The other investments held by EDF SA are dedicated assets (see note 48.3).
Other investments in associates and joint ventures principally concern Compagnie Énergétique de Sinop (CES) (whose first turbine began operation on 16 September 2019 and the second on 18 October 2019), Jiangxi Datang International Fuzhou Power Generation Company Ltd., Nachtigal (for which construction began in March 2019, with commissioning expected in late 2023) and certain companies owned by EDF Renewables.
The CENG shares have been reclassified under IFRS 5 following the Group’s notification of its intention to exercise the put option related to its investment (see notes 3.2.2 and 46).
The investment in Alpiq was sold on 28 May 2019 (see note 3.2.1).
In 2019, €(73) million of impairment was booked in respect of investments in associates and joint ventures and a number of specific assets. This impairment is not detailed below due to its low materiality for the Group’s financial statements.
In 2018, €(39) million of impairment was booked in respect of investments in associates and joint ventures and a number of specific assets.
The key financial indicators for the CTE subgroup (on a 100% basis) are as follows:
| (in millions of euros) | 31/12/2019 | 31/12/2018 |
|---|---|---|
| Non-current assets | Non-current assets 31/12/2019 18,568 | Non-current assets 31/12/2018 17,740 |
| Current assets | Current assets 31/12/2019 3,120 | Current assets 31/12/2018 2,854 |
| TOTAL ASSETS | TOTAL ASSETS 31/12/2019 21,688 | TOTAL ASSETS 31/12/2018 20,593 |
| Equity | Equity 31/12/2019 2,829 | Equity 31/12/2018 2,807 |
| Non-current liabilities | Non-current liabilities 31/12/2019 15,059 | Non-current liabilities 31/12/2018 13,225 |
| Current liabilities | Current liabilities 31/12/2019 3,800 | Current liabilities 31/12/2018 4,561 |
| TOTAL EQUITY AND LIABILITIES | TOTAL EQUITY AND LIABILITIES 31/12/2019 21,688 | TOTAL EQUITY AND LIABILITIES 31/12/2018 20,593 |
| Sales | Sales 31/12/2019 4,856 | Sales 31/12/2018 4,817 |
| Operating profit before depreciation and amortisation | Operating profit before depreciation and amortisation 31/12/2019 2,181 | Operating profit before depreciation and amortisation 31/12/2018 2,058 |
| Net income | Net income 31/12/2019 615 | Net income 31/12/2018 566 |
| Net indebtedness | Net indebtedness 31/12/2019 12,256 | Net indebtedness 31/12/2018 11,799 |
| Gains and losses recorded directly in equity | Gains and losses recorded directly in equity 31/12/2019 (279) | Gains and losses recorded directly in equity 31/12/2018 78 |
| Dividends paid | Dividends paid 31/12/2019 313 | Dividends paid 31/12/2018 313 |
CTE’s affiliate, RTE (Réseau de Transport d’Électricité), is responsible for managing the high voltage and very high voltage public electricity transmission network.
Enedis uses RTE’s network to convey energy to the distribution network.
The key financial indicators published for Taishan (on a 100% basis) are as follows:
| (in millions of euros) | 31/12/2018 | 31/12/2017 |
|---|---|---|
| Non-current assets | Non-current assets 31/12/2018 11,595 | Non-current assets 31/12/2017 11,030 |
| Current assets | Current assets 31/12/2018 451 | Current assets 31/12/2017 350 |
| TOTAL ASSETS | TOTAL ASSETS 31/12/2018 12,046 | TOTAL ASSETS 31/12/2017 11,380 |
| Equity | Equity 31/12/2018 3,279 | Equity 31/12/2017 3,316 |
| Non-current liabilities | Non-current liabilities 31/12/2018 7,777 | Non-current liabilities 31/12/2017 6,864 |
| Current liabilities | Current liabilities 31/12/2018 990 | Current liabilities 31/12/2017 1,200 |
| TOTAL EQUITY AND LIABILITIES | TOTAL EQUITY AND LIABILITIES 31/12/2018 12,046 | TOTAL EQUITY AND LIABILITIES 31/12/2017 11,380 |
| Sales | Sales 31/12/2018 32 | Sales 31/12/2017 - |
| Net income | Net income 31/12/2018 (8) | Net income 31/12/2017 (56) |
| Dividends paid | Dividends paid 31/12/2018 - | Dividends paid 31/12/2017 - |
