EDF / 2019 Universal registration document

6. Financial statements Financial statements

On 19 November 2019, EDF’s Board of Directors decided to distribute an interim dividend of €0.15 per share in respect of 2019. This interim dividend amounting to a total of €458 million was paid out in the form of new shares (scrip option) or cash on 17 December 2019.

The French government opted for the scrip interim dividend for 2019. The amount of the cash dividend paid to shareholders who did not opt for the scrip interim dividend for 2019 amounted to €27 million.

Additional equity Note 25

perpetual subordinated bonds issued by EDF in November 2019, valued at ■ €496 million (€500 million nominal, net of a €4 million redemption premium) (see note 2.2.2). This net amount includes the effects of foreign currency variations, redemption premiums and the related amortisation. Payments to bearers of perpetual subordinated bonds amount to €549 million at 31 December 2019 (€551 million at 31 December 2018). This expense is recorded in “Expenses on long-term financial liabilities after hedging” (see note 13).

Additional equity at 31 December 2019 amounts to a net €9,781 million and consists of: perpetual subordinated bonds issued by EDF in January 2013 and January 2014 ■ at the value of €4,569 million and €3,466 million respectively; perpetual subordinated bonds issued by EDF in September 2018, valued at ■ €1,250 million;

PERPETUAL SUBORDINATED BONDS (in millions of currency units)

Issue date

Amount

Currency

Redemption option

Rate

01/2013 01/2013 01/2013 01/2014 01/2014 01/2014 01/2014 10/2018 11/2019

1,250 1,250 2,098 1,500

EUR GBP USD USD EUR EUR GBP EUR EUR

12 years 13 years 10 years 10 years 8 years 12 years 15 years 6 years 8 years

5.38% 6.00% 5.25% 5.63% 4.13% 5.00% 5.88% 4.00% 3.00%

267

1,000

750

1,250

500

Special concession liabilities Note 26

31/12/2019

31/12/2018

(in millions of euros)

Value in kind of assets Revaluation difference Additional depreciation

106 815 280

108 840 240

Rights in hydropower concession assets

1,201 1,839

1,188 1,746

Value in kind of assets

Unamortised financing by the operator Amortisation of grantor financing

(1,157)

(1,073)

344

332

Contributions received for concessionary plant assets under construction

7

6

Rights in public distribution concession assets* TOTAL SPECIAL CONCESSION LIABILITIES

1,033 2,234

1,011 2,199

Rights in public distribution concession assets concern the Island Energy Systems (SEI) public electricity distribution concessions. *

432

EDF | Universal registration document 2019

www.edf.fr