EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS Notes to the financial statements

Notes to the financial statements Électricité de France SA (EDF), the parent company of the EDF group, is a French société anonyme governed by French law and registered in France (22-30 avenue de Wagram, 75008 Paris), operating in electricity generation and electricity and gas supply. EDF also covers all the business activities of the Island Energy Systems (SEI) for Corsica and France’s overseas departments.

Note 1

Accounting principles and methods

429 429 429 430 430 430 431 431 432 432 433 433 433 433 433 433 434 435 435 435 436 436 439 441 441 442 442 442 443 443 443 444 444 444

Note 7

Other operating income and transfers of charges

447

Accounting standards 1.1

Managment judgments and estimates 1.2

Note 8

Purchases and other external expenses

447

Sales 1.3

Intangible assets 1.4

Note 9

Taxes other than income taxes

447

Property, plant and equipment 1.5 Long-term asset impairment 1.6

Personnel expenses Note 10

448

Financial assets 1.7

Operating depreciation, amortisation Note 11 and provisions

Inventories and work-in-progress 1.8

448 448 448

Accounts receivable and marketable securities 1.9 Bond issuance expenses and redemption premiums 1.10 Unrealised foreign exchange gains and losses 1.11

Depreciation and amortisation 11.1 Provisions and impairment 11.2

Tax-regulated provisions 1.12

Other operating expenses Note 12

449

Additional equity 1.13

Financial result Note 13

449

Special concession liabilities 1.14

Provisions other than employee benefit provisions 1.15

Exceptional result Note 14

449

Employee benefits 1.16

Derivatives 1.17

Income taxes Note 15

450 450 450 450

Commodity contracts 1.18

Tax group 15.1

Environment 1.19

Income tax payable 15.2

Deferred taxes 15.3

Note 2

Significant events and transactions

(including the effects of the Covid-19 pandemic)

Gross values of intangible Note 16 and tangible fixed assets Depreciation, amortisation Note 17 and impairment of intangible and tangible fixed assets

451

Consequences of the Covid-19 pandemic 2.1

Nuclear developments 2.2

Commissioning of EDF’s new hydropower plant 2.3 at Romanche-Gavet (Isère)

452 452 453 453 454 455 455 455 456

Financing operations 2.4

Impairment tests on assets 17.1

Note 3

Regulatory changes in France

Financial assets Note 18 Change in financial assets 18.1 Subsidiaries and investments of 18.2 at least 50% of capital

France’s multi-year energy programme (PPE) 3.1 Regulated electricity sales tariffs in France 3.2 (“Blue” tariffs)

Supplier commissioning 3.3 Electricity Equalisation fund 3.4

Subsidiaries and investments under 50% of capital 18.3

Investment securities portfolio 18.4

Compensation for public energy charges (CSPE) 3.5

Treasury shares 18.5

Capacity mechanism 3.6

Financial loans and receivables related to investments 18.6

Energy savings certificates 3.7

Inventories and work-in-progress Note 19

456

ARENH 3.8

Note 4

Sales

445

Other current assets and cash Note 20

456

Note 5

Operating subsidies

446

Marketable securities Note 21

457

Note 6

Reversals of provisions and impairment

446

427

EDF - UNIVERSAL REGISTRATION DOCUMENT 2020