EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

Other provisions for decommissioning Note 33

The breakdown by company is as follows:

EDF EDF Energy

Edison  (1) Framatome  (2)

Other entities  (3)

Total

(in millions of euros)

OTHER PROVISIONS FOR DECOMMISSIONING AT 31/12/2019  (3) Other provisions for decommissioning at 31/12/2018

667

143

161

388

319 1,678

658 268 2,124 The decrease in Edison’s other provisions for decommissioning is essentially explained by the reclassification of the E&P operations as assets held for sale and (1) related liabilities (see notes 2.3 and 46). Including €83 million of provisions concerning basic nuclear facilities in France. (2) Including €48 million of provisions concerning basic nuclear facilities of Cyclife France (formerly SOCODEI). (3) 132 716 350

Other provisions for decommissioning principally concern fossil-fired power plants, installations for the production of nuclear fuel assemblies, and dismantling of wind farms. The costs of decommissioning fossil-fired power plants are calculated using regularly updated studies based on estimated future costs, measured by reference

to the charges recorded on past operations and the most recent estimates for plants still in operation. The provision recorded at 31 December 2019 reflects the most recent known cost estimates and includes rehabilitation costs for generation sites.

Provisions for employee benefits Note 34

34.1

EDF group

31/12/2019

31/12/2018

(in millions of euros)

Provisions for employee benefits – current portion Provisions for employee benefits – non-current portion

945

998

20,539 21,484

17,627 18,625

PROVISIONS FOR EMPLOYEE BENEFITS

34.1.1

Breakdown of the change in the net liability

Obligations

Fund assets

Net Liability

(in millions of euros)

Balance at 31/12/2018  (1) Net expense for 2019 Actuarial gains and losses

38,479

(20,791)

17,688

1,954 5,130

(523)

1,431 2,462 (283)

(2,668)

Employer’s contributions to funds Employees’ contributions to funds

-

(283)

12

(12)

-

Benefits paid  (2)

(2,128)

1,117 (501)

(1,011)

Translation adjustment

455

(46)

Changes in scope of consolidation

-

- -

-

Other movements

(3)

(3)

BALANCE AT 31/12/2019

43,899

(23,661)

20,238

Including: Provisions for employee benefits

21,484

Non-current financial assets (1,246) The net liability at 31 December 2018 comprised €18,625 million for the provisions for employee benefits and €(937) million of non-current financial assets, (1) giving a net liability amount of €17,688 million. Including €272 million for a plan settlement in the United States. (2)

351

EDF | Universal registration document 2019