EDF_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Financial assets and liabilities

OTHER INFORMATION ON FINANCIAL ASSETS NOTE 39 AND LIABILITIES FAIR VALUE OF FINANCIAL INSTRUMENTS 39.1

The following tables show the breakdown of financial assets and liabilities in the balance sheet, by level.

39.1.1

At 31 December 2017

Level 3 Non- observable data

Level 1 Unadjusted quoted prices

Level 2 Observable data

Balance sheet

value Fair value

(in millions of euros)

Financial assets carried at fair value with changes in fair value included in income (1)

2,614

2,614

233

2,252

129 633

Available-for-sale financial assets

40,924 40,924

2,499 37,792

Positive fair value of hedging derivatives Cash equivalents carried at fair value

3,580

3,580

21

3,559

- -

364

364

198

166

47,482 8,650 3,294 2,678 14,622 2,874 2,787

47,482 8,650 3,349 2,678 14,677 2,874 2,787

2,951

43,769 8,650 3,349 2,678 14,677 2,799 2,467

762

FINANCIAL ASSETS CARRIED AT FAIR VALUE IN THE BALANCE SHEET Loans and financial receivables – assets receivable from the NLF

- - - -

- - - - -

Loans and financial receivables – CSPE Other loans and financial receivables

6.

FINANCIAL ASSETS RECORDED AT AMORTISED COST

Negative fair value of hedging derivatives Negative fair value of trading derivatives

75

200 275

120 120

5,661

5,661

5,266

FINANCIAL LIABILITIES CARRIED AT FAIR VALUE IN THE BALANCE SHEET

Loans and other financial liabilities (2)

56,846 63,334

- -

63,334 63,334

- -

56,846

63,334

FINANCIAL LIABILITIES RECORDED AT AMORTISED COST

Including €2,614 million for the positive fair value of trading derivatives. (1) Loans and other financial liabilities are carried in the balance sheet at amortised cost, adjusted for changes in the fair value of risks covered by a fair value hedge. (2)

Level 3 available-for-sale financial assets are principally non-consolidated investments carried at historical value.

Cash equivalents, which principally take the form of negotiable debt instruments and short-term investments, are generally valued using yield curves, and therefore observable market data.

39.1.2

At 31 December 2016

Level 3 Non- observable data

Level 1 Unadjusted quoted prices

Level 2 Observable data

Balance sheet

value Fair value

(in millions of euros)

Financial assets carried at fair value with changes in fair value included in income (1)

3,813

3,813

220

3,337

256 596

Available-for-sale financial assets

40,290 40,290

1,799 37,895

Positive fair value of hedging derivatives Cash equivalents carried at fair value

6,056

6,056

7

6,049

- -

235

235

141

94

50,394 8,743 4,185 2,028 14,956 2,885 4,485

50,394 8,743 4,288 2,028 15,059 2,885 4,485

2,167

47,375 8,743 4,288 2,028 15,059 2,775 4,046

852

FINANCIAL ASSETS CARRIED AT FAIR VALUE IN THE BALANCE SHEET Loans and financial receivables – Assets receivable from the NLF

- - - -

- - - -

Loans and financial receivables – CSPE Other loans and financial receivables

FINANCIAL ASSETS RECORDED AT AMORTISED COST

Negative fair value of hedging derivatives Negative fair value of trading derivatives

105 216 321

5

223 228

7,370

7,370

6,821

FINANCIAL LIABILITIES CARRIED AT FAIR VALUE IN THE BALANCE SHEET

Loans and other financial liabilities (2)

65,195 70,682

- -

70,682 70,682

- -

65,195

70,682

FINANCIAL LIABILITIES RECORDED AT AMORTISED COST

Including €3,813 million for the positive fair value of trading derivatives. (1) Loans and other financial liabilities are carried in the balance sheet at amortised cost, adjusted for changes in the fair value of risks covered by a fair value hedge. (2)

383

EDF I Reference Document 2017