EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

4.1.2

At 31 December 2019

France – Generation and Supply

France – Regulated activities Framatome

United Kingdom Italy (5)

Other international

EDF Renewables Dalkia

Other activities (6)

Inter-segment eliminations

Total

(in millions of euros)

Income statement: External sales Inter-segment sales

- 71,347

26,658

16,072

1,895 9,570 7,565

2,507

1,043 3,732

2,305

-

1,212

15

1,482

4

32

183

522

549

423

(4,422)

TOTAL SALES

27,870 16,087

3,377 9,574 7,597

2,690

1,565 4,281

2,728

(4,422) 71,347

OPERATING PROFIT BEFORE DEPRECIATION AND AMORTISATION 7,615

5,101 1,892

527

772

593

339

1,193 349 670 (18)

505

(271) 16,723 (271) 6,757

OPERATING PROFIT

3,483

230 (349)

69

42

1,009

Balance sheet: Goodwill

- 10,623

72

223

1,341 7,965

103

33

199

544

143

Intangible assets and property, plant and equipment

- 163,722

58,275

63,499

2,591 19,034 5,410

2,226

9,773 2,288

626

Investments in associates and joint ventures (1)

6,414

2,593

-

90

127

104

2,058

1,063

75

304

-

Financial assets and cash (2)

- 79,554 - 39,309

51,246 18,526

407

276 14,693

485

533 790

1,351

260

10,303

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

5,233

2,132 5,352 1,678

861 2,001

2,736

3,662

-

-

-

-

1,737

1,925

-

-

-

-

TOTAL ASSETS

130,712 69,362

6,430 47,171 9,517

7,565 13,247 5,168 14,112

- 303,284

Other information: Net depreciation and amortisation (4)

- (10,020)

(4,047)

(3,200)

(263)

(1,009)

(427)

(269)

(474)

(259) (105)

(72) (23)

(403)

Impairment

(29)

-

(10)

(127)

(60)

-

(49)

-

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

9,324

117

42

163 6,622

262

398

922

279

519

-

- 16,797

6,091

4,610

210 3,352

376

227

1,608

275

48

(26,164) 67,380

68,192 62,121

2,002

342 5,323 1,723

8,315

5,746 1,691

210 129

- 67,380

783

233

224

762

93

2,695

340

external liabilities ●

intersegment ● liabilities (7)

6,071 - At 31 December 2019, 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 €26,018 million in the France – Generation and Supply segment (see note 18.1.2) (2) and the NLF receivable (see note 18.1.3) amounting to €13,303 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 (3) to the France-Regulated Activities segment, in the amount of €1,667 million (see note 13.3.4). Including net increases in provisions for renewal of property, plant and equipment operated under concessions. (4) The published figures for 2019 have been restated due to the impact of the change in the scope of E&P operations (see note 1.4.2). (5) Sales by the “Other activities” segment include the €1,026 million trading margin realised by EDF Trading. (6) The amount of intersegment liabilities corresponds to the Group’s central cash management (cash pooling by EDF SA, included in the France – Generation (7) and Supply segment) and financing of controlled subsidiaries, particularly EDF International (Other international segment) and EDF Energy (United Kingdom segment). 1,219 109 5,098 961 8,221 3,052 1,351 81 (26,164)

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020