EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

21.2

Commitments received

The table below shows off-balance sheet commitments received by the Group that have been valued. Other commitments received are described separately in the detailed notes.

31/12/2020

Notes

31/12/2019

(in millions of euros)

21.2.1 21.2.2 21.2.3

Operating commitments received (1) Investment commitments received Financing commitments received TOTAL COMMITMENTS RECEIVED (2)

8,108

9,291

132

181

31

22

8,271

9,494

Excluding commitments related to supplies of energy and related services (see note 21.2.1.4). (1) Excluding commitments related to credit lines, which are described in note 18.4. (2)

21.2.1

Operating commitments received

Operating commitments received by the Group at 31 December 2020 comprise the following:

31/12/2020

31/12/2019

Maturity

Total

< 1 year

1 to 5 years

> 5 years

Total

(in millions of euros)

Operating lease commitments as lessor

711

114

355

242 956

770

Operating sale commitments Operating guarantees received

5,903 1,444

1,490 1,195

3,457

6,706 1,756

161

88 17

Other operating commitments received OPERATING COMMITMENTS RECEIVED

50

18

15

59

8,108

2,817

3,988

1,303

9,291

Operating lease commitments as lessor 21.2.1.1 In 2020, the Group benefits from commitments as lessor in operating leases amounting to €711 million. These commitments mainly concern the Asian Independent Power Projects (IPPs) and real estate leases. Operating sale commitments 21.2.1.2 Operating sale commitments received exclude energy deliveries and principally concern firm orders made through contracts recorded on a percentage-of-completion basis at Framatome (construction and engineering contracts) and EDF Renewables (agreements for operation services, maintenance services, and development and sale of structured assets).

Operating guarantees received 21.2.1.3 Operating guarantees received primarily concern EDF and relate to guarantees received from suppliers, particularly in connection with deliveries under the ARENH system. Electricity supply commitments 21.2.1.4 In the course of its business, the EDF group has signed long-term contracts to supply electricity as follows: long-term contracts with a number of European electricity operators, for a specific ● plant or for a defined group of plants in the French nuclear generation fleet, corresponding to installed power capacity of 3.5GW; in execution of France’s Law on organisation of the French electricity market, EDF ● has a commitment to sell some of the energy generated by its existing nuclear power plants to other suppliers. This covers volumes of up to 150TWh each year until 31 December 2025.

21.2.2

Investment commitments received

31/12/2020

31/12/2019

Maturity

Total

< 1 year

1 to 5 years

> 5 years

Total

(in millions of euros)

INVESTMENT COMMITMENTS RECEIVED

132

14

118

-

181

21.2.3

Financing commitments received

31/12/2020

31/12/2019

Maturity

Total

< 1 year

1 to 5 years

> 5 years

Total

(in millions of euros)

FINANCING COMMITMENTS RECEIVED

31

2

19

10

22

416

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020