EDF / 2019 Universal registration document

6. Financial statements Financial statements

Notes to the financial statements

Note 1

Accounting principles and methods

405 405 405 406 406 406 407 407 408 408 408 409 409 409 409 409 410 411 411 411 412 412 413 414

Note 9

Taxes other than income taxes

420

Accounting standards 1.1

Personnel expenses Note 10

421

Management judgments and estimates 1.2

Sales 1.3

Operating depreciation, amortisation Note 11 and provisions

Intangible assets 1.4

421 421 421

Property, plant and equipment 1.5 Long-term asset impairment 1.6

Depreciation and amortisation 11.1 Provisions and impairment 11.2

Financial assets 1.7

Other operating expenses Note 12

422

Inventories and work-in-progress 1.8

Accounts receivable and marketable securities 1.9 Bond issuance expenses and redemption premiums 1.10 Unrealised foreign exchange gains and losses 1.11

Financial result Note 13

422

Exceptional result Note 14

422

Tax-regulated provisions 1.12

Income taxes Note 15

423 423 423 423 423

Additional equity 1.13

Special concession liabilities 1.14

Tax group 15.1

Provisions other than employee benefit provisions 1.15

Income tax payable 15.2

Employee benefits 1.16

Tax credit for competitivity and employment (CICE) 15.3

Derivatives 1.17

Deferred taxes 15.4

Commodity contracts 1.18

Balance sheet

424

Environment 1.19

Gross values of intangible Note 16 and tangible fixed assets Depreciation, amortisation Note 17 and impairment of intangible and tangible fixed assets

Note 2

Significant events and transactions

424

Nuclear developments 2.1 Financing operations 2.2

“Ero 2019” employee reserved offer 2.3

425 425 426 426 427 428 428 428 429

Note 3

Regulatory changes in France

414

Impairment tests on assets 17.1

France’s multi-year energy programme (PPE) 3.1 and The Energy and Climate law Regulated electricity sales tariffs in France – 3.2 “Blue” tariffs

414

Financial assets Note 18 Change in financial assets 18.1 Subsidiaries and investments of 18.2 at least 50% of capital

416 416 417 417 417 418 418

Supplier commissioning 3.3 Electricity Equalisation Fund 3.4 Compensation for public energy 3.5 service charges (CSPE)

Subsidiaries and investments under 50% 18.3

Investment securities portfolio 18.4 Variation in treasury shares 18.5

Capacity mechanism 3.6

Financial loans and receivables related to investments 18.6

Energy savings certificates 3.7

ARENH 3.8

Inventories and work-in-progress Note 19

429

Income statement

419

Other current assets Note 20

429

Note 4

Sales

419

Marketable securities Note 21

430

Note 5

Operating subsidies

419

Variation in cash and cash equivalents Note 22 reported in the cash flow statement

430

Note 6

Reversals of provisions and impairment

419

Unrealised foreign exchange losses Note 23

431

Note 7

Other operating income and transfers of charges

420

Changes in equity Note 24

431 431 431

Share capital 24.1

Note 8

Purchases and other external expenses

420

Dividends 24.2

Additional equity Note 25

432

403

EDF | Universal registration document 2019