EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Consolidated financial statements at 31 December 2017

CHANGE IN CONSOLIDATED EQUITY

Impact of fair value adjustment of financial instruments (2)

Other consolidated reserves

Equity (non-controlling interests)

and net income 31,831

Equity (EDF share)

Total equity

Treasury shares

Translation adjustments (1)

Capital

(in millions of euros)

EQUITY AT 31/12/2015 Gains and losses recorded in equity Consolidated comprehensive income Payments on perpetual subordinated bonds Purchases/sales of treasury shares Capital increase by EDF (3) EQUITY AT 31/12/2016 Gains and losses recorded in equity Consolidated comprehensive income Payments on perpetual subordinated bonds Purchases/sales of treasury shares Capital increase by EDF (5) Net income Dividends paid Other changes (4) Net income Dividends paid

960

(38)

4,349

(2,353)

34,749

5,491 40,240

- -

- -

(2,712)

766

(59)

(2,005)

(285)

(2,290)

-

-

2,851

2,851

160

3,011

-

-

(2,712)

766

2,792

846

(125)

721

- -

- -

- -

- -

(582)

(582)

-

(582)

(2,026)

(2,026)

(288)

(2,314)

-

9

- - -

- - -

-

9

- -

9

95

- -

1,767 (420)

1,862 (420)

1,862 1,426

-

1,846

1,055

(29)

1,637

(1,587)

33,362

34,438

6,924 41,362

- -

- -

(1,501)

1,281

740

520

(119)

401

-

-

3,173

3,173

116

3,289

(1,501)

1,281

3,913

3,693

(3)

3,690

- -

- -

- -

- -

(565)

(565)

-

(565)

(1,532)

(1,532)

(183)

(1,715)

-

(11)

- - -

- - -

-

(11)

- -

(11)

409

- -

5,018

5,427

5,427

Other changes (6)

-

(93)

(93)

603

510

1,464

(40)

136

(306)

40,103

41,357

7,341 48,698

EQUITY AT 31/12/2017

Changes in translation adjustments amount to €(1,501) million at 31 December 2017, mainly relating to the fall of the pound sterling and the US (1) dollar against the euro. These changes correspond to the effects of fair value adjustments, amounts transferred to income following changes in the fair value of (2) available-for-sale financial assets, the effects of fair value adjustment of financial instruments hedging cash flows and net foreign investments, and amounts transferred to income in respect of terminated contracts. For details see the statement of consolidated comprehensive income. In 2016, the capital increase and issue premium, totalling €1,862 million, relate to payment of the balance of the scrip dividend for 2015 and the (3) scrip interim dividend for 2016. “Other changes” in 2016 included the effect of the sale to CGN of 33.5% of HPC Holding Co and 20% of Sizewell C Holding Co on (4) 29 September 2016. This transaction had an effect of €(548) million on Equity (EDF share) and an effect of €1,510 million on equity (non-controlling interests) in 2016 (see note 3.7.2). “Other changes” in 2016 also included the effects of the Cogestar operation, amounting to €119 million (see note 5.2). In 2017, the changes in capital and other consolidated reserves (issue premium) relate to EDF’s capital increase amounting to €4,005 million net of (5) expenses (see note 3.1) and payment of the balance of the scrip dividend for 2016 totalling €1,024 million and the scrip interim dividend for 2017 totalling €398 million (see note 27.3). “Other changes” in equity (non-controlling interests) include the effect of capital increases funded by CGN for NNB Holding Ltd. and Sizewell C (6) Holding Co. amounting to €501 million. They also include the effects of the acquisition of Framatome, amounting to €209 million (see note 3.2), and the effects of the Cogestar operation, amounting to €48 million (see note 5.2).

300

EDF I Reference Document 2017