| (in millions of euros) | 31/12/2019 | 31/12/2018 | Variation |
|---|---|---|---|
| Treasury shares | Treasury shares 31/12/20192 | Treasury shares 31/12/2018 3 | Treasury shares Variation (1) |
| Investment funds* | Investment funds* 31/12/2019410 | Investment funds* 31/12/2018 2,868 | Investment funds* Variation (2,458) |
| Negotiable debt instruments (Euros or other currencies) maturing within 3 months | Negotiable debt instruments (Euros or other currencies) maturing within 3 months 31/12/2019- | Negotiable debt instruments (Euros or other currencies) maturing within 3 months 31/12/2018 175 | Negotiable debt instruments (Euros or other currencies) maturing within 3 months Variation (175) |
| Negotiable debt instruments (Euros or other currencies) maturing after 3 months | Negotiable debt instruments (Euros or other currencies) maturing after 3 months 31/12/20193,318 | Negotiable debt instruments (Euros or other currencies) maturing after 3 months 31/12/2018 3,468 | Negotiable debt instruments (Euros or other currencies) maturing after 3 months Variation (150) |
| Bonds | Bonds 31/12/20198,206 | Bonds 31/12/2018 7,969 | Bonds Variation 237 |
| Accrued interest and other marketable securities | Accrued interest and other marketable securities 31/12/20192,757 | Accrued interest and other marketable securities 31/12/2018 2,430 | Accrued interest and other marketable securities Variation 327 |
| Total gross value | Total gross value31/12/201914,693 | Total gross value 31/12/2018 16,913 | Total gross value Variation (2,220) |
| Provisions | Provisions31/12/2019(3) | Provisions 31/12/2018 (52) | Provisions Variation 49 |
| TOTAL NET VALUE | TOTAL NET VALUE31/12/201914,690 | TOTAL NET VALUE 31/12/2018 16,861 | TOTAL NET VALUE Variation (2,171) |
* In compliance with the Green Bond Framework, EDF used the amounts reserved for Socially Responsible Investment funds to finance the EDF group’s eligible investments, and modified the allocation of the cash reserves, reducing the portion invested in investment funds in view of their lower returns.
| (in millions of euros) | 31/12/2019 | 31/12/2018 | Variation |
|---|---|---|---|
| Marketable securities | Marketable securities 31/12/201914,693 | Marketable securities 31/12/201816,913 | Marketable securities Variation(2,220) |
| Cash and cash equivalents | Cash and cash equivalents 31/12/20194,714 | Cash and cash equivalents 31/12/20184,619 | Cash and cash equivalents Variation95 |
| Sub-total in balance sheet assets | Sub-total in balance sheet assets31/12/201919,407 | Sub-total in balance sheet assets31/12/201821,532 | Sub-total in balance sheet assetsVariation(2,125) |
| Euro investment funds | Euro investment funds 31/12/2019(410) | Euro investment funds 31/12/2018(2,868) | Euro investment funds Variation2,458 |
| Negotiable debt instruments (euro) maturing after 3 months | Negotiable debt instruments (euro) maturing after 3 months 31/12/2019(1,068) | Negotiable debt instruments (euro) maturing after 3 months 31/12/2018(2,202) | Negotiable debt instruments (euro) maturing after 3 months Variation1,134 |
| Negotiable debt instruments (non euro) maturing within 3 months | Negotiable debt instruments (non euro) maturing within 3 months 31/12/2019- | Negotiable debt instruments (non euro) maturing within 3 months 31/12/2018(175) | Negotiable debt instruments (non euro) maturing within 3 months Variation175 |
| Negotiable debt instruments (non euro) maturing after 3 months | Negotiable debt instruments (non euro) maturing after 3 months 31/12/2019(2,250) | Negotiable debt instruments (non euro) maturing after 3 months 31/12/2018(1,266) | Negotiable debt instruments (non euro) maturing after 3 months Variation(984) |
| Bonds | Bonds 31/12/2019(8,206) | Bonds 31/12/2018(7,969) | Bonds Variation(237) |
| Treasury shares | Treasury shares 31/12/2019(2) | Treasury shares 31/12/2018(3) | Treasury shares Variation1 |
| Accrued interest and other marketable securities | Accrued interest and other marketable securities 31/12/2019(2,757) | Accrued interest and other marketable securities 31/12/2018(2,430) | Accrued interest and other marketable securities Variation(327) |
| Marketable securities included in financial assets in the cash flow statement | Marketable securities included in financial assets in the cash flow statement31/12/2019(14,693) | Marketable securities included in financial assets in the cash flow statement31/12/2018(16,913) | Marketable securities included in financial assets in the cash flow statementVariation2,220 |
| Cash advances to subsidiaries (cash pooling agreements) included in “other operating receivables” in the balance sheet | Cash advances to subsidiaries (cash pooling agreements) included in “other operating receivables” in the balance sheet 31/12/2019- | Cash advances to subsidiaries (cash pooling agreements) included in “other operating receivables” in the balance sheet 31/12/2018- | Cash advances to subsidiaries (cash pooling agreements) included in “other operating receivables” in the balance sheet Variation- |
| Cash advances from subsidiaries (cash pooling agreements) included in “other operating liabilities” in the balance sheet | Cash advances from subsidiaries (cash pooling agreements) included in “other operating liabilities” in the balance sheet 31/12/2019(4,794) | Cash advances from subsidiaries (cash pooling agreements) included in “other operating liabilities” in the balance sheet 31/12/2018(6,182) | Cash advances from subsidiaries (cash pooling agreements) included in “other operating liabilities” in the balance sheet Variation1,388 |
| Cash and cash equivalents, closing balance in the cash flow statement* | Cash and cash equivalents, closing balance in the cash flow statement*31/12/2019(80) | Cash and cash equivalents, closing balance in the cash flow statement*31/12/2018(1,563) | Cash and cash equivalents, closing balance in the cash flow statement*Variation1,483 |
| Elimination of the effect of currency fluctuations | Elimination of the effect of currency fluctuations Variation(15) | ||
| Elimination of net financial income on cash and cash equivalents | Elimination of net financial income on cash and cash equivalents Variation(31) | ||
| NET VARIATION IN CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT* | NET VARIATION IN CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT*Variation1,437 |
*See the cash flow statement.
As of 2018, the cash positions of all subsidiaries in the cash flow statement are classified by reference to criteria of autonomy.
An entity is considered non-autonomous when it is a holding company, generates the majority of its sales with EDF Group entities, or does not have the status of employer.
The main subsidiaries classified as non-autonomous are C2,C3, EDF Holding et EDF International, and the main subsidiaries classified as autonomous are Enedis, PEI, Sofilo and GGF.
In the cash flow statement, the cash positions of autonomous subsidiaries are presented as a deduction from “Cash and cash equivalents”. The cash positions of non-autonomous subsidiaries are included in the components of the changes in working capital.
