EDF / 2019 Universal registration document

6. Financial statements Financial statements

Financial liabilities Note 33

Balance at 31/12/2019

Balance at 31/12/2018

New borrowings

Translation adjustments

Repayments

Other

(in millions of euros)

Bonds (in euros)

1,013

- -

(181)

-

- -

832

Bonds (in other currencies) Euro-Medium Term Notes (EMTN) (in euros) (1) Euro-Medium Term Notes (EMTN) (in other currencies) (2) Long-term loans (in euros) Borrowings from financial institutions Negotiable debt instruments (in euros) (3) Negotiable debt instruments (non euro)  (3) Contractual financial borrowings Bonds

16,329

(2,860)

295

13,764

19,983

1,250

(300)

-

-

20,933

12,743 50,068

1,814 3,064

-

486 781

- - -

15,043 50,572

(3,341)

1,154

250

(115)

-

1,289

1,154

250

(115)

-

-

1,289

955

-

(170)

-

-

785

1,041

5 1 6

-

- - - - - - - - -

- - - - -

1,046

15

(2)

14

Other borrowings Total borrowings

2,011

(172)

1,845

53,233

3,320

(3,628)

781

53,706

Advances on consumption Miscellaneous advances  (4)

26

-

-

26

108 184

18

(11)

338

453

Bank overdrafts

- - -

- - -

(162)

22 16

Deferred bank debits

29

(13)

Interest payable

1,064 1,385

(116)

948

Total other financial liabilities TOTAL FINANCIAL LIABILITIES

18

(11)

47 47

1,439

54,644

3,338

(3,639)

781

55,171

On 2 December 2019, EDF launched a €1.25 billion senior bond issue (see note 2.2.4). (1) On 27 November 2019, EDF launched a €2 billion senior bond issue (see note 2.2.4). (2) Issues net of repayments. (3) Including €338 million relating to the 2020 Reset Perpetual Subordinated Notes on which EDF exercised its redemption option on 29 January 2020 (as part of a (4) tender offer concerning several existing hybrid bonds), which is classified in other financial liabilities at 31 December 2019.

Bond redemptions, totalling €3,341 million, concern bonds in euros and other currencies that have reached maturity.

33.1

Breakdown of loans by currency, before and after hedging instruments

Impact of hedging instruments

Debt structure in balance sheet

Debt structure after hedging

% Non-euro

% of debt

% Non-euro

% of debt

Non-euro In euros

Non-euro In euros

Non-euro In euros

(in millions of euros)

Total I – Euros

23,853

44

24,699

48,552

90

CHF GBP HKD

550

507

2

1

(550)

(507)

-

-

-

7,385 8,680

29

16

(3,000) (2,416)

(3,526)

4,385 5,154

100

10

2,416

276

1 4

1

(276)

- - - -

- - - -

- - - -

JPY

137,000 1,124

2 (137,000)

(1,124)

NOK USD

1,000

101

-

-

(1,000) (21,530)

(101)

- -

21,530 19,165

64

36

(19,165)

Total II - Non euro currencies

29,853 53,706

100

56

(24,699)

5,154

100

10

TOTAL I + II

100

-

53,706

100

The nominal value of hedging instruments included in off-balance sheet commitments (see note 35.1) has no effect on loans in the balance sheet.

444

EDF | Universal registration document 2019

www.edf.fr