EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS Consolidated financial statements

Consolidated financial statements 6.1

The Group’s consolidated financial statements for the year ended 31 December 2020, prepared under IAS-IFRS, are presented below. They will be submitted for approval at the General Shareholders’ Meeting to be held on 6 May 2021.

Consolidated income statement

2020

Notes

2019 (1)

(in millions of euros)

5.1 5.2

Sales

69,031 (32,425) (8,461) (13,957) (3,797)

71,347 (35,091) (8,625) (13,797) (3,798)

Fuel and energy purchases Other external expenses (2)

5.3

Personnel expenses

Taxes other than income taxes

5.4

Other operating income and expenses

5,783

6,687

Operating profit before depreciation and amortisation Net changes in fair value on energy and commodity derivatives, excluding trading activities

5

16,174

16,723

6

(175)

642

Net depreciation and amortisation (3)

(10,838)

(10,020)

10.8

(Impairment)/reversals

(799) (487) 3,875

(403) (185) 6,757

7

Other income and expenses

Operating profit

8.1 8.2 8.3

Cost of gross financial indebtedness

(1,610) (3,733)

(1,806) (3,161)

Discount effect

Other financial income and expenses

2,761

4,603 (364) 6,393

Financial result

8

(2,582)

Income before taxes of consolidated companies

1,293 (945)

9

Income taxes

(1,532)

12

Share in net income of associates and joint ventures

425

818

3.2

Net income of discontinued operations CONSOLIDATED NET INCOME

(158)

(497)

615 650 804

5,182 5,155 5,639

EDF net income

EDF net income – continuing operations EDF net income – discontinued operations

(154)

(484)

Net income attributable to non-controlling interests

(35) (31)

27 40

Net income attributable to non-controlling interests – continuing operations Net income attributable to non-controlling interests – discontinued operations

(4)

(13)

Earnings per share (EDF share) in euros:

14.7

Basic earnings per share Diluted earnings per share

0.05 0.05 0.10 0.10

1.50 1.50 1.67

Basic earnings per share of continuing operations Diluted earnings per share of continuing operations

1.67 In application of IFRS 5, the net income of discontinued operations is presented on a separate line of the income statement for the financial periods presented. The (1) impact of application of IFRS 5 on the published figures for 2019 is presented in note 1.4.2. Other external expenses are reported net of capitalised production costs. (2) Including net increases in provisions for renewal of property, plant and equipment operated under concessions. (3)

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020