EDF / 2019 Universal registration document

6. Financial statements Financial statements

Marketable securities Note 21

31/12/2019

31/12/2018

Variation

(in millions of euros)

Treasury shares

2

3

(1)

Investment funds*

410

2,868

(2,458)

Negotiable debt instruments (Euros or other currencies) maturing within 3 months Negotiable debt instruments (Euros or other currencies) maturing after 3 months

-

175

(175) (150)

3,318 8,206 2,757

3,468 7,969 2,430

Bonds

237 327

Accrued interest and other marketable securities

Total gross value

14,693

16,913

(2,220)

Provisions

(3)

(52)

49

TOTAL NET VALUE (2,171) * In compliance with the Green Bond Framework, EDF used the amounts reserved for Socially Responsible Investment funds to finance the EDF group’s eligible investments, and modified the allocation of the cash reserves, reducing the portion invested in investment funds in view of their lower returns. 14,690 16,861

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

31/12/2019

31/12/2018

Variation

(in millions of euros)

Marketable securities

14,693

16,913

(2,220)

Cash and cash equivalents

4,714

4,619

95

Sub-total in balance sheet assets

19,407

21,532 (2,868) (2,202)

(2,125)

Euro investment funds

(410)

2,458 1,134

Negotiable debt instruments (euro) maturing after 3 months Negotiable debt instruments (non euro) maturing within 3 months Negotiable debt instruments (non euro) maturing after 3 months

(1,068)

-

(175)

175

(2,250) (8,206)

(1,266) (7,969)

(984) (237)

Bonds

Treasury shares

(2)

(3)

1

Accrued interest and other marketable securities Marketable securities included in financial assets in the cash flow statement

(2,757)

(2,430)

(327)

(14,693)

(16,913)

2,220

Cash advances to subsidiaries (cash pooling agreements) included in “other operating receivables” in the balance sheet Cash advances from subsidiaries (cash pooling agreements) included in “other operating liabilities” in the balance sheet Cash and cash equivalents, closing balance in the cash flow statement*

-

-

-

(4,794)

(6,182) (1,563)

1,388 1,483

(80)

Elimination of the effect of currency fluctuations

(15) (31)

Elimination of net financial income on cash and cash equivalents NET VARIATION IN CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT*

1,437

*

See the cash flow statement.

As of 2018, the cash positions of all subsidiaries in the cash flow statement are classified by reference to criteria of autonomy. An entity is considered non-autonomous when it is a holding company, generates the majority of its sales with EDF Group entities, or does not have the status of employer. The main subsidiaries classified as non-autonomous are C2,C3, EDF Holding et EDF International, and the main subsidiaries classified as autonomous are Enedis, PEI, Sofilo and GGF.

In the cash flow statement, the cash positions of autonomous subsidiaries are presented as a deduction from “Cash and cash equivalents”. The cash positions of non-autonomous subsidiaries are included in the components of the changes in working capital.

430

EDF | Universal registration document 2019

www.edf.fr