EDF / 2019 Universal registration document

6. Financial statements Financial statements

Personnel expenses Note 10

2019

2018

(in millions of euros)

Salaries and wages Social contributions

3,654 2,799 6,453

3,711 2,854 6,565

PERSONNEL EXPENSES

The decrease in personnel expenses mainly reflects the lower workforce numbers and the employer contribution reductions specifically for low salaries, which apply from 1 January 2019 following the discontinuation of the tax credit for competitivity and employment (CICE) (see note 15.3).

2019

2018

Executives

Non executives

Total

Total

IEG status

27,308

32,041

59,349

60,759

Other

1,924

2,257

4,181

4,168

AVERAGE WORKFORCE

29,232

34,298

63,530

64,927

Average workforce numbers are reported on a full-time equivalent basis.

Operating depreciation, amortisation and provisions Note 11

11.1

Depreciation and amortisation

2019

2018

(in millions of euros)

Amortisation of intangible assets

266

235

Depreciation on property, plant and equipment: owned by EDF  (1) ■

3,401

2,991

operated under concessions  (2) ■

282

272

Total depreciation and amortisation on fixed assets Other depreciation and amortisation and deferred expenses

3,949

3,498

26

33

TOTAL DEPRECIATION AND AMORTISATION

3,975

3,531

Including €139 million of accelerated depreciation in 2019 relating to coal-fired plants (see note 3.1). (1) This depreciation concerns the Island Energy Systems public electricity distribution concessions and hydropower concessions. (2)

11.2 Provisions and impairment

2019

Notes

2018

(in millions of euros)

Provisions for risks*

27 30 28 28 28

656 674 535 189 105

1,125

Pensions and similar obligations Management of spent nuclear fuel

832 488

Long-term management of radioactive waste

48 52 22

Decommissioning of nuclear power plants and last cores Decommissioning of thermal and hydropower plants

2

Other provisions for expenses Provisions for expenses

112

120

1,617

1,562

Impairment

342

253

TOTAL PROVISIONS AND IMPAIRMENT 2,940 The increase at 31 December 2019 mainly concerns supply and sale contracts. In 2018 the increase included €737 million for the long-term contract with * Dunkerque LNG and €163 million for other onerous contracts. 2,615

421

EDF | Universal registration document 2019