EDF_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Income Statement

INCOME STATEMENT

SALES NOTE 4

Sales are comprised of:

2017

2016

(in millions of euros) Sales of energy (1)

40,131 2,240 42,371

38,836 2,021 40,857

Sales of goods and services

SALES

Including a share of delivery costs for sales of electricity and gas. (1)

EDF’s sales rose during 2017, reflecting high ARENH subscriptions in 2017 the period 1 August 2014 to 31 July 2015, recorded in 2016, which had no (82.1TWh) whereas 2016 had no subscriptions. This rise is partly offset by the equivalent in 2017. effects of the retroactive adjustment of €1,018 million to regulated sales tariffs for

OPERATING SUBSIDIES NOTE 5

6.

2017 6,558

2016 6,532

(in millions of euros)

OPERATING SUBSIDIES

Operating subsidies mainly comprise the subsidy received or receivable by EDF in for 2017 (€6,510 million for 2016). The increase is mainly explained by the higher respect of the Compensation for Public Energy Service Charges (CSPE). In the subsidy for purchase obligations, due to a rise in purchase volumes for photovoltaic financial statements, this compensation is reflected in income of €6,547 million and wind power, counterbalanced by higher market prices for electricity.

REVERSALS OF PROVISIONS AND IMPAIRMENT NOTE 6

2017

2016

(in millions of euros)

Reversals of provisions for risks Pensions and similar obligations

382 998 851 236 131

261

1,219

Spent fuel management

817 698 159

Long-term radioactive waste management (1) Decommissioning of nuclear power plants

Decommissioning of fossil-fired and hydropower plants

49

51

Other provisions for expenses

122

225

Reversals of provisions for expenses

2,387

3,169

Reversals of depreciation

462

378

TOTAL REVERSALS OF PROVISIONS AND IMPAIRMENT 3,808 In 2016 this item included a reclassification of €465 million from provisions for long-term radioactive waste management to provisions for spent fuel (1) management. 3,231

OTHER OPERATING INCOME AND TRANSFERS OF CHARGES NOTE 7

2017

2016

(in millions of euros)

Other operating income Transfers of charges

740

665 119 784

83

823

TOTAL

431

EDF I Reference Document 2017