EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Income Statement

BASIC EARNINGS PER SHARE AND DILUTED EARNINGS NOTE 17 PER SHARE

The diluted earnings per share is calculated by dividing the Group’s share of net income, corrected for dilutive instruments and the payments made during the year to bearers of perpetual subordinated bonds, by the weighted average number of potential shares outstanding over the period after elimination of treasury shares.

The following table shows the reconciliation of the basic and diluted earnings used to calculate earnings per share (basic and diluted), and the variation in the weighted average number of shares used in calculating basic and diluted earnings per share:

2017

2016

(in millions of euros)

Net income attributable to ordinary shares Payments on perpetual subordinated bonds

3,173 (565)

2,851 (582)

Effect of dilutive instruments

-

-

Net income used to calculated earnings per share

2,608

2,269

Average weighted number of ordinary shares outstanding during the year Average weighted number of diluted shares outstanding during the year

2,660,243,412 1,980,632,028 2,660,243,412 1,980,632,028

Earnings per share (in euros): EARNINGS PER SHARE DILUTED EARNINGS PER SHARE

0.98 0.98

1.15 1.15

In 2017, the EDF capital increase, payment of the outstanding scrip dividend the share capital and an issue premium totalling €5,427 million, corresponding to for 2016 and payment of the scrip interim dividend for 2017 led to an increase in the issuance of 818,302,121 shares.

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EDF I Reference Document 2017