EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Impacts on the 2019 consolidated cash flow statement

2019 as published IFRS 5 adjustments

2019 restated

(in millions of euros)

Operating activities: Consolidated net income

5,182 (454) 5,636

-

5,182 (497) 5,679

Net income of discontinued operations Net income of continuing operations

(43)

43

Impairment/(reversals)

403

-

403

Accumulated depreciation and amortisation, provisions and changes in fair value

8,328

30

8,358

Financial income and expenses

97

4

101 349

Dividends received from associates and joint ventures

349

- -

Capital gains/losses

(508) 1,581 (818)

(508) 1,532 (818)

Income taxes

(49)

Share in net income of associates and joint ventures

-

Change in working capital

452

23 51 (4)

475

Net cash flow from operations Net financial expenses disbursed

15,520

15,571

(798) (922)

(802) (915)

Income taxes paid

7

Net cash flow from continuing operating activities

13,800

54

13,854

Net cash flow from operating activities relating to discontinued operations

222

(54)

168

Net cash flow from operating activities

14,022

-

14,022

Investing activities: Acquisitions of equity investments, net of cash acquired Disposals of equity investments, net of cash transferred

(456)

- -

(456)

293

293

Investments in intangible assets and property, plant and equipment Net proceeds from sale of intangible assets and property, plant and equipment

(16,709)

(88)

(16,797)

94

- -

94

Changes in financial assets

1,294

1,294

Net cash flow from continuing investing activities

(15,484)

(88)

(15,572)

Net cash flow from investing activities relating to discontinued operations

(166)

88

(78)

Net cash flow from investing activities

(15,650)

-

(15,650)

Financing activities: Cash flows with shareholders

828

- - - - - - - - - - - -

828

Other cash flows from financing activities Net cash flow from continuing financing activities

1,414 2,242

1,414 2,242

Net cash flow from financing activities relating to discontinued operations

(19)

(19)

Net cash flow from financing activities

2,223

2,223

Net increase/(decrease) in cash and cash equivalents from continuing operations Net increase/(decrease) in cash and cash equivalents from discontinued operations

558

(34)

524

37

34

71

Net increase/(decrease) in cash and cash equivalents CASH AND CASH EQUIVALENTS – OPENING BALANCE

595

595

3,290

3,290

Net increase/(decrease) in cash and cash equivalents

595

595

Effect of currency fluctuations

(5) 17 37

(5) 17 37

Financial income on cash and cash equivalents

Effect of reclassifications

CASH AND CASH EQUIVALENTS – CLOSING BALANCE

3,934

3,934

1.4.2.2

Impact of the sale of Edison’s E&P operations on the consolidated financial statements at 31 December 2020

“Net income of discontinued operations” line), after impairment determined as the difference between the net consolidated value of the discontinued operation and the sale price including an estimation of the additional consideration (see note 10.8).

This sale reduced the EDF group’s net indebtedness by €187 million.

The impact at 31 December 2020 of the sale of the E&P operations (excluding the Algerian and Norwegian assets) is €(117) million on consolidated net income (the

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020