EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

Notes to the consolidated financial statements

Note 1

Group accounting policies

286

Other operating income and expenses Note 12

321 321

Declaration of conformity 1.1

Operating subsidies 12.1

and Group accounting policies

286

Net income on deconsolidation 12.2

Changes in accounting standards 1.2 at 31 December 2019 Summary of the principal accounting 1.3 and valuation methods

and gains on disposal of fixed assets

321 321

286

Other items 12.3

Net changes in fair value on energy Note 13 and commodity derivatives, excluding trading activities

287

Note 2

Comparability

301 301 302 302 305 305 307 307 308 309

321

IFRS 16 “Leases” 2.1

Impairment/reversals Note 14 Impairment by category of asset 14.1

322 322

IFRIC 23 “Uncertainty over income tax treatments” 2.2

IFRS 5 “Planned Sale of E&P Operations” 2.3

Impairment tests on goodwill, intangible assets 14.2 and property, plant and equipment

Note 3

Significant events and transactions

322

Nuclear developments 3.1

Other income and expenses Note 15

325

Disposals 3.2

Financing operations 3.3 Renewable energies 3.4

Financial result Note 16

326 326 326 326 327 327

Cost of gross financial indebtedness 16.1

Significant events and transactions of 2018 3.5

Discount effect 16.2

Other financial income and expenses 16.3

Note 4

Regulatory changes in France

310

France’s multi-year energy programme (PPE) 4.1 and The Energy and Climate law Regulated electricity sales tariffs in France – 4.2 “Blue” tariffs

Income taxes Note 17 Breakdown of tax expense 17.1

310

Reconciliation of the theoretical and effective tax 17.2 expense (tax proof) Change in deferred tax assets and liabilities 17.3

312 312

327 328

“TURPE” network access tariffs 4.3

Compensation for public energy service charges 4.4 (CSPE)

Breakdown of deferred tax assets 17.4 and liabilities by nature

313 314 314 315

328

French capacity mechanism 4.5 Energy savings certificates 4.6

Leases Note 18

329

ARENH 4.7

Net income of discontinued operations Note 19

329

Note 5

Changes in the scope of consolidation

315

Basic earnings per share and diluted Note 20 earnings per share

Note 6

Segment reporting

316 316

330

Reporting by operating segment 6.1 Sales to external customers, by product 6.2 and service group

Operating assets and liabilities, equity 330 Goodwill Note 21 330 Changes in goodwill 21.1 330 Goodwill by operating segment 21.2 331 Other intangible assets Note 22 331 Property, plant and equipment operated Note 23 under French public electricity distribution concessions 332 Net value of property, plant and equipment operated 23.1 under French public electricity distribution concessions 332

318

Income statement

319

Note 7

Sales

319

Note 8

Fuel and energy purchases

319

Note 9

Other external expenses

320

Personnel expenses Note 10

320 320 320

Personnel expenses 10.1 Average workforce 10.2

Movements in property, plant and equipment 23.2

Taxes other than income taxes Note 11

321

operated under French public electricity distribution concessions (excluding assets in progress)

332

283

EDF | Universal registration document 2019