Universal Registration Document 2021

18.3 Subsidiaries and investments under 50% of capital

(in millions of euros)	Gross book value of shares owned	Impairment recorded at 31/12/2021	% capital owned	Equity 2020	Net income 2020	Dividends received in 2021
I. Subsidiaries	I. SubsidiariesGross book value of shares owned	I. SubsidiariesImpairment recorded at 31/12/2021	I. Subsidiaries% capital owned	I. SubsidiariesEquity 2020	I. Subsidiaries Net income 2020	I. Subsidiaries Dividends received in 2021
Total I Carried forward	Total I Carried forwardGross book value of shares owned60,729	Total I Carried forwardImpairment recorded at 31/12/2021559	Total I Carried forward% capital owned-	Total I Carried forwardEquity 2020-	Total I Carried forward Net income 2020-	Total I Carried forward Dividends received in 20211,934
II Investments	II InvestmentsGross book value of shares owned	II InvestmentsImpairment recorded at 31/12/2021	II Investments% capital owned	II InvestmentsEquity 2020	II Investments Net income 2020	II Investments Dividends received in 2021
II.1 Companies in which EDF has an interest of between 10% and 50%:	II.1 Companies in which EDF has an interest of between 10% and 50%: Gross book value of shares owned	II.1 Companies in which EDF has an interest of between 10% and 50%: Impairment recorded at 31/12/2021	II.1 Companies in which EDF has an interest of between 10% and 50%: % capital owned	II.1 Companies in which EDF has an interest of between 10% and 50%: Equity 2020	II.1 Companies in which EDF has an interest of between 10% and 50%: Net income 2020	II.1 Companies in which EDF has an interest of between 10% and 50%: Dividends received in 2021
Industrial and commercial companies	Industrial and commercial companies Gross book value of shares owned	Industrial and commercial companies Impairment recorded at 31/12/2021	Industrial and commercial companies % capital owned	Industrial and commercial companies Equity 2020	Industrial and commercial companies Net income 2020	Industrial and commercial companies Dividends received in 2021
France	FranceGross book value of shares owned	FranceImpairment recorded at 31/12/2021	France% capital owned	FranceEquity 2020	France Net income 2020	France Dividends received in 2021
Trimet France	Trimet France Gross book value of shares owned 130	Trimet France Impairment recorded at 31/12/2021 94	Trimet France % capital owned 35	Trimet France Equity 2020 296	Trimet France Net income 2020 34	Trimet France Dividends received in 2021 10
Dalkia Investissements	Dalkia Investissements Gross book value of shares owned 63	Dalkia Investissements Impairment recorded at 31/12/2021 56	Dalkia Investissements % capital owned 50,0	Dalkia Investissements Equity 2020 16	Dalkia Investissements Net income 2020 1	Dalkia Investissements Dividends received in 2021 nm
Total II.1	Total II.1Gross book value of shares owned193	Total II.1Impairment recorded at 31/12/2021150	Total II.1% capital owned	Total II.1Equity 2020	Total II.1 Net income 2020	Total II.1 Dividends received in 202110
II.2 Companies in which EDF has an interest of less than 10%:	II.2 Companies in which EDF has an interest of less than 10%: Gross book value of shares owned	II.2 Companies in which EDF has an interest of less than 10%: Impairment recorded at 31/12/2021	II.2 Companies in which EDF has an interest of less than 10%: % capital owned	II.2 Companies in which EDF has an interest of less than 10%: Equity 2020	II.2 Companies in which EDF has an interest of less than 10%: Net income 2020	II.2 Companies in which EDF has an interest of less than 10%: Dividends received in 2021
Other companies	Other companies Gross book value of shares owned -	Other companies Impairment recorded at 31/12/2021 -	Other companies % capital owned -	Other companies Equity 2020 -	Other companies Net income 2020 -	Other companies Dividends received in 2021 -
Other countries	Other countriesGross book value of shares owned	Other countriesImpairment recorded at 31/12/2021	Other countries% capital owned	Other countriesEquity 2020	Other countries Net income 2020	Other countries Dividends received in 2021
Force Motrice de Mauvoisin	Force Motrice de Mauvoisin Gross book value of shares owned 1	Force Motrice de Mauvoisin Impairment recorded at 31/12/2021 -	Force Motrice de Mauvoisin % capital owned 10	Force Motrice de Mauvoisin Equity 2020 121	Force Motrice de Mauvoisin Net income 2020 5	Force Motrice de Mauvoisin Dividends received in 2021 nm
Total II.2	Total II.2Gross book value of shares owned1	Total II.2Impairment recorded at 31/12/2021-	Total II.2% capital owned	Total II.2Equity 2020	Total II.2 Net income 2020	Total II.2 Dividends received in 2021-
Total II	Total IIGross book value of shares owned194	Total IIImpairment recorded at 31/12/2021150	Total II% capital owned-	Total IIEquity 2020-	Total II Net income 2020-	Total II Dividends received in 202110
Total subsidiaries and investments, gross	Total subsidiaries and investments, grossGross book value of shares owned60,923	Total subsidiaries and investments, grossImpairment recorded at 31/12/2021709	Total subsidiaries and investments, gross% capital owned-	Total subsidiaries and investments, grossEquity 2020-	Total subsidiaries and investments, gross Net income 2020-	Total subsidiaries and investments, gross Dividends received in 20211,944
TOTAL SUBSIDIARIES AND INVESTMENTS, NET	TOTAL SUBSIDIARIES AND INVESTMENTS, NETGross book value of shares owned60,214	TOTAL SUBSIDIARIES AND INVESTMENTS, NETImpairment recorded at 31/12/2021	TOTAL SUBSIDIARIES AND INVESTMENTS, NET% capital owned-	TOTAL SUBSIDIARIES AND INVESTMENTS, NETEquity 2020-	TOTAL SUBSIDIARIES AND INVESTMENTS, NET Net income 2020-	TOTAL SUBSIDIARIES AND INVESTMENTS, NET Dividends received in 2021

nm: not material (less than €500,000).

18.4 Investment securities portfolio

	At start of year			At year-end
(in millions of euros)	Gross book value	Net book value	Fair value	Gross book value	Net book value	Fair value
VALUE OF INVESTMENT SECURITIES	24,347	24,195	27,148	25,201	24,944	29,741

At 31 December 2021, the net value of the investment securities portfolio comprises €24,944 million of dedicated assets.

18.5 Treasury shares

A share repurchase programme was authorised by the General Shareholders’ Meeting of 6 May 2021 for a duration of 18 months, within the limit of 10% of the total number of shares making up the Company’s capital. This programme was implemented in 2021 for market making purposes through the liquidity contract.

	31/12/2020			Change in 2021	31/12/2021
(in millions of euros)	Gross value	Impairment	Net value		Gross value	Impairment	Net value
TREASURY SHARES	10	-	10	2	14	(2)	12

At 31 December 2021, a total 1,174,554 treasury shares are included in “investment securities” at the net value of €12 million.