EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

28.1

Trade receivables due and not yet due

31/12/2019

31/12/2018

Gross value Provision Net value

Gross value

Provision Net value

(in millions of euros)

TRADE RECEIVABLES

16,649

(1,043)

15,606

16,914

(1,004)

15,910

overdue by up to 6 months overdue by 6-12 months

1,262

(187) (124) (514) (825) (218)

1,075

1,318

(214) (152) (511) (877) (127)

1,104

367 940

243 426

393 877

241 366

overdue by more than 12 months

Trade receivables due

2,569

1,744

2,588

1,711

Trade receivables not yet due

14,080

13,862

14,326

14,199

28.2

Assignment of receivables

31/12/2019

31/12/2018

(in millions of euros)

Trade receivables assigned and wholly retained in the balance sheet Trade receivables assigned and partly retained in the balance sheet

-

-

32

38

Trade receivables assigned and wholly derecognised

1,042

1,095

The Group assigned trade receivables for a total of €1,042 million at 31 December 2019, mainly concerning Edison, EDF SA and Dalkia (€1,095 million at 31 December 2018).

As most assignment operations are carried out on a recurrent, without-recourse basis, the corresponding receivables are no longer carried in the Group’s consolidated balance sheet.

28.3

Contract assets

Contract assets are rights held by an entity to receive a consideration in return for goods or services supplied to customers, when such rights are conditional on something other than the passage of time. Most contract assets mature within one year.

The contract assets included in receivables represent an amount of €400 million at 31 December 2019 and €439 million at 31 December 2018 and mainly concern Framatome, Dalkia and EDF Renewables.

Other receivables Note 29

Details of other receivables are as follows:

31/12/2019

31/12/2018

(in millions of euros)

Prepaid expenses

1,429 1,667 2,022 3,540 8,811 1,930 6,881 8,877 153

1,719

Compensation for Public Energy Service charges (CSPE)

799

VAT receivables

2,133

Other tax receivables

342

Other operating receivables

4,149 9,142 1,796 7,346 9,197

OTHER RECEIVABLES

Non-current portion

Current portion

Gross value Impairment

(66)

(55)

At 31 December 2019, other receivables include an amount of €1,667 million corresponding to the CSPE receivable (€799 million at 31 December 2018). The rest of the CSPE receivable is included in “Loans and financial receivables” (see note 39.3).

Other operating receivables include €1,278 million of advances paid to suppliers (€1,192 million at 31 December 2018). Most of these advances concern the France – Generation and Supply segment.

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EDF | Universal registration document 2019

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