EDF / 2019 Universal registration document

6. Financial statements Financial statements

Liabilities Note 32

Maturity

Gross value at 31/12/2019

Gross value at 31/12/2018

< 1 year

1–5 years

> 5 years

(in millions of euros)

Liabilities Bonds

3,781

11,081

35,710

50,572

50,068

Borrowings from financial institutions

-

-

1,289

1,289 1,845

1,154 2,011

Other borrowings

1,833

7

5

Other financial liabilities: Advances on consumption ■

-

1

5

20

26

26

Other ■

1,439 7,054 7,050 7,572 8,357 2,172

-

-

1,439

1,385

Financial liabilities (see Note 33)

11,093

37,024

55,171

54,644

Advances and progress payments received  (1)

-

-

7,050 7,720 8,357 2,172

7,134 7,447 8,157 2,670

Trade payables and related accounts Tax and social security liabilities  (2)

108

40

- -

- - -

Liabilities related to fixed assets and related accounts

Other liabilities  (3)

14,072 32,173

1

14,073 32,322

14,955 33,229

Operating, investment and other liabilities

109 640 915

40

Cash instruments Deferred income  (4) TOTAL LIABILITIES

3,136

611

4,387 3,112

3,462 3,116

610

1,587

50,023 101,585 Advances and progress payments received principally include monthly standing order payments by EDF’s residential and business customers, amounting to (1) €6,719 million at 31 December 2019 (€6,827 million at 31 December 2018). In 2019 this item includes an amount of €1,463 million for the CSPE to be collected by EDF on energy supplied but not yet billed (€1,521 million in 2018). (2) Mainly the amount of current accounts, cash pooling and underwriting and cash management agreements with subsidiaries. (3) Deferred income at 31 December 2019 comprises the partner advances made to EDF under nuclear plant financing plans and the associated long-term contracts, (4) amounting to €1,710 million (€1,663 million in 2018). Deferred income on long-term contracts also includes the advance paid to EDF in 2010 under the agreement with the Exeltium consortium. This advance is transferred to the income statement progressively over the term of the contract. 12,757 39,262 102,042

443

EDF | Universal registration document 2019