EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

Provisions Note 31

The breakdown between current and non-current provisions is as follows:

31/12/2019

31/12/2018

Current Non-current

Total

Notes

Current Non-current

Total

(in millions of euros)

Provisions for the back-end of the nuclear cycle Provisions for decommissioning and last cores Provisions related to nuclear generation

1,432

23,822 25,254 31,761 32,125 55,583 57,379

1,515

22,362 23,877 26,842 27,144 49,204 51,021

364

302

32 33 34 35

1,796

1,817

Other provisions for decommissioning

105 945

1,573

1,678

91

2,033

2,124

Provisions for employee benefits

20,539 21,484

998

17,627 18,625

Other provisions TOTAL PROVISIONS

2,710 5,556

3,065

5,775

3,104 6,010

2,908

6,012

80,760 86,316

71,772 77,782

Provisions related to nuclear generation – back-end of the Note 32 nuclear cycle, plant decommissioning and last cores

Provisions related to nuclear generation comprise provisions for back-end nuclear cycle expenses (management of spent fuel and radioactive waste), provisions for plant decommissioning and provisions for last cores.

Provisions are estimated under the principles presented in note 1.3.2.2. Obligations can vary noticeably depending on each country’s legislation and regulations, and the technologies and industrial scenarios involved.

The movement in provisions for the back-end of the nuclear cycle, provisions for decommissioning and provisions for last cores breaks down as follows:

Discount effect

Translation adjustments

Other movements

31/12/2019

31/12/2018

Increases

Decreases

(in millions of euros)

Provisions for spent fuel management Provisions for waste removal and conditioning Provisions for long-term radioactive waste management Provisions for the back-end of the nuclear cycle Provisions for nuclear plant decommissioning

12,162

548

(1,092)

576

74

58

12,326

1,120

32

(29)

51

23

140

1,337

10,595

165

(232)

680

46

337

11,591

23,877

745

(1,353)

1,307

143

535

25,254

23,040

105

(174)

984 167

444

3,210

27,609

Provisions for last cores

4,104

-

-

88

157

4,516

Provisions for decommissioning and last cores

27,144

105

(174)

1,151

532

3,367

32,125

PROVISIONS RELATED TO NUCLEAR GENERATION

51,021

850

(1,527)

2,458

675

3,902

57,379

revision of the assumptions used to determine nuclear plant decommissioning ■ liabilities in the United Kingdom. The related effects (€1,994 million) are presented in “Other movements” and correspond to changes in provisions associated with the NLF receivable (see note 32.2.3).

The change in provisions related to nuclear generation in 2019 is mainly due to: a lower real discount rate in France and the United Kingdom. The corresponding ■ effects are included in the “Discount effect” (€449 million) for provisions with corresponding entries in the income statement, and in “Other movements” (€1,708 million) for changes in provisions with related assets (assets associated with provisions and underlying assets in France; the NLF receivable in the United Kingdom);

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EDF | Universal registration document 2019