EDF / 2018 Reference document

6.

FINANCIAL STATEMENTS Operating assets and liabilities, equity

OTHER INTANGIBLE ASSETS NOTE 19

The net value of other intangible assets breaks down as follows:

At 31 December 2018

Translation adjustments

Changes in scope

Other movements 31/12/2018

31/12/2017 Acquisitions Disposals

(in millions of euros)

Software

4,034

774 (165)

(10)

24

7

4,664

Positive fair value of commodity contracts acquired in a business combination Greenhouse gas emission rights – green certificates

810 440

-

-

-

- -

(229)

581 501

1,144 (1,082)

(2)

1

Other intangible assets

7,501 1,211

1,023

(40)

(11)

214

33 (5)

8,720 1,233

Intangible assets in development (1)

32

(6)

1

-

Gross value

13,996 (5,100)

2,973 (1,293)

(22)

238

(193)

15,699 (5,781)

Accumulated amortisation and impairment

(1,109)

170

15 (7)

2

241

8,896

1,864 (1,123)

240

48

9,918

NET VALUE

Increases in intangible assets in development are presented net of the effect of commissioning new assets. (1)

The gross value of other intangible assets at 31 December 2018 includes: the Edison brand and intangible assets related to Edison’s hydropower ■ concessions, amounting to €945 million and €729 million respectively; the Dalkia brand and intangible assets related to Dalkia’s concession agreements ■ in France, amounting to €130 million and €1,145 million respectively; the Framatome brand, Framatome’s nuclear technology-related intangible assets ■ and Framatome’s customer contracts, amounting to €151 million, €777 million and €344 million respectively.

Intangible assets in development include studies currently in process for the EPR2 project, amounting to €296 million. Impairment of €(52) million was recorded in respect of other intangible assets in 2018. EDF’s research and development expenses recorded in the income statement total €510 million for 2018.

At 31 December 2017

Translation adjustments

Changes in scope

Other movements 31/12/2017

31/12/2016 Acquisitions Disposals

(in millions of euros)

Software

3,624

638 (224)

(37)

23

10

4,034

Positive fair value of commodity contracts acquired in a business combination Greenhouse gas emission rights – green certificates

810 428

-

-

-

-

-

810 440

1,123 (1,107) 410 (113)

(7)

1

2

Other intangible assets

5,975

(46)

1,322

(47)

7,501 1,211

Intangible assets in development (1)

995

128

(2)

(6)

96

-

Gross value

11,832 (4,382)

2,299 (1,446)

(96)

1,442

(35)

13,996 (5,100)

Accumulated amortisation and impairment

(976)

272

58

(71)

(1)

7,450

1,323 (1,174)

(38)

1,371

(36)

8,896

NET VALUE

Increases in intangible assets in development are presented net of the effect of commissioning new assets. (1)

the Framatome brand, Framatome’s nuclear technology-related intangible assets ■ and Framatome’s customer contracts, amounting to €132 million, €702 million and €402 million respectively. Impairment of €(16) million was recorded in respect of other intangible assets in 2017. EDF’s research and development expenses recorded in the income statement totalled €546 million for 2017.

The gross value of other intangible assets at 31 December 2017 included: the Edison brand and intangible assets related to Edison’s hydropower ■ concessions, amounting to €945 million and €729 million respectively; the Dalkia brand and intangible assets related to Dalkia’s concession agreements ■ in France, amounting to €130 million and €962 million respectively;

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EDF I Reference Document 2018