EDF / 2018 Reference document

6.

FINANCIAL STATEMENTS Cash flows and other information

uclear fuel purchases 46.1.1.1.3 Commitments for purchases of nuclear fuel arise from supply contracts for the nuclear plants intended to cover the EDF group’s needs for uranium and fluoration, enrichment and fuel assembly production services.

Gas purchases and related services 46.1.1.1.4 Gas purchase commitments are principally undertaken by Edison and EDF. The volumes concerned for both entities at 31 December 2018 are as follows:

31/12/2018

31/12/2017

Maturity

Total

< 1 year

1-5 years > 5 years

Total

(in billions of m 3 )

Edison

140

13

40

87 16

154

EDF

22

1

5

24

Gas purchase contracts Edison has entered into agreements to import natural gas from Russia, Libya, Algeria and Qatar, for a total maximum volume of 14.4 billion m 3 per year. The terms of these contracts vary between 3 and 18 years, with the exception of the contracts with Algeria and Russia which terminate at the end of 2019.

Gas-related service contracts Under the contract with Terminale GNL Adriatico, Edison also benefits from approximately 80% of the terminal’s regasification capacities until 2034, for an annual premium of approximately €100 million. Under the contract with the Dunkerque LNG methane terminal, EDF benefits from approximately 61% of the terminal’s regasification capacities until 2037, in return for payment of an annual premium of approximately €150 million. A provision for onerous contract has been recorded in connection with this contract – see note 3.3.

Operating contract performance commitments given 46.1.1.2 At 31 December 2018, these commitments mature as follows:

31/12/2018

31/12/2017

Maturity

Total 7,047 6,898

< 1 year 1-5 years > 5 years

Total 7,074 6,460

(in millions of euros)

Operating guarantees given

3,185 3,960

2,124 2,352

1,738

Operating purchase commitments (1) Other operating commitments

586

172

64

95

13

205

14,117

7,209

4,571

2,337

13,739

OPERATING CONTRACT PERFORMANCE COMMITMENTS GIVEN (2)

Excluding fuel and energy. (1) Including commitments given by controlled entities to joint ventures, amounting to €982 million at 31 December 2018 (€835 million at 31 December 2017). (2)

In the course of its business, the Group provides contract performance guarantees, generally through the intermediary of banks.

Operating guarantees given at 31 December 2018 mainly consist of guarantees given by EDF, Edison and EDF Renewables in connection with its development projects.

Operating guarantees given 46.1.1.2.1 Operating guarantees given are as follows:

31/12/2018

31/12/2017

(in millions of euros)

EDF

2,038 1,677 1,262

2,270 1,363 1,215

EDF Renewables

Edison

EDF Energy Framatome Other entities

795 517 758

732 714 780

7,047

7,074

TOTAL

418

EDF I Reference Document 2018