EDF / 2019 Universal registration document

6. Financial statements Financial statements

Balance sheet

Gross values of intangible and tangible fixed assets Note 16

Gross value at 31/12/2019

Gross value at 31/12/2018

Increases

Decreases

(in millions of euros)

Software

1,832

309

32

2,109

Other

259

27

4

282

Intangible assets

2,091

336

36

2,391

Land

111

11

5

117

Buildings

10,875 58,378 13,236

784

46

11,613 61,160 13,410

Nuclear power plants

3,988

1,206

Machinery and plant other than networks

363

189

EDF-owned networks

1,052 1,674

19

-

1,071 1,722

Other

120

72

Property, plant and equipment owned by EDF  (1)

85,326

5,285

1,518

89,093

Land

47

1

-

48

Buildings

10,166

93 71

11 14 17

10,248

Machinery and plant other than networks

1,612 2,866

1,669 3,019

Concession networks

170

Other

20

-

-

20

Property, plant and equipment operated under concessions  (2)

14,711 17,265

335

42

15,004 17,756

Tangible assets  (3) Intangible assets  (3)

5,867

5,376

776

494

344

926

Advances and progress payments on orders

3,073

5

48

3,030

Assets in progress

21,114 123,242

6,366

5,768 7,364

21,712

TOTAL INTANGIBLE AND TANGIBLE FIXED ASSETS  (4) 128,200 Property, plant and equipment owned by EDF include the €1,224 million impact of 35 newly-commissioned back-up diesel facilities, in line with the timetable (1) approved by the ASN. Property, plant and equipment operated under concessions concern the Island Energy Systems public electricity distribution concessions and hydropower (2) concessions. Investments during the year mainly concern equipment for existing power plants under the Grand Carénage programme, and construction of the Flamanville 3 (3) EPR plant. Intangible assets in progress include studies currently in process for the EPR 2 project, amounting to €388 million at 31 December 2019. The capitalised value of the Flamanville 3 EPR project in the financial statements at 31 December 2019 is €11,373 million* (€11,122 million in tangible assets in (4) progress in progress and €251 million in property, plant and equipment in operation). In addition to the construction cost, this amount includes an inventory of spare parts and capitalised amounts totalling €422 million for related projects (notably the initial comprehensive inspection and North Area development), and €611 million of pre-operating expenses and other property, plant and equipment related to the Flamanville project, giving a total construction cost at historical value of €10,340 million. Depreciation and amortisation recognised at 31 December 2019 in respect of assets in operation amounts to €64 million. 12,322

* Interest is not capitalised in the parent company financial statements.

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EDF | Universal registration document 2019

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