Résultats

with an investment fund dedicated to the French nuclear industry... Furthermore, EDF participated in the setup of the largest investment fund dedicated to low carbon hydrogen.

and comprise bonds, equities, collective investment funds and" reserved" funds built up by the Group solely for its own use... They cover various segments of the bond or equity markets, with EDF aiming to achieve the broadest diversification possible, in the form of open end funds and" reserved" funds established by the Group solely for its own use.

CENG' s Investment Committee decides on the general investment strategy, including the allocation between asset categories... These funds comprise equities (38 %,) bonds and money market instruments (47 %,) real estate property (6 %) and other investments (9 %... These assets are clearly identified and managed separately from the company' s' other financial assets and investments.

portfolios; within each sub-portfolio, allocation by" class of secondary assets" ;of investment funds, aiming for diversification... through brokers, or via investment funds incorporating the concern for diversification... The unlisted assets are managed by EDF Invest (formed in July 2013 following the decree of 24 July 2013) and comprise infrastructures, real estate and investment funds.

The unlisted assets are managed by EDF Invest (formed in July 2013 following the decree of 24 July 2013) and comprise infrastructures, real estate and investment funds... monitoring of exposure between the" equities" and" bonds" sub portfolios ;within each sub-portfolio, allocation by" class of secondary assets" ;selection of investment funds, aiming for diversification.

equities and investment funds. The main variations of available for sale financial assets concern... Fair value 06.30.2009 229 249 21 673 1 172 192 2 253 2 445 4 982 228 5 210 180 7 835 9 007 Fair value 12.31.2008 222 235 19 670 1 146 157 2 145 2 302 4 495 597 5 092 118 7 512 8 658 (in millions of euros) North American equities European equities Japanese equities Worldwide bonds Total Reserved investment funds Securities Equities.

As a result, for accounting purposes the portfolio is evaluated as a whole, all funds combined, treating the cash flows generated as a group of financial assets... volatility analyses and assessment of individual fund manager quality... The rest comprise specialised collective investment funds on leading international markets, managed by independent asset management companies.

In September 2005, following fulfillment of the suspensive conditions contained in an agreement with the Argentine investment fund Grupo Dolphin, EDF sold 65 % of the capital of Edenor... 1 625 800 000 1 625 800 000 100 100 2002 2003 208 3 million 321 3 million 373 9 million From Nov 18, 2005 to Dec 19, 2005 French State Institutional and private investors Employees1 Employee investment fund Total 1, 2 1 625 800 000 187 869 028 1 813 669 028 89 6 2004 10 4 100 1 11 4 Scope of consolidation and corporate thresholds The full list of consolidated companies is attached to the consolidated financial statements.

These assets are clearly identified and managed separately from the company' s' other financial assets and investments... FCPE) Philippe Crouzet (shares held directly) Mireille Faugère (shares held directly) Alexandre Grillat (shares held through an employee investment fund.

Its partners UPC China, a long-standing local developer, and the US based investment fund Global Environment Fund (GEF) remain shareholders with a 20 % share of the company. This new partnership venture has been made possible thanks to EDF Group' s strong roots in the country, where it has been present for over 30 years through activities in nuclear, thermal and hydro generation as well as energy services.