EDF / 2018 Reference document

FINANCIAL STATEMENTS Balance sheet

FINANCIAL LIABILITIES NOTE 33

Balance at 31/12/2017

New borrowings Repayments

Translation adjustments

Balance at 31/12/2018

Other

(in millions of euros)

Bonds in euros

1,013

-

- -

-

- - - - - - - - - - - -

1,013

Bonds in other currencies (1)

12,438 20,483

3,214 1,000

677

16,329 19,983

Euro-Medium Term Notes (EMTN) in euros (2) Euro-Medium Term Notes (EMTN) in other currencies

(1,500)

-

12,618 46,552

-

-

125 802

12,743 50,068

Bonds

4,214

(1,500)

Long-term loans in euros

1,200 1,200

- -

(46) (46)

- - -

1,154 1,154

Borrowings from financial institutions Negotiable debt instruments in euros (3) Negotiable debt instruments (non euro) (3)

700

255

-

955

1,247

- -

(329)

123

1,041

Contractual financial borrowings

15

-

-

15

Other borrowings Total borrowings

1,962

255

(329)

123 925

2,011

49,714

4,469

(1,875)

53,233

Advances on consumption

27 80

-

-

- - - - - -

(1)

26

Miscellaneous advances

41

(13)

-

108 184

6.

Bank overdrafts

433

- - -

- - -

(249)

Deferred bank debits

39

(10) (84)

29

Interest payable

1,148 1,700 51,441

1,064 1,385 54,644

Total other financial liabilities TOTAL FINANCIAL LIABILITIES

41

(13)

(343) (344)

4,510

(1,888)

925

On 19 September 2018, EDF raised USD3.75 billion through a multi-tranche senior bond issue (see note 2.2). (1) On 25 September 2018, EDF launched a €1 billion senior bond issue (see note 2.2). (2) Issues net of repayments. (3)

33.1

BREAKDOWN OF LOANS BY CURRENCY, BEFORE

AND AFTER HEDGING INSTRUMENTS

Impact of hedging instruments

Debt structure in balance sheet

Debt structure after hedging

% Non-euro

% of debt Non-euro In euros Non-euro In euros

% Non-euro

% of debt

Non-euro In euros

(in millions of euros) Total I - Euros

23,120

43

26,828

49,948

94

CHF GBP HKD

550

488

2

1

(550)

(488)

-

-

-

-

7,385 8,256

27

16

(3,000) (2,416)

(3,354)

4,385 4,902

149

9

2,416

269

1 4

1

(269)

- - -

- - -

- - -

- - -

JPY

137,000 1,089

2 (137,000)

(1,089)

NOK USD

1,000

101

-

-

(1,000)

(101)

(1,850) (1)

22,798 19,910

66

37 (24,648) (21,527)

(1,617)

(49)

(3)

Total II - Non euro currencies

30,113 53,233

100

57

( 26,828)

3,285 53,233

100

6

100

100

TOTAL I + II

Those derivatives hedge also a proportion of others liabilities in foreign currency. (1)

The nominal value of hedging instruments included in off-balance sheet commitments (see note 35.1) has no effect on loans in the balance sheet.

479

EDF I Reference Document 2018