EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

21.2

Goodwill by operating segment

The breakdown of goodwill between the new segments as presented in note 6.1 is as follows:

31/12/2019

31/12/2018

(in millions of euros)

France – Generation and Supply France – Regulated activities

72

53

223

223

Framatome

1,341 7,965

1,317 7,578

United Kingdom (EDF Energy)

Italy

104

108

Other international

33

20

Dalkia

544 199 142

548 206 142

EDF Renewables Other activities GROUP TOTAL

10,623

10,195

Other intangible assets Note 22

The net value of other intangible assets breaks down as follows:

Translation adjustments

Changes in scope  (2)

Other movements

31/12/2019

31/12/2018 Acquisitions

Disposals

(in millions of euros)

Software

4,664

726

(93)

50

(42)

(10)

5,295

Positive fair value of commodity contracts acquired in a business combination Greenhouse gas emission rights – green certificates

581

-

-

-

-

(77)

504

501

1,400

(1,436)

11 37

-

(2)

474

Other intangible assets

8,720

460

(15)

(1,195)

(88)

7,919

Intangible assets in development  (1)

1,233

183

(10)

8

(10)

11

1,415

Gross value

15,699 (2,417)

2,769

(1,554)

106 (36)

(1,247)

(166)

15,607 (2,963)

Software

(656)

92

41

13

Positive fair value of commodity contracts acquired in a business combination

(233)

(35)

-

-

-

77

(191)

Other intangible assets

(3,131)

(446)

11

(18)

475

6

(3,103)

Accumulated amortisation and impairment

(5,781)

(1,137)

103

(54)

516

96

(6,257)

NET VALUE

9,918

1,632

(1,451)

52

(731)

(70)

9,350

Increases in intangible assets in development are presented net of the effect of commissioning new assets. (1) Changes in scope essentially concern the reclassification of E&P concession assets as assets held for sale, and the sale of NnG (see note 3.4.5). (2)

The gross value of other intangible assets at 31 December 2019 includes: the Edison brand and intangible assets related to Edison’s hydropower ■ concessions, amounting to €945 million and €729 million respectively; the Dalkia brand and intangible assets related to Dalkia’s concession agreements ■ in France, amounting to €130 million and €1,120 million respectively; the Framatome brand, Framatome’s nuclear technology-related intangible assets ■ and Framatome’s customer contracts, amounting to €151 million, €777 million and €344 million respectively.

Intangible assets in development include studies currently in process for the EPR 2 project, amounting to €414 million. Impairment of €(47) million was recorded in respect of other intangible assets in 2019 (€(52) million in 2018). EDF’s research and development expenses recorded in the income statement total €523 million for 2019 (€510 million in 2018).

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EDF | Universal registration document 2019