Investments in associates and joint ventures are as follows:
31/12/2020 | 31/12/2019 | |||||
|---|---|---|---|---|---|---|
(in millions of euros) | Notes | Ownership% | Share of net equity | Share of net income | Share of net equity | Share of net income |
Principal investments in associates | Principal investments in associates 31/12/2020
| Principal investments in associates 31/12/2019
| ||||
| CTE | CTE 31/12/2020 12.1 | CTE 31/12/2019 50.10 | 1,378 | 237 | 1,417 | 308 |
| Taishan (TNPJVC)* | Taishan (TNPJVC) *31/12/2020 12.2 | Taishan (TNPJVC) *31/12/2019 30.00 | n.c. | n.c. | 1,165 | 13 |
| Other investments held by EDF SA | Other investments held by EDF SA 31/12/2020 12.3 | Other investments held by EDF SA 31/12/2019 n.a | 1,742 | - | 1,448 | 59 |
| Investments held by EDF Renewables | Investments held by EDF Renewables 31/12/2020 12.3 | Investments held by EDF Renewables 31/12/2019 n.a | 1,198 | 70 | 1,063 | 77 |
| Other investments in associates and joint ventures | Other investments in associates and joint ventures 31/12/2020 12.3 | Other investments in associates and joint ventures 31/12/2019 n.a | n.c. | n.c. | 1,321 | 62 |
Subtotal | Subtotal 31/12/2020
| Subtotal 31/12/2019
| 6,794 | 362 | 6,414 | 519 |
| CENG (reclassified as assets held for sale) | CENG (reclassified as assets held for sale) 31/12/2020 3.2 | CENG (reclassified as assets held for sale) 31/12/2019 49.99 | n.a. | 63 | n.a | 288 |
| Alpiq (sold on 28 May 2019) | Alpiq (sold on 28 May 2019) 31/12/2020 3.1.2 | Alpiq (sold on 28 May 2019) 31/12/2019 n.a | n.a. | n.a | n.a | 11 |
| Subtotal | Subtotal 31/12/2020
| Subtotal 31/12/2019
| 63 | 299 | ||
TOTAL | TOTAL 31/12/2020
| TOTAL 31/12/2019
| 6,794 | 425 | 6,414 | 818 |
n.a = not applicable. n.c. = not communicated.
*The financial data for Taishan at 31 December 2020 are not reported in this table as CGN (Taishan’s parent company) publishes its consolidated financial statements later than the Group.
The key financial indicators for the CTE subgroup (on a 100% basis) are as follows:
(in millions of euros) | 31/12/2020 | 31/12/2019 |
|---|---|---|
| Non-current assets | Non-current assets 31/12/2020 19,202 | Non-current assets 31/12/2019 18,568 |
| Current assets | Current assets 31/12/2020 3,712 | Current assets 31/12/2019 3,120 |
TOTAL ASSETS | TOTAL ASSETS 31/12/2020 22,914 | TOTAL ASSETS 31/12/2019 21,688 |
| Equity | Equity 31/12/2020 2,750 | Equity 31/12/2019 2,829 |
| Non-current liabilities | Non-current liabilities 31/12/2020 15,630 | Non-current liabilities 31/12/2019 15,059 |
| Current liabilities | Current liabilities 31/12/2020 4,534 | Current liabilities 31/12/2019 3,800 |
TOTAL EQUITY AND LIABILITIES | TOTAL EQUITY AND LIABILITIES 31/12/2020 22,914 | TOTAL EQUITY AND LIABILITIES 31/12/2019 21,688 |
| Sales | Sales 31/12/2020 4,729 | Sales 31/12/2019 4,856 |
| Operating profit before depreciation and amortisation | Operating profit before depreciation and amortisation 31/12/2020 1,914 | Operating profit before depreciation and amortisation 31/12/2019 2,181 |
Net income | Net income 31/12/2020 473 | Net income 31/12/2019 615 |
| Net indebtedness | Net indebtedness 31/12/2020 12,700 | Net indebtedness 31/12/2019 12,256 |
| Gains and losses recorded directly in equity | Gains and losses recorded directly in equity 31/12/2020 (279) | Gains and losses recorded directly in equity 31/12/2019 (188) |
| Dividends paid | Dividends paid 31/12/2020 367 | Dividends paid 31/12/2019 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 usesRTE’s network to convey energy to the distribution network.
