6.1 Consolidated financial statements - Page 282 | edf

Change in consolidated equity

Details of the change in equity between 1 January and 31 December 2019 are as follows:

(in millions of euros)	Capital	Treasury Shares	Translation Adjustments	Fair value adjustment of financial instruments(OCI with recycling)	Other Consolidated Reserves And net income	Equity(EDF share)	Equity(non-controlling interests)	Total Equity
EQUITY RESTATED UNDER IFRS 9 AT 01/01/2018	EQUITY RESTATED UNDER IFRS 9 AT 01/01/2018Capital1,464	EQUITY RESTATED UNDER IFRS 9 AT 01/01/2018Treasury Shares(40)	EQUITY RESTATED UNDER IFRS 9 AT 01/01/2018Translation Adjustments136	EQUITY RESTATED UNDER IFRS 9 AT 01/01/2018Fair value adjustment of financial instruments(OCI with recycling)(1,720)	EQUITY RESTATED UNDER IFRS 9 AT 01/01/2018Other Consolidated Reserves And net income41,517	EQUITY RESTATED UNDER IFRS 9 AT 01/01/2018Equity(EDF share)41,357	EQUITY RESTATED UNDER IFRS 9 AT 01/01/2018Equity(non-controlling interests)7,341	EQUITY RESTATED UNDER IFRS 9 AT 01/01/2018Total Equity48,698
Gains and losses recorded in equity	Gains and losses recorded in equity Capital -	Gains and losses recorded in equity Treasury Shares -	Gains and losses recorded in equity Translation Adjustments 79	Gains and losses recorded in equity Fair value adjustment of financial instruments(OCI with recycling) (136)	Gains and losses recorded in equity Other Consolidated Reserves And net income 2,864	Gains and losses recorded in equity Equity(EDF share) 2,807	Gains and losses recorded in equity Equity(non-controlling interests) (88)	Gains and losses recorded in equity Total Equity 2,719
Net income	Net income Capital -	Net income Treasury Shares -	Net income Translation Adjustments -	Net income Fair value adjustment of financial instruments(OCI with recycling) -	Net income Other Consolidated Reserves And net income 1,177	Net income Equity(EDF share) 1,177	Net income Equity(non-controlling interests) 14	Net income Total Equity 1,191
Consolidated comprehensive income			Consolidated comprehensive incomeTranslation Adjustments79	Consolidated comprehensive incomeFair value adjustment of financial instruments(OCI with recycling)(136)	Consolidated comprehensive incomeOther Consolidated Reserves And net income4,041	Consolidated comprehensive incomeEquity(EDF share)3,984	Consolidated comprehensive incomeEquity(non-controlling interests)(74)	Consolidated comprehensive incomeTotal Equity3,910
Payments on perpetual subordinated bonds	Payments on perpetual subordinated bonds Capital -	Payments on perpetual subordinated bonds Treasury Shares -	Payments on perpetual subordinated bonds Translation Adjustments -	Payments on perpetual subordinated bonds Fair value adjustment of financial instruments(OCI with recycling) -	Payments on perpetual subordinated bonds Other Consolidated Reserves And net income (584)	Payments on perpetual subordinated bonds Equity(EDF share) (584)	Payments on perpetual subordinated bonds Equity(non-controlling interests) -	Payments on perpetual subordinated bonds Total Equity (584)
Issuance/Redemption of perpetual subordinated bonds	Issuance/Redemption of perpetual subordinated bonds Capital -	Issuance/Redemption of perpetual subordinated bonds Treasury Shares -	Issuance/Redemption of perpetual subordinated bonds Translation Adjustments -	Issuance/Redemption of perpetual subordinated bonds Fair value adjustment of financial instruments(OCI with recycling) -	Issuance/Redemption of perpetual subordinated bonds Other Consolidated Reserves And net income (86)	Issuance/Redemption of perpetual subordinated bonds Equity(EDF share) (86)	Issuance/Redemption of perpetual subordinated bonds Equity(non-controlling interests) -	Issuance/Redemption of perpetual subordinated bonds Total Equity (86)
Dividends paid	Dividends paid Capital -	Dividends paid Treasury Shares -	Dividends paid Translation Adjustments -	Dividends paid Fair value adjustment of financial instruments(OCI with recycling) -	Dividends paid Other Consolidated Reserves And net income (1,360)	Dividends paid Equity(EDF share) (1,360)	Dividends paid Equity(non-controlling interests) (183)	Dividends paid Total Equity (1,543)
Purchases/sales of treasury shares	Purchases/sales of treasury shares Capital -	Purchases/sales of treasury shares Treasury Shares (16)	Purchases/sales of treasury shares Translation Adjustments -	Purchases/sales of treasury shares Fair value adjustment of financial instruments(OCI with recycling) -	Purchases/sales of treasury shares Other Consolidated Reserves And net income -	Purchases/sales of treasury shares Equity(EDF share) (16)	Purchases/sales of treasury shares Equity(non-controlling interests) -	Purchases/sales of treasury shares Total Equity (16)
Capital increase by EDF⁽⁴⁾	Capital increase by EDF ⁽⁴⁾Capital 41	Capital increase by EDF ⁽⁴⁾Treasury Shares -	Capital increase by EDF ⁽⁴⁾Translation Adjustments -	Capital increase by EDF ⁽⁴⁾Fair value adjustment of financial instruments(OCI with recycling) -	Capital increase by EDF ⁽⁴⁾Other Consolidated Reserves And net income 806	Capital increase by EDF ⁽⁴⁾Equity(EDF share) 847	Capital increase by EDF ⁽⁴⁾Equity(non-controlling interests) -	Capital increase by EDF ⁽⁴⁾Total Equity 847
Other changes⁽⁵⁾	Other changes ⁽⁵⁾Capital -	Other changes ⁽⁵⁾Treasury Shares -	Other changes ⁽⁵⁾Translation Adjustments -	Other changes ⁽⁵⁾Fair value adjustment of financial instruments(OCI with recycling) -	Other changes ⁽⁵⁾Other Consolidated Reserves And net income 327	Other changes ⁽⁵⁾Equity(EDF share) 327	Other changes ⁽⁵⁾Equity(non-controlling interests) 1,093	Other changes ⁽⁵⁾Total Equity 1,420
EQUITY AS PUBLISHED AT 31/12/2018	EQUITY AS PUBLISHED AT 31/12/2018Capital1,505	EQUITY AS PUBLISHED AT 31/12/2018Treasury Shares(56)	EQUITY AS PUBLISHED AT 31/12/2018Translation Adjustments215	EQUITY AS PUBLISHED AT 31/12/2018Fair value adjustment of financial instruments(OCI with recycling)(1,856)	EQUITY AS PUBLISHED AT 31/12/2018Other Consolidated Reserves And net income44,661	EQUITY AS PUBLISHED AT 31/12/2018Equity(EDF share)44,469	EQUITY AS PUBLISHED AT 31/12/2018Equity(non-controlling interests)8,177	EQUITY AS PUBLISHED AT 31/12/2018Total Equity52,646
IFRIC 23 restatements (see note 2.2)	IFRIC 23 restatements (see note 2.2) Capital -	IFRIC 23 restatements (see note 2.2) Treasury Shares -	IFRIC 23 restatements (see note 2.2) Translation Adjustments -	IFRIC 23 restatements (see note 2.2) Fair value adjustment of financial instruments(OCI with recycling) -	IFRIC 23 restatements (see note 2.2) Other Consolidated Reserves And net income (10)	IFRIC 23 restatements (see note 2.2) Equity(EDF share) (10)	IFRIC 23 restatements (see note 2.2) Equity(non-controlling interests) -	IFRIC 23 restatements (see note 2.2) Total Equity (10)
EQUITY RESTATED AT 01/01/2019	EQUITY RESTATED AT 01/01/2019Capital1,505	EQUITY RESTATED AT 01/01/2019Treasury Shares(56)	EQUITY RESTATED AT 01/01/2019Translation Adjustments215	EQUITY RESTATED AT 01/01/2019Fair value adjustment of financial instruments(OCI with recycling)(1,856)	EQUITY RESTATED AT 01/01/2019Other Consolidated Reserves And net income44,651	EQUITY RESTATED AT 01/01/2019Equity(EDF share)44,459	EQUITY RESTATED AT 01/01/2019Equity(non-controlling interests)8,177	EQUITY RESTATED AT 01/01/2019Total Equity52,636
Gains and losses recorded in equity	Gains and losses recorded in equity Capital -	Gains and losses recorded in equity Treasury Shares -	Gains and losses recorded in equity Translation Adjustments 822	Gains and losses recorded in equity Fair value adjustment of financial instruments(OCI with recycling) 658	Gains and losses recorded in equity Other Consolidated Reserves And net income (2,738)	Gains and losses recorded in equity Equity(EDF share) (1,258)	Gains and losses recorded in equity Equity(non-controlling interests) 336	Gains and losses recorded in equity Total Equity (922)
Net income	Net income Capital -	Net income Treasury Shares -	Net income Translation Adjustments -	Net income Fair value adjustment of financial instruments(OCI with recycling) -	Net income Other Consolidated Reserves And net income 5,155	Net income Equity(EDF share) 5,155	Net income Equity(non-controlling interests) 27	Net income Total Equity 5,182
Consolidated comprehensive income	Consolidated comprehensive incomeCapital-	Consolidated comprehensive incomeTreasury Shares-	Consolidated comprehensive incomeTranslation Adjustments822	Consolidated comprehensive incomeFair value adjustment of financial instruments(OCI with recycling)658	Consolidated comprehensive incomeOther Consolidated Reserves And net income2,417	Consolidated comprehensive incomeEquity(EDF share)3,897	Consolidated comprehensive incomeEquity(non-controlling interests)363	Consolidated comprehensive incomeTotal Equity4,260
Payments on perpetual subordinated bonds	Payments on perpetual subordinated bonds Capital -	Payments on perpetual subordinated bonds Treasury Shares -	Payments on perpetual subordinated bonds Translation Adjustments -	Payments on perpetual subordinated bonds Fair value adjustment of financial instruments(OCI with recycling) -	Payments on perpetual subordinated bonds Other Consolidated Reserves And net income (589)	Payments on perpetual subordinated bonds Equity(EDF share) (589)	Payments on perpetual subordinated bonds Equity(non-controlling interests) -	Payments on perpetual subordinated bonds Total Equity (589)
Issuance/Redemption of perpetual subordinated bonds (see notes 3.3.2 and 3.3.3)	Issuance/Redemption of perpetual subordinated bonds (see notes 3.3.2 and 3.3.3) Capital -	Issuance/Redemption of perpetual subordinated bonds (see notes 3.3.2 and 3.3.3) Treasury Shares -	Issuance/Redemption of perpetual subordinated bonds (see notes 3.3.2 and 3.3.3) Translation Adjustments -	Issuance/Redemption of perpetual subordinated bonds (see notes 3.3.2 and 3.3.3) Fair value adjustment of financial instruments(OCI with recycling) -	Issuance/Redemption of perpetual subordinated bonds (see notes 3.3.2 and 3.3.3) Other Consolidated Reserves And net income (1,125)	Issuance/Redemption of perpetual subordinated bonds (see notes 3.3.2 and 3.3.3) Equity(EDF share) (1,125)	Issuance/Redemption of perpetual subordinated bonds (see notes 3.3.2 and 3.3.3) Equity(non-controlling interests) -	Issuance/Redemption of perpetual subordinated bonds (see notes 3.3.2 and 3.3.3) Total Equity (1,125)
Dividends paid	Dividends paid Capital -	Dividends paid Treasury Shares -	Dividends paid Translation Adjustments -	Dividends paid Fair value adjustment of financial instruments(OCI with recycling) -	Dividends paid Other Consolidated Reserves And net income (941)	Dividends paid Equity(EDF share) (941)	Dividends paid Equity(non-controlling interests) (155)	Dividends paid Total Equity (1,096)
Purchases/sales of treasury shares	Purchases/sales of treasury shares Capital -	Purchases/sales of treasury shares Treasury Shares (8)	Purchases/sales of treasury shares Translation Adjustments -	Purchases/sales of treasury shares Fair value adjustment of financial instruments(OCI with recycling) -	Purchases/sales of treasury shares Other Consolidated Reserves And net income -	Purchases/sales of treasury shares Equity(EDF share) (8)	Purchases/sales of treasury shares Equity(non-controlling interests) -	Purchases/sales of treasury shares Total Equity (8)
Capital increase by EDF⁽⁶⁾	Capital increase by EDF ⁽⁶⁾Capital 47	Capital increase by EDF ⁽⁶⁾Treasury Shares -	Capital increase by EDF ⁽⁶⁾Translation Adjustments -	Capital increase by EDF ⁽⁶⁾Fair value adjustment of financial instruments(OCI with recycling) -	Capital increase by EDF ⁽⁶⁾Other Consolidated Reserves And net income 834	Capital increase by EDF ⁽⁶⁾Equity(EDF share) 881	Capital increase by EDF ⁽⁶⁾Equity(non-controlling interests) -	Capital increase by EDF ⁽⁶⁾Total Equity 881
Other changes⁽⁷⁾	Other changes ⁽⁷⁾Capital -	Other changes ⁽⁷⁾Treasury Shares -	Other changes ⁽⁷⁾Translation Adjustments -	Other changes ⁽⁷⁾Fair value adjustment of financial instruments(OCI with recycling) -	Other changes ⁽⁷⁾Other Consolidated Reserves And net income (108)	Other changes ⁽⁷⁾Equity(EDF share) (108)	Other changes ⁽⁷⁾Equity(non-controlling interests) 939	Other changes ⁽⁷⁾Total Equity 831
EQUITY AT 31/12/2019	EQUITY AT 31/12/2019Capital1,552	EQUITY AT 31/12/2019Treasury Shares(64)	EQUITY AT 31/12/2019Translation Adjustments1,037	EQUITY AT 31/12/2019Fair value adjustment of financial instruments(OCI with recycling)(1,198)	EQUITY AT 31/12/2019Other Consolidated Reserves And net income45,139	EQUITY AT 31/12/2019Equity(EDF share)46,466	EQUITY AT 31/12/2019Equity(non-controlling interests)9,324	EQUITY AT 31/12/2019Total Equity55,790

(1) Changes in translation adjustments amount to €822 million at 31 December 2019, mainly relating to the pound sterling and the recycling of Alpiq’s conversion reserves to profit and loss following the sale of 28 May 2019.
(2) Changes in reserves recorded in OCI (Other Comprehensive Income) with recycling are shown in the Statement of Comprehensive Income. They correspond to the effects of fair value adjustments of debt securities and financial instruments hedging cash flows and net foreign investments, and amounts recycled to profit and loss in respect of terminated contracts and debt instruments transferred.
(3) Fair value changes recorded in OCI with no recycling are presented in the “Other consolidated reserves and net income” column.
(4) In 2018, the changes in capital and other consolidated reserves (issue premium) relate to payment of the balance of the scrip dividend for 2017 totalling €847 million.
(5) In 2018, the changes in consolidated reserves and equity (non-controlling interests) include in particular the effect of the sale of 49% of EDF Renewables’ wind farms. “Other changes” in equity (non-controlling interests) also include the capital increases funded by CGN for NNB Holding Ltd. and Sizewell C Holding Co. amounting to €743 million, and the effects of the sale of Dunkerque LNG amounting to €(433) million.
(6) In 2019, the changes in capital and other consolidated reserves (issue premium) relate to payment of the balance of the scrip dividend for 2018 and the interim dividend for 2019 totalling €881 million (see note 30.1).
(7) In 2019, “Other changes” in equity (non-controlling interests) include the effect of capital increases funded by CGN for NNB Holding Ltd. and Sizewell C Holding Co. amounting to €967 million.

6. Financial statements

Change in consolidated equity