EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

Basic earnings per share and diluted earnings per share Note 20

The diluted earnings per share is calculated by dividing the Group’s share of net income, corrected for dilutive instruments and the payments made during the year to bearers of perpetual subordinated bonds, by the weighted average number of potential shares outstanding over the period after elimination of treasury shares.

The following table shows the reconciliation of the basic and diluted earnings used to calculate earnings per share (basic and diluted), and the variation in the weighted average number of shares used in calculating basic and diluted earnings per share:

2019

2018

(in millions of euros)

Net income attributable to ordinary shares - EDF net income from continuing operations - EDF net income from discontinued operations Payments on perpetual subordinated bonds

5,155 5,597 (442) (589) 4,566 5,008 (442) -

1,177 1,384 (207) (584)

Effect of dilutive instruments

-

Net income used to calculate earnings per share

593 800

- from continuing operations - from discontinued operations

(207)

Average weighted number of ordinary shares outstanding during the year Average weighted number of diluted shares outstanding during the year

3,029,504,511 3,029,504,511

2,968,327,473 2,968,327,473

Earnings per share (in euros) : BASIC EARNINGS PER SHARE DILUTED EARNINGS PER SHARE

1.50 1.50 1.65 1.65

0.20 0.20 0.27 0.27

BASIC EARNINGS PER SHARE OF CONTINUING OPERATIONS DILUTED EARNINGS PER SHARE OF CONTINUING OPERATIONS BASIC EARNINGS PER SHARE OF DISCONTINUED OPERATIONS DILUTED EARNINGS PER SHARE OF DISCONTINUED OPERATIONS

(0.15) (0.15)

(0.07) (0.07)

In 2019, payment of the outstanding scrip dividend for 2018 and the interim dividend for 2019 led to an increase in the share capital and an issue premium totalling €881 million, corresponding to the issuance of 93,353,410 shares.

Operating assets and liabilities, equity

Goodwill Note 21

21.1

Changes in goodwill

Goodwill on consolidated entities comprises the following:

31/12/2019

31/12/2018

(in millions of euros)

Net book value at opening date

10,195

10,036

Acquisitions

66

116

Disposals

-

- -

Impairment (note 14) Translation adjustments

(57) 392

(61) 104

Other changes

27

NET BOOK VALUE AT CLOSING DATE

10,623 11,418

10,195 10,960

Gross value at closing date

Accumulated impairment at closing date

(795)

(765)

The changes in goodwill in 2019 primarily related to: the acquisition of Foxguard by Framatome, acquisition of service entities in ■ Belgium, and the first consolidation of the Cyclife subsidiaries in the United Kingdom and Sweden; translation adjustments of €392 million, principally due to the pound sterling’s ■ rise against the euro.

The changes in goodwill in 2018 primarily related to the revised goodwill following finalisation of the business combination accounts for the acquisition of Framatome at 31 December 2017 (€58 million), Edison’s acquisition of Edison Energie (formerly GNVI) and Attiva in Italy (for €80 million and €13 million respectively), and translation adjustments of €(61) million, largely reflecting the pound sterling’s rise against the euro.

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EDF | Universal registration document 2019

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