EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

22.3

Management compensation

The total compensation paid by EDF and controlled companies to the Group’s key management and governance personnel amounted to €11.9 million in 2020 (€12.6 million in 2019). This amount covered short-term benefits (basic salaries, performance-related salary, profit share and benefits in kind), special IEG post-employment benefits where relevant, and the corresponding employer contributions, plus any director’s fees. EDF’s key management and governance personnel benefit from no special pension system, starting bonus or severance payment entitlement except by contractual negotiation.

The Company’s key management and governance personnel are the Chairman and CEO, the members of the COMEX (Executive Committee) throughout 2020 or since their date of appointment if they joined the COMEX during the year, and the directors. Directors representing the employees receive no remuneration for their services.

Subsequent events Note 23

No developments have occurred since the year-end in addition to those presented in other notes.

Statutory Auditors’ fees Note 24

The following table sets forth the fees paid for work done by the Statutory Auditors and their network during 2020:

Deloitte network

KPMG network

Amount (excluding taxes)

Amount (excluding taxes)

%

%

(in thousands of euros)

Audit – Statutory audit, certification, review of company and consolidated accounts EDF

2,794

24.6 40.1 64.7

2,945

16.2 74.2 90.4

Controlled entities (1)

4,560 (3)

13,503 16,448

Sub-total

7,354

Non-audit services (2) EDF Controlled entities (1)

561

4.9

953 804

5.2 4.4 9.6

3,448 4,009

30.4 35.3 100

Sub-total

1,757

TOTAL

11,363

18,205

100

Fully consolidated subsidiaries and jointly controlled entities whose auditors’ fees are included in the consolidated income statement. (1) Services required by laws and regulations, and services supplied at the request of the Group. Non-audit services mainly correspond to (i) certifications of financial (2) and accounting information or Independent Reports on social, environmental and societal information required under Article L. 225-102-1 of the French Commercial Code, (ii) services relating to disposals of entities, (iii) tax services authorised by local legislation, and (iv) operating process reviews and information system consulting services that are unrelated to the production of accounting and financial information. The decrease results from a transfer between audit firms with no impact on the overall level of fees to the Group’s auditors, and a change of Statutory Auditor for (3) a significant French entity in the Group, which is now audited by the Group’s Statutory Auditors and another audit firm.

Statutory Auditors’ fees for 2019 The following table sets forth the fees paid for work done by the Statutory Auditors and their network during 2019:

Deloitte network

KPMG network

Amount (excluding taxes)

Amount (excluding taxes)

%

%

(in thousands of euros)

Audit – Statutory audit, certification, review of company and consolidated accounts EDF

2,709 8,104

19.2 57.4 76.6

2,822

17.1 70.6 87.7

Controlled entities (1)

11,654 14,476

Sub-total

10,813

Non-audit services (2) EDF Controlled entities (1)

883

6.3

867

5.3 7.0

2,425 3,308

17.1 23.4 100

1,152 2,020

Sub-total

12.3 100

TOTAL

14,121

16,496

Fully consolidated subsidiaries and jointly controlled entities whose auditors’ fees are included in the consolidated income statement. (1) Services required by laws and regulations, and services supplied at the request of the Group. Non-audit services mainly correspond to (i) certifications of financial (2) and accounting information or Independent Reports on social, environmental and societal information required under Article L. 225-102-1 of the French Commercial Code, (ii) services relating to disposals of entities, (iii) tax services authorised by local legislation, and (iv) operating process reviews and information system consulting services that are unrelated to the production of accounting and financial information.

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020