Résultats

end 40 Subsequent events 40 Financial outlook 40 1 13 1 14 information on edf' s capital and governance bodies 40 1 12 1 Capital 40 1 12 2 Rules applicable to changes of bylaws 43 Corporate governance 44 1 13 1 Board of Directors 44 1 13 2 Chairman and ceo and Directors' remuneration 46 1 13 3 Governance bodies 48 1 13 4 Report of the Chairman of the Board required by article L.

with no impact at Group level 13 Consolidated financial statements Financing & cash management Strategy & investments Regulation EDF EN France International Markets Change in sales In millions of Euros H1 2014 Restated 20 352 H1 2015 20 791 % + 2 2 % org... with no impact at Group level 16 Consolidated financial statements Financing & cash management Strategy & investments Regulation EDF EN France International Markets Change in EBITDA In millions of Euros H1 2014 restated 6 097 1 174 456 298 808 8 833 H1 2015 6 359 1 312 246 352 878 9 147 % + 4 3 + 11 8 -46 1 + 18 1 + 8 7 + 3 6 % org.

-153m 6 359 Mainly wholesale markets H1 2014 (1() 1) Data restated for the impact of IFRIC 21 (2) Organic change at constant scope and exchange rates (3) French scope effect linked to the transfer of upstream gas portfolio management to" Other activities" with no impact at G roup level H1 2015 38 Consolidated financial statements Financing & cash management Strategy & investments Regulation EDF EN France International Markets United Kingdom.

or with environment or sanitary impacts)") measures both for accident prevention and compensation with respect to industrial accidents... A significant part of the EDF Group' s revenue is generated from activities subject to regulated tariffs, changes in which may have an impact on the EDF Group' s results.

Fixed rates Floating rates LOANS AND FINANCIAL LIABILITIES 41 150 6 627 47 777 The breakdown of loans and financial liabilities by interest rate includes the impact of all derivatives designated as hedges in accordance with IAS 39 .38 2 5 Credit lines At December 31, 2010. The impact of application of IFRS 5 on the figures published in 2009 is presented in note 2. 6 2010 FINANCIAL REPORT.

with" mitigation hierarchy" measures to avoid negative impact and a screening of potential sensitive biodiversity area for new projects. Opinion Advanced Good Environment EDF has set a target to assess the ecological sensitivity of the surrounding sites of all its industrial facilities by 2020 and implemented relevant measures to limit the impacts of its operations on biodiversity.

supporting businesses on major projects EDF' s response to an evolving landscape in the utility sector Major changes in European electricity markets Evolution of the integrated model Management of major projects Alignment of tariff trajectory with cost profile in France Operational steering rather than annual budgeting Role of financial management within businesses' organisation Training and career management" Costing" approach A necessary adaptation for our internal steering and controlling organisation A reengineering project of the Financial Management function Enhanced integration and evaluation of economic factors in our activities 12 2014 targets and 2014 2018 vision EBITDA growth excluding Edison (1) Edison EBITDA before effect of gas contract renegotiations Net financial debt /

Monitoring the environmental impact of the project CRITERIA An environmental impact study has been undertaken= (effects on the environment and identified measures) Environmental specifications of the project are monitored during the construction phase An Environment Referent has been designated for every project Contracts are established in compliance with the project' s' environmental specifications INDICATORS /

Monitoring the environmental impact of the project CRITERIA An environmental impact study has been undertaken= (effects on the environment and identified measures) Environmental specifications of the project are monitored during the construction phase An Environment Referent has been designated for every project Contracts are established in compliance with the project' s' environmental specifications INDICATORS /

negative impact on the Group' s financial results... EDF estimates that none of these lawsuits, individually, is likely to have a significant impact on its profits and financial position... The reassessments notified do not have any significant financial impact. 6 982 12 182 (15 600) 1 906 (1 512) 76 29 (8) 5 567 8 497 (6 791 ()1 591) 115 54 44 (37) 5 743 edf financial report 2011 11 Consolidated financial statements Changes in Consolidated Equity Changes in Consolidated Equity Capital Consolidated reserves and net income Treasury shares Translation adjustments Impact of fair value adjustment of financial instruments (1) Equity (EDF share) Equity (noncontrolling interests) Total equity (in millions of Euros) Equity at 12/31/2009 Gains and losses recorded directly in equity (2) Net income Net income and gains and losses recorded directly in equity Dividends paid Purchases /