EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Non-controlling interests in EDF Energy Nuclear Generation Ltd. (formerly British Energy), which is owned 80% by the Group via EDF Energy, correspond to Centrica’s share. Non-controlling interests in NNB Holding Limited, the holding company for the Hinkley Point C project, which is owned 66.5% by the Group via EDF Energy, correspond to CGN’s share. Non-controlling interests in EDF Investissements Groupe correspond to the investment held by Natixis Belgique Investissements. Non-controlling interests in Luminus correspond to the investments held by Belgian local authorities.

Non-controlling interests in Framatome, owned 75.5% by the Group via EDF SA, correspond to the 19.5% share held by Mitsubishi Heavy Industries and the 5% share held by Assystem. Other non-controlling interests principally consist of the minority interests in Sizewell C Holding Co., owned 80% by the Group via EDF Energy, and subsidiaries of the Edison and EDF Renewables subgroups. Other non-controlling interests also include instruments in the form of bonds convertible into shares, issued by the Dalkia group and subscribed by minority interests, amounting to a total €202 million at 31 December 2020 (€239 million in 2019).

14.6.2

Non-controlling interests in EDF Energy

The key financial indicators (100% basis) for EDF Energy Nuclear Generation Ltd. are as follows:

31/12/2020

31/12/2019

(in millions of euros)

Non-current assets

23,317

25,807

Current assets

4,399

3,649

TOTAL ASSETS

27,716 12,630 14,741

29,456 13,820 15,175

Equity

Non-current liabilities

Current liabilities

345

461

TOTAL EQUITY AND LIABILITIES

27,716

29,456

Sales

3,091 (455) (735)

2,807

Net income

(81) 841 328

GAINS AND LOSSES RECORDED DIRECTLY IN EQUITY

Net cash flow from operating activities Net cash flow from investing activities Net cash flow from financing activities

982

(380) (335)

(474)

-

CASH AND CASH EQUIVALENTS – OPENING BALANCE

329 267 (11)

472

Net increase/(decrease) in cash and cash equivalents

(146)

Effect of currency fluctuations

17

Other

-

(14) 329

CASH AND CASH EQUIVALENTS – CLOSING BALANCE

585

Dividends paid to non-controlling interests

68

-

363

EDF - UNIVERSAL REGISTRATION DOCUMENT 2020