EDF_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Balance Sheet

18.4

INVESTMENT SECURITIES PORTFOLIO

At start of year

At year-end

Gross book value

Net book

Gross book value

Net book

value Fair value

value Fair value

(in millions of euros)

16,698

16,520

17,606

17,875

17,825

19,717

VALUE OF INVESTMENT SECURITIES

At 31 December 2017, the investment securities portfolio comprises €17,825 million of dedicated assets.

In 2017, EDF sold all its shares in CTE (formerly C25) for finalisation of the sale of 49.9% of CTE (see note 2.4). EDF also sold all the shares of AREVA SA.

VARIATION IN TREASURY SHARES 18.5 A share repurchase programme authorised by the General Shareholders’ Meeting of 9 June 2006 was implemented by the Board of Directors, within the limits of 10% of the total number of shares making up the Company’s capital. The initial duration of the programme was 18 months, renewed for 12 months then by tacit agreement every year.

A liquidity contract exists for this programme, as required by the French market regulator AMF.

Gross value at 31/12/2016

Gross value at 31/12/2017

Increases

Decreases

(in millions of euros) TREASURY SHARES

26

113

(102)

37

6.

At 31 December 2017, treasury shares included in the investment securities portfolio represent 3,379,422 shares with total value of €37 million.

18.6

FINANCIAL LOANS AND RECEIVABLES RELATED TO INVESTMENTS

Liquidity

Gross value at 31/12/2017

Gross value at 31/12/2016

< 1 year 1 - 5 years > 5 years

(in millions of euros)

Receivables related to investments

6

-

49

55

51

CSPE receivable

1,280 6,220

2,014 1,619

-

3,294 9,095

4,184 9,687

Loans and other financial assets

1,256

FINANCIAL LOANS AND RECEIVABLES RELATED TO INVESTMENTS

7,506

3,633

1,305

12,444

13,922

439

EDF I Reference Document 2017