EDF / 2018 Reference document

FINANCIAL STATEMENTS Operating assets and liabilities, equity

TRADE RECEIVABLES NOTE 25

Details of net trade receivables are as follows:

31/12/2017 restated

31/12/2018

(in millions of euros)

Trade receivables, gross value – excluding EDF Trading

14,468

14,359

Trade receivables, gross value – EDF Trading

2,446

3,530

Impairment

(1,004) 15,910

(1,046) 16,843

TRADE RECEIVABLES, NET VALUE

Most trade receivables mature within one year.

Advances received from customers in France who pay in regular monthly instalments, amounting to €6,827 million at 31 December 2018 (€6,568 million at 31 December 2017), are deducted from trade receivables (see note 2.1.3.2).

25.1

TRADE RECEIVABLES DUE AND NOT YET DUE

31/12/2018

31/12/2017

Gross value Provision Net value

Gross value Provision Net value

(in millions of euros)

16,914 1,318

(1,004)

15,910 1,104

17,889 1,172

(1,046)

16,843

TRADE RECEIVABLES

6.

overdue by up to 6 months overdue by 6-12 months

(214) (152) (511) (877) (127)

(260) (137) (532) (929) (117)

912 298 358

393 877

241 366

435 890

overdue by more than 12 months

Trade receivables due

2,588

1,711

2,497

1,568

Trade receivables not yet due

14,326

14,199

15,392

15,275

25.2

ASSIGNMENT OF RECEIVABLES

31/12/2018

31/12/2017

(in millions of euros)

Trade receivables assigned and wholly retained in the balance sheet Trade receivables assigned and partly retained in the balance sheet

-

-

38

41

Trade receivables assigned and wholly derecognised

1,095

903

The Group assigned trade receivables for a total of €1,095 million at 31 December 2018, mainly concerning EDF SA, Edison and Dalkia (€903 million in December 2017).

As most assignment operations are carried out on a recurrent, without-recourse basis, the corresponding receivables are no longer carried in the Group’s consolidated balance sheet.

CONTRACT ASSETS 25.3 Contract assets are rights held by an entity to receive a consideration in return for goods or services supplied to customers, when such rights are conditional on something other than the passage of time.

The contract assets included in receivables represent an amount of €225 million at 31 December 2017 and €439 million at 31 December 2018 and mainly concern the Framatome, Dalkia and EDF Renewables operating segments.

375

EDF I Reference Document 2018