EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Other provisions and contingent liabilities Note 17

31/12/2020

31/12/2019

Current Non-current

Total

Notes

Current Non-current

Total

(in millions of euros)

1,864 6,305 8,169

1,678 5,775 7,453

17.1 17.2

Other provisions for decommissioning

120

1,744 3,630 5,374

105

1,573 3,065 4,638

Other provisions

2,675 2,795

2,710 2,815

OTHER PROVISIONS

17.1

Other provisions for decommissioning

The breakdown by company is as follows:

EDF EDF Energy

Edison Framatome

Other

Total

(in millions of euros)

OTHER PROVISIONS FOR DECOMMISSIONING AT 31/12/2020

772

128

172

412

380

1,864

Other provisions for decommissioning at 31/12/2019

667

143

161

388

319

1,678

Other provisions for decommissioning principally concern fossil-fired power plants, installations for the production of nuclear fuel assemblies, and dismantling of wind farms. The costs of decommissioning fossil-fired power plants are calculated using regularly updated studies based on estimated future costs, measured by reference to the charges recorded on past operations and the most recent estimates for plants still in operation. The provision recorded at 31 December 2020 reflects the most recent known cost estimates and includes rehabilitation costs for generation sites. Provisions for decommissioning notably include €140 million for Basic nuclear facilities (INB) in France, in the amounts of €78 million for Framatome and

€62 million for Cyclife France. Dedicated assets have been set aside to cover these provisions as required by the regulations. Dedicated assets of Framatome and Cyclife France The dedicated assets of Framatome and Cyclife France (formerly SOCODEI) relating to Basic nuclear facilities (INB) in France have realisable values of €97 million in Framatome and €57 million in Cyclife France and the degree of coverage of provisions according to the regulations is 124% for Framatome and 91% for Cyclife France, mainly due to the decrease in the real discount rate at 31 December 2020.

17.2

Other provisions

Details of changes in other provisions are as follows:

Decreases

Changes in scope

Other changes*

31/12/2020

31/12/2019

Increases

Utilisations

Reversals

(in millions of euros)

Provisions for contingencies related to subsidiaries and investments

766

8

(28)

(8)

(1)

64

801

Provisions for tax liabilities (excluding income tax) Provisions for litigation

155 479

26 68

(13) (56)

(2)

- -

-

166 392

(101)

2

Provisions for onerous contracts and losses on completion

1,356

527

(261)

(14)

(6)

288

1,890

Provisions related to environmental schemes Other provisions for risks and liabilities

1,517

1,535

(1,807)

-

-

(53)

1,192

1,502 5,775

752

(356)

(46)

1

11

1,864 6,305

TOTAL

2,916

(2,521)

(171)

(6)

312

* Other changes principally concern the effects of the change in real discount rate at 31 December 2020 (see note 8.2).

390

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020