EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

At 31 December 2018

Notional amount to be received at 31/12/2018

Notional amount to be given at 31/12/2018

Fair value

< 1 year

1-5 years > 5 years

Total

< 1 year

1-5 years > 5 years

Total 31/12/2018

(in millions of euros)

Forward transactions

3,223

2,017 6,570

4

5,244

3,215

1,989 6,689

5

5,209

2

Swaps

11,885

70 18,525 11,981

69 18,739

(98)

CURRENCY DERIVATIVES HELD FOR TRADING

15,108

8,587

74 23,769 15,196

8,678

74 23,948

(96)

45.3

Non-hedging commodity derivatives

Details of commodity derivatives not classified as hedges are as follows:

31/12/2019

31/12/2018

Net notional

Fair value

Unit of measure

Net notional

Fair value

(in millions of euros)

Swaps

(10)

366

3 4

502 (22)

Options

-

49

Forwards/futures

(7)

409 824

(50) (43)

(123)

Electricity

TWh

(17)

357

Swaps

(166) (720)

(219)

(510)

(515)

Options

49

32

185

Forwards/futures

(6,940) (7,826)

246

16,323 15,845 27,715

80

Gas

Millions of therms

76 11 (3)

(250)

Swaps

15,162

(82)

Options

(875)

500

1

Forwards/futures

3

-

(360)

(3)

Oil products

Thousands of barrels

14,290

8

27,855 (2,521)

(84)

Swaps

- - -

(1) (6)

6

Options

- -

(14)

Forwards/futures

-

-

Freight

2 2

(5)

3,232

(2)

Coal and freight

Millions of tonnes

(12)

711

(10)

Swaps

-

-

-

-

Options

(2,626) (38,978) (41,604)

(124)

(5,000) (56,433) (61,433)

(150) (446) (596)

Forwards/futures

(4)

CO 2

Thousands of tonnes

(128)

Swaps/options Forwards/futures

- - -

(56) (19) (75)

- - -

29

(87) (58)

Other commodities

Embedded commodity derivatives

-

-

-

-

NON-HEDGING COMMODITY DERIVATIVES

693

(641)

These mainly include contracts included in EDF Trading’s portfolio.

376

EDF | Universal registration document 2019

www.edf.fr