EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Consolidated financial statements at 31 December 2017

6.1

CONSOLIDATED FINANCIAL STATEMENTS

AT 31 DECEMBER 2017

the EDF group’s consolidated financial statements (under international ■ accounting standards) for the year ended 31 December 2015 and the Statutory Auditors’ report on those financial statements, which are to be found in chapter 6, sections 6.1 (pages 306 to 412) and 6. (pages 413 and 414) of the EDF group’s 2015 Reference Document. The Group’s consolidated financial statements for the year ended 31 December 2017, prepared under IAS-IFRS, are presented below. They will be submitted for approval at the General Shareholders’ Meeting to be held on 15 May 2018.

In application of Article 28 of European Commission regulation 809/2004/EC, the following information is incorporated by reference in this Reference Document: the EDF group’s consolidated financial statements (under international ■ accounting standards) for the year ended 31 December 2016 and the Statutory Auditors’ report on those financial statements, which are to be found in chapter 6, sections 6.1 (pages 320 to 436) and 6.2 (pages 437 and 438) of the EDF group’s 2016 Reference Document;

CONSOLIDATED INCOME STATEMENT

Notes

2017

2016

(in millions of euros)

Sales

7 8 9

69,632 (37,641) (8,739) (12,456) (3,541)

71,203 (36,050) (8,902) (12,543) (3,656)

Fuel and energy purchases Other external expenses

Personnel expenses

10 11 12

Taxes other than income taxes

Other operating income and expenses

6,487

6,362

Operating profit before depreciation and amortisation

13,742

16,414

Net changes in fair value on Energy and Commodity derivatives, excluding trading activities

(355)

(262)

Net depreciation and amortisation

22.2

(8,537)

(7,966)

Net increases in provisions for renewal of property, plant and equipment operated under concessions

(58)

(41)

(Impairment)/reversals

13 14

(518) 1,363 5,637

(639)

Other income and expenses

8

Operating profit

7,514

Cost of gross financial indebtedness

15.1 15.2 15.3

(1,778) (2,959)

(1,827) (3,417)

Discount effect

Other financial income and expenses

2,501

1,911

Financial result

15

(2,236)

(3,333)

Income before taxes of consolidated companies

3,401 (147)

4,181

Income taxes

16 23

(1,388)

Share in net income of associates and joint ventures

35

218

GROUP NET INCOME

3,289 3,173

3,011 2,851

EDF net income

Net income attributable to non-controlling interests

116

160

Earnings per share (EDF share) in euros:

17

Earnings per share

0.98 0.98

1.15 1.15

Diluted earnings per share

296

EDF I Reference Document 2017