EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

4.1.1

At 31 December 2020

France – Generation and Supply

France – Regulated activities Framatome

United Kingdom Italy

Other international

EDF Renewables Dalkia

Other activities (5)

Inter-segment eliminations

Total

(in millions of euros)

Income statement: External sales Inter-segment sales

69,031

27,112 16,178

1,900 1,395

9,041 5,937

2,242

1,069 3,729

1,823

-

-

1,249

50

-

30

178

513 483

304

(4,202)

TOTAL SALES

28,361 16,228 3,295 9,041 5,967

2,420

1,582 4,212 2,127 (4,202)

69,031

OPERATING PROFIT BEFORE DEPRECIATION AND AMORTISATION 7,412 5,206

534

823 683

380

848 290 354 (32)

261

(263) (263)

16,174

OPERATING PROFIT

2,270 1,893

269 (947)

134

98

99

3,875

Balance sheet: Goodwill

10,265

109

223

1,332

7,569

98

37

183 572

142

-

Intangible assets and property, plant and equipment Investments in associates and joint ventures (1)

169,393

60,773 65,383

2,603 20,537 5,286

2,127

9,782 2,255

647

-

6,794

2,859

-

65

119 156

1,991

1,197

75

332

-

Financial assets and cash (2)

77,417 39,726

52,134 19,901

339

263 14,833 400

654 662

1,727 170

6,897 2,574

- -

Other segment assets (3) Assets classified as held for sale

5,608

1,763

4,772 1,661

866 1,919

2,296

-

-

-

-

485

1,811 7,282

-

-

-

- -

TOTAL ASSETS

135,776 71,553 6,026 47,830 8,086

13,755 4,991 10,592

305,891

Other information: Net depreciation and amortisation (4)

(10,838)

(4,613)

(3,314)

(276)

(1,122)

(417)

(284)

(458)

(278)

(76)

- -

(799)

Impairment

(16)

-

-

(638)

(74)

-

(36)

(34)

(1)

Equity (non-controlling interests) Investments in intangible assets and property, plant and equipment Loans and other financial liabilities external liabilities ●

9,593

118

38

115

7,090 178

423

828 284

519

-

16,007

5,503

4,187

215

3,485 492

191

1,650 257

27

-

65,591 65,591

67,534 60,181

2,335

288 198

5,311 1,737

11,564

6,537 1,695 2,792 312

264 203

(31,674)

761

225 823

96

-

intersegment ● liabilities (6)

7,353 - At 31 December 2020, investments in associates and joint ventures include 50.1% of CTE (the joint venture holding RTE’s shares) which is part of the France – (1) Generation and Supply segment. Financial assets and cash mainly comprise dedicated assets amounting to €28,398 million in the France – Generation and Supply segment (see note 18.1.2) and (2) the NLF receivable (see note 18.1.3) amounting to €13,034 million in the United Kingdom segment. Other segment assets include inventories, trade receivables, other receivables and tax assets. By convention, the CSPE receivable is totally allocated to the (3) France-Regulated Activities segment, in the amount of €1,993 million (see note 13.3.4). 1,574 90 5,087 913 11,468 3,747 1,380 62 (31,674)

Including net increases in provisions for renewal of property, plant and equipment operated under concessions. (4) Sales by the “Other activities” segment include the €912 million trading margin realised by EDF Trading. (5)

The amount of intersegment liabilities corresponds to the Group’s centralised cash management (cash pooling by EDF SA, included in the France – Generation and (6) Supply segment) and financing of controlled subsidiaries, particularly EDF International (Other international segment) and EDF Energy (United Kingdom segment).

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020