EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Balance Sheet

PROVISIONS FOR EMPLOYEE BENEFITS NOTE 30

Changes in provisions for employee benefits were as follows:

Increases

Decreases

31/12/2016

Operating (1)

Financial

Operating (2)

Financial (3)

31/12/2017

(in millions of euros)

Provisions for post-employment benefits

9,837 1,009 10,846

838

566

(918)

(266)

10,056

Provisions for long-term benefits

51

19

(80)

-

999

889

584

(998)

(266)

11,055

PROVISIONS FOR EMPLOYEE BENEFITS

including a past service cost of €530 million, amortisation of actuarial losses amounting to €356 million, and unvested benefits of €10 million. (1) including €(974) million for employers’ contributions and €(31) million for actuarial gains. (2) for the expected return on fund assets. (3)

DETAILS OF CHANGES IN PROVISIONS:

Provision in the balance sheet

Unrecognised actuarial gains and losses

Obligations net of fund assets

Unrecognised past service cost

Obligations Fund assets

(in millions of euros)

BALANCE AT 31/12/2016

30,887

(11,317)

19,570

(59)

(8,665)

10,846

Net expense for 2017

1,115 (600)

(266) (102) (131)

849

10

325 702

1,184

Unrecognised actuarial gains and losses

(702) (131) (844)

- - -

-

Contributions to funds

-

- -

(131) (844)

Benefits paid

(1,294) 30,108

450

(11,366)

18,742

(49)

(7,638)

11,055

BALANCE AT 31/12/2017

The actuarial gains and losses generated over 2017 amount to €600 million, comprising €66 million resulting from revisions of assumptions and €534 million of experience adjustments.

POST-EMPLOYMENT AND LONG-TERM EMPLOYEE BENEFIT EXPENSES:

31/12/2017

31/12/2016

(in millions of euros) Current service cost

530 584

480 688

Interest expenses (discount effect) Expected return on fund assets

(266)

(272)

Amortisation of unrecognised actuarial gains and losses - post-employment benefits

283

257 118

Change in actuarial gains and losses - long-term benefits

42

Effect of plan curtailment or settlement Past service cost - vested benefits Past service cost - unvested benefits

- -

- -

10

10

1,184

1,281

NET CHARGES RELATED TO POST-EMPLOYMENT BENEFITS AND LONG-TERM BENEFITS

including: Operating expenses (1)

865 318

866 415

Financial expenses

In 2017, this amount corresponds to operating increases (€889 million) net of reversals for actuarial gains and losses (€(31) million). (1)

450

EDF I Reference Document 2017