Universal Registration Document 2020

6. Financial statements

18.1.1 Breakdown between current and non-current financial assets

Current and non-current financial assets break down as follows:

 31/12/202031/12/2019
(in millions of euros)CurrentNon-currentTotalCurrentNon-currentTotal
Instruments at fair value through OCI with recycling

Instruments at fair value through OCI with recycling

31/12/2020

13,044

Instruments at fair value through OCI with recycling

31/12/2019

5,696

18,74017,7116,20823,919
Instruments at fair value through OCI with no recycling

Instruments at fair value through OCI with no recycling

31/12/2020

34

Instruments at fair value through OCI with no recycling

31/12/2019

228

2625447452
Instruments at fair value through profit and loss

Instruments at fair value through profit and loss

31/12/2020

2,556

Instruments at fair value through profit and loss

31/12/2019

22,807

25,3631,59320,19321,786
Debt and equity securities

Debt and equity securities

31/12/2020

15,634

Debt and equity securities

31/12/2019

28,731

44,36519,30926,84846,157
Trading derivatives – Positive fair value

Trading derivatives – Positive fair value

31/12/2020

5,038

Trading derivatives – Positive fair value

31/12/2019

-

5,0386,813-6,813
Hedging derivatives – Positive fair value

Hedging derivatives – Positive fair value

31/12/2020

1,625

Hedging derivatives – Positive fair value

31/12/2019

3,814

5,4391,8033,9565,759
Loans and financial receivables*

Loans and financial receivables

*31/12/2020

1,235

Loans and financial receivables

*

31/12/2019

15,070

16,3051,47615,41516,891
CURRENT AND NON-CURRENTCURRENT AND NON-CURRENT31/12/2020

 

CURRENT AND NON-CURRENT

31/12/2019

 

    
FINANCIAL ASSETSFINANCIAL ASSETS31/12/2020

23,532

FINANCIAL ASSETS

31/12/2019

47,615

71,14729,40146,21975,620

* Including impairment of €(432) million at 31 December 2020 (€(352) million at 31 December 2019).

18.1.2 Debt and equity securities
Details of debt and equity securities

Financial assets are monitored and managed by the Group with two main objectives:

  • dedicated assets set aside in France for secure financing of nuclear plant decommissioning expenses and long-term storage expenses for radioactive waste, as required by Article L. 594 of France’sEnvironment Code. These assets consist of diversified investments in bonds, monetary and equity investment funds, and equity investments held by EDF Invest.The general management policy for dedicated assets and a breakdown of the portfolio is presented in note 15.1.2;
  • assets managed according to a liquidity-oriented policy (“liquid assets”).These are financial assets consisting of funds or interest rate instruments with initial maturity of over three months that are readily convertible into cash. EDF’s monetary investment funds included in liquid assets amount to €2,441 million at 31 December 2020 (€409 million at 31 December 2019).

Details of debt and equity securities are shown in the table below:

 31/12/202031/12/2019
(in millions of euros)At fair value through OCI with recyclingAt fair value through OCI with no recycling At fair value through profit and lossTotalTotal
Debt and equity securities

Debt and equity securities

31/12/2020

 

Debt and equity securities

31/12/2019

 

   
EDF dedicated assets

EDF dedicated assets

31/12/2020

6,172

EDF dedicated assets

31/12/2019

-

22,22628,39826,018
Liquid assets

Liquid assets

31/12/2020

12,509

Liquid assets

31/12/2019

-

2,51915,02818,900
Other assets*

Other assets

*31/12/2020

59

Other assets

*

31/12/2019

262

6189391,240
TOTALTOTAL31/12/2020

18,740

TOTAL

31/12/2019

262

25,36344,36546,157

* Investments in non-consolidated companies.

Changes in debt and equity securities
(in millions of euros)31/12/2019Net increasesChanges in fair valueChanges in scopeTranslation adjustmentsOther31/12/2020
Instruments at fair value through OCI with recycling

Instruments at fair value through OCI with recycling

31/12/2019

23,919

Instruments at fair value through OCI with recycling

Net increases

(5,091)

Instruments at fair value through OCI with recycling

Changes in fair value

143

Instruments at fair value through OCI with recycling

Changes in scope

-

Instruments at fair value through OCI with recycling

Translation adjustments

(243)

Instruments at fair value through OCI with recycling

Other

12

Instruments at fair value through OCI with recycling

31/12/2020

18,740

Instruments at fair value through OCI with no recycling

Instruments at fair value through OCI with no recycling

31/12/2019

452

Instruments at fair value through OCI with no recycling

Net increases

1

Instruments at fair value through OCI with no recycling

Changes in fair value

(39)

Instruments at fair value through OCI with no recycling

Changes in scope

(179)

Instruments at fair value through OCI with no recycling

Translation adjustments

-

Instruments at fair value through OCI with no recycling

Other

27

Instruments at fair value through OCI with no recycling

31/12/2020

262

Instruments at fair value through profit and loss

Instruments at fair value through profit and loss

31/12/2019

21,786

Instruments at fair value through profit and loss

Net increases

2,614

Instruments at fair value through profit and loss

Changes in fair value

819

Instruments at fair value through profit and loss

Changes in scope

121

Instruments at fair value through profit and loss

Translation adjustments

(8)

Instruments at fair value through profit and loss

Other

31

Instruments at fair value through profit and loss

31/12/2020

25,363

TOTAL DEBT AND EQUITY SECURITIESTOTAL DEBT AND EQUITY SECURITIES

31/12/2019

46,157

TOTAL DEBT AND EQUITY SECURITIES

Net increases

(2,476)

TOTAL DEBT AND EQUITY SECURITIES

Changes in fair value

923

TOTAL DEBT AND EQUITY SECURITIES

Changes in scope

(58)

TOTAL DEBT AND EQUITY SECURITIES

Translation adjustments

(251)

TOTAL DEBT AND EQUITY SECURITIES

Other

70

TOTAL DEBT AND EQUITY SECURITIES31/12/2020

44,365