EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS Notes to the financial statements

Special concession liabilities Note 26

31/12/2020

31/12/2019

(in millions of euros)

Value in kind of assets Revaluation difference Additional depreciation

106 790 324

106 815 280

Rights in hydropower concession assets

1,220 1,918

1,201 1,839

Value in kind of assets

Unamortised financing by the operator Amortisation of grantor financing

(1,219)

(1,157)

354

344

Contributions received for concessionary plant assets under construction

9

7

Rights in public distribution concession assets* TOTAL SPECIAL CONCESSION LIABILITIES

1,062 2,282

1,033 2,234

Rights in public distribution concession assets concern the Island Energy Systems (SEI) public electricity distribution concessions. *

Provisions for risks Note 27

Other changes

Increases

Decreases

31/12/2019

Operating (1)

Financial (2)

Utilisations (1) (3)

Reversals (1)

Financial

31/12/2020

(in millions of euros)

Provisions for unrealised exchange losses (4)

768

-

28

-

-

(284)

-

512

Provisions for losses on contracts (3)

1,616

590 130

375

(259)

(89)

- -

- -

2,233

Provisions for other risks

304

-

(32)

(7)

395

PROVISIONS FOR RISKS

2,688

720

403

(291)

(96)

(284)

-

3,140

See notes 6 and 11.2. (1) The increase in the cost of unwinding the discount on provisions for losses on contracts is explained by the substantially lower discount rate compared to (2) 31 December 2019, due to changes in the methods for determining discount rates (see note 28.5). The €242 million net increase to operating provisions for losses on contracts principally concern a long-term LNG purchase contract (€146 million) and a (3) regasification service contract (€163 million). Provisions for unrealised exchange losses amount to €512 million at 31 December 2020 and principally concern the hybrid notes (€269 million) and other (4) borrowings after hedging (€216 million). The amounts reversed from these provisions in 2020 mainly concern the hybrid notes (€272 million).

460

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020