EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Provisions related to nuclear generation Note 15 and dedicated assets Provisions related to nuclear generation and 15.1 dedicated assets in France

Financial indicators Note 19

407 407 408

365

Net income excluding non-recurring items 19.1

Net indebtedness 19.2

367 378 380 381 382

Sustainable development Note 20 and climate action

EDF Energy’s nuclear provisions 15.2 Nuclear provisions in belgium 15.3

409 409 410 410

Regulatory expenses 20.1

Provisions for employee benefits Note 16 Group provisions for employee benefits 16.1

Valuation of assets and liabilities 20.2

Sustainable financing 20.3

France (regulated activities, 16.2 and generation and supply)

Sustainable investments, research and development, 20.4 and other expenditure for protection of the environment and the climate

387 389

United Kingdom 16.3

410

Other provisions Note 17

Off-balance sheet commitments Note 21

412 412 416

and contingent liabilities

390 390 390 391 393 393 396 396 400 400 401 402

Commitments given 21.1 Commitments received 21.2 Related parties Note 22 Transactions with entities 22.1 Relations with the French State 22.2 and State-owned entities Management compensation 22.3

Other provisions for decommissioning 17.1

Other provisions 17.2

417

Contingent liabilities 17.3

Financial assets and liabilities Note 18

included in the scope of consolidation

417

Financial assets 18.1

417 418

Cash and cash equivalents 18.2

Financial liabilities 18.3 Unused Credit lines 18.4

Subsequent events Note 23

418

Fair value of financial instruments 18.5 Market and counterparty risks 18.6 Derivatives and hedge accounting 18.7

Statutory Auditors’ fees Note 24

418

Notes to the consolidated financial statements Électricité de France (EDF or the “Company”) is a French société anonyme governed by French law, and registered in France (22-30, avenue de Wagram, 75008 Paris). The consolidated financial statements reflect the accounting position of the Company and its subsidiaries (which together form the “Group”) and the Group’s interests in associates, joint arrangements classified as joint operations, and joint ventures, for the year ended 31 December 2020.

thermal energy, etc.), transmission, distribution, supply, trading, energy services, production of equipment and fuel assemblies, and reactor services. The Group’s consolidated financial statements at 31 December 2020 were prepared under the responsibility of the Board of Directors and approved by the directors at the Board meeting held on 17 February 2021. They will become final after approval at the General Shareholders’ Meeting to be held on 6 May 2021.

The Group is an integrated energy operator engaged in all aspects of the energy business: power generation (nuclear power, hydropower, wind and solar power,

302

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020