EDF_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Financial assets and liabilities

Dedicated assets 36.2.2.1 Diversified bond investments and equities included in EDF’s dedicated assets are recorded as “available-for-sale financial assets”. The general management policy for dedicated assets is presented in note 47.

Liquid assets 36.2.2.2 Liquid assets are financial assets consisting of funds or interest rate instruments with initial maturity of over three months that are readily convertible into cash, and are managed according to a liquidity-oriented policy. EDF’s monetary UCITS, included in liquid assets, amount to €2,646 million at 31 December 2017 (€3,955 million at 31 December 2016).

36.3

LOANS AND FINANCIAL RECEIVABLES

Loans and financial receivables are recorded at amortised cost.

31/12/2017

31/12/2016

(in millions of euros)

Loans and financial receivables – amounts receivable from the NLF

8,650 3,294 2,678 14,622

8,743 4,185 2,028 14,956

Loans and financial receivables – CSPE (1) Loans and financial receivables – other LOANS AND FINANCIAL RECEIVABLES

Including €3,294 million allocated to dedicated assets at 31 December 2017 (€4,185 million at 31 December 2016). (1)

the receivable corresponding to the accumulated shortfall in the Contribution to ■ the Public Electricity Service (CSPE) at 31 December 2016 and the costs of bearing that shortfall. Reimbursements received during 2017 amounted to €954 million, in line with the schedule published in the ministerial orders of 13 May 2016 and 2 December 2016, made in application of Article R. 121-31 of the French Energy Code.

Loans and financial receivables include: amounts representing reimbursements receivable from the NLF and the British ■ government for coverage of long-term nuclear obligations, totalling €8,650 million at 31 December 2017 (€8,743 million at 31 December 2016), discounted at the same rate as the provisions they finance;

6.

36.4

CHANGE IN FINANCIAL ASSETS OTHER THAN DERIVATIVES

The variation in financial assets is as follows:

36.4.1

At 31 December 2017

Net increases

Changes in fair value

Discount effect

Changes in scope

Translation adjustments

31/12/2016

Other (305)

31/12/2017

(in millions of euros)

Available-for-sale financial assets Loans and financial receivables

40,290 14,956

344

588

-

144 174

(137) (377)

40,924 14,622

(979)

-

442

406

“Net increases” in loans and financial receivables include the €(890) million change in the CSPE receivable.

Other changes in loans and financial receivables mainly correspond to the change in the financial asset reflecting the overfunding of EDF Energy’s EEGSG and BEGG pension plans (€916 million at 31 December 2017, compared to €568 million at 31 December 2016).

36.4.2

At 31 December 2016

Net increases

Changes in fair value

Discount effect

Changes in scope

Translation adjustments

31/12/2015

Other (138) 1,714

31/12/2016

(in millions of euros)

Available-for-sale financial assets Loans and financial receivables

34,333 16,913

5,079

894

-

12

110

40,290 14,956

(2,908)

-

403

221

(1,387)

377

EDF I Reference Document 2017