EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

The main components of the amount transferred to operating profit before depreciation and amortisation in respect of commodity hedges terminated during the year are:

31/12/2019

31/12/2018

(in millions of euros)

Electricity hedging contracts

(753) 1,428

(388) (280) (109) (194)

Gas hedging contracts Coal hedging contracts

2

Oil product hedging contracts

(61) 103 719

CO 2 emission rights hedging contracts CHANGES IN FAIR VALUE BEFORE TAXES

183

(788)

Details of commodity-related cash flow hedges are as follows:

31/12/2019

31/12/2018

Net notional

Fair value

Net notional

Units of measure

< 1 year 1-5 years > 5 years

Total

Fair value

(in millions of euros)

Swaps

(9) (4)

-

- - - - - - - - - - - - - -

(9)

105 288 393 (24)

(4)

50

Forwards/futures

(36) (36)

(40) (49) 151

(51) (55)

(859) (809)

Electricity

TWh

(13)

Swaps

74

77

(190) 1,504 1,314

9

Forwards/futures

1,038 1,112 2,027

1,066 1,143 4,589

2,104 2,255 6,616

(373) (397)

25 34

Gas

Millions of therms

Swaps

7 10,402

(53)

Options

-

-

-

-

180

-

Oil products

Thousands of barrels

2,027

4,589

6,616

7 10,582

(53)

Swaps

- - -

(1) (1)

(1) (1)

1 1

- - -

- - -

Coal

Millions of tonnes

Swaps

-

-

-

Forwards/futures

15,710 10,956 15,710 10,956

26,666 26,666

44 13,488 44 13,488

183 183

CO 2

Thousands of tonnes

COMMODITY-RELATED CASH FLOW HEDGES

48

(645)

44.5

Commodity-related fair value hedges

Details of commodity-related fair value hedges are as follows:

31/12/2019

31/12/2018

Net notional

Fair value

Units of measure

Net notional

Fair value

(in millions of euros)

Millions of tonnes Thousands of barrels Millions of therms

Coal and freight

(415) 7,021

71 (5) (1) 65

(3)

2

Oil products

5,136

(23) (31) (52)

Gas

(2)

(93)

COMMODITY-RELATED FAIR VALUE HEDGES

374

EDF | Universal registration document 2019

www.edf.fr