EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

Note 6

Segment reporting

“ France – Regulated activities ”: distribution, transmission, EDF’s island ■ activities and the activities of Électricité de Strasbourg; “ Framatome ”: the entities of the Framatome subgroup; ■ “ United Kingdom ”: the entities of the EDF Energy subgroup; ■ “ Italy ”: Edison entities and TdE SpA; ■ “ Other international ”: EDF International and the other gas and electricity ■ entities located in continental Europe, the US, Latin America and Asia; “ EDF Renewables ”: the entities of the EDF Renewables subgroup; ■ “ Dalkia ”: the entities of the Dalkia subgroup; ■ “ Other activities ”: comprising in particular EDF Trading and ■ EDF Investissements Groupe. No segments have been merged.

6.1

Reporting by operating segment

Segment reporting presentation complies with IFRS 8, “Operating segments”. Segment reporting is presented before inter-segment eliminations. Inter-segment transactions take place at market prices. In accordance with IFRS 8, the breakdown used by the EDF group corresponds to the operating segments as regularly reviewed by the Management Committee (the Group’s chief operating decision-maker). The Group’s segments are: “ France – Generation and Supply ”: EDF’s energy production and sales ■ activities, commodity trading, and other activities;

6.1.1

At 31 December 2019

Inter- segment elimi- nations

France – Generation and Supply

France – Regulated activities Framatome

Other interna- tional

EDF Renew- ables

United Kingdom Italy

Other activities

Total

(in millions of euros)

Dalkia

Income statements: External sales

71,317

26,658 16,072

1,895 1,482 3,377

9,570 7,535

2,507

1,043

3,732 2,305

-

Inter-segment sales

1,212

15

4

32

183

522

549

423 (4,422)

-

TOTAL SALES

27,870 16,087

9,574 7,567

2,690

1,565

4,281 2,728 (4,422)

71,317

OPERATING PROFIT BEFORE DEPRECIATION AND AMORTISATION OPERATING PROFIT

7,615 3,483

5,101 1,892

527 230

772 578

339

1,193

349 (18)

505

(271) (271)

16,708

(349)

72

42

670

1,009

6,760

Balance sheet: Goodwill

10,623

72

223

1,341

7,965 103

33

199

544

143

-

Intangible assets and property, plant and equipment Investments in associates and joint ventures  (1) Other segment assets  (2) Assets classified as held for sale Other non-allocated assets

163,722

58,275 63,499

2,591 19,034 5,410

2,226

9,773

2,288

626

-

6,414

2,593

-

90

127 104

2,058

1,063

75

304

- -

38,466

19,190

4,473

1,912

5,268 1,788

620

659

1,911 2,645

3,662

-

-

-

-

1,737

1,925

-

-

-

-

-

-

-

-

-

-

-

-

-

- -

80,397

TOTAL ASSETS

80,130 68,195

5,934 32,394 9,142

6,862 11,694

4,818 3,718

303,284

Other information: Net depreciation and amortisation

(9,994)

(4,047)

(3,192)

(263)

(1,009)

(409)

(269)

(474)

(259) (105)

(72) (23)

- -

(403)

Impairment

(29)

-

(10)

(127)

(60)

-

(49)

Equity (non-controlling interests) Investments in intangible assets and property, plant and equipment

9,324

117

42

163

6,622 262

398

922

279

519

-

6,091 16,709 At 31 December 2019, investments in associates and joint ventures include 50.1% of CTE (the joint venture holding RTE’s shares) which is part of the France – (1) Generation and Supply segment. Other segment assets include inventories, trade receivables and other receivables. By convention, the CSPE receivable is totally allocated to the France – Regulated (2) Activities segment, in the amount of €1,667 million (see note 29). 4,610 210 3,352 288 227 1,608 275 48 -

316

EDF | Universal registration document 2019

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