EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Income Statement

OTHER INTANGIBLE ASSETS NOTE 19

The net value of other intangible assets breaks down as follows:

At 31 December 2017

Translation adjustments

Changes in scope

Other movements

31/12/2016 Acquisitions

Disposals

31/12/2017

(in millions of euros)

Software

3,624

638

(224)

(37)

23

10

4,034

Positive fair value of commodity contracts acquired in a business combination Greenhouse gas emission rights – green certificates

810

-

-

-

-

-

810

428

1,123

(1,107)

(7)

1

2

440

Other intangible assets

5,975

410 128

(113)

(46)

1,322

(47)

7,501 1,211

Intangible assets in development (1)

995

(2)

(6)

96

-

Gross value

11,832

2,299

(1,446)

(96)

1,442

(35)

13,996

Accumulated amortisation and impairment

(4,382)

(976) 1,323

272

58

(71)

(1)

(5,100)

7,450

(1,174)

(38)

1,371

(36)

8,896

NET VALUE

Increases in intangible assets in development are presented net of the effect of commissioning new assets. (1)

The “Framatome” brand, Framatome’s nuclear technology-related intangible ■ assets and Framatome’s customer contracts, for respective amounts of €132 million, €702 million and €402 million. Impairment of €(16) million was recorded in respect of other intangible assets in 2017. EDF’s research and development expenses recorded in the income statement total €546 million for 2017.

The gross value of other intangible assets at 31 December 2017 includes: the Edison brand and intangible assets related to Edison’s hydropower ■ concessions, for amounts of €945 million and €729 million respectively; the Dalkia brand and intangible assets related to Dalkia’s concession agreements ■ in France, for respective amounts of €130 million and €962 million.

At 31 December 2016

Translation adjustments

Changes in scope

Other movements

31/12/2015 Acquisitions

Disposals

31/12/2016

(in millions of euros)

Software

3,577

617

(381)

(135)

(60)

6

3,624

Positive fair value of commodity contracts acquired in a business combination Greenhouse gas emission rights – green certificates

810

-

-

-

-

-

810

690

935 341

(1,094)

(49) (46) (23)

(1)

(53)

428

Other intangible assets

5,936 1,976

(19)

(324)

87

5,975

Intangible assets in development (1)

87

-

(1)

(1,044) (1,004)

995

Gross value

12,989

1,980

(1,494)

(253)

(386)

11,832

Accumulated amortisation and impairment

(4,100)

(992)

394

84

166

66

(4,382)

8,889

988

(1,100)

(169)

(220)

(938)

7,450

NET VALUE

Other movements include the reclassification of certain costs relating to the Flamanville 3 EPR as property, plant and equipment in progress. (1)

The gross value of other intangible assets at 31 December 2016 includes: the Edison brand and intangible assets related to Edison’s hydropower ■ concessions, for amounts of €945 million and €729 million respectively; the Dalkia brand and intangible assets related to Dalkia’s concession agreements ■ in France, for respective amounts of €130 million and €912 million.

Impairment of €(159) million was recorded in respect of other intangible assets in 2016. EDF’s research and development expenses recorded in the income statement total €572 million for 2016.

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EDF I Reference Document 2017