The Group’s consolidated financial statements for the year ended 31 December 2019, prepared under IAS-IFRS, are presented below. They will be submitted for approval at the General Shareholders’ Meeting to be held on 7 May 2020.
| (in millions of euros) | Notes | 2019 | 2018 |
|---|---|---|---|
| Sales | Sales Notes7 | Sales 201971,317 | Sales 201868,546 |
| Fuel and energy purchases | Fuel and energy purchases Notes8 | Fuel and energy purchases 2019(35,091) | Fuel and energy purchases 2018(33,056) |
| Other external expenses | Other external expenses Notes9 | Other external expenses 2019(8,619) | Other external expenses 2018(9,262) |
| Personnel expenses | Personnel expenses Notes10 | Personnel expenses 2019(13,793) | Personnel expenses 2018(13,642) |
| Taxes other than income taxes | Taxes other than income taxes Notes11 | Taxes other than income taxes 2019(3,798) | Taxes other than income taxes 2018(3,690) |
| Other operating income and expenses | Other operating income and expenses Notes12 | Other operating income and expenses 20196,692 | Other operating income and expenses 20186,002 |
| Operating profit before depreciation and amortisation | Operating profit before depreciation and amortisation201916,708 | Operating profit before depreciation and amortisation201814,898 | |
| Net changes in fair value on energy and commodity derivatives, excluding trading activities | Net changes in fair value on energy and commodity derivatives, excluding trading activities Notes13 | Net changes in fair value on energy and commodity derivatives, excluding trading activities 2019642 | Net changes in fair value on energy and commodity derivatives, excluding trading activities 2018(224) |
| Net depreciation and amortisation | Net depreciation and amortisation 2019(9,994) | Net depreciation and amortisation 2018(8,775) | |
| Net increases in provisions for replacement of property, plant and equipment | |||
| operated under concessions | operated under concessions 2019(8) | operated under concessions 2018(50) | |
| (Impairment)/reversals | (Impairment)/reversals Notes14 | (Impairment)/reversals 2019(403) | (Impairment)/reversals 2018(290) |
| Other income and expenses | Other income and expenses Notes15 | Other income and expenses 2019(185) | Other income and expenses 2018(105) |
| Operating profit | Operating profit20196,760 | Operating profit20185,454 | |
| Cost of gross financial indebtedness | Cost of gross financial indebtedness Notes16.1 | Cost of gross financial indebtedness 2019(1,806) | Cost of gross financial indebtedness 2018(1,712) |
| Discount effect | Discount effect Notes16.2 | Discount effect 2019(3,161) | Discount effect 2018(3,464) |
| Other financial income and expenses | Other financial income and expenses Notes16.3 | Other financial income and expenses 20194,606 | Other financial income and expenses 2018378 |
| Financial result | Financial resultNotes16 | Financial result2019(361) | Financial result2018(4,798) |
| Income before taxes of consolidated companies | Income before taxes of consolidated companies20196,399 | Income before taxes of consolidated companies2018656 | |
| Income taxes | Income taxes Notes17 | Income taxes 2019(1,581) | Income taxes 2018178 |
| Share in net income of associates and joint ventures | Share in net income of associates and joint ventures Notes26 | Share in net income of associates and joint ventures 2019818 | Share in net income of associates and joint ventures 2018569 |
| Net income of discontinued operations | Net income of discontinued operations Notes19 | Net income of discontinued operations 2019(454) | Net income of discontinued operations 2018(212) |
| CONSOLIDATED NET INCOME | CONSOLIDATED NET INCOME20195,182 | CONSOLIDATED NET INCOME20181,191 | |
| EDF net income | EDF net income20195,155 | EDF net income20181,177 | |
| Net income of continuing operations | Net income of continuing operations 20195,597 | Net income of continuing operations 20181,384 | |
| Net income of discontinued operations | Net income of discontinued operations 2019(442) | Net income of discontinued operations 2018(207) | |
| Net income attributable to non-controlling interests | Net income attributable to non-controlling interests201927 | Net income attributable to non-controlling interests201814 | |
| Net income of continuing operations | Net income of continuing operations 201939 | Net income of continuing operations 201819 | |
| Net income of discontinued operations | Net income of discontinued operations 2019(12) | Net income of discontinued operations 2018(5) | |
| Earnings per share (EDF share) (in euros): | Earnings per share (EDF share) (in euros):Notes20 | ||
| Basic earnings per share | Basic earnings per share 20191.50 | Basic earnings per share 20180.20 | |
| Diluted earnings per share | Diluted earnings per share 20191.50 | Diluted earnings per share 20180.20 | |
| Basic earnings per share of continuing operations | Basic earnings per share of continuing operations 20191.65 | Basic earnings per share of continuing operations 20180.27 | |
| Diluted earnings per share of continuing operations | Diluted earnings per share of continuing operations 20191.65 | Diluted earnings per share of continuing operations 20180.27 |
(1) The financial statements at 31 December 2019 apply IFRS 16 from 1 January 2019 (using the modified retrospective approach). In accordance with the new standard’s transition provisions, the comparative figures have not been restated (see note 2.1).
(2) The published figures for 2018 have been restated due to the impact of presenting the E&P operations as discontinued operations (see note 2.3).
In application of IFRS 5, the net income of discontinued operations is presented on a separate line of the income statement for the financial periods presented. The impact of application of IFRS 5 on the published figures for 2018 is presented in note 2.3.
