EDF_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Income Statement

PROPERTY, PLANT AND EQUIPMENT USED IN GENERATION NOTE 22 AND OTHER TANGIBLE ASSETS OWNED BY THE GROUP NET VALUE OF PROPERTY, PLANT AND EQUIPMENT USED IN GENERATION 22.1 AND OTHER TANGIBLE ASSETS OWNED BY THE GROUP

The net value of property, plant and equipment used in generation and other tangible assets owned by the Group breaks down as follows:

31/12/2017

31/12/2016

(in millions of euros)

Property, plant and equipment

48,972 26,515

46,350 24,059

Property, plant and equipment in progress Finance-leased property, plant and equipment

135

164

PROPERTY, PLANT AND EQUIPMENT USED IN GENERATION AND OTHER TANGIBLE ASSETS OWNED BY THE GROUP

75,622

70,573

At 31 December 2017, property, plant and equipment in progress owned by the Group mainly concern the EPR reactors at Flamanville 3 (€11,523 million including capitalised borrowing costs amounting to €2,287 million), and Hinkley Point C (€5,149 million including capitalised borrowing costs amounting to €59 million). Property, plant and equipment concerning the Dunkirk methane terminal, which began commercial operations in early 2017, have been reclassified and transferred from property, plant and equipment in progress to property, plant and equipment used in generation at the value of €1,158 million.

The changes observed in generation assets in 2017 also include a foreign exchange effect of €(1,081) million, mainly caused by the decline of the pound sterling and US dollar against the Euro. At 31 December 2017, impairment of tangible assets owned by the Group amounts to €(298) million.

6.

22.2

MOVEMENTS IN PROPERTY, PLANT AND EQUIPMENT USED IN GENERATION AND OTHER TANGIBLE ASSETS OWNED BY THE GROUP (EXCLUDING ASSETS IN PROGRESS AND FINANCE-LEASED ASSETS)

Other installations, plant, machinery, equipment & other

Fossil-fired & hydropower plants

Land and buildings

Nuclear power plants

Total

Networks

(in millions of euros)

Gross value at 31/12/2016

12,554

66,958

19,964

17

16,880

116,373

Increases Decreases

654

2,938

1,767 (493) (179)

- - -

2,200 (429) (737)

7,559

(503)

(1,020)

(2,445) (1,337)

Translation adjustments Changes in the scope of consolidation (1)

(43)

(378)

314

-

(271)

- -

821

864 514

Other movements (2)

43

392

49

30

13,019

68,890

20,837

17

18,765

121,528

GROSS VALUE AT 31/12/2017 Depreciation and impairment at 31/12/2016

(6,874)

(44,269)

(11,866)

(9) (2)

(7,005) (1,155)

(70,023)

Net depreciation

(345)

(2,545)

(776) (217)

(4,823)

Impairment net of reversals

(77) 229

13

- - -

(17) 398 205

(298) 1,918

Disposals

893 164

398 126

Translation adjustments Changes in the scope of consolidation (1)

4

499

(9) (2)

-

81 24

-

2

74 97

Other movements

65

(1)

11

DEPRECIATION AND IMPAIRMENT AT 31/12/2017

(7,074)

(45,679) 22,689

(12,230)

(12)

(7,561) 9,875 11,204

(72,556) 46,350

Net value at 31/12/2016 NET VALUE AT 31/12/2017

5,680 5,945

8,098 8,607

8 5

23,211

48,972

Changes in the scope of consolidation mainly concern assets related to the first consolidation of Framatome. (1) Other movements include the effect on assets associated with provisions and underlying assets of the €322 million change in the real discount rate used to (2) calculate provisions related to EDF’s nuclear generation (see note 29.1).

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EDF I Reference Document 2017