EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Financial assets and liabilities

42.3

NON-HEDGING COMMODITY DERIVATIVES

Details of commodity derivatives not classified as hedges are as follows:

31/12/2017

31/12/2016

Unit of measure

Net notional

Fair value

Net notional

Fair value

(in millions of euros)

Swaps

(5)

479 106

(18)

52

Options

4

4

118

Forwards/futures

(54) (55) 894 (68)

(403)

(45) (59)

(406) (236)

Electricity

TWh

182

Swaps

(132)

8,253

114

Options

171

338

38

Forwards/futures

19,784 20,610

57 96 94

(4,169)

(205)

Gas

Millions of therms

4,422

(53)

Swaps

3,400 1,920

11,159

27

Options

3

(247)

(14)

Forwards/futures

108

(3) 94

(10)

(2) 11

Oil products

Thousands of barrels

5,428

10,902

Swaps

(1)

(151)

- -

(205)

Options

3 4

(1)

-

Forwards/futures

9

45

105

Freight

(4)

17

7

31

Coal and freight

Millions of tonnes

2

(126)

52

(69)

Swaps

43

- -

113

- -

Options

-

-

Forwards/futures

35,583 35,626

(57) (57) (56)

2,906 3,019

(42) (42) 258

Thousands of tonnes

CO 2

Swaps/options Forwards/futures

(346) (402)

(308)

Other commodities

(50)

Embedded commodity derivatives

-

1

(213)

(438)

NON-HEDGING COMMODITY DERIVATIVES

These mainly include contracts included in EDF Trading’s portfolio.

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EDF I Reference Document 2017