EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

42.1.2

At 31 December 2018

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)

6,404

6,404

569

5,497

338 599

Debt and equity securities

43,511

43,511

2,442

40,470

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

4,383

4,383

68

4,315

- -

435

435

181

254

FINANCIAL ASSETS CARRIED AT FAIR VALUE IN THE BALANCE SHEET

54,733

54,733

3,260

50,536

937

Loans and financial receivables – assets receivable from the NLF

9,220 2,060 2,669

9,220 2,080 2,669

- - - -

9,220 2,080 2,669

- - - - -

Loans and financial receivables – CSPE Other loans and financial receivables

FINANCIAL ASSETS CARRIED AT AMORTISED COST

13,949

13,969

13,969

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

2,948 7,160

2,948 7,160

96

2,852 6,274

554

332

FINANCIAL LIABILITIES CARRIED AT FAIR VALUE IN THE BALANCE SHEET

10,108 59,188 59,188

10,108 63,772 63,772

650

9,126

332

Loans and other financial liabilities  (2)

- -

63,772 63,772

- -

FINANCIAL LIABILITIES CARRIED AT AMORTISED COST

Including €6,404 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)

42.2

Offsetting of financial assets and liabilities

42.2.1

At 31 December 2019

Amounts covered by a general offsetting agreement but not offset under IAS 32

Balance with offsetting under IAS 32

Gross amount recognised (before offsetting)

Gross amount offset under IAS 32

Net amount recognised after offsetting under IAS 32

As reported in balance sheet

Balance without offsetting

Fair value of financial collateral

Financial instruments

(in millions of euros)

Net amount

Fair value of derivatives – assets

12,572 (8,157)

3,752

13,300 (4,480)

8,820

(1,298)

(3,097)

4,425

Fair value of derivatives – liabilities

(3,785)

(8,852)

4,480

(4,372)

1,298

531

(2,543)

42.2.2

At 31 December 2018

Amounts covered by a general offsetting agreement but not offset under IAS 32

Balance with offsetting under IAS 32

Gross amount recognised (before offsetting)

Gross amount offset under IAS 32

Net amount recognised after offsetting under IAS 32

As reported in balance sheet

Balance without offsetting

Fair value of financial collateral

Financial instruments

(in millions of euros)

Net amount

Fair value of derivatives – assets

10,787

218

16,481 (5,912)

10,569 (9,260)

(1,711)

(960)

7,898

Fair value of derivatives – liabilities

(10,108)

(848)

(15,172)

5,912

1,711

959

(6,590)

370

EDF | Universal registration document 2019

www.edf.fr