| (in millions of euros) | 31/12/2019 | 31/12/2018 |
|---|---|---|
| Intangible and tangible assets | Intangible and tangible assets 31/12/2019 174,345 |
Intangible and tangible assets 31/12/2018 162,219 |
| Other non-current assets | Other non-current assets 31/12/2019 55,120 |
Other non-current assets 31/12/2018 48,165 |
| Non-current assets | Non-current assets 31/12/2019 229,465 |
Non-current assets 31/12/2018 210,384 |
| Inventories and trade receivables | Inventories and trade receivables 31/12/2019 29,655 |
Inventories and trade receivables 31/12/2018 30,137 |
| Other current assets | Other current assets 31/12/2019 36,568 |
Other current assets 31/12/2018 39,358 |
| Cash and cash equivalents | Cash and cash equivalents 31/12/2019 3,934 |
Cash and cash equivalents 31/12/2018 3,290 |
| Current assets | Current assets 31/12/2019 70,157 |
Current assets 31/12/2018 72,785 |
| Assets held for sale | Assets held for sale 31/12/2019 3,662 |
Assets held for sale 31/12/2018 - |
| TOTAL ASSETS | TOTAL ASSETS 31/12/2019 303,284 |
TOTAL ASSETS 31/12/2018 283,169 |
| Equity (EDF’s share) | Equity (EDF’s share) 31/12/2019 46,466 |
Equity (EDF’s share) 31/12/2018 44,469 |
| Equity (non-controlling interests) | Equity (non-controlling interests) 31/12/2019 9,324 |
Equity (non-controlling interests) 31/12/2018 8,177 |
| Total equity | Total equity 31/12/2019 55,790 |
Total equity 31/12/2018 52,646 |
| Non-current provisions | Non-current provisions 31/12/2019 80,760 |
Non-current provisions 31/12/2018 71,772 |
| Special concession assets | Special concession assets 31/12/2019 47,465 |
Special concession assets 31/12/2018 46,924 |
| Non-current other liabilities | Non-current other liabilities 31/12/2019 64,225 |
Non-current other liabilities 31/12/2018 59,012 |
| Non current liabilities | Non current liabilities 31/12/2019 192,450 |
Non current liabilities 31/12/2018 177,708 |
| Current liabilities | Current liabilities 31/12/2019 54,001 |
Current liabilities 31/12/2018 52,815 |
| Liabilities related to assets classified as held for sale | Liabilities related to assets classified as held for sale 31/12/2019 1,043 |
Liabilities related to assets classified as held for sale 31/12/2018 - |
| TOTAL EQUITY AND LIABILITIES | TOTAL EQUITY AND LIABILITIES 31/12/2019 303,284 |
TOTAL EQUITY AND LIABILITIES 31/12/2018 283,169 |
*The financial statements at 31 December 2019 apply IFRS 16 from 1 January 2019 (see note 2.1 to the 2019 consolidated financial statements).
| (in millions of euros) | 2019 | 2018 | Variation | Variation |
|---|---|---|---|---|
| Group cash flow (2) (3) | Group cash flow (2) (3)2019 (791) |
Group cash flow (2) (3)2018 (601) |
Group cash flow (2) (3)Variation (190) |
Group cash flow (2) (3)Variation -31.6 |
(1) The published figures for 2018 have been restated due to the impact of presenting the E&P operations as discontinued operations.
(2) The financial statements at 31 December 2019 apply IFRS 16 from 1 January 2019. The comparative figures have not been restated. The impact on Group cash flow would have been +€609 million.
(3) Group cash flow is not an aggregate defined by IFRS as a measure of financial performance, and is not comparable with indicators of the same name reported by other companies. It is equivalent to the operating cash flow less asset disposals, income taxes paid, net financial expenses disbursed, allocations to dedicated assets, dividend paid in cash, and investments related to Hinkley Point C and Linky projects (see section 5.1.5.2 of this financial report).
| (in millions of euros) | 31/12/2019 | 31/12/2018 | Variation | Variation |
|---|---|---|---|---|
| Loans and other financial liabilities | Loans and other financial liabilities 31/12/2019 67,380 |
Loans and other financial liabilities 31/12/2018 59,188 |
Loans and other financial liabilities Variation 8,192 |
Loans and other financial liabilities Variation +13.8 |
| Derivatives used to hedge liabilities | Derivatives used to hedge liabilities 31/12/2019 (3,387) |
Derivatives used to hedge liabilities 31/12/2018 (1,972) |
Derivatives used to hedge liabilities Variation (1,415) |
Derivatives used to hedge liabilities Variation +71.8 |
| Cash and cash equivalents | Cash and cash equivalents 31/12/2019 (3,934) |
Cash and cash equivalents 31/12/2018 (3,290) |
Cash and cash equivalents Variation (644) |
Cash and cash equivalents Variation +19.6 |
| Available-for-sale financial assets – Liquid assets | Available-for-sale financial assets – Liquid assets 31/12/2019 (18,900) |
Available-for-sale financial assets – Liquid assets 31/12/2018 (20,538) |
Available-for-sale financial assets – Liquid assets Variation 1,638 |
Available-for-sale financial assets – Liquid assets Variation -8.0 |
| Net indebtedness of assets held for sale | Net indebtedness of assets held for sale 31/12/2019 (26) |
Net indebtedness of assets held for sale 31/12/2018 - |
Net indebtedness of assets held for sale Variation (26) |
Net indebtedness of assets held for sale Variation n.a. |
| NET INDEBTEDNESS(1)(2) | NET INDEBTEDNESS (1)(2)31/12/2019 41,133 |
NET INDEBTEDNESS (1)(2)31/12/2018 33,388 |
NET INDEBTEDNESS (1)(2)Variation 7,745 |
NET INDEBTEDNESS (1)(2)Variation +23.2 |
n.a.: not applicable.
(1) Net indebtedness is not defined in the accounting standards and is not directly visible in the Group’s consolidated balance sheet. It comprises total loans and financial liabilities, less cash and cash equivalents and liquid assets. Liquid assets are financial assets consisting of funds or securities with initial maturity of over three months that are readily convertible into cash and are managed according to a liquidity-oriented policy. The calculation of net indebtedness is presented in note 41.3 to the 2019 consolidated financial statements.
(2) Net indebtedness at 31 December 2019 includes IFRS 16 from 1 January 2019 for €4,492 million.
