EDF / 2019 Universal registration document

6. Financial statements

Consolidated financial statements

Change in consolidated equity

Details of the change in equity between 1 January and 31 December 2019 are as follows:

Fair value adjustment of financial instruments (OCI with recycling)  (2)

Other consolidated

Equity (non- controlling interests)

reserves and net income  (3)

Treasury shares

Translation adjustments  (1)

Equity (EDF share)

Total equity

(in millions of euros)

Capital

EQUITY RESTATED UNDER IFRS 9 AT 01/01/2018 Gains and losses recorded in equity

1,464

(40)

136

(1,720)

41,517

41,357

7,341

48,698

- -

- -

79

(136)

2,864 1,177 4,041

2,807 1,177 3,984

(88)

2,719 1,191 3,910

Net income

-

-

14

Consolidated comprehensive income

79

(136)

(74)

Payments on perpetual subordinated bonds

-

-

-

-

(584)

(584)

-

(584)

Issuance/Redemption of perpetual subordinated bonds

- - -

- -

- - - - -

- - - - -

(86)

(86)

-

(86)

Dividends paid

(1,360)

(1,360)

(183)

(1,543)

Purchases/sales of treasury shares

(16)

-

(16) 847 327

- -

(16) 847

Capital increase by EDF  (4)

41

- -

806 327

Other changes  (5)

-

1,093 8,177

1,420

EQUITY AS PUBLISHED AT 31/12/2018 IFRIC 23 restatements (see note 2.2) EQUITY RESTATED AT 01/01/2019 Gains and losses recorded in equity

1,505

(56)

215

(1,856)

44,661

44,469

52,646

-

-

-

-

(10)

(10)

-

(10)

1,505

(56)

215 822

(1,856)

44,651 (2,738)

44,459 (1,258)

8,177

52,636

- - -

- - -

658

336

(922)

Net income

-

-

5,155 2,417

5,155 3,897

27

5,182 4,260

Consolidated comprehensive income

822

658

363

Payments on perpetual subordinated bonds

-

-

-

-

(589)

(589)

-

(589)

Issuance/Redemption of perpetual subordinated bonds (see notes 3.3.2 and 3.3.3)

- - -

- -

- - - - -

- - - - -

(1,125)

(1,125)

-

(1,125) (1,096)

Dividends paid

(941)

(941)

(155)

Purchases/sales of treasury shares

(8)

-

(8)

- -

(8)

Capital increase by EDF  (6)

47

- -

834

881

881 831

Other changes  (7)

-

(108)

(108)

939

EQUITY AT 31/12/2019 55,790 Changes in translation adjustments amount to €822 million at 31 December 2019, mainly relating to the pound sterling and the recycling of Alpiq’s conversion (1) reserves to profit and loss following the sale of 28 May 2019. Changes in reserves recorded in OCI (Other Comprehensive Income) with recycling are shown in the Statement of Comprehensive Income. They correspond to the (2) effects of fair value adjustments of debt securities and financial instruments hedging cash flows and net foreign investments, and amounts recycled to profit and loss in respect of terminated contracts and debt instruments transferred. Fair value changes recorded in OCI with no recycling are presented in the “Other consolidated reserves and net income” column. (3) In 2018, the changes in capital and other consolidated reserves (issue premium) relate to payment of the balance of the scrip dividend for 2017 totalling (4) €847 million. In 2018, the changes in consolidated reserves and equity (non-controlling interests) include in particular the effect of the sale of 49% of EDF Renewables’ wind (5) farms. “Other changes” in equity (non-controlling interests) also include the capital increases funded by CGN for NNB Holding Ltd. and Sizewell C Holding Co. amounting to €743 million, and the effects of the sale of Dunkerque LNG amounting to €(433) million. In 2019, the changes in capital and other consolidated reserves (issue premium) relate to payment of the balance of the scrip dividend for 2018 and the interim (6) dividend for 2019 totalling €881 million (see note 30.1). In 2019, “Other changes” in equity (non-controlling interests) include the effect of capital increases funded by CGN for NNB Holding Ltd. and Sizewell C Holding (7) Co. amounting to €967 million. 1,552 (64) 1,037 (1,198) 45,139 46,466 9,324

282

EDF | Universal registration document 2019

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