EDF / 2019 Universal registration document

6. Financial statements

Notes to the consolidated financial statements

Operating purchase commitments 49.1.1.2.2 Operating purchase commitments are as follows:

31/12/2019

31/12/2018

(in millions of euros)

EDF

3,028 1,880

2,533 2,024

Framatome

Enedis

829 613

764 524

EDF Energy

Other entities

1,244 7,594

1,053 6,898

TOTAL

Lease commitments as lessee 49.1.1.3 At 31 December 2019, lease commitments as lessee break down as follows:

31/12/2019

31/12/2018

Maturity

Total

< 1 year

1-5 years

> 5 years

Total

(in millions of euros)

LEASE COMMITMENTS AS LESSEE

489

67

222

200

4,375

leases of assets that have not yet been made available to the Group (principally ■ real estate and LNG tankers under construction). The right-of-use assets and the lease liability will be recognised in the balance sheet when the leased asset is made available. The total amount concerned at 31 December 2019 is €278 million (€329 million at 31 December 2018). Investment commitments given 49.1.2

From 1 January 2019, most existing leases are recognised in the balance sheet in application of IFRS 16, while at 31 December 2018 they were reported as off-balance sheet commitments. The residual off-balance sheet lease commitments amounted to €434 million at 1 January 2019 (see note 2.1.1). The only remaining off-balance sheet lease commitments are: leases that are exempt from recognition in application of IFRS 16. The total ■ amount concerned at 31 December 2019 is €211 million (€105 million at 31 December 2018);

At 31 December 2019, details of investment commitments are as follows:

31/12/2019

31/12/2018

Maturity

Total

< 1 year

1-5 years

> 5 years

Total

(in millions of euros)

Commitments related to acquisition of tangible and intangible assets Commitments related to acquisition of financial assets

17,430

9,422

7,245

763

16,545

583 224

54

431

98

746 281

Other commitments related to investments TOTAL INVESTMENT COMMITMENTS GIVEN*

184

40

-

18,237 17,572 Including commitments given by controlled entities to joint ventures, amounting to €265 million at 31 December 2019 (€399 million at 31 December 2018). * 9,660 7,716 861

49.1.2.1 The commitments related to acquisition of tangible and intangible fixed assets are as follows:

Commitments related to acquisition of tangible and intangible fixed assets

31/12/2019

31/12/2018

(in millions of euros)

EDF

4,654 6,466 2,555 2,437

4,715 6,082 3,092 1,622

EDF Energy

Enedis

EDF Renewables

Framatome Other entities

517 801

587 447

TOTAL

17,430

16,545

The increase in commitments given related to acquisition of tangible and intangible fixed assets is mainly explained by the projects in development, notably EDF

levante thermoelectric plant project, and a rise in commitments associated with EDF Energy’s HPC project. The decrease in Enedis’ commitments is due to further

Renewables projects in the United States, Brazil and India, Edison’s Marghera progress on the rollout of Linky meters.

384

EDF | Universal registration document 2019

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