EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

Contingent liabilities Note 50

386 386 386 387 387 387

Assets held for sale and related liabilities 377 Assets held for sale and related liabilities Note 46 377 Cash flows and other information 378 Cash flows Note 47 378 Change in working capital 47.1 378 Investments in intangible and tangible assets 47.2 378 Payments relating to leases 47.3 378 EDF’s dedicated assets Note 48 379 Regulations 48.1 379 Portfolio contents and measurement 48.2 379 Valuation of EDF’s dedicated assets 48.3 380 Coverage of long-term nuclear obligations 48.4 380 Changes in dedicated assets in 2019 48.5 381 Dedicated assets of Framatome and Cyclife France 48.6 (formerly SOCODEI) 381 Off-balance sheet commitments Note 49 382 Commitments given 49.1 382 Commitments received 49.2 385

Tax inspections 50.1 Labour litigation 50.2

Litigation with photovoltaic producers 50.3 Edison – Sale of Ausimont (Bussi) 50.4

Enedis – Quadlogic 50.5

Related parties Note 51

388

Transactions with entities included 51.1 in the scope of consolidation Relations with the French State 51.2 and State-owned entities Management compensation 51.3

388

388 389

Subsequent events Note 52

389

Scope of consolidation Note 53 at 31 December 2019 Fully consolidated companies 53.1

389 390 391 392

Company held in the form of a joint operation 53.2 Companies accounted for by the equity method 53.3 Companies in which the EDF group’s voting rights 53.4 differ from its percentage ownership

392

Statutory Auditors’ fees Note 54

393

Notes to the consolidated financial statements

Électricité de France (EDF or the “Company”) is a French société anonyme governed by French law, and registered in France. The consolidated financial statements reflect the accounting position of the Company and its subsidiaries (which together form the “Group”) and the Group’s interests in associates, joint arrangements classified as joint operations, and joint ventures, for the year ended 31 December 2019.

The Group is an integrated energy operator engaged in all aspects of the energy business: generation, transmission, distribution, supply, trading, energy services, production of equipment and fuel assemblies, and reactor services. The Group’s consolidated financial statements at 31 December 2019 were prepared under the responsibility of the Board of Directors and approved by the Directors at the Board meeting held on 13 February 2020. They will become final after approval at the General Shareholders’ Meeting to be held on 7 May 2020.

285

EDF | Universal registration document 2019