EDF / 2019 Universal registration document

6. Financial statements

Consolidated financial statements

Consolidated financial statements 6.1

The Group’s consolidated financial statements for the year ended 31 December 2019, prepared under IAS-IFRS, are presented below. They will be submitted for approval at the General Shareholders’ Meeting to be held on 7 May 2020.

Consolidated income statement

2019  (1)

Notes

2018  (2)

(in millions of euros)

7 8 9

Sales

71,317 (35,091) (8,619) (13,793) (3,798)

68,546 (33,056) (9,262) (13,642) (3,690)

Fuel and energy purchases Other external expenses

10 11 12

Personnel expenses

Taxes other than income taxes

Other operating income and expenses

6,692

6,002

Operating profit before depreciation and amortisation

16,708

14,898

Net changes in fair value on energy and commodity derivatives, excluding trading activities

13

642

(224)

Net depreciation and amortisation

(9,994)

(8,775)

Net increases in provisions for replacement of property, plant and equipment operated under concessions

(8)

(50)

14 15

(Impairment)/reversals

(403) (185) 6,760

(290) (105) 5,454

Other income and expenses

Operating profit

16.1 16.2 16.3

Cost of gross financial indebtedness

(1,806) (3,161)

(1,712) (3,464)

Discount effect

Other financial income and expenses

4,606 (361) 6,399

378

Financial result

16

(4,798)

Income before taxes of consolidated companies

656 178 569

17 26 19

Income taxes

(1,581)

Share in net income of associates and joint ventures

818

Net income of discontinued operations

(454) 5,182 5,155 5,597 (442)

(212) 1,191 1,177 1,384 (207)

CONSOLIDATED NET INCOME

EDF net income

Net income of continuing operations Net income of discontinued operations

Net income attributable to non-controlling interests

27 39

14 19 (5)

Net income of continuing operations Net income of discontinued operations Earnings per share (EDF share) (in euros) :

(12)

20

Basic earnings per share Diluted earnings per share

1.50 1.50 1.65 1.65

0.20 0.20 0.27

Basic earnings per share of continuing operations Diluted earnings per share of continuing operations

0.27 The financial statements at 31 December 2019 apply IFRS 16 from 1 January 2019 (using the modified retrospective approach). In accordance with the new (1) standard’s transition provisions, the comparative figures have not been restated (see note 2.1). The published figures for 2018 have been restated due to the impact of presenting the E&P operations as discontinued operations (see note 2.3). (2)

In application of IFRS 5, the net income of discontinued operations is presented on a separate line of the income statement for the financial periods presented. The impact of application of IFRS 5 on the published figures for 2018 is presented in note 2.3.

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EDF | Universal registration document 2019

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