EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

Leases Note 18

The main impacts of recognition in the income statement of lease contracts as lessor, in accordance with IFRS 16, are as follows:

2019

(in millions of euros)

Income from subleases Variable lease expenses

73

(45)

Expenses on short-term leases or leases of low-value assets

(167)

Income from sale and leaseback operations

-

Operating profit before depreciation and amortisation

(139) (660) (799)

Depreciation on right-of-use assets

Operating profit

Interest expense on the lease liability

(85)

Income before taxes of consolidated companies

(884)

Net income of discontinued operations Note 19

The line “Net income of discontinued operations” comprises income statement of impairment on the assets and liabilities concerned, determined as the difference items for the E&P operations for 2018 and 2019, and impairment recognised in between the book value and the fair value net of costs to sell (see note 2.3.1). respect of these assets in both these periods. In 2019, this includes €(513) million

The principal profit and loss indicators for the E&P operations in these periods are as follows:

2019

2018

(in millions of euros)

Sales

407 252 122 (25) (38)

430 367 136 (11)

Operating profit before depreciation and amortisation

Operating profit Financial result Income taxes NET INCOME

(103)

59

22

Impairment of discontinued operations, net of income taxes NET INCOME OF DISCONTINUED OPERATIONS

(513) (454)

(234) (212)

329

EDF | Universal registration document 2019