EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

18.2

Cash and cash equivalents

Accounting principles and methods Cash and cash equivalents comprise immediately available liquidities and very short-term investments that are readily convertible ( e.g. in monetary funds) into a known amount of cash, usually maturing within three months or less of the acquisition date, and with negligible risk of fluctuation in value. These items are held to cover short-term obligations rather than for short-term investments

or other purposes. When they mature in more than 3 months, they are included

in Liquid assets in Debt and equity securities (see note 18.1.2).

“Cash equivalents” are recorded at fair value, with changes in fair value included in the heading “Other financial income and expenses”.

Cash and cash equivalents include the following amounts recorded in the balance sheet:

31/12/2020

31/12/2019

(in millions of euros)

Cash

5,832

3,698

Cash equivalents

438

236

CASH AND CASH EQUIVALENTS

6,270

3,934

Cash restrictions Cash and cash equivalents include €242 million of cash subject to restrictions at 31 December 2020 (€213 million at 31 December 2019) (see note 1.3.5).

18.3

Financial liabilities

Accounting principles and methods Loans and other financial liabilities are carried at amortised cost, adjusted for changes in the value of the risks hedged when they are covered by a fair value hedge (see note 18.7). Interest expenses are calculated at the effective interest

rate and recorded in the income statement in “Cost of gross financial

indebtedness” over the duration of the loan or financial liability.

18.3.1

Breakdown between current and non-current financial liabilities

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

31/12/2020

31/12/2019

Non-current

Current

Total

Non-current

Current

Total

(in millions of euros)

Loans and other financial liabilities Trading derivatives – negative fair value* Hedging derivatives – negative fair value*

54,066

11,525

65,591

56,306

11,074

67,380

-

5,125

5,125 2,792

-

6,327 1,134

6,327 1,830

1,833

959

696

FINANCIAL LIABILITIES

55,899

17,609

73,508

57,002

18,535

75,537

See note 18.7. *

18.3.2

Loans and other financial liabilities

18.3.2.1

Changes in loans and other financial liabilities

Loans from financial institutions

Other financial liabilities

Lease liability

Accrued Interest

Bonds

Total

(in millions of euros)

Balances at 31/12/2019

52,448

3,139

5,952 3,235

4,510

1,331

67,380

Increases Decreases

2,531

835

479

129

7,209

(3,769)

(371) (119) (206)

(2,293)

(719)

(215)

(7,367)

Translation adjustments

(440)

(210)

(44) (20)

(6) (2)

(819) (265) (632)

Changes in scope of consolidation

(18)

(19) (81) (13)

Changes in fair value

(554)

3

-

-

Other changes

(2)

16

101

(17)

85

BALANCES AT 31/12/2020

50,196

3,297

6,571

4,307

1,220

65,591

396

www.edf.fr

EDF - UNIVERSAL REGISTRATION DOCUMENT 2020