EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

Other information on financial assets and liabilities Note 42

42.1

Fair value of financial instruments

The following tables show the breakdown of financial assets and liabilities in the balance sheet, by level.

42.1.1

At 31 December 2019

Level 1 Unadjusted quoted prices

Level 2 Observable data

Level 3 Non-observable data

Balance sheet value

Fair value

(in millions of euros)

Financial assets at fair value through profit and loss  (1)

6,813

6,813

53

6,244

516 624

Debt and equity securities

46,157

46,157

3,733

41,800

Positive fair value of hedging derivatives Cash equivalents carried at fair value

5,759

5,759

15

5,731

13

236

236

156

80

-

FINANCIAL ASSETS CARRIED AT FAIR VALUE IN THE BALANCE SHEET

58,965 13,303

58,965 13,303

3,957

53,855 13,303

1,153

Loans and financial receivables – assets receivable from the NLF

- - - -

- - - - -

Loans and financial receivables – CSPE Other loans and financial receivables

684

688

688

2,904

2,904

2,904

FINANCIAL ASSETS CARRIED AT AMORTISED COST

16,891

16,895

16,895

Negative fair value of hedging derivatives Negative fair value of trading derivatives

1,830 6,327

1,830 6,327

5

1,825 5,914

38

375

FINANCIAL LIABILITIES CARRIED AT FAIR VALUE IN THE BALANCE SHEET

8,157

8,157

43

7,739

375

Loans and other financial liabilities  (2)

67,380 67,380

75,407 75,407

- -

75,407 75,407

- -

FINANCIAL LIABILITIES CARRIED AT AMORTISED COST

Including €6,813 million for the positive fair value of trading derivatives. (1) Loans and other financial liabilities are carried in the balance sheet at amortised cost, adjusted for changes in the fair value of risks covered by a fair value hedge. (2)

Level 3 debt and equity securities are principally non-consolidated investments carried at historical value.

Cash equivalents, which principally take the form of negotiable debt instruments and short-term investments, are generally valued using yield curves, and therefore observable market data.

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EDF | Universal registration document 2019