EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS Consolidated financial statements

Change in consolidated equity

Details of the change in equity between 1 January and 31 December 2020 are as follows:

Fair value adjustment of financial instruments (OCI with recycling) (2)

Other consolidated

Equity (non-con- trolling interests)

reserves and net income (3)

Equity (EDF share)

Total equity

Treasury shares

Translation adjustments (1)

Capital

(in millions of euros)

EQUITY RESTATED UNDER IFRIC 23 AT 01/01/2019 Gains and losses recorded in equity

1,505

(56)

215 (1,856)

44,651 44,459

8,177 52,636

- -

- -

822

658

(2,738)

(1,258)

336

(922) 5,182

Net income

-

-

5,155

5,155

27

Consolidated comprehensive income

-

-

822

658

2,417

3,897

363

4,260

Payments on perpetual subordinated bonds

-

-

-

-

(589)

(589)

-

(589)

Issuance/Redemption of perpetual subordinated bonds

- -

- -

- -

- -

(1,125)

(1,125)

-

(1,125) (1,096)

Dividends paid

(941)

(941)

(155)

Purchases/sales of treasury shares Capital increase by EDF (see note 14.1) EQUITY AS PUBLISHED AT 31/12/2019 Gains and losses recorded in equity Other changes (4)

-

(8)

-

-

-

(8)

-

(8)

47

- -

- -

- -

834

881

-

881 831

-

(108)

(108)

939

1,552

(64)

1,037 (1,198)

45,139 46,466

9,324 55,790

- -

- -

(1,908)

82

(1,346)

(3,172)

(377)

(3,549)

Net income

-

-

650

650

(35)

615

Consolidated comprehensive income

-

-

(1,908)

82

(696)

(2,522)

(412)

(2,934)

Payments on perpetual subordinated bonds

-

-

-

-

(501)

(501)

-

(501)

Issuance/Redemption of perpetual subordinated bonds and OCEANEs (see notes 14.4 and 15) Purchases/sales of treasury shares Capital decrease by EDF (see note 14.1) Dividends paid

- -

- -

- -

- -

2,207

2,207

-

2,207 (271)

-

-

(271)

-

1

-

-

-

1

-

1

(2)

53

- -

- -

(51) (18)

-

-

-

Other changes (5)

-

-

(18)

952

934

EQUITY AT 31/12/2020 9,593 55,226 Changes in translation adjustments amount to €(1,908) million at 31 December 2020. This variation is due to the depreciation of the pound sterling and the dollar (1) against the euro. Changes in reserves recorded in OCI (Other Comprehensive Income) with recycling are shown in the Statement of Comprehensive Income. They correspond to the (2) effects of fair value adjustments of debt securities and financial instruments hedging cash flows and net foreign investments, and amounts recycled to profit and loss in respect of terminated contracts and debt instruments transferred. Fair value changes recorded in OCI with no recycling are presented in this column. (3) In 2019, “Other changes” in equity (non-controlling interests) include the effect of capital increases funded by CGN for NNB Holding Ltd. and Sizewell C Holding (4) Co. amounting to €967 million. In 2020, “Other changes” in equity (non-controlling interests) include the effect of capital increases funded by CGN for NNB Holding Ltd. and Sizewell C Holding (5) Co. amounting to €998 million. 1,550 (10) (871) (1,116) 46,080 45,633

300

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020