EDF_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Notes to the consolidated financial statements

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Group accounting standards Note 1

305

Other external expenses Note 9

335

Declaration of conformity and group

1.1

Personnel expenses Note 10

336

accounting policies

305

Personnel expenses 10.1 Average workforce 10.2

336 336

Changes in accounting methods

1.2

at 31 December 2017

305

Summary of the principal accounting

1.3

Taxes other than income taxes Note 11

336

and valuation methods

308

Comparability Note 2

322

Other operating income Note 12 and expenses

337

Significant events Note 3 and transactions

Operating subsidies 12.1

337

322

Net income on deconsolidation and gains on 12.2 disposal of fixed assets

Capital increase by EDF SA

322 322 325 325 326

3.1 3.2 3.3 3.4 3.5 3.6

337 337

Acquisition of 75.5% of Framatome

Other items 12.3

Clarifications on the Hinkley Point C project

Impairment/reversals Note 13 Impairment by category of asset 13.1

338

Disposal plan

338

¥137 billion samurai bond issue

6.

Impairment tests on goodwill, intangible assets 13.2 and property, plant and equipment

Unconstitutionality of the 3% contribution

338

on dividend distributions

326 326

Significant events and transactions of 2016

3.7

Other income and expenses Note 14

341

Regulatory changes in France Note 4

329

Financial result Note 15

341

Regulated electricity sales tariffs in France “TURPE” network access tariffs Compensation for public energy service charges (CSPE) French capacity mechanism Regulated gas sales tariffs in France

329 329

4.1 4.2 4.3 4.4 4.5 4.6

Cost of gross financial indebtedness 15.1

341 341 341

Discount effect 15.2

Other financial income and expenses 15.3

329 330 330

Income taxes Note 16 Breakdown of tax expense 16.1

342

342

Energy savings certificates: fourth period (2018-2020)

Reconciliation of the theoretical and effective tax 16.2 expense (tax proof) Change in deferred tax assets and liabilities 16.3

331 331

342 343

ARENH

4.7

Changes in the scope Note 5 of consolidation

Breakdown of deferred tax assets 16.4 and liabilities by nature

343

331

Takeover of Futuren

331

5.1 5.2

Basic earnings per share and Note 17 diluted earnings per share

Dalkia group: sale of investments

344

in Cogestar 1, 2 and 3

331

Operating assets and liabilities, equity

345

Segment reporting Note 6

332

Goodwill Note 18 Changes in goodwill 18.1

345

Reporting by operating segment Sales to external customers, by product

332

6.1 6.2

345 345

Goodwill by operating segment 18.2

and service group

334

Other intangible assets Note 19

346

INCOME STATEMENT

335

Property, plant and equipment Note 20 operated under French public electricity distribution concessions Net value of property, plant and equipment 20.1

Sales Note 7

335

Fuel and energy purchases Note 8

335

347

operated under French public electricity distribution concessions

347

Movements in property, plant and equipment 20.2

operated under French public electricity distribution concessions (excluding assets in progress)

347

301

EDF I Reference Document 2017