EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

14.7

Basic earnings per share and diluted earnings per share

The diluted earnings per share is calculated by dividing the Group’s share of net income, corrected for dilutive instruments and the payments made during the year to bearers of perpetual subordinated bonds, by the weighted average number of potential shares outstanding over the period after elimination of treasury shares. The following table shows the reconciliation of the basic and diluted earnings used to calculate earnings per share (basic and diluted), and the variation in the weighted average number of shares used in calculating basic and diluted earnings per share:

2020

2019*

(in millions of euros)

Net income attributable to ordinary shares EDF net income from continuing operations ● EDF net income from discontinued operations ● Payments on perpetual subordinated bonds Net income used to calculate earnings per share

650 804

5,155 5,639 (484) (589) 4,566 5,050 (484) 4,566 5,050 (484) -

(154) (501)

149 303

from continuing operations ● from discontinued operations ●

(154)

Cancellation of the effect of dilutive instruments

1

Net income used to calculate diluted earnings per share

150 304

from continuing operations ● from discontinued operations ●

(154)

Average weighted number of ordinary shares outstanding during the year

3,106,323,609

3,029,504,511

Effect of dilutive instruments

9,149,131

-

Average weighted number of diluted shares outstanding during the year

3,115,472,740

3,029,504,511

Earnings per share (in euros) : BASIC EARNING PER SHARE DILUTED EARNINGS PER SHARE

0.05 0.05 0.10 0.10

1.50 1.50 1.67 1.67

BASIC EARNINGS PER SHARE OF CONTINUING OPERATIONS DILUTED EARNINGS PER SHARE OF CONTINUING OPERATIONS BASIC EARNINGS PER SHARE OF DISCONTINUED OPERATIONS DILUTED EARNINGS PER SHARE OF DISCONTINUED OPERATIONS

(0.05) (0.05)

(0.17) (0.17)

Restated for the impacts of IFRS 5 due to the change in scope of E&P operations (see note 1.4.2). *

On 8 September 2020, EDF issued unsecured senior Green Bonds convertible into conversion of these bonds, which is possible from 15 December 2020. The impact on new shares and/or exchangeable for existing shares of the Company ( OCEANEs the net income used to calculate diluted earnings per share for 2020 is not Vertes, see note 18.3.2.2). The diluted earnings per share incorporates the impact of significant.

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020