Résultats

The rise in income before taxes of consolidated companies (+ 802 million) was almost totally offset by the unfavourable variations in income taxes... calculated using the tax rates adopted at the year... Goodwill and business combinations Business combinations are recognized under the purchase method defined in IFRS 3.

for example hedging instruments and available... 3 9 Goodwill and business combinations 3 9 2 Measurement and presentation of goodwill Goodwill on acquisition of subsidiaries. (i) the organization' s responsiveness, (ii) the independence of the risk control functions from the activities which generate risks and (iii) the responsibility of the entities for the management of their exposures.

or fair value on hedging instruments and available for sale financial assets... "Business combinations", goodwill is the difference between. the sum of the following items. EDF initiated quality assurance procedures for these three activities in France and in the French overseas departments, which resulted in each of the Hydropower Operating Divisions obtaining ISO 9001 certification at the end of 2003.

or fair value on hedging instruments and available for sale financial assets... "Business combinations", goodwill is the difference between. the sum of the following items. EDF initiated quality assurance procedures for these three activities in France and in the French overseas departments, which resulted in each of the Hydropower Operating Divisions obtaining ISO 9001 certification at the end of 2003.

When the difference is negative, it is immediately included in the income statement. The fair values of assets and liabilities and the resulting goodwill are finalised within twelve months of the acquisition.

1 3 9 Earnings per share and diluted earnings per share Earnings per share is calculated by dividing the Group' s share of net income by the weighted average number of shares outstanding over the period. This weighted average number of shares outstanding is the number of ordinary shares at the start of the year, adjusted by the number of shares redeemed or issued during the year.

1 6 Deferred taxation Deferred taxes are recorded under the liability method of tax allocation in respect of temporary differences between the book value of assets and liabilities and their value for tax purposes. If the tax rate changes, deferred taxes are adjusted to the new rate and the adjustment is charged to the income statement.

or significant influence. 4 9 Income taxes Deferred taxes are recorded under the liability method of tax allocation in respect of temporary differences between the book value of assets and liabilities and their value for tax purposes. If the tax rate changes, deferred taxes are adjusted to the new rate and the adjustment is recorded in the income statement.

and lower tax rates in the US and in Belgium impacting deferred tax... And as you are well aware, there are still some remaining uncertainties regarding market conditions... Could you update us on whether things are moving there? And, last point, we had Cour des comptes issuing a report a recently saying that they view the remuneration of the Linky scheme as too generous.

plant and equipment Investments Investments in companies accounted for under the equity method Fixed assets Deferred tax assets Inventories... term financial assets Cash and cash equivalents Current assets TOTAL ASSETS 11 12 13 14 15 5 808 994 101 063 7 411 2 195 117 471 169 7 380 11 583 5 279 2 577 3 697 30 685 148 156 31 12 02 31 12 02 pro forma (1() 2) 6 748 1 022 102 184 7 436 2 300 119 690 380 7 661 12 368 6 105 2 443 2 238 31 195 150 885 6 749 1 022 95 422 8 569 2 305 114 067 353 8 102 12 368 6 107 1 540 2 238 30 708 144 775 LIABILITIES (in millions of euros) Notes 30 06 2003 Capital Consolidated reserves and income Equity Minority interests Interest in concessionary plant facilities Provisions for end of nuclear fuel cycle Decommissioning and last core provisions Provisions for employee benefits Provisions for renewal of plants under concession Other provisions for risks and expenses Deferred tax liabilities Loans and other financial liabilities Trade creditors and other current liabilities payable Other liabilities TOTAL LIABILITIES 8 129 11 515 19 644 963 20 767 14 424 11 926 2 218 13 001 4 219 5 936 30 814 5 968 18 276 148 156 31 12 02 31 12 02 pro forma (1() 2) 8 129 11 157 19 286 8 129 5 754 13 883 943 20 822 14 182 14 537 2 150 12 451 3 867 6 199 31 544 6 353 18 551 150 885 986 20 822 14 182 14 537 2 150 12 451 6 670 4 129 29 542 6 353 19 070 144 775 16 17 18 19 20 (1") Published in the 2003 format.