EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

18.1.1

Breakdown between current and non-current financial assets

Current and non-current financial assets break down as follows:

31/12/2020

31/12/2019

Current Non-current

Total

Current Non-current

Total

(in millions of euros)

Instruments at fair value through OCI with recycling Instruments at fair value through OCI with no recycling Instruments at fair value through profit and loss

13,044

5,696

18,740

17,711

6,208

23,919

34

228

262

5

447

452

2,556

22,807 28,731

25,363 44,365

1,593

20,193 26,848

21,786 46,157

Debt and equity securities

15,634

19,309

Trading derivatives – Positive fair value Hedging derivatives – Positive fair value Loans and financial receivables* CURRENT AND NON-CURRENT FINANCIAL ASSETS

5,038 1,625 1,235

-

5,038 5,439

6,813 1,803 1,476

-

6,813 5,759

3,814

3,956

15,070

16,305

15,415

16,891

23,532

47,615

71,147

29,401

46,219

75,620

* Including impairment of €(432) million at 31 December 2020 (€(352) million at 31 December 2019).

18.1.2

Debt and equity securities

monetary and equity investment funds, and equity investments held by EDF Invest. The general management policy for dedicated assets and a breakdown of the portfolio is presented in note 15.1.2; assets managed according to a liquidity-oriented policy (“liquid assets”). ● These are financial assets consisting of funds or interest rate instruments with initial maturity of over three months that are readily convertible into cash. EDF’s monetary investment funds included in liquid assets amount to €2,441 million at 31 December 2020 (€409 million at 31 December 2019).

Details of debt and equity securities Financial assets are monitored and managed by the Group with two main objectives: dedicated assets set aside in France for secure financing of nuclear ● plant decommissioning expenses and long-term storage expenses for radioactive waste, as required by Article L. 594 of France’s Environment Code. These assets consist of diversified investments in bonds,

Details of debt and equity securities are shown in the table below:

31/12/2020

31/12/2019

At fair value through OCI with no recycling

At fair value through OCI with recycling

At fair value through profit and loss

Total

Total

(in millions of euros)

Debt and equity securities EDF dedicated assets

6,172

- -

22,226

28,398 15,028

26,018 18,900

Liquid assets Other assets*

12,509

2,519

59

262 262

618

939

1,240

TOTAL

18,740

25,363

44,365

46,157

* Investments in non-consolidated companies.

Changes in debt and equity securities

Net increases

Changes in fair value

Changes in scope

Translation adjustments

Other 31/12/2020

31/12/2019

(in millions of euros)

Instruments at fair value through OCI with recycling 23,919

(5,091)

143

-

(243)

12

18,740

Instruments at fair value through OCI with no recycling

452

1

(39) 819 923

(179)

-

27 31

262

Instruments at fair value through profit and loss TOTAL DEBT AND EQUITY SECURITIES

21,786

2,614

121

(8)

25,363

46,157 (2,476)

(58)

(251)

70 44,365

394

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020