EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS Notes to the financial statements

Financial liabilities Note 33

Balance at 31/12/2020

Balance at 31/12/2019

New borrowings Repayments

Translation adjustments

Other

(in millions of euros)

Bonds (in euros) (1) Bonds (in non-euro)

832

2,400

-

-

- - - - - - - - - - - - -

3,232

13,764 20,933 15,043 50,572

- - -

(2,534) (1,200)

(938)

10,292 19,733 14,089 47,346

-

Euro-Medium Term Notes (EMTN) (in euros) Euro-Medium Term Notes (EMTN) (in non-euro)

-

(954)

Bonds

2,400

(3,734)

(1,892)

1,289 1,289

200 200

(149) (149)

- - -

1,340 1,340 2,071

Long-term loans (in euros)

Borrowings from financial institutions Negotiable debt instruments (in euros) Negotiable debt instruments (non-euro)

785

1,286

-

1,046

-

(760)

(72)

214 833

Contracual financial borrowings

14

7,353 8,639

(6,397) (7,157) (11,040)

(137) (209)

1,845

3,118

Other borrowings (2) Total borrowings

53,706

11,239

(2,101)

51,804

Advances on consumption Miscellaneous advances (3)

26

-

-

- - - - - -

26

453

38

(43)

(338)

110

Bank overdrafts

22 16

- - -

- - -

13 (8)

35

Deferred bank debits

8

Interest payable

948

(76)

872

Total other financial liabilities TOTAL FINANCIAL LIABILITIES

1,439

38

(43)

(409) (409)

1,025

55,171 52,855 On 8 September 2020 EDF, EDF issued a €2.4 billion bond convertible into new shares and/or exchangeable for existing shares of the Company (see note 2.4.1). (1) In 2020 EDF transferred bonds to several banks under repurchase agreements. At 31 December 2020 the cash received net of repayments already made (2) amounts to €821 million, with a corresponding financial liability (see note 20 (4)). In 2020, issues of negotiable debt instruments, net of repayments, amount to €454 million. Including €(338) million relating to the 2020 Reset Perpetual Subordinated Notes on which EDF exercised its redemption option on 29 January 2020 (3) (as part of a redemption offer concerning several existing hybrid bonds), which was classified in other financial liabilities at 31 December 2019. 11,277 (11,083) (2,101)

33.1

Breakdown of loans by currency, before and after hedging instruments

Impact of hedging instruments

Debt structure in balance sheet

Debt structure after hedging

% Non-euro

% of debt

% Non-euro

% of debt

Non-euro In euros

Non-euro In euros Non-euro In euros*

(in millions of euros)

Total I – Euros

26,888

52

19,718

46,606

90

CHF GBP HKD

550

509

2

1

(550)

(509)

-

-

-

-

7,385 8,214

33

16

(3,000) (2,416)

(3,337)

4,385

4,877

94

9

2,416

254

1 4

-

(254)

- - -

- - -

- - -

- - -

JPY

137,000 1,083

2 (137,000)

(1,083)

NOK USD

1,000

96

-

-

(1,000)

(96)

18,094 14,760

60

29 (17,718) (14,439)

376

321

6

1

Total II – Non euro currencies

24,916 51,804

100

48

(19,718)

5,198

100

10

TOTAL I + II 100 In 2020 EDF transferred bonds to several banks under repurchase agreements. At 31 December 2020 the cash received net of repayments already made amounts * to €821 million (see note 33 (2)), including US$376 million (€321 million) and €500 million. The nominal value of hedging instruments included in off-balance sheet commitments (see note 35.1) has no effect on loans in the balance sheet. 100 - 51,804

474

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020