Universal Registration Document 2021

At 31 December 2021, assets held for sale and related liabilities concern the following:

• the residual amount of assets corresponds to the price supplement for the Dvalin gas project (E&P in Norway) and Cassiopea (E&P in Italy);
• the residual amount of liabilities corresponds to provisions on the Energian contact.

The decrease in assets held for sale and related liabilities is explained by:

• the sale of Edison Norge in March 2021 (see note 1) which represented assets of €331 million and liabilities of €42 million at 31 December 2020;
• the sale of Infrastrutture Distribuzione Gas (IDG), a fully-owned subsidiary of Edison (see note 1) which represented assets of €98 million and liabilities of €7 million at 31 December 2020;
• the sale of the shares held in CENG (see note 3.1) in August 2021 which represented assets of €1,811 million at 31 December 2020.

3.2.2 Net income of discontinued operations

In the 2020 financial statements, the line “Net income of discontinued operations” comprised Edison’s E&P operations (excluding the Algerian and Norwegian operations), and impairment recognised in respect of these assets.

As these E&P operations were sold in December 2020, no net income of discontinued operations is presented in 2021 except for the estimated adjustments to prices or warranties related to the sale transaction (see note 1.4.2 to the consolidated financial statements at 31 December 2020).

The principal profit and loss indicators for the E&P operations (excluding the Algerian and Norwegian operations) in 2020 and 2021 are as follows: 

3.3 Scope of consolidation at 31 December 2021

The Group’s business sectors are defined as follows:

• “Generation/Supply” (G): generation of nuclear energy, thermal energy, and renewable energies (wind, photovoltaic and hydro) and energy sales to industry, local authorities, small businesses and private customers. This segment also includes trading activities;

• “Distribution” (D): management of the low and medium-voltage public electricity distribution networks;

• “Transmission” (T): operation, maintenance and development of the high-voltage and very-high-voltage electricity transmission networks;

• “Reactors and Services (Framatome)” (R): services and production of equipment and fuel for nuclear reactors;

• “Services and other activities” (O): energy services (district heating, thermal energy services, etc.) for industry and local authorities. This activity also includes EDF Invest’s holding companies and entities that are classified as dedicated

The companies and subgroups included in the EDF group consolidation are listed below.