Universal Registration Document 2020

5. The Group’s financial performance and outlook

EXTRACT FROM THE CONSOLIDATED BALANCE SHEET

(in millions of euros)

31/12/2020

31/12/2019

Intangible and tangible assets

Intangible and tangible assets

31/12/2020

179,658

Intangible and tangible assets

31/12/2019

174,345

Other non-current assets

Other non-current assets

31/12/2020

57,574

Other non-current assets

31/12/2019

55,120

Non-current assetsNon-current assets

31/12/2020

237,232

Non-current assets

31/12/2019

229,465

Inventories and trade receivables

Inventories and trade receivables

31/12/2020

29,259

Inventories and trade receivables

31/12/2019

29,655

Other current assets

Other current assets

31/12/2020

30,834

Other current assets

31/12/2019

36,568

Cash and cash equivalents

Cash and cash equivalents

31/12/2020

6,270

Cash and cash equivalents

31/12/2019

3,934

Current assetsCurrent assets

31/12/2020

66,363

Current assets

31/12/2019

70,157

Assets held for sale

Assets held for sale

31/12/2020

2,296

Assets held for sale

31/12/2019

3,662

TOTAL ASSETS

TOTAL ASSETS

31/12/2020

305,891

TOTAL ASSETS

31/12/2019

303,284

Equity (EDF’s share)

Equity (EDF’s share)

31/12/2020

45,633

Equity (EDF’s share)

31/12/2019

46,466

Equity (non-controlling interests)

Equity (non-controlling interests)

31/12/2020

9,593

Equity (non-controlling interests)

31/12/2019

9,324

Total equity

Total equity

31/12/2020

55,226

Total equity

31/12/2019

55,790

Non-current provisions

Non-current provisions

31/12/2020

85,837

Non-current provisions

31/12/2019

80,760

Special concession assets

Special concession assets

31/12/2020

48,420

Special concession assets

31/12/2019

47,465

Other non-current liabilities

Other non-current liabilities

31/12/2020

63,888

Other non-current liabilities

31/12/2019

64,225

Non-current liabilitiesNon-current liabilities

31/12/2020

198,145

Non-current liabilities

31/12/2019

192,450

Current liabilitiesCurrent liabilities

31/12/2020

52,412

Current liabilities

31/12/2019

54,001

Liabilities related to assets classified as held for sale

Liabilities related to assets classified as held for sale

31/12/2020

108

Liabilities related to assets classified as held for sale

31/12/2019

1,043

TOTAL EQUITY AND LIABILITIES

TOTAL EQUITY AND LIABILITIES

31/12/2020

305,891

TOTAL EQUITY AND LIABILITIES

31/12/2019

303,284

5.1.2 Economic environment

5.1.2.1 Market prices for electricity and the principal energy sources

In an interconnected European market, analysis of French market prices must be related to analysis of market prices in the neighbouring countries.

Spot electricity prices in 2020 were lower than in 2019 throughout Europe.

5.1.2.1.1 Spot electricity prices in Europe(1)
 FranceUnited KingdomItalyGermanyBelgium
Average base load price for 2020 (€/MWh)

Average base load price for 2020 (€/MWh)

France

32.2

Average base load price for 2020 (€/MWh)

United Kingdom

39.6

Average base load price for 2020 (€/MWh)

Italy

38.9

Average base load price for 2020 (€/MWh)

Germany

30.5

Average base load price for 2020 (€/MWh)

Belgium

31.9

Variation in average base load prices, 2020/2019

Variation in average base load prices, 2020/2019

France

- 18.4%

Variation in average base load prices, 2020/2019

United Kingdom

- 19.2 %

Variation in average base load prices, 2020/2019

Italy

- 25.6%

Variation in average base load prices, 2020/2019

Germany

- 19.1%

Variation in average base load prices, 2020/2019

Belgium

- 19.0%

 Average peak load price for 2020 (€/MWh)

 Average peak load price for 2020 (€/MWh)

France

39,0

 Average peak load price for 2020 (€/MWh)

United Kingdom

46,1

 Average peak load price for 2020 (€/MWh)

Italy

44.7

 Average peak load price for 2020 (€/MWh)

Germany

37.5

 Average peak load price for 2020 (€/MWh)

Belgium

37.9

Variation in average peak load prices, 2020/2019

Variation in average peak load prices, 2020/2019

France

-15.9%

Variation in average peak load prices, 2020/2019

United Kingdom

- 13.8%

Variation in average peak load prices, 2020/2019

Italy

- 23.4%

Variation in average peak load prices, 2020/2019

Germany

- 15.7%

Variation in average peak load prices, 2020/2019

Belgium

- 18.1%

(1) France and Germany: average previous day EPEXSPOT price for same-day delivery; Belgium: average previous day Belpex price for same-day delivery; United Kingdom: average previous day EDF Trading OTC price for same-day delivery; Italy: average previous day GME price for same-day delivery.