EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

2.3.3

Impacts on the 2018 consolidated cash flow statement

(in millions of euros)

2018 as published

Impact of IFRS 5

2018 restated

Operating activities: Income before taxes

473

-

473

Income before taxes of discontinued operations

-

(183)

(183)

Income before taxes of consolidated companies

473

183

656

Impairment/(reversals)

598

(308) (223)

290

Accumulated depreciation and amortisation, provisions and changes in fair value

13,180

12,957

Financial income and expenses

729 387

(11)

718 387

Dividends received from associates and joint ventures

- -

Capital gains/losses

(1,014)

(1,014)

Change in working capital

462

8

470

Net cash flow from continuing operations

14,815

(351)

14,464

Net cash flow relating to discontinued operations

-

351

351

Net cash flow from operations Net financial expenses disbursed

14,815 (1,062)

-

14,815 (1,048)

14 80

Income taxes paid

(389)

(309)

Net cash flow from continuing operating activities

13,364

(257)

13,107

Net cash flow from operating activities relating to discontinued operations

-

257

257

Net cash flow from operating activities

13,364

-

13,364

Investing activities: Acquisitions of equity investments, net of cash acquired Disposals of equity investments, net of cash transferred

(484)

- -

(484)

1,261

1,261

Investments in intangible assets and property, plant and equipment

(16,186)

170 (34)

(16,016)

Net proceeds from sale of intangible assets and property, plant and equipment

611

577

Changes in financial assets

(2,367)

-

(2,367)

Net cash flow from continuing investing activities

(17,165)

136

(17,029)

Net cash flow from investing activities relating to discontinued operations

-

(136)

(136)

Net cash flow from investing activities

(17,165)

-

(17,165)

Financing activities: EDF capital increase

-

- - - - - -

-

Transactions with non-controlling interests

1,548 (511) (183)

1,548 (511) (183)

Dividends paid by parent company

Dividends paid to non-controlling interests

Purchases/sales of treasury shares Cash flows with shareholders

(3)

(3)

851

851

Issuance of borrowings

5,711

-

5,711

Repayment of borrowings

(2,844)

120

(2,724)

Issuance of perpetual subordinated bonds

1,243

- - - - -

1,243

Redemptions of perpetual subordinated bonds

(1,329)

(1,329)

Payments to bearers of perpetual subordinated bonds

(584)

(584)

Funding contributions received for assets operated under concessions

131 351

131 351

Investment subsidies

Other cash flows from financing activities

2,679 3,530

120 120

2,799 3,650

Net cash flow from continuing financing activities

Net cash flow from financing activities relating to discontinued operations

-

(120)

(120)

Net cash flow from financing activities

3,530

-

3,530

Net increase/(decrease) in cash and cash equivalents from continuing operations Net increase/(decrease) in cash and cash equivalents from discontinued operations

(271)

(1)

(272)

-

1

1

Net increase/(decrease) in cash and cash equivalents

(271)

-

(271)

CASH AND CASH EQUIVALENTS – OPENING BALANCE

3,692

-

3,692

Net increase/(decrease) in cash and cash equivalents

(271)

- - - - -

(271)

Effect of currency fluctuations

(95)

(95)

Financial income on cash and cash equivalents

13

13

Effect of reclassifications

(49)

(49)

CASH AND CASH EQUIVALENTS – CLOSING BALANCE

3,290

3,290

304

EDF | Universal registration document 2019

www.edf.fr