EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Notes to the consolidated financial statements

Note 1

Group accounting policies

303

Property, plant and equipment Note 10 and intangible assets (excluding French public electricity distribution concession assets)

Declaration of conformity 1.1

and Group accounting policies

303 303 304

336 336 337

Changes in accounting standards 1.2

Goodwill 10.1

Basis for preparation of the financial statements 1.3

Other intangible assets 10.2

Comparability (including the effect 1.4 of the Covid-19 pandemic)

306

Property, plant and equipment used in generation 10.3 and other tangible assets owned by the Group

339 340

Note 2

Summary of significant events

312

Right-of-use assets 10.4

Property, plant and equipment operated under 10.5 concessions other than French public electricity distribution concessions

Note 3

Scope of consolidation

313 313 314 315 319 319

Changes in the scope of consolidation 3.1

341 342

Discontinued operations 3.2

Assets in progress 10.6

Scope of consolidation at 31 December 2020 3.3

Investments in intangible assets and property, 10.7 plant and equipment

345 345

Note 4

Segment reporting

Impairment/reversals 10.8

Reporting by operating segment 4.1 Sales to external customers, 4.2 by product and service group

French public electricity Note 11 distribution concessions

350

322

Property, plant and equipment operated under 11.1 French public electricity distribution concessions Special French public electricity distribution 11.2 concession liabilities Investments in associates Note 12 and joint ventures Coentreprise de Transport d’Électricité (CTE) 12.1

Note 5

Operating profit before depreciation

351

and amortisation

322 324 328 329 329

352

Sales 5.1

Fuel and energy purchases 5.2

Personnel expenses 5.3

353 353 354 354 355 355 356 357 359 359 360 360 360 361 361 362 362

Other operating income and expenses 5.4

Note 6

Net changes in fair value on energy

Taishan 12.2

and commodity derivatives, excluding trading activities

Other investments in associates and joint ventures 12.3

331

Working capital Note 13

Note 7

Other income and expenses

332

Working capital: composition and change 13.1

Inventories 13.2

Note 8

Financial result

332 332 332 333 333 334

Trade receivables 13.3 Trade payables 13.4 Other liabilities 13.5

Cost of gross financial indebtedness 8.1

Discount effect 8.2

Other financial income and expenses 8.3

Equity and basic earnings per share Note 14 and diluted earnings per share

Note 9

Income taxes

Breakdown of tax expense 9.1 Reconciliation of the theoretical 9.2

Share capital 14.1 Treasury shares 14.2

and effective tax expense (tax proof)

334 335

Dividends 14.3

Change in deferred tax assets and liabilities 9.3

Perpetual subordinated bonds 14.4 Convertible Green Bonds (OCEANEs) 14.5 Non-controlling interests (minority interests) 14.6

Breakdown of deferred tax assets 9.4 and liabilities by nature

335

Basic earnings per share 14.7

and diluted earnings per share

364

301

EDF - UNIVERSAL REGISTRATION DOCUMENT 2020