EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

30.5

Non-controlling interests (minority interests)

30.5.1

Details of non-controlling interests

31/12/2019

31/12/2018

Net income attributable to non-controlling interests

Net income attributable to non-controlling interests

Equity (non-controlling interests)

Equity (non-controlling interests)

Ownership%

(in millions of euros)

Principal non-controlling interests: EDF Energy Nuclear Generation Ltd.

20.0% 33.5%

2,764 3,977

(16)

2,612 2,849

(21)

NNB Holding Ltd.

5

(3) 11

EDF Investissements Groupe SA

6.1%

516 376 163

10 (6)

516 380 194

Luminus SA (formerly EDF Luminus SA)

31.4% 24.5%

(21)

Framatome

(22)

24 24 14

Other non-controlling interests

- -

1,528 9,324

56 27

1,626 8,177

TOTAL

Non-controlling interests in EDF Energy Nuclear Generation Ltd. (formerly British Energy), which is owned 80% by the Group via EDF Energy, correspond to Centrica’s share. Non-controlling interests in NNB Holding Limited, the holding company for the Hinkley Point C project, which is owned 66.5% by the Group via EDF Energy, correspond to CGN’s share. Non-controlling interests in Framatome, the group which was acquired on 31 December 2017 and is owned 75.5% by the Group via EDF SA, correspond to the 19.5% share held by Mitsubishi Heavy Industries and the 5% share held by Assystem.

Non-controlling interests in Luminus correspond to the investments held by Belgian local authorities. Non-controlling interests in EDF Investissements Groupe correspond to the investment held by Natixis Belgique Investissements. Other non-controlling interests in 2018 and 2019 principally comprised minority interests in Sizewell C Holding Co. and subsidiaries of the Edison and EDF Renewables subgroups. Other non-controlling interests also include instruments in the form of bonds convertible into shares, issued by the Dalkia group and subscribed by minority interests, amounting to a total €239 million at 31 December 2019 (€260 million in 2018).

30.5.2

Non-controlling interests in EDF Energy

The key financial indicators (100% basis) for EDF Energy Nuclear Generation Ltd. are as follows:

31/12/2019

31/12/2018

(in millions of euros)

Non-current assets

25,807

21,304

Current assets

3,649

3,289

TOTAL ASSETS

29,456 13,820 15,175

24,593 13,061 10,805

Equity

Non-current liabilities

Current liabilities

461

727

TOTAL EQUITY AND LIABILITIES

29,456

24,593

Sales

2,807

2,765 (106) (100)

Net income

(81) 841 328

Gains and losses recorded directly in equity Net cash flow from operating activities Net cash flow from investing activities Net cash flow from financing activities

649

(474)

(555) (113)

-

CASH AND CASH EQUIVALENTS – OPENING BALANCE

472

483 (19)

Net increase/(decrease) in cash and cash equivalents

(146)

Effect of currency fluctuations

17

1 7

Other

(14) 329

CASH AND CASH EQUIVALENTS – CLOSING BALANCE

472

Dividends paid to non-controlling interests

-

23

340

EDF | Universal registration document 2019

www.edf.fr