EDF / 2018 Reference document

FINANCIAL STATEMENTS Operating assets and liabilities, equity

OTHER LIABILITIES NOTE 35

Details of other liabilities are as follows:

31/12/2017 restated (1)

31/12/2018

(in millions of euros)

Advances and progress payments received

1,920 3,757 4,624 4,388 3,413

1,819 3,711 4,672 4,171 3,606

Liabilities related to property, plant and equipment

Tax liabilities Social charges

Deferred income on long-term contracts

Other deferred income

609

499

Other

2,198

2,436

OTHER LIABILITIES Non-current portion

20,908 20,914

4,896

4,864

Current portion

16,012 16,050

The published figures at 31 December 2017 have been restated according to IFRS 15 (note 2.1.3.2). (1)

35.1

ADVANCES AND PROGRESS

35.4

OTHER ITEMS

6.

PAYMENTS RECEIVED Advances and progress payments received comprise €679 million of payments made by the customers in Framatome’s long-term contracts (€738 million at 31 December 2017). 35.2 At 31 December 2018, tax liabilities mainly include an amount of €659 million for the CSPE to be collected by EDF on energy supplied but not yet billed, less the CSPE collected on advances from customers who pay in regular monthly instalments (€711 million at 31 December 2017). TAX LIABILITIES CONTRACTS EDF’s deferred income on long-term contracts at 31 December 2018 comprises €1,663 million (€1,711 million at 31 December 2017) of partner advances made to EDF under the nuclear plant financing plans. Deferred income on long-term contracts also includes an advance of €1.7 billion paid to the EDF group in 2010 under the agreement with the Exeltium consortium. This advance is transferred to the income statement progressively over the term of the contract (24 years). DEFERRED INCOME ON LONG-TERM 35.3

The “Other” line of the table includes investment subsidies received during 2018, amounting to €351 million (€348 million in 2017).

35.5

CONTRACT LIABILITIES

Contract liabilities represent an entity’s obligations to provide customers with goods or services for which it has already been paid, or for which payment is due. These liabilities consist of practically all the advances and progress payments received, amounting to €1,858 million (principally concerning the Framatome, United Kingdom and France – Regulated activities segments), and practically all the deferred income (on long-term and other contracts), amounting to €3,990 million (principally concerning the France – Generation and Supply segment). They thus total €5,848 million at 31 December 2018 (€5,876 million at 31 December 2017). Contracts expiring in more than one year on which obligations are unfulfilled or partially fulfilled at the reporting date should generate sales revenues of approximately €12,852 million which have not yet been recognised. €1,400 million of these sales revenues will be recognised progressively until 2034 on the Exeltium contract, and the balance will be recognised over the operating period for contracts relating to jointly-operated power plants, and over the term of the contract for other firm sale contracts (excluding energy sales).

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EDF I Reference Document 2018