EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

United Kingdom

France*

Other

Total

(in millions of euros)

Obligations at 31/12/2018

29,201

8,248

1,030

38,479

Fair value of fund assets

(11,165)

(9,039)

(587)

(20,791)

PROVISIONS FOR EMPLOYEE BENEFITS AT 31/12/2018

18,036

(791)

443

17,688

Including: Provisions for employee benefits

18,036

146

443

18,625

Non-current financial assets

(937)

(937)

France comprises the two operating segments “France – Generation and Supply” and “France – Regulated activities” (see note 34.2). *

34.2

France (Regulated activities and Generation and Supply)

Given the strong similarities between their pension schemes, the two operating includes EDF and Enedis. Almost all of these companies’ employees have IEG segments “France – Generation and Supply” and “France – Regulated activities” status, including the special IEG pension and other IEG benefits. (see note 6.1) are combined here into a single subtotal, “France”, which primarily These benefits are described in note 1.3.21. Details of changes in the provisions 34.2.1

Provisions in the balance sheet

Obligations

Fund assets

(in millions of euros)

Balances at 31/12/2018 Net expense for 2019 Actuarial gains and losses Contributions to funds

29,201

(11,165)

18,036

1,436 4,151

(252)

1,184 2,504

(1,647)

-

-

-

Benefits paid

(1,478) 33,310

483

(995)

BALANCES AT 31/12/2019

(12,581)

20,729

34.2.2

Post-employment and other long-term employee benefit expenses

2019

2018

(in millions of euros)

Current service cost

(563)

(732)

Past service cost

-

-

Actuarial gains and losses – other long-term benefits Net expenses recorded as operating expenses

(205) (768)

17

(715)

Interest expense (discount effect)

(668)

(627)

Return on fund assets

252

221

Net interest expense included in financial result

(416)

(406)

EMPLOYEE BENEFIT EXPENSES RECORDED IN THE INCOME STATEMENT

(1,184)

(1,121)

Actuarial gains and losses – post-employment benefits

(4,151)

3,323 (259) 3,064 3,064

Actuarial gains and losses on fund assets

1,647

Actuarial gains and losses

(2,504) (2,504)

GAINS AND LOSSES ON EMPLOYEE BENEFITS RECORDED DIRECTLY IN EQUITY

353

EDF | Universal registration document 2019