| (in millions of euros) | 31/12/2021 | 31/12/2020 | Variation |
|---|---|---|---|
| Investment funds | Investment funds 31/12/20212,598 |
Investment funds 31/12/20202,443 |
Investment funds Variation155 |
| Short-term negotiable debt instruments in Euros and foreign currencies (1) | Short-term negotiable debt instruments in Euros and foreign currencies (1)31/12/202150 |
Short-term negotiable debt instruments in Euros and foreign currencies (1)31/12/20201,738 |
Short-term negotiable debt instruments in Euros and foreign currencies (1)Variation(1,688) |
| Shares received as guarantees (2) | Shares received as guarantees (2)31/12/2021408 |
Shares received as guarantees (2)31/12/2020- |
Shares received as guarantees (2)Variation408 |
| Bonds (1) | Bonds (1)31/12/20217,500 |
Bonds (1)31/12/20208,830 |
Bonds (1)Variation(1,330) |
| Accrued interest and other marketable securities | Accrued interest and other marketable securities 31/12/202149 |
Accrued interest and other marketable securities 31/12/202054 |
Accrued interest and other marketable securities Variation(5) |
| Total gross value | Total gross value31/12/202110,605 | Total gross value31/12/202013,065 | Total gross valueVariation(2,460) |
| Provisions | Provisions 31/12/2021(20) |
Provisions 31/12/2020(4) |
Provisions Variation(16) |
| TOTAL NET VALUE | TOTAL NET VALUE31/12/202110,585 | TOTAL NET VALUE31/12/202013,061 | TOTAL NET VALUEVariation(2,476) |
(1) The decrease in negotiable debt instruments and bonds is explained by the aim of reducing the credit risk and increasing liquid assets (sight deposits, investment funds).
(2) This comprises €408 million of bonds received as a guarantee from a banking partner, recognised via financial liabilities (see note 33 (3)).
| (in millions of euros) | 31/12/2021 | 31/12/2020 | Variation |
|---|---|---|---|
| Marketable securities | Marketable securities 31/12/202110,605 |
Marketable securities 31/12/202013,065 |
Marketable securities Variation(2,460) |
| Cash and cash equivalents | Cash and cash equivalents 31/12/20218,433 (1) |
Cash and cash equivalents 31/12/20205 364 |
Cash and cash equivalents Variation3,069 |
| Sub-total in balance sheet assets | Sub-total in balance sheet assets31/12/202119,038 | Sub-total in balance sheet assets31/12/202018,429 | Sub-total in balance sheet assetsVariation609 |
| Euro investment funds | Euro investment funds 31/12/2021(2,598) |
Euro investment funds 31/12/2020(2,443) |
Euro investment funds Variation(155) |
| Negotiable debt instruments (Euro) maturing after 3 months | Negotiable debt instruments (Euro) maturing after 3 months 31/12/2021(50) |
Negotiable debt instruments (Euro) maturing after 3 months 31/12/2020(937) |
Negotiable debt instruments (Euro) maturing after 3 months Variation887 |
| Negotiable debt instruments (non Euro) maturing after 3 months | Negotiable debt instruments (non Euro) maturing after 3 months 31/12/2021- |
Negotiable debt instruments (non Euro) maturing after 3 months 31/12/2020(801) |
Negotiable debt instruments (non Euro) maturing after 3 months Variation801 |
| Shares received as guarantees | Shares received as guarantees 31/12/2021(408) |
Shares received as guarantees 31/12/2020- |
Shares received as guarantees Variation(408) |
| Bonds | Bonds 31/12/2021(7,500) |
Bonds 31/12/2020(8,830) |
Bonds Variation1,330 |
| Treasury shares | Treasury shares 31/12/2021- |
Treasury shares 31/12/2020- |
Treasury shares Variation- |
| Accrued interest | Accrued interest 31/12/2021(49) |
Accrued interest 31/12/2020(54) |
Accrued interest Variation5 |
| Marketable securities included in financial assets in the cash flow statement | Marketable securities included in financial assets in the cash flow statement31/12/2021(10,605) | Marketable securities included in financial assets in the cash flow statement31/12/2020(13,065) | Marketable securities included in financial assets in the cash flow statementVariation2,460 |
| Cash advances to subsidiaries (cash pooling agreements) included in “other operating receivables” in the balance sheet | Cash advances to subsidiaries (cash pooling agreements) included in “other operating receivables” in the balance sheet 31/12/2021- |
Cash advances to subsidiaries (cash pooling agreements) included in “other operating receivables” in the balance sheet 31/12/2020- |
Cash advances to subsidiaries (cash pooling agreements) included in “other operating receivables” in the balance sheet Variation- |
| Cash advances from subsidiaries (cash pooling agreements) included in “other operating liabilities” in the balance sheet | Cash advances from subsidiaries (cash pooling agreements) included in “other operating liabilities” in the balance sheet 31/12/2021(6,872) |
Cash advances from subsidiaries (cash pooling agreements) included in “other operating liabilities” in the balance sheet 31/12/2020(5,620) |
Cash advances from subsidiaries (cash pooling agreements) included in “other operating liabilities” in the balance sheet Variation(1,252) |
| Cash and cash equivalents, closing balance in the cash flow statement * | Cash and cash equivalents, closing balance in the cash flow statement *31/12/20211,561 | Cash and cash equivalents, closing balance in the cash flow statement *31/12/2020(256) | Cash and cash equivalents, closing balance in the cash flow statement *Variation1,817 |
| Elimination of the effect of currency fluctuations | Elimination of the effect of currency fluctuations 31/12/2021
|
Elimination of the effect of currency fluctuations 31/12/2020
|
Elimination of the effect of currency fluctuations Variation80 |
| Elimination of net financial income on cash and cash equivalents and other items | Elimination of net financial income on cash and cash equivalents and other items 31/12/2021
|
Elimination of net financial income on cash and cash equivalents and other items 31/12/2020
|
Elimination of net financial income on cash and cash equivalents and other items Variation(316) |
| NET VARIATION IN CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT * | NET VARIATION IN CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT *31/12/2021
|
NET VARIATION IN CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT *31/12/2020
|
NET VARIATION IN CASH AND CASH EQUIVALENTS IN THE CASH FLOW STATEMENT *Variation1,581 |
*See the Cash flow statement.
(1) Including €36 million corresponding to all debit balances relating to margin calls on derivatives at 31 December 2021 (see note 20 (3)).
Including €36 million corresponding to all debit balances relating to margin calls on derivatives at 31 December 2021 (see note 20 (3)).
An entity is considered non-autonomous when it is a holding company, generates the majority of its sales with EDF group entities, or does not have the status of employer.
The main subsidiaries classified as non-autonomous are C2, C3, EDF Holding et EDF International, and the main subsidiaries classified as autonomous are Enedis, PEI, Sofilo and GGF.
In the cash flow statement, the cash positions of autonomous subsidiaries are presented as a deduction from “Cash and cash equivalents”. The cash positions of non-autonomous subsidiaries are included in the components of the changes in working capital.
