro) maturing after 3 months Negotiable debt instruments (non euro) maturing within 3 months Negotiable debt instruments (non euro) maturing after 3 months

(77)

(175)

-

(175) (298) (790)

(1,266) (7,969)

(968)

Bonds

(7,179)

Treasury shares

(3)

(3)

-

Accrued interest and other marketable securities

(2,430)

(1,613)

(817)

Marketable securities included in financial assets in the cash flow statement Cash advances to subsidiaries (cash pooling agreements) included in “other operating receivables” in the balance sheet Cash advances from subsidiaries (cash pooling agreements) included in “other operating liabilities” in the balance sheet

(16,913)

(14,538)

(2,375)

-

-

-

(6,182) (1,563)

(7,985) (2,875)

1,803 1,312

Cash and cash equivalents, closing balance in the cash flow statement*

Elimination of the effect of currency fluctuations

13

Elimination of net financial income on cash and cash equivalents

(52)

1,273

NET VARIATION IN CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT *

See the Cash flow statement. *

In 2018, the cash positions of all subsidiaries in the cash flow statement are now classified by reference to criteria of autonomy. An entity is considered non-autonomous when it is a holding company, generates the majority of its sales with EDF group entities, or does not have the status of employer.

The main subsidiaries classified as non-autonomous are C2, C3, EDF Holding et EDF international, and the main subsidiaries classified as autonomous are Enedis, PEI, Sofilo and GGF. In the cash flow statement, the cash positions of autonomous subsidiaries are now presented as a deduction from “Cash and cash equivalents”. The cash positions of non-autonomous subsidiaries are included in the components of the changes in working capital.

UNREALISED FOREIGN EXCHANGE LOSSES NOTE 23

Unrealised foreign exchange losses amount to €767 million at 31 December 2018, principally reflecting movements in the US dollar and the pound sterling (€572 million at 31 December 2017).

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EDF I Reference Document 2018