EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

13.3.1

Trade receivables due and not yet due

31/12/2020

31/12/2019

Gross value Provision Net value

Gross value

Provision Net value

(in millions of euros)

TRADE RECEIVABLES overdue by up to 6 months overdue by 6-12 months

15,722 (1,201)

14,521

16,649 (1,043)

15,606

1,249

(242) (193) (526) (961) (240)

1,007

1,262

(187) (124) (514) (825) (218)

1,075

465 851

272 325

367 940

243 426

overdue by more than 12 months

Trade receivables due

2,565

1,604

2,569

1,744

Trade receivables not yet due

13,157

12,917

14,080

13,862

13.3.2

Assignment of receivables

Accounting principles and methods When it can be demonstrated that the Group has transferred substantially all the risks and benefits related to assignment of receivables, particularly the credit risk, the items concerned are derecognised.

Otherwise, the operation is considered as a financing operation, and the receivables remain in the balance sheet assets, with recognition of a corresponding financial liability.

31/12/2020

31/12/2019

(in millions of euros)

Trade receivables assigned and wholly retained in the balance sheet Trade receivables assigned and partly retained in the balance sheet

84 60

-

32

Trade receivables assigned and wholly derecognised

792

1,042

The Group assigned trade receivables for a total of €792 millions at 31 December 2020, mainly concerning Edison, EDF SA and Dalkia (€1,042 million at 31 December 2019). As most assignment operations are carried out on a recurrent, without-recourse basis, the corresponding receivables are no longer carried in the Group’s consolidated balance sheet.

Contract assets 13.3.3 Contract assets are rights held by an entity to receive a consideration in return for goods or services supplied to customers, when such rights are conditional on something other than the passage of time. Most contract assets mature within one year.

The contract assets included in receivables represent an amount of €389 million at 31 December 2020 and €400 million at 31 December 2019 and mainly concern Framatome, Dalkia and EDF Renewables.

13.3.4

Other receivables

Details of other receivables are as follows:

31/12/2020

31/12/2019

(in millions of euros)

Prepaid expenses

1,457 1,993 1,988

1,429 1,667 2,022

Compensation for Public Energy Service charges (CSPE)

VAT receivables

Other tax receivables

248

153

Other operating receivables OTHER RECEIVABLES

3,247 8,933 2,015 6,918 9,013

3,540 8,811 1,930 6,881 8,877

Non-current portion

Current portion

Gross value Impairment

(80)

(66)

Other operating receivables include €1,045 million of advances paid to suppliers (€1,278 million at 31 December 2019). Most of these advances concern the France – Generation and Supply segment.

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020