EDF / 2018 Reference document

6.

FINANCIAL STATEMENTS Balance sheet

PROVISIONS FOR OTHER EXPENSES NOTE 31

Operating increases

Decreases

Other

31/12/2017

Utilisations Reversals

31/12/2018

(in millions of euros)

Provisions for: personnel expenses ■

69

66 10 70

(44)

(8)

-

83

renewal of facilities operated under concessions ■

264 605 938

-

-

(6)

268 515 866

other expenses ■

(100) (144)

(60) (68)

-

146

(6)

PROVISIONS FOR OTHER EXPENSES

LIABILITIES NOTE 32

Maturity

Gross value at 31/12/2018

Gross value at 31/12/2017

< 1 year 1 - 5 years > 5 years

(in millions of euros)

Liabilities Bonds

3,319

11,930

34,819

50,068

46,552

Borrowings from financial institutions

-

-

1,154

1,154 2,011

1,200 1,962

Other borrowings

1,999

6

6

Other financial liabilities: advances on consumption ■

1

5

20

26

27

other ■

1,385 6,704 7,134 7,329 8,157 2,670

-

-

1,385

1,700

Financial liabilities (see note 33)

11,941

35,999

54,644

51,441

Advances and progress payments received (1)

-

-

7,134 7,447 8,157 2,670

6,861 7,670 8,011 2,308

Trade payables and related accounts Tax and social security liabilities (2)

84

34

- - -

- - -

Liabilities related to fixed assets and related accounts

Other liabilities (3)

14,955 33,111

14,955 33,229

13,922 31,911

Operating, investment and other liabilities

84

34

Cash instruments (4) Deferred income (5) TOTAL LIABILITIES

1,805

620 907

1,037 1,629 38,699

3,462 3,116

4,471 3,285

580

49,334 97,969 Advances and progress payments received principally include monthly standing order payments by EDF’s residential and business customers, amounting (1) to €6,827 million at 31 December 2018 (€6,568 million at 31 December 2017). In 2018 this item includes an amount of €1,521 million for the CSPE to be collected by EDF on energy supplied but not yet billed (€1,562 million in 2017). (2) Mainly the amount of current accounts, cash pooling and cash management agreements with subsidiaries. (3) Essentially unrealised losses on foreign exchange instruments. (4) Deferred income at 31 December 2018 comprises the partner advances made to EDF under nuclear plant financing plans and the associated long-term contracts, (5) amounting to €1,663 million (€1,711 million in 2017). Deferred income on long-term contracts also includes the advance paid to EDF in 2010 under the agreement with the Exeltium consortium. This advance is transferred to the income statement progressively over the term of the contract. 13,552 101,585

478

EDF I Reference Document 2018