EDF / 2018 Reference document

FINANCIAL STATEMENTS Balance sheet

BALANCE SHEET

GROSS VALUES OF INTANGIBLE NOTE 16 AND TANGIBLE FIXED ASSETS

Gross value at 31/12/2017

Gross value at 31/12/2018

Increases

Decreases

(in millions of euros)

Software

1,586

303

57 10 67 11 71

1,832

Other

247

22

259

Intangible assets

1,833

325

2,091

Land

119

3

111

Buildings

10,600 56,106 13,091

346

10,875 58,378 13,236

Nuclear power plants

3,322

1,050

Machinery and plant other than networks

376

231

EDF-owned networks

1,027 1,590

26

1

1,052 1,674

Other

151

67

Property, plant and equipment owned by EDF

82,533

4,224

1,431

85,326

Land

40

7

-

47

6.

Buildings

10,032

139

5

10,166

Machinery and plant other than networks

1,570 2,753

57

15 14

1,612 2,866

Concession networks

127

Other

20

-

-

20

Property, plant and equipment operated under concessions (1)

14,415 16,132

330

34

14,711 17,265

Tangible assets (2) Intangible assets (2)

5,396

4,263

707

405

336

776

Advances and progress payments on orders

3,004

69

-

3,073

Assets in progress

19,843 118,624

5,870 10,749

4,599 6,131

21,114 123,242

TOTAL INTANGIBLE AND TANGIBLE FIXED ASSETS (3)

Assets operated under concessions concern the Island Energy Systems public electricity distribution concessions and hydropower concessions. (1) Investments during the year mainly concern equipment for existing power plants and construction of the Flamanville 3 EPR plant. Intangible assets in progress (2) include studies currently in process for the EPR 2 project, amounting to €281 million. The capitalised value of the Flamanville 3 EPR project in the financial statements at 31 December 2018 is €10,552 * million (€10,312 million in property, plant (3) and equipment in progress and €241 million in property, plant and equipment in operation). In addition to the construction cost, this amount includes an inventory of spare parts and capitalised amounts totalling €328 million for related projects (notably the initial comprehensive inspection and North Area development), and €520 million of pre-operating expenses and other property, plant and equipment related to the Flamanville project, giving a total construction cost at historical value of €9,704 million. Depreciation and amortisation recognised at 31 December 2018 in respect of assets in operation amounts to €50 million.

* Interest is not capitalised in the parent company financial statements.

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EDF I Reference Document 2018