EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

The movement in provisions for the back-end of the nuclear cycle, provisions for decommissioning and provisions for last cores breaks down as follows:

Discount effect

Translation adjustments

Other movements

31/12/2020

31/12/2019

Increases

Decreases

(in millions of euros)

Provisions for spent fuel management Provisions for waste removal and conditioning Provisions for long-term radioactive waste management Provisions for the back-end of the nuclear cycle Provisions for nuclear plant decommissioning

12,326

639

(950)

660

(79)

12

12,608

1,337

9

(25)

56

(29)

(802)

546

11,591

104

(221)

1,069

(58)

1,928

14,413

25,254

752

(1,196)

1,785

(166)

1,138

27,567

27,609

133

(230)

957 165

(557) (106)

124 407

28,036

Provisions for last cores

4,516

-

(99)

4,883

Provisions for decommissioning and last cores

32,125

133

(329)

1,122

(663)

531

32,919

PROVISIONS RELATED TO NUCLEAR GENERATION 57,379

885

(1,525)

2,907

(829)

1,669

60,486

Current portion

1,796

2,153

Non-current portion

55,583

58,333

The change in provisions related to nuclear generation in 2020 is mainly due to a 20bp decrease in the real discount rate in France and the United Kingdom. The corresponding effects are included in the “Discount effect” (€1,042 million) for

(€1,351 million) for changes in provisions backed by assets (assets associated with provisions and underlying assets in France and the United Kingdom; the receivable representing amounts due from the Nuclear Liabilities Fund (NLF) and the British

provisions adjusted through the income statement, and in “Other movements” government in the United Kingdom).

Details of the change in provisions related to nuclear generation in 2020 are as follows:

366

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020