Universal Registration Document 2022

Introduction

18.3.2 Loans and other financial liabilities
18.3.2.1 Changes in loans and other financial liabilities
(in millions of euros) Bonds Loans from financial institutions Other financial liabilities Lease liability Accrued Interest Total
Balances at 31/12/2021 Balances at 31/12/2021Bonds49,242 Balances at 31/12/2021Loans from financial institutions3,690 Balances at 31/12/2021Other financial liabilities10,992 Balances at 31/12/2021Lease liability4,337 Balances at 31/12/2021Accrued Interest1,145 Balances at 31/12/2021Total69,406
Increases

Increases

Bonds

2,971

Increases

Loans from financial institutions

17,126

Increases

Other financial liabilities

14,108

Increases

Lease liability

353

Increases

Accrued Interest

204

Increases

Total

34,762
Decreases

Decreases

Bonds

(2,833)

Decreases

Loans from financial institutions

(476)

Decreases

Other financial liabilities

(1,942)

Decreases

Lease liability

(702)

Decreases

Accrued Interest

(104)

Decreases

Total

(6,057)
Translation adjustments

Translation adjustments

Bonds

(237)

Translation adjustments

Loans from financial institutions

21

Translation adjustments

Other financial liabilities

(145)

Translation adjustments

Lease liability

(6)

Translation adjustments

Accrued Interest

5

Translation adjustments

Total

(362)
Changes in scope of consolidation

Changes in scope of consolidation

Bonds

(10)

Changes in scope of consolidation

Loans from financial institutions

(82)

Changes in scope of consolidation

Other financial liabilities

2

Changes in scope of consolidation

Lease liability

(19)

Changes in scope of consolidation

Accrued Interest

-

Changes in scope of consolidation

Total

(109)
Changes in fair value

Changes in fair value

Bonds

(3,983)

Changes in fair value

Loans from financial institutions

3

Changes in fair value

Other financial liabilities

(9)

Changes in fair value

Lease liability

-

Changes in fair value

Accrued Interest

-

Changes in fair value

Total

(3,989)
Other changes(1)

Other changes

(1)Bonds

-

Other changes

(1)Loans from financial institutions

(4)

Other changes

(1)Other financial liabilities

2,109

Other changes

(1)Lease liability

306

Other changes

(1)Accrued Interest

(9)

Other changes

(1)Total

2,402
BALANCES AT 31/12/2022 BALANCES AT 31/12/2022Bonds45,150 BALANCES AT 31/12/2022Loans from financial institutions20,278 BALANCES AT 31/12/2022Other financial liabilities25,115 BALANCES AT 31/12/2022Lease liability4,269 BALANCES AT 31/12/2022Accrued Interest1,241 BALANCES AT 31/12/2022Total96,053

(1) Other changes include €2,2021 millions corresponding to reclassification of perpetual subordinated bonds as Other financial liabilities in view of the commitment to redeem those bonds at 29 January 2023 (see note 14.4.1).

The principal bond-related operations of 2022 were:

  • senior bond issues in October 2022 with gross value of €3.0 billion (see note 18.3.2.2);
  • bond redemptions of €2.8 billion during the year, comprising €2 billion in January 2022, €0.3 billion in June 2022, and €0.5 billion in December 2022.
  • The principal operations in 2022 relating to loans from financial institutions were the conclusion of bilateral 3-year credit lines with a group of 18 banks for €13.1 billion, US$2.2 billion and ¥38 billion (a total of €15.4 billion), and new drawings on the European Investment bank financing amounting to €0.8 billion, maturing in 2032. Drawings were made on all these credit facilities in 2022.

At 31 December 2022, EDF’s other financial liabilities include negotiable debt instruments amounting to €10,638 million, and an amount of €9,265 million recognised in respect of the cash received for debt securities transferred to several banks under repurchase agreements. These operations do not affect the net indebtedness.

A breakdown of the issuance and repayments of borrowings as presented in the cash flow statement is presented below:

(in millions of euros) Bonds Loans from financial institutions Other financial liabilities Lease liability Termination of hedging derivatives 31/12/2022
Issuance of borrowings Issuance of borrowingsBonds

2,971

 Issuance of borrowingsLoans from financial institutions

17,126

 Issuance of borrowingsOther financial liabilities

14,108

 Issuance of borrowingsLease liability

 -

 Issuance of borrowingsTermination of hedging derivatives

(40)

 Issuance of borrowings31/12/2022

34,165
Repayments of borrowings Repayments of borrowingsBonds

(2,833)

 Repayments of borrowingsLoans from financial institutions

(476)

 Repayments of borrowingsOther financial liabilities

(1,942)

 Repayments of borrowingsLease liability

(702)

 Repayments of borrowingsTermination of hedging derivatives

77

 Repayments of borrowings31/12/2022

(5,876)