EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Investments in associates and joint ventures Note 12

Investments in associates and joint ventures are as follows:

31/12/2020

31/12/2019

Share of net equity

Share of net income

Share of net equity

Share of net income

Ownership %

Notes

(in millions of euros)

Principal investments in associates CTE

12.1 12.2 12.3

50.10 30.00

1,378

237 n.c.

1,417 1,165 1,448

308

Taishan (TNPJVC)*

n.c.

13 59

Other investments held by EDF SA

n.a

1,742

-

Investments held by EDF Renewables

12.3

n.a

1,198

70

1,063

77

Other investments in associates and joint ventures

12.3

n.a

n.c.

n.c. 362

1,321 6,414

62

Subtotal

6,794

519

CENG (reclassified as assets held for sale)

3.2

49.99

n.a. n.a.

63

n.a n.a

288

3.1.2

Alpiq (sold on 28 May 2019)

n.a

n.a

11

Subtotal

63

299 818

TOTAL

6,794

425

6,414

n.a = not applicable. n.c. = not communicated. The financial data for Taishan at 31 December 2020 are not reported in this table as CGN (Taishan’s parent company) publishes its consolidated financial * statements later than the Group.

12.1

Coentreprise de Transport d’Électricité (CTE)

The key financial indicators for the CTE subgroup (on a 100% basis) are as follows:

31/12/2020

31/12/2019

(in millions of euros)

Non-current assets

19,202

18,568

Current assets

3,712

3,120

TOTAL ASSETS

22,914

21,688

Equity

2,750

2,829

Non-current liabilities

15,630

15,059

Current liabilities

4,534

3,800

TOTAL EQUITY AND LIABILITIES

22,914

21,688

Sales

4,729 1,914

4,856 2,181

Operating profit before depreciation and amortisation

Net income

473

615

Net indebtedness

12,700

12,256

Gains and losses recorded directly in equity

(188)

(279)

Dividends paid

367

313

CTE’s affiliate, RTE (Réseau de Transport d’Électricité), is responsible for managing the high voltage and very high voltage public electricity transmission network. Enedis uses RTE’s network to convey energy to the distribution network.

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020